Nigeria: Output From 13 of 29 Crude Oil Terminals Decline Drastically

0 50

13 of Nigeria’s 29 crude oil terminals record low outputs between July and September
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the production output from 13 out of Nigeria’s 29 crude oil terminals declined drastically between July and September 2022.

The falling production output is not unconnected to massive oil theft going on in the Niger Delta region. officials had described the manner of oil-stealing going on in the sector as “existential threat” to the Nigerian oil industry. 

Data, the worst-hit crude terminals, according the data are Bonny, Brass, and Forcados, which saw production output decline by 79%, 40.5%, and 96.5% during the period under review.
Of the three terminals, Forcados terminal recorded the highest loss from 3 million barrels in July to a little over 100, 000 barrels in September.

Also Read: ‘Nigeria Is Committed To Full Deregulation Of Downstream Sector’

The data said crude oil output from Bonny was 799,294 in July before declining to 749,463 in August and then 167,582 in September.  For Brass terminal, the output was 290,227 in July, 270,932 in August and 172,814 in September.

In the same vein, the production output from Forcados stood at 3,858,188 in July, 208,430 in August and 134,437 in September. 

Earlier in January 2022, the Forcados terminal produced 7,508,980 barrels, Bonny produced 3,880,351 barrels, and Brass produced 1,369,363 barrels. When compared with January report, figures for September showed a huge disparity, a situation squarely blamed on crude oil theft.

Crude oil theft has been an issue plaguing Nigeria’s oil and for decades. However, the rate of theft has increased significantly in the last few months, prompting the commissioning of the security of a former militant, Chief Government Tompolo with a N4.9billion, monthly surveillance contract 

Also Read: Ghana Looks To Nigeria’s Dangote Refinery For Rescue of Her Downstream Sector

A fortnight ago, the chief financial officer (CFO) of the Nigerian National Petroleum Company (NNPC) Ltd, Mr. Umar I. Ajiya Limited, said Nigeria loses $150 million a day from pipeline vandalism and sideline production.

The NUPRC report further showed that crude oil production in September 2022 was at 937,766 barrels per day, compared to 1.2 million barrels per day recorded the corresponding month in 2021. 

Crude production from the terminal for July 2022 was 4,811,149, 4,796,262 for August, and 4,976,836 for September.  The crude oil terminal produced 3,697,075 for July (2022), 4,184,361 for August (2022), and 3,272,962 for September (2022).

The Odudu (Amenam blend) terminal produced 2,272,260 for July (2022), 2,337,348 for August (2022) and 2,708,033 for September (2022). 

 Bonga terminal shows 2,822,521 for July (2022), 3,134,311 for August (2022) and 3,192,789 for September (2022). Egina produced 3,875,580 barrels in July (2022), 3,484,854 in August (2022) and 3,316,063 for September (2022). 

Also Read: How Indiscriminate Work Permits To Foreigners Are Fueling Youth Unemployment In Nigeria – PENGASSAN

Usan produced 1,426,818 barrels in July (2022), 1,420,202 in August (2022) and 1,274,147 in September (2022). Erha produced 2,123,907 in July (2022), 1,979,774 in August (2022) and 1,662,039 in September (2022). Yoho produced 1,067,443 barrels in July (2022), 970,559 in August (2022) and 867,274 in September (2022).

 The Tulja-Okwuibome terminal produced 1,190,108 in July (2022), 1,252,513 in August (2022) and 1,233,366 in September (2022).

The Commission said 13 of the 29 terminals/steams a decrease in crude oil production between July and September 2022, while 6 terminals showed nil data. Only 10 terminals showed an increase in crude oil production between July and September 2022.


Be the first to know when we publish an update

Leave a Reply