While speaking at the sixth Sustainability in the Extractive Industries’ (SITEI) conference in Abuja, yesterday, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, while speaking at the sixth said that Nigeria’s crude oil production has risen to 2.2million barrel per day.
Baru, who was represented by the Corporation’s Chief Operating Officer, Oil and Power, Mr. Mohammed Saidu, said Nigeria intends building the country’s oil reserve to about 2.5mb/d and its subsidiary; the Nigerian Petroleum Development Company (NPDC), has already transformed its production from 15,000mb/d to 210,000mb/d.
He also attributed the increase in production to the peace in the Niger Delta. He said the calmness in the Niger Delta, and renewed efforts in the Northeast, are indications that the oil firm has renewed its strength for building oil reserves.
He also added that the NNPC has identified seven critical gas projects in order to enhance power supply and stimulate industrial growth.