Peter Uzoho
Nigeria’s first marginal oil field, Ogbele field, owned by the Niger Delta Exploration and Production (NDEP) Plc has produced 20 million barrels of oil and 95 billion standard cubic feet of gas in its 15 years production.
The NDEP disclosed this at its 26th annual general meeting (AGM) held virtually recently, where it celebrated its 15th anniversary since the oil production at the Ogbele field.
The company said the achievements were recorded despite the negative impact of the COVID-19 pandemic on oil companies last year.
The latest production performance disclosed by the NDEP, whose upstream subsidiary, Niger Delta Petroleum Resources (NDPR) Limited is the operator of the field, showed that the company increased production at the field by one million barrels of oil and five billion scf of gas in 2020, from the cumulative 19 million barrels and 90scf reported in 2019.
02/20/2021 | Press release | Distributed by Public on 02/20/2021 12:31
Local content: DPR counsels Nigerians to invest in oil and gas production
Mr Auwal Sarki, the Director, Department of Petroleum Resource (DPR), has urged Nigerians to invest in the downstream oil and gas sector to boost the country s crude oil production capacity.
He made the remark in Ogbele community, Ahoada East Local Government Area of Rivers, at a meeting with the management of ND Petroleum Resources, a private sector investor in oil and gas in the area.
Sarki said that DPR was on an Executive Management facility visit to the privately-owned Nigerian company to ascertain its production, refining and distribution capacity.