According to the Nigerian FG, Oil Companies will resume Full Production.

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Due to widespread pipeline vandalism and criminal oil theft in the Niger Delta region, major crude oil producers in Nigeria have drastically reduced their output.

However, senior government officials claim that in recent months, the increased security surveillance along the main crude oil corridors has contributed to an increase in oil production from roughly 900,000 barrels per day in September to between 1.4 and 1.6 million barrels per day in December.

”We will keep working to establish stability and foster confidence so that everyone can return to the field and perform to the best of their abilities”.

He claimed that the Federal Government was making efforts to reach its maximum daily crude oil production capacity of up to three million barrels.

The Head, Sub-Saharan Africa Region, Eni SpA, Mario Bello, said that the renewed confidence in the Federal Government’s efforts in restoring sanity along the major crude oil pipelines in the Niger Delta had enabled the company to increase crude oil production from a near zero production level to about 15,000 barrels per day in the last one month.

Punch

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