<\/p>\n
Barely a week after the Pipeline Host Ethnic Nationality Leaders (PHENL) hosted a world conference to express their satisfaction with the operations of Pipeline Infrastructure Nigeria Ltd (PINL) along the Eastern Corridor of the Trans Niger Pipeline, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production crossed the 1.8 million barrels per day (MMBOPD) mark in the month of July.<\/p>\n
Recall that the Host Ethnic Nationality Leaders had urged the Federal Government and relevant agencies to retain the pipeline surveillance contract awarded to PINL, adding, among other things, that the company\u2019s has contributed immensely to increased production of crude oil the country has experienced in recent months.<\/p>\n
Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, announced the latest increase on Monday while addressing industry stakeholders at the Society of Petroleum Engineers (SPE) Nigerian Council.<\/p>\n
Represented by Enorense Amadasu, NUPRC\u2019s Executive Commissioner, Development and Production, the NUPRC boss also highlighted the commission\u2019s pursuit of the ‘1 MMBOPD Incremental’ project, which has recorded modest gains through a multi-stakeholder collaborative approach.<\/p>\n
Komolafe said the commission was also pursuing the project 1 \u201cMMBOPD Incremental initiative with modest gains recorded owing to the multi-stakeholder collaborative approach adopted\u201d.<\/p>\n
\u201cWe are glad to report that we crossed the 1.8 MMBOPD mark on peak production last month, with average production hovering at 1.78 MMBOPD,\u201d he said.<\/p>\n
Komolafe disclosed that since the enactment of the Petroleum Industry Act (PIA) of 2021, the commission had gazetted 21 key regulations, with others at various phases of development.<\/p>\n
\u201cThese regulations provide the clarity required to support investment, streamline administration, and align upstream operations with national and global priorities,\u201d he said.<\/p>\n
Highlighting some of the regulations, he said the upstream petroleum measurement regulations would promote transparency and accountability through technology deployment for accurate production measurement.<\/p>\n
The NUPRC boss said the gas flaring, venting, and methane emissions regulations directly support sustainability by tackling emissions and entrenching decarbonisation.<\/p>\n
He said the host community development regulations enhance social inclusion and local participation in the energy value chain.<\/p>\n
\u201cThe Domestic Gas Delivery Obligation Regulations, which improve energy access and strengthen the local supply chain,\u201d Komolafe said.<\/p>\n
\u201cThe Upstream Petroleum Safety Regulations, which ensure safe operations and workforce protection.<\/p>\n
\u201cThe Decommissioning and Abandonment Regulations set clear standards for responsible end-of-life asset management.<\/p>\n
\u201cThese instruments demonstrate our commitment to creating a regulatory environment that fosters innovation, secures long-term value, and ensures the responsible stewardship of Nigeria\u2019s upstream resources.\u201d<\/p>\n
He added that the NUPRC was also implementing core initiatives to drive positive industry actions and imperatives.<\/p>\n
He said; \u201cTo begin with, just last week, the Commission assembled industry practitioners to deliberate on a workable strategy to foster cluster development in the shallow and deepwater,\u201d he said.<\/p>\n
\u201cThrough an industry-wide implementation vehicle, we will evolve policy frameworks and operational mechanisms to valorise stranded or marginally economic oil & gas resources through joint development strategies.”<\/p>\n
As part of its commitment towards sustainable production, Komolafe said the commission is optimising the maximum efficient rate (MER) framework, \u201caddressing produced water management, and aligning operational shutdowns and turnaround maintenance schedules to reduce production disruptions.<\/p>\n
\u201cGiven the above and with the concerted efforts of all, the presidential mandate on production increase is well within reach,\u201d he said.<\/p>\n
\u201cOn another breadth, the NUPRC is implementing the Upstream Oil & Gas Decarbonisation & Sustainability Blueprint anchored on seven (7) critical pillars to signal direction for industry sustainability.\u201d<\/p>\n
The agency\u2019s approach, Komolafe said, is to future-proof the upstream sector and position it for investment attractiveness, sustained funding, and global competitiveness.<\/p>\n
\u201cWe call on all operators to collaborate with us as we incorporate decarbonisation measures in Field Development, Facility Engineering, and Production Operations to accrue the afore-mentioned benefits,\u201d he added.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Barely a week after the Pipeline Host Ethnic Nationality Leaders (PHENL) hosted a world conference to express their satisfaction with the operations of Pipeline Infrastructure Nigeria Ltd (PINL) along the Eastern Corridor of the Trans Niger Pipeline, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production crossed the 1.8<\/p>\n","protected":false},"author":1,"featured_media":11052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,34],"tags":[],"class_list":["post-17145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-headlines"],"_links":{"self":[{"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/posts\/17145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/comments?post=17145"}],"version-history":[{"count":0,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/posts\/17145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/media\/11052"}],"wp:attachment":[{"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/media?parent=17145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/categories?post=17145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deepstrataenergy.com\/phmundial\/wp-json\/wp\/v2\/tags?post=17145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}