An international oil firm, Shell Petroleum Development Company, says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed an additional capacity to produce more.
Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, said that the production data of the oil firm’s 2020 briefing notes is available on its web portal.
According to the report, SPDC achieved the feat in 2019 when its production rose more than 10 percent to 514,000 barrels of oil equivalent per day due to enhanced exploration and production activities.
On gas production, the SPDC said it fed the domestic market and the export market through the Nigeria Liquified Natural Gas (NLNG) plant, adding that it supplied approximately 50 percent of the NLNG plant’s capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers State comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers states.
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 indicated that the improved oil output was due to the addition of 106 producing wells within its oil blocks in the Niger Delta.
SPDC stated that within the period under review, the Trans Ramos Pipeline, which conveyed crude to its Focados oil export terminal was reopened.
It further said that the Gbaran-Ubie gas plant in Yenagoa, Bayelsa State, 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 report said, “The SPDC JV’s assets include: 340 producing oil wells consisting of! 97 land, 181 west and 62 central assets, 56 producing gas wells (10 lands, three west and 43 central assets).
“A network of approximately 4,000 kilometres 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 of shallow water Floating Production Storage and Offloading Vessel christened ‘Sea Eagle’ currently stationed off Bayelsa coastlines as well as one power plant.”
