NPDC TARGETS 500,000 BPD OIL PRODUCTIONS IN 2020 – REPORT

Written by on September 1, 2020

THE NIGERIAN NATIONAL PETROLEUM CORPORATION SAYS ITS SUBSIDIARY, NIGERIAN PETROLEUM DEVELOPMENT COMPANY, IS TARGETING OIL PRODUCTION OF 500,000 BARREL PER DAY WITHIN THE NEXT TWO YEARS.

THE CORPORATION DISCLOSED THIS IN ITS DECEMBER MONTHLY FINANCIAL AND OPERATIONS REPORT RELEASED IN ABUJA ON SUNDAY.

IT SAID THE NPDC RECENTLY HAD AVERAGE WEEKLY PRODUCTION OF 332,000 BPD, WHICH WAS THE MAIN DRIVER OF THE POSITIVE OUTLOOK FOR THE CORPORATION.

IT SAID: “NNPC POSTED TRADING SURPLUS OF ₦12.13 BILLION IN DECEMBER LAST YEAR, A LEAP FROM RECENT PAST PERFORMANCES.


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