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.
KUALA LUMPUR, May 31 (Xinhua) Malaysia state-owned oil and gas firm Petronas said on Monday that its profit after tax for the first quarter this year rose to
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