Nigeria's Oil production is set to reach 2.68 million barrels per day

Nigeria's Oil production is set to reach 2.68 million barrels per day

Oil production is set to reach 2.68 million barrels per day ‘within weeks’, up from the current level of 2.5mbpd, according to Petroleum Resources Minister Diezani Alison-Madueke. The local media on Wednesday quoted the minister as saying the increase would come from the 180,000 bpd Total-operated Usan deep water field, which is expected to commence operations in a couple of weeks.
“Our current production, including crude oil and condensate, now stands at 2.5 million barrels per day as against 2.39 million barrels per day which was recorded last year,’ the minister was quoted as saying at the ongoing 2012 Nigeria Oil and Gas conference in the capital city of Abuja. ‘In a few weeks from now, we hope to add 180,000bpd to our production when the Usan deep water field comes on stream,” she said. Nigeria’s oil production, which was cut by as much as 25% at the height of the militancy that plagued the oil producing Niger Delta region, has been on the upward swing since 2009, when the government’s amnesty programme helped tame the militancy.

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