• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

NNPC makes giant stride, targets 1.8mbpd production

The Matters Press by The Matters Press
November 22, 2021
Reading Time: 2 mins read
0
Stable petrol supply excites Buhari

Petrol tankers

Petrol tankers

The Group Managing Director (GMD)/Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, Malam Mele Kyari, started his weekly activities with an interview with Bloomberg TV in Abu Dhabi, the United Arab Emirates (UAE).

RELATED POSTS

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

‎IMPI revises inflation rate projection to 14% from 17% for December

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Kyari said in the interview that Nigeria would ramp up oil production to 1.8 million barrels per day by the end of 2021, as against the 1.45 million BOPD in September.

He noted that in spite of this projection, Nigeria could easily attain its maximum crude oil production capacity of 2.5 million barrels per day with the combined production of crude and condensates.

Kyari said: “It is obvious that by the close of the year we will get back to the 1.7m-1.8m barrels per day of crude only; as you may be aware, when we mention these figures, I am talking about crude oil only.”

He said that at the height of the COVID-19 pandemic, Nigeria shut down some of its wells and were yet to get back to their full production capacities.

Kyari, however, said the NNPC was assiduously working towards bringing the facilities back to optimal production before the end of the year.

The GMD further explained that the COVID-19 pandemic and the lack of clarity in the sector led to drought in investment in the Nigerian oil sector.

This situation, he said had been corrected with the newly enacted Petroleum Industry Act (PIA) 2021 which provided ample investment opportunities in the Nigerian Oil and Gas Industry.

Also in the week, the NNPC Limited called on the Nigerian Association of Petroleum Explorationists (NAPE) and other stakeholders in the petroleum industry to focus on developing home-grown technology solutions that can improve performance and reduce carbon footprint in oil and gas operations.

Kyari, gave the charge in a virtual goodwill message to the 39th NAPE Annual International Conference & Exhibition with the theme – Petroleum Exploration and Production in a new World: What Next After the Global Crisis?

Kyari said it had become imperative for the industry in Nigeria to embrace the new realities of the post COVID-19 operating environment.

This, he said can be achieved by improving on technology beyond the traditional seismic way of exploration in a manner that would support the Federal Government in its climate change mitigation measures.

He stated that one of the key challenges to the campaign for reduced greenhouse gas emissions was the issue of energy poverty which was the basis for President Muhammadu Buhari’s advocacy for energy justice at the just concluded COP26 Climate Change Conference in Glasgow, Scotland.

Kyari said that while he agree that the country should transit to a net-zero carbon situation by year 2060, he also said it was necessary to create a balance by providing the right technology and finances to enable less developed countries bridge the gap and make their own transition at a convenient pace.

On the PIA, the NNPC boss said that the new oil reform legislation offered refreshing opportunities especially in the deep-water, noting that Nigeria’s reservoirs were not as complex as elsewhere in the world.

He therefore called on NAPE to innovate and ensure that the country reaps bountifully from its exploration activities.

He said the country would be relying on professional support from organisations like NAPE to achieve the desired aspirations in this regard, while noting that focus must be on creating the capabilities and capacities that can sustain resilience in navigating new industry realities.

Tags: NNPC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI revises inflation rate projection to 14% from 17% for December

October 22, 2025
CSOs give  thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria
Agriculture

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

October 22, 2025
Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Next Post
We are seeking international expertise to halt Nembe spill — Aiteo

We are seeking international expertise to halt Nembe spill — Aiteo

Vulnerable Nigerian farmers to get $1m grant

Agriculture critical to food production, economic growth – Minister

Recommended Stories

FG achieves economic growth in spite of global shocks – Minister

Economic growth in Sub-Saharan Africa to drop by 3.3% in 2023 – IMF

October 12, 2023
Experts seek implementation of economic development plans

Expert pushes for reforms to address declining economic sectors

November 28, 2022
Africa-Europe Alliance presents progress report

Africa requires huge energy to drive development- Buhari

June 1, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria
  • ‎IMPI revises inflation rate projection to 14% from 17% for December
  • CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us