Tag: Crude oil

  • Crude oil production threatened as explosion rocks TNP

    Crude oil production threatened as explosion rocks TNP

    A massive explosion hit the Trans-Niger Pipeline (TNP) late Monday night, causing significant disruption and sparking fears of environmental damage and economic losses.

    The TNP, one of Nigeria’s largest oil pipelines with a capacity of 450,000 barrels per day, was recently acquired by Renaissance Africa Energy Company Limited as part of its Shell Petroleum Development Company (SPDC) acquisition last week.

    The explosion occurred near the Bodo-Bonny Road construction site in Bodo Community, Gokana Local Government Area, Rivers State. 

    Videos from Tuesday morning showed thick black smoke and a raging fire spreading through the mangrove.

    Read Also:  Why Nigeria’s crude oil output declined by 5%

    Residents reported hearing a loud blast followed by intense heat and flames. While the cause remains unconfirmed, sources suggest it could be linked to sabotage, vandalism, or equipment failure.

    The Trans Niger Pipeline (TNP) is considered one of Nigeria’s biggest oil pipelines. It is a major crude oil transportation pipeline in the Niger Delta region, which is known for its significant oil reserves.

    The Trans Niger Pipeline is operated by the Shell Petroleum Development Company (SPDC), which has just been bought over and renamed to Renaissance Africa Energy Company Limited, and the Nigerian National Petroleum Company Limited (NNPC) and spans approximately 180 kilometers (112 miles).

    The TNP is an important infrastructure for transporting crude oil from oilfields in the Niger Delta to export terminals, primarily the Bonny Export Terminal. It has the capacity to transport over 450,000 barrels of crude oil per day, contributing significantly to Nigeria’s oil production and export.

  •  Why Nigeria’s crude oil output declined by 5%

     Why Nigeria’s crude oil output declined by 5%

    Nigerian crude oil production declined by 5 per cent in February 2025 to an average of 1.67million barrels per day (bopd) from an average of 1.73 million bopd in January 2025 due to the maintenance of the Transmission Nigeria pipeline to Bonny terminal.

    An unauthorized source at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) who spoke with The Nation said, “The decline was majorly due to pipeline maintenance (at one of the segments of Trans Niger pipeline going to Bonny Terminal)  and fire outbreak at one of the production evacuation points of NNPC Ltd.

    NUPRC has earlier released its monthly production data for February.

    Recall that it has said in average crude oil production was 98 per cent of the 1.5million bopd Organization of Petroleum Exporting Countries OPEC quota for the country.

    But its current NUPRC document titled: “Crude Oil and Condensate Production February 2025,” said, “Lowest and Peak production in February was 1.60million bopd and 2.76 million bopd respectively.

    “The daily average production in February was 1,671,953 barrels per day comprising of both crude oil (1,465,006bopd) and condensate (206,948bopd). The average crude oil production was 98 % of OPEC quota (1.5mbpd).”

    NUPRC said in February, the country produced 57,132 bopd of blended condensate and 149,816bopd of unblended condensate.

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    Recall that in January, NUPRC said Nigeria exceeded the OPEC quota by 3 per cent when it produced 1.73bopd.

    This was contained in NUPRC document titled: “Crude Oil and Condensate Production January 2025.”

    The document said, “Lowest and Peak production in January were 1.66millionbopd and 1.79million bopd respectively.

    “The daily average production in January was 1,737,680 barrels per day, comprising of both crude oil (1,538,697 bopd) and condensate (198,738 bopd).

    “The average crude oil production was 103% of OPEC quota (1.5mbpd).”

    Recall that in  December 2024, Nigeria met the crude oil production quota of the OPEC  by 98.97 per.

    The cartel’s average daily quota for the month was 1.5million barrels per (mb/d) of crude oil.

    However, the country’s output was 1.48mb/d of crude oil, 49,276bpd of blended condensed, and 133,699 unblended condensate, totally 1.66mb/d.

    The NUPRC Nigerian broke the news in its “Oil Production Status Report” for December 2024.

    “The average crude oil production was 98.97 per cent of OPEC quota (1.5mbpd),” said NUPRC.

    Insecurity in the Nigerian Delta continue to culminate in oil theft and vandalism that also hamper the crude oil production.

  • Naira-for-crude policy remains in place, says Technical sub-committee chairman

    Naira-for-crude policy remains in place, says Technical sub-committee chairman

    The federal government’s policy allowing crude oil sales in naira for domestic refining remains in place, despite reports suggesting its discontinuation, according to Zacch Adedeji, Chairman of the Technical Sub-Committee on the Federal Executive Council Initiative on Domestic Sales of Crude Oil and Refined Products.

    In a statement issued on Monday, Adedeji dismissed claims that domestic refineries have been forced to rely solely on international crude purchases. 

    He reaffirmed that the naira-based crude supply arrangement is still operational and remains a key component of the government’s strategy to stabilize supply and optimize local refining capacity.

    “There has been no decision at the policy level to discontinue this approach, nor is it being considered,” Adedeji stated. “After months of implementation, evidence shows that this policy is the right way forward for the economy.”

    The statement read: “Our attention has been drawn to reports doing the rounds and suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases. 

    “These reports do not reflect the realities of the ongoing work under the Federal Executive Council Initiative on Domestic Sales of Crude Oil and Refined Products in Naira.

    “As the committee driving the implementation of this laudable initiative, we wish to provide an update on the Federal Executive Council initiative and confirm as follows.”

    No exclusion of local refineries

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    He clarified that local refineries have not been excluded from accessing domestic crude, emphasizing that the supply process remains intact through structured agreements that consider availability, demand, and market conditions. 

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) continues to enforce compliance with the Domestic Crude Oil Obligations provisions of the Petroleum Industry Act, ensuring local refiners receive adequate supply.

    Competitive pricing and market efficiency

    The policy framework also supports competitive pricing and market efficiency, ensuring that domestic crude transactions occur in a structured and fair environment.

    Strengthening implementation

    Adedeji reiterated the committee’s commitment to improving the policy’s execution, with the broader objectives of enhancing local refining, reducing foreign exchange exposure, and stabilizing the domestic fuel supply.

    This assurance comes as Nigeria continues efforts to boost its refining capacity and reduce reliance on imported petroleum products.

  • Nigeria earned N13.78tr from crude oil in Q4 2024

    Nigeria earned N13.78tr from crude oil in Q4 2024

    The National Bureau of Statistics (NBS) at the weekend said Nigeria earned N13.78 trillion from crude oil export in the fourth quarter of 2024.

    This was contained in its document titled: ” Foreign Trade Statistics Report 2024 Q4.”

    The document said in the period under review, the country also earned N2.8 trillion from non-oil and N6.2 trillion from non-oil crude oil.

    NBS said: “Nigeria’s exports trade continued to be dominated by crude oil in the fourth quarter of 2024, which was valued at ₦13.783.00 trillion 

    representing 68.87% of total exports while the value of non-crude oil exports 

    stood at ₦6.231.33 trillion accounting for 31.13% of total exports; of which non-oil products contributed ₦2.842.52 trillion or 14.20% of total exports.”

    NBS said Nigeria’s total trade was N36.60 

    trillion, stressing while import was N16.5 trillion, export was N20.01 trillion.

    It said: “Nigeria’s total merchandise trade stood at ₦36,604.83 billion in Q4, 2024.” NBS said this represents an increase of 68.32 per cent compared to the value (₦21.747.40) recorded in the corresponding period of 2023 and a rise of 2.20% over the value recorded  in the preceding quarter (₦35.818.35trillion). 

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    In the quarter under review, exports accounted for 54.68% of total trade with a value of ₦20.014.33 trillion, showing an increase of 57.67% rise over the value recorded in the fourth quarter of 2023 (₦12.693.62 trillion) and a decrease of 2.55% compared to the value recorded in Q32024 (₦20.537.17 trillion).”

    NBS said in the period under review, 

    Nigeria imported goods mainly from Asia, valued at ₦8.870.04 trillion  representing 53.46% of total imports. 

    It added that this was followed by imports from Europe with ₦5,295.68 trillion or 31.92%, America with ₦1.873.77 trillion or 11.29% while imports from Oceania stood at ₦30.06 trillion illion or 0.22% in the fourth quarter of 2024. 

    According to the document, imports to African countries stood at ₦514.96 billion or 3.10% of total imports; of which imports from ECOWAS countries amounted to ₦77.10 billion or 0.46% of total imports. 

  • Why crude oil production should resume in Ogoniland

    Why crude oil production should resume in Ogoniland

    By Tekena Amieyeofori

    Shell Petroleum Development Company (SPDC) extracted crude oil from Ogoniland from 1958 to 1993, raking in billions of petrodollars at the expense of indigenous oil-producing communities.

    When SPDC finally pulled out of Ogoniland in 1993—at the height of the Ogoni non-violent struggle in 1993- thousands of spill incidents had occurred in various locations. 

    According to a recent ALJAZEERA report, more than two million barrels of spilled crude contaminated arable lands and fresh water from approximately 3,000 oil spill incidents between 1976 and 1991. 

    The outcome of what has been generally deplored as ecological genocide sent many to their early graves, following increased incidence of terminal illnesses and livelihood losses in the dark days of SPDC’s operation in Ogoniland.

    Many developments during the course of oil-induced conflict in Ogoniland point to the fact that SPDC had its way because it was dealing with a rentier state that was interested more in collecting royalties than the health of the environment and its citizens. 

    This is evident in the trumped up charges brought against the Ogoni nine (led by Ken Saro-Wiwa) and their subsequent extrajudicial execution under the military junta of the late General Sani Abacha on November 10, 1995. 

    Despite having devastated Ogoniland as a result of its irresponsible approach to crude oil mining, SPDC had the audacity to apply for renewal of its mining license, a request which the Movement for the Survival of Ogoni People (MOSOP) vehemently opposed on July 3, 2018.

    Over the years, Ogoni oil fields have held an allure for treasure hunters like SPDC for obvious reasons. Ogoniland accounts for most of the oil fields in OML 11 which ranks among the most lucrative oil blocks in Nigeria’s Niger Delta region.

    The Ogoni oil fields also extend to OML 2 which is another economically vibrant oil block to be reckoned with in Nigeria’s oil belt. 

    In a 2019 report, the Guardian observed that the Ogoni oil fields were producing 130,000 barrels of crude oil daily as far back as May, 1993. The implication is that Ogoniland remains a crucial factor in Nigeria’s economic survival.

    One thinks, if truth be told, the Ogoni people’s resolution to shut in oil fields domiciled in their communities was the right course of action taken to save lives at the time. However, it is now out of place to continue to resist resumption of oil and gas production in the wake of SPDC’s ouster in 1993. 

    As a matter of fact, the outright rejection of every other operator suggests that there are no responsible corporate citizens in the petroleum industry, whether local or international. Moreover, the obstinate resistance to the reopening of the Ogoni oil fields is akin to biting one’s nose to spite one’s face. 

    For all its vast endowments in human and natural resources, Ogoniland remains largely backward in virtually all indices of development. Without a shadow of doubt, recommencement of oil and gas production will do Ogoni people more good than harm in the current political dispensation. 

    Firstly, resumption of oil production will generate more revenues both for the central government and subnational governments that directly interface with the people. The immediate benefit of increased revenues will be improved infrastructure to drive sustainable development. 

    For instance, additional revenues could be used to fund projects like roads, bridges, schools and hospitals that are in acute short supply in Ogoniland. Secondly, resumption of oil production will generate employment for the growing army of jobless youths, most of whom are currently operating in illegal economic spaces to eke out a living. Naturally, employment generation would reduce poverty, as the income earning population is expected to increase and fend not only for themselves, but also their dependents.

    Perhaps one should add that the fixation of a tiny band of Ogonis with a perpetual closure of the Ogoni oil fields offends the sensibilities of other oil-producing communities in the Niger Delta, who despite been visited with same ill fate of environmental pollution, have kept their oil fields open for production, providing economic resources from which the Ogoni people have benefited over the years. 

    Furthermore, it is important to note that the Ogoni Question has received, by far, more attention than the collective misery of their neighbours in the Niger Delta, both locally and internationally. 

    Fortunately, this attention has resulted in the establishment of the Hydrocarbon Pollution Remediation Project (HYPREP) which has the mandate to oversee the Ogoni cleanup project and restore lost livelihoods in communities. Whether or not HYPREP is living up to expectation is another kettle of fish; its presence alone gives the Ogoni people a sense of restorative justice that the rest of the Niger Delta anticipates. 

    One would have expected the naysayers to demonstrate a spirit of solidarity with their kith and kin in Ogoniland and their neighbours in the Niger Delta to critically examine the pros and cons of resumed oil and gas production and make an informed decision that benefits all stakeholders. 

    From all indications, the few minority opposed to resumed oil and gas production in Ogoniland are living in the past, thinking that it is still business as usual in the petroleum industry whose operations have undergone significant reforms with the enactment of the Petroleum Industry Act (PIA) 2021.

    Unlike in the past when there was paucity of legislations to drive good corporate governance in the petroleum industry, the PIA has unbundled the behemoth previously known as the Nigerian National Petroleum Corporation (NNPC), creating a new regulatory framework for the upstream, midstream and downstream sectors to function efficiently with a view to making the industry more attractive to investors.

    In the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in its 2024 oil licensing round, insists that successful bidders must demonstrate capacity for compliance with environmental sustainability and development of host communities as a prerequisite to qualify for award of an oil block. 

    Ordinarily, this development should give opponents of crude oil and gas production in Ogoniland cause to shift from their rather obstinate position that is completely at variance with the wish of the generality of Ogoni people.

    Since Nigeria’s transition to democratic governance in 1999, successive governments have made unsuccessful attempts to convince Ogoni people to accept proposals for recommencement of oil and gas production in their land. Fortunately, a positive outcome of negotiations with the people has been implementation of the Ogoni cleanup project which President Bola Tinubu inherited when he came to power in May 2023. 

    But unlike previous governments that proposed the building of military barracks, correctional centre and cemetery, in Ogoniland, the government of President Tinubu has approved the establishment of a University of Environment and Technology to be sited in one of the world’s most ecologically devastated communities. 

    Hopefully, the proposed university will provide the much-needed support for the cleanup project when it finally comes on stream.

    Moreover, it will complement the socioeconomic benefits of resumed oil production highlighted above, and open up the entire Ogoniland for rapid development.

    Read Also: Why crude oil production should resume in Ogoniland

    Feeling the pulse of the Ogoni people, most of them are in support of resumed crude oil and gas production under the administration of President Tinubu, a disposition that is attributable to Mr. President’s demonstration of openness and honesty in his engagements with the people. It goes without saying that prospects for an enduring reconciliation and resumption of crude oil and gas production in Ogoniland are quite bright.

    As a precondition for lasting peace, however, the teeming supporters of President Tinubu and his laudable plan for the transformation of Ogoniland demand exoneration for the Ogoni nine who were brutally murdered for demanding their rights. 

    The people also demand that a panel of enquiry be set up to investigate the killing of the Ogoni four and others who lost their lives at the height of military repression in Ogoniland.

    For a president who stood up against military dictatorship in the 1990s, the same time the Ogoni martyrs rose in defence of their motherland, it would beat one’s imagination to see a different Asiwaju Tinubu treating the Ogoni Question with levity. 

    To cut a long story short, the Ogoni people, Rivers State and the Federal Government are in dire need of resumed oil and gas production in Ogoniland. But the beneficiary of the anticipated recommencement of production must be a more responsible corporate citizen with a proven capacity to heal old wounds.

    Dr. Tekena Amieyeofori, Journalist and Conflict Scholar, can be reached via tekena4real@gmail.com

  • Court orders arrest of General Hydrocarbons’ crude oil cargo over dispute with FBN

    Court orders arrest of General Hydrocarbons’ crude oil cargo over dispute with FBN

    The Federal High Court in Port Harcourt has granted an order to arrest and detain the crude oil cargo on board the Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni belonging to General Hydrocarbons Ltd (GHL).

    Justice E. A. Obile made the order based on an application by First Bank of Nigeria Ltd.

    The defendants are GHL, the cargo of crude oil on board FPSO Tamara Tokoni, its owners/operators and the master of the vessel.

    GHL is an oil exploration firm owned by Mr Nduka Obaigbena, Chairman of Arise TV and publisher of ThisDay Newspapers.

    First Bank and Obaigbena are embroiled in a legal dispute over an alleged $225million transaction.

    Premium Times, an online newspaper, reported yesterday that based on the order, FPSO Vessel Tamara Tokoni was arrested by the Navy.

    The newspaper said the arrest was made in the early hours of yesterday on the high sea.

    The bank had obtained a Mareva injunction from the Federal High Court in Lagos restraining all banks in Nigeria from releasing funds to GHL and its directors Obaigbena, Efe Damilola Obaigbena and Olabisi Eka Obaigbena.

    In the latest order dated January 9, a copy of which our reporter obtained yesterday, Justice Obile held: “That order is granted arresting and/or attaching and/or liening the entire cargo of crude oil on board the Floating Production Storage and Offloading (FSPO) vessel Tamara Tokoni presently located at Rivers State or wherever she may be found within the jurisdiction of this Honourable Court pending the provision of a satisfactory guarantee from a first class Nigerian bank in the sum of $19,752,304.84 plus interest and costs by the said defendants to secure the plaintiff’s claim herein, until this Honourable Court otherwise orders.”

    A lien is the right to keep possession of property belonging to another person until a debt owed by that person is discharged.

    The court mandated the Navy, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Harbour Master of the Nigerian Ports Authority (NPA) to enforce the order.

    Justice Obile added: “That order is made directing officers of the Nigerian Navy, NUPRC, NIMASA, Harbour Master of the Nigeria Ports Authority to render necessary assistance to the Admiralty Marshall of this Honourable Court in giving effect to the order of arrest of the second defendant (crude cargo) in order to secure same and also take other steps including the provision of regular patrols and surveillance around her to prevent the first defendant (General Hydrocarbons) from dissipation until the order of this court has been complied with in respect of the arrest of the second defendant.”

    The court adjourned the suit, numbered FHC/PH/CS/02/2025, until February 10 for mention.

    The court’s Deputy Chief Registrar, Naanlang Dashe, also issued a notice of arrest.

    It reads: “The above-named cargo, being in custody or possession of the Admiralty Marshall by virtue of a warrant from the Federal High Court, Port Harcourt, all persons are hereby cautioned not to attempt to remove same or interfere therewith without the authority in writing of the said Marshall or his substitutes, otherwise they will be immediately proceeded against.”

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    The warrant of arrest and detention states that the cargo of crude oil “currently located at Rivers State or any port within Nigeria territorial waters is about to leave Nigeria outside the jurisdiction of the court.”

    It adds: “This is, therefore, to require and order you forthwith to arrest and detain the said cargo of crude oil on board the FPSO Vessel Tamara Tokoni and keep same under detention until you shall receive further orders from the court.”

    FirstBank said it extended several credit facilities to GHL for the development of some oil mining lease assets.

    The bank said while it diligently performed its obligations under the loan agreements, GHL allegedly breached them and diverted proceeds.

    However, GHL denied owing First Bank and accused it of abusing the court process, which the bank dismissed.

    The company said it signed the agreement believing and trusting that FirstBank would comply with its obligations to fund OML 120, “but it has clearly not done so”.

  • Naval intercepts 100,000 litres of stolen crude oil

    Naval intercepts 100,000 litres of stolen crude oil

    • Illegal refineries dismantled

    About 100,000 litres of crude oil have been recovered by officers of the Nigerian Navy at the Nigerian Navy Ship (NNS), Jubilee in Ikot Abasi Local Government Area (LGA), Akwa Ibom State.

    The Commander, NNS Jubilee, Commodore Martins Fakrogha, broke the news yesterday.

    He said a large “Cotonou boat” was sighted about 23.9 nautical miles seaward of Imo River entrance. The boat was abandoned by the crude oil thieves upon spotting a Private Maritime Logistics Support Company (PMLSC) boat carrying Nigerian Navy personnel. Items recovered apart from the oil were 12 Gee Pee tanks, three service tanks, four submersible pumps and three outboard engines.

    Also, operatives attached to the Forward Operating Base, Igbokoda have dismantled nine interlinked illegal refining sites (IRS) with five active reservoirs at Obe-Nla Riverine Community in Ilaje, Ondo State.

    The personnel recovered about 20,000 litres of crude oil, 1,400 litres of illegal refined Automotive Gas Oil (AGO), pumping machines, and local fabricated boats, a statement by Director, Naval Information (DINFO), Commodore Aiwuyor Adams-Aliu, said yesterday.

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    He said operatives deployed from Delta Sanity II, an anti-crude oil theft operation, also discovered an illegal refining site around Igbomotoru, Bayelsa State with large quantity of stolen crude oil.

    He said these operations in the first week of the year reinforced the Navy’s resolve to eradicate crude oil theft.

    “The Chief of the Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla hereby reiterates that the NN will continue to work assiduously to eradicate maritime crimes in Nigerian waters. Furthermore, perpetrators of oil-theft are hereby warned to desist from all illegal activities as the NN will soon introduce armed attack drones to foil their operations,” he said.

  • Navy targets 2 million barrels daily crude oil production by month-end 

    Navy targets 2 million barrels daily crude oil production by month-end 

    …clears Nigeria waterways of sea pirates

    The Nigerian Navy has pledged to boost daily crude oil production from its current 1.8 million barrels to 2 million barrels by the end of the month.

    Commodore Cajethan Aniaku, Commander of the Nigerian Navy Ship (NNS) Pathfinder, revealed this during the command’s fourth quarterly route march in Port Harcourt, Rivers State.

    Aniaku reaffirmed the Naval High Command’s commitment to combating illegal oil bunkering, protecting offshore oil facilities, and safeguarding critical maritime economic assets. 

    He expressed confidence that ongoing efforts would achieve the 2 million barrels target before the year’s close.

    According to him, the Navy’s ongoing operations have contributed to a recent surge in daily crude oil production, which now stands at 1.8 million barrels per day.

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     “This exercise is designed to keep our personnel physically fit and motivated to carry out their duties effectively,” Aniaku said. 

    “Our current efforts have contributed significantly to increasing crude oil production to 1.8 million barrels per day. With sustained commitment, we are optimistic about achieving the target of 2 million barrels per day by the end of the year.”

    On the route march, Aniaku said the march which involved an 8-kilometer march, is part of the Nigerian Navy’s broader strategy to maintain operational readiness and enhance the efficiency and physical fitness of its personnel. 

    He noted that the initiative, spearheaded by the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, aligns with the Navy’s mandate of securing Nigeria’s maritime domain, which is vital to achieving economic stability through the protection of the oil and gas sector.

    The Naval Chief noted that their operational success has been instrumental in restoring investor confidence in the Nigerian oil sector, which has faced significant challenges from oil theft, pipeline vandalism, and piracy.

  • 1.8mbpd crude oil, 7.4b scfd gas production excites stakeholders

    1.8mbpd crude oil, 7.4b scfd gas production excites stakeholders

    Stakeholders are excited by the 1.8 million barrel per day (mbpd) crude oil and the 7.4 billion standard cubic feet per day (7.4bscfd) of gas production announced on Thursday by the Nigerian National Petroleum Company Limited (NNPCL).

    This is as Tantita Security Services Nigeria Limited (TSSNL), a private security outfit engaged by the Federal Government to protect oil pipeline and other facilities restated commitment to ensuring the production of the over 2mbpd.

    Stakeholders hailed NNPCL the feat which they noted wa aided by the private security agencies hired to safeguard the nation’s economic assets.

    Tantita has lately led a relentless war against crude oil theft and pipelines’ vandalism, pursuing oil thieves out of the nation’s coastal environment as well as seizing and confiscating their equipment.

    It was gathered that most of the oil thieves abandoned the nefarious business in the wake of the onslaught and ceaseless heat by the operatives of Tantita security services positioned in the coastal axis of the Niger Delta.

    These collaborative efforts with other state actors significantly contributed to the latest rise in the quantum of production of crude and gas resources.

    It was gathered that Tantita has initiated clampdown measures to keep the oil thieves at bay with a view to realising 2million bpd of crude oil production by the end of December, in conjuction with other industry stakeholders.

    NNPCL’s Group Chief Executive Officer (GCEO), who announced this at a press briefing on Thursday, said the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu.

    Kyari congratulated the Production War Room Team that anchored the production recovery process.

    “The team has done a great job in driving this project of not just production recovery but also escalating production to expected levels that are in the short and long terms acceptable to our shareholders based on the mandates that we have from the President, the Honourable Minister, and the Board,” Kyari stated.

    Giving details of the efforts of the Production War Room, the Chief War Room Coordinator and Senior Business Adviser to the Group Chief Executive Officer, Mr Lawal Musa, said the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.

    He said the interventions that led to the recovery of production cut across every segment of the production chain, with security agencies closely monitoring the pipelines.

    He stressed that when the Production War Room team was inaugurated on the 25th of June 2024, production was at 1.430 mbpd.

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    He noted that the team swung into action, culminating in it sustaining the production recovery to 1.7 mbpd in August and hitting the current 1.808 mbpd in November.

    “We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2MBPD by the end of the year,” he added.

    It will be recalled that the Chairman of TSSNL, Chief Government Ekpemupolo, alias Tompolo,
    while speaking during an award bestowed on him by the national leadership of the Nigeria Union of Journalists (NUJ), promised to ensure that the daily crude oil production output continued to increase and boost the nation’s revenue.

    “The only place I have to call my country is Nigeria, so I will do everything within my powers to see that crude oil production increases.”

    Reacting to the latest feat yesterday, Tompolo, said he was excited to be part of the success story.

    Tompolo, who spoke through his Special Adviser Media and Public Communication, Mr. Paul Bebenimibo, said Tantita was committed to the realisation of 2mbp by December as directed by President Tinubu.

    He said, “This milestone, as you know, was achieved in collaboration with NNPCL, security forces and of course, Tantita, which has been at the forefront of oil pipelines protection in the Niger Delta . We are determined to take it to 2mbpd before the year runs out as directed by President Bola Ahmed Tinubu.”

    “All the needed machinery has been put in place to ensure that the target is achieved. No effort will be spared to ensure that the economy of Nigeria is galvanised.”
    “This will lead to a boost in government’s revenue, thereby making more funds available for the President and his team to run the country effectively. I am assuring you that we are not going to rest on our oars until the target is achieved and even exceeded.”

    “New technologies were being deployed to monitor the facilities with a view to ensuring that there won’t be any disruption and that the theft of Nigeria’s commonwealth is halted.”

    “So the 1.8mbpd that it has got to, certainly by the end of the year, by God’s grace, we will work to get it to 2mbpd and even exceed. We are working towards that,”

  • Navy arrests suspects with stolen crude oil worth N32m

    Navy arrests suspects with stolen crude oil worth N32m

    The Nigerian Navy Forward Operating Base, FOB, Ibaka has arrested three suspected oil thieves carrying a boat containing crude oil worth N32 million in Akwa Ibom State.

    The Commanding Officer of the Base, Captain Uche Aneke, said this while handing over the suspects and seized items to the Economic and Financial Crime Commission (EFCC), Akwa Ibom Command yesterday at Ibaka.

    Aneke said the suspects were arrested on Tuesday, at about 09:05 am following an intelligence report about the activities of suspected criminals involved in crude oil theft within the Navy’s area of operations.

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     “With the necessary support of FOB Ibaka, the Tantita team intercepted and arrested the suspected criminals with a wooden boat discovered to be laden with about 60,000 litres of product suspected to be stolen crude oil. Other items recovered from the suspects included outboard engines and a pumping machine. Notably, at the time of arrest, the wooden boat had a total of three crew members (all Nigerians).

    “The vessel was discovered to have 11 Geepee tanks which were loaded with about 60,000 litres of suspected stolen crude oil, the product was overloaded from offshore Ibeno in Akwa Ibom,” Aneke said.