Sun: Nigeria targets additional 40,000bpd by Q4 2015
Despite tumbling of crude oil prices in the international market, Nigeria is targeting an additional 40,000 barrels of crude oil per day (bopd), the Nigerian National Petroleum Corporation (NNPC) has said.
The 40,000bpd, according to the Group General Manager of National Petroleum Investment Management Service (NAPIMS), a subsidiary of NNPC, Mr. Jonathan Okehs, is expected from fresh project from oil multinational, Total.
Okeh, in a new year message to members of staff obtained from the company’s website, equally stated that 57,000bpd is expected in 2016 and another 200,000bpd in 2017 is being expected from additional new projects.
The NAPIMS boss said despite the dire security situation in the Chad Basin area, NAPIMS, through Frontier Exploration Services (FES), has continued to explore the frontier areas of Nigeria to increase oil and gas reserves.
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