HomeBusinessPipeline protection powers Nigeria’s oil production boom

Pipeline protection powers Nigeria’s oil production boom

Nigeria’s recovery in oil production in the last four months, linked to improved pipeline security and reduced disruptions across the Niger Delta, has seen the country’s crude output climb to its highest level in six years as operators enjoy longer production uptime and smoother crude evacuation.

Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) show that Nigeria’s combined crude oil and condensate production rose to an average of 1.74 million barrels per day (bpd) in June, extending a four-month streak of production growth and underscoring the impact of improved security around critical oil infrastructure.

According to the commission, the increase was driven by stable production operations across major producing assets and the absence of significant pipeline outages during the review period.

The development marks a major turnaround for an industry that only a few years ago was losing hundreds of thousands of barrels daily to crude theft,

This post was originally published on this site.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

- Advertisment -spot_img
- Advertisment -spot_img