Tuesday 13 January 2015

‘NIGERIA’S OIL PRODUCTION MAY RISE BY 297,000BPD IN TWO YEARS’

oilBarring any unforeseen circumstance, Nigeria’s oil production capacity may increase by about 297,000 barrels per day (bpd) between now and 2017, going by indications from the Nigerian National Petroleum Corporation (NNPC).

The nation, which at present produces about 2,037 million barrels per day (bpd), is expected to get additional 40,000bpd in 2015, 57,000bpd in 2016 and 200,000bpd in 2017 (totalling 297,000bpd) from new projects from the oil multinationals like ExxonMobil and Total.

Read more @ The Guardian

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