SPDC’s oil production hits 514,000 bpd – Report
The Shell Petroleum Development Company (SPDC) says it has grown its oil
output to an average of 514,000 barrels per day (bpd) and developed
additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed
the production data in the oil firm’s 2020 briefing on Wednesday in
Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its
production rose more than 10 per cent to 514,000 barrels of oil
equivalent per day (boe/d) due to enhanced exploration and production
activities.
On gas production, the SPDC stated it fed the domestic market and to the
export market through the Nigeria Liquified Natural Gas (NLNG) plant,
adding that it supplied approximately 50 per cent of the NLNG plant
capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers
comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and
Rivers.
According to the publication, gas production from Soku facility
increased from 100 Million standard cubit feet per day (MMscf/d) in 2018
to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to addition of
106 producing wells within its oil blocks in the Niger Delta.
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The oil firm said that within the period under review, the Trans Ramos
Pipeline which conveyed crude to its Focados oil export terminal was
re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak
production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and
operated a leased area of 31,000 square kilometres from which it
produced while working to increase capability by investing in
exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting 97
land, 181 west and 62 central assets, 56 producing gas wells (10 land,
three west and 43 central assets).
A network of approximately 4,000 km of oil and gas pipelines and flow
lines.
“The assets include 10 gas plants, two major oil export terminals,
Bonny and Focados and an additional export facility a shallow water
Floating Production Storage and Offloading Vessel christened `Sea
Eagle’ currently stationed off Bayelsa coastline, One power plant,”
the publication said.SPDC’s oil production hits 514,000 bpd – Report
The Shell Petroleum Development Company (SPDC) says it has grown its oil
output to an average of 514,000 barrels per day (bpd) and developed
additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed
the production data in the oil firm’s 2020 briefing on Wednesday in
Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its
production rose more than 10 per cent to 514,000 barrels of oil
equivalent per day (boe/d) due to enhanced exploration and production
activities.
On gas production, the SPDC stated it fed the domestic market and to the
export market through the Nigeria Liquified Natural Gas (NLNG) plant,
adding that it supplied approximately 50 per cent of the NLNG plant
capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers
comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and
Rivers.
According to the publication, gas production from Soku facility
increased from 100 Million standard cubit feet per day (MMscf/d) in 2018
to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to addition of
106 producing wells within its oil blocks in the Niger Delta.
The oil firm said that within the period under review, the Trans Ramos
Pipeline which conveyed crude to its Focados oil export terminal was
re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak
production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and
operated a leased area of 31,000 square kilometres from which it
produced while working to increase capability by investing in
exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting 97
land, 181 west and 62 central assets, 56 producing gas wells (10 land,
three west and 43 central assets).
A network of approximately 4,000 km of oil and gas pipelines and flow
lines.
“The assets include 10 gas plants, two major oil export terminals,
Bonny and Focados and an additional export facility a shallow water
Floating Production Storage and Offloading Vessel christened `Sea
Eagle’ currently stationed off Bayelsa coastline, One power plant,”
the publication said.SPDC’s oil production hits 514,000 bpd – Report
The Shell Petroleum Development Company (SPDC) says it has grown its oil
output to an average of 514,000 barrels per day (bpd) and developed
additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed
the production data in the oil firm’s 2020 briefing on Wednesday in
Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its
production rose more than 10 per cent to 514,000 barrels of oil
equivalent per day (boe/d) due to enhanced exploration and production
activities.
On gas production, the SPDC stated it fed the domestic market and to the
export market through the Nigeria Liquified Natural Gas (NLNG) plant,
adding that it supplied approximately 50 per cent of the NLNG plant
capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers
comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and
Rivers.
According to the publication, gas production from Soku facility
increased from 100 Million standard cubit feet per day (MMscf/d) in 2018
to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to addition of
106 producing wells within its oil blocks in the Niger Delta.
The oil firm said that within the period under review, the Trans Ramos
Pipeline which conveyed crude to its Focados oil export terminal was
re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak
production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and
operated a leased area of 31,000 square kilometres from which it
produced while working to increase capability by investing in
exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting 97
land, 181 west and 62 central assets, 56 producing gas wells (10 land,
three west and 43 central assets).
A network of approximately 4,000 km of oil and gas pipelines and flow
lines.
“The assets include 10 gas plants, two major oil export terminals,
Bonny and Focados and an additional export facility a shallow water
Floating Production Storage and Offloading Vessel christened `Sea
Eagle’ currently stationed off Bayelsa coastline, One power plant,”
the publication said.SPDC’s oil production hits 514,000 bpd – Report
The Shell Petroleum Development Company (SPDC) says it has grown its oil
output to an average of 514,000 barrels per day (bpd) and developed
additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed
the production data in the oil firm’s 2020 briefing on Wednesday in
Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its
production rose more than 10 per cent to 514,000 barrels of oil
equivalent per day (boe/d) due to enhanced exploration and production
activities.
On gas production, the SPDC stated it fed the domestic market and to the
export market through the Nigeria Liquified Natural Gas (NLNG) plant,
adding that it supplied approximately 50 per cent of the NLNG plant
capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers
comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and
Rivers.
According to the publication, gas production from Soku facility
increased from 100 Million standard cubit feet per day (MMscf/d) in 2018
to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to addition of
106 producing wells within its oil blocks in the Niger Delta.
The oil firm said that within the period under review, the Trans Ramos
Pipeline which conveyed crude to its Focados oil export terminal was
re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak
production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and
operated a leased area of 31,000 square kilometres from which it
produced while working to increase capability by investing in
exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting 97
land, 181 west and 62 central assets, 56 producing gas wells (10 land,
three west and 43 central assets).
A network of approximately 4,000 km of oil and gas pipelines and flow
lines.
“The assets include 10 gas plants, two major oil export terminals,
Bonny and Focados and an additional export facility a shallow water
Floating Production Storage and Offloading Vessel christened `Sea
Eagle’ currently stationed off Bayelsa coastline, One power plant,”
the publication said.
The Shell Petroleum Development Company (SPDC) says it has grown its oil
output to an average of 514,000 barrels per day (bpd) and developed
additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed
the production data in the oil firm’s 2020 briefing on Wednesday in
Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its
production rose more than 10 per cent to 514,000 barrels of oil
equivalent per day (boe/d) due to enhanced exploration and production
activities.
On gas production, the SPDC stated it fed the domestic market and to the
export market through the Nigeria Liquified Natural Gas (NLNG) plant,
adding that it supplied approximately 50 per cent of the NLNG plant
capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers
comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and
Rivers.
According to the publication, gas production from Soku facility
increased from 100 Million standard cubit feet per day (MMscf/d) in 2018
to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to addition of
106 producing wells within its oil blocks in the Niger Delta.
The oil firm said that within the period under review, the Trans Ramos
Pipeline which conveyed crude to its Focados oil export terminal was
re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak
production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and
operated a leased area of 31,000 square kilometres from which it
produced while working to increase capability by investing in
exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting 97
land, 181 west and 62 central assets, 56 producing gas wells (10 land,
three west and 43 central assets).
A network of approximately 4,000 km of oil and gas pipelines and flow
lines.
“The assets include 10 gas plants, two major oil export terminals,
Bonny and Focados and an additional export facility a shallow water
Floating Production Storage and Offloading Vessel christened `Sea
Eagle’ currently stationed off Bayelsa coastline, One power plant,”
the publication said.
SPDC’s oil production hits 514,000 bpd – Report
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