THE NATION
The Nigerian National Petroleum Company Limited (NNPCL) has said there is no disparity between its crude oil production figure and that of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Chief Corporate Communications Officer, Olufemi Soneye disclosed this in a press statement on Monday.
He said: “The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that there is no discrepancy between its crude oil production figures and those supplied by the regulatory agency, the Nigerian Upstream Petroleum Regulatory Company (NUPRC).”
The Company gave the clarification against the backdrop of reports in a section of the media that the 1.54 million barrels per day (mbpd) for September cited by the NUPRC was far below the 1.8mbpd for November cited by the NNPC Ltd.
Soneye said the seeming disparity is a result of the difference in the period of coverage in the reports – whereas the NNPC Ltd.’s figure was the peak production for October 2024, the NUPRC’s figure was the average production for September 2024.
This fact was confirmed by the Chief Executive Officer of NUPRC, Mr. Gbenga
Komolafe, at the recent 42nd Nigerian Association of Petroleum Explorationists Annual International Conference & Exhibition in Lagos where he disclosed that Nigeria’s crude oil output, including condensate, increased by 16.56 percent to 1.8mbpd million in October 2024, from 1.54 million bpd in September 2024.
