Regulator: Nigeria's April Oil Production Below 1 MMbpd
(Reuters) — Nigeria's oil production fell below 1 million barrels per day (bpd) in April, its lowest level in seven months, data from the petroleum regulator showed on Thursday, after a strike at Exxon Mobil's local units hit the country's output.
Oil production fell to 998,602 bpd after averaging 1.28 million bpd in the first three months of the year, the Nigerian Upstream Petroleum Regulatory Commission's latest figures for April showed.
Nigeria, which has capacity to produce 2.2 million bpd of oil, has struggled to fulfil its OPEC quota of 1.8 million due to crude theft, vandalism of pipelines and a lack of new investment in the sector.
Total oil and condensate production for April was also down at 1.25 million bpd from 1.52 million bpd in March.
The government has assumed oil production of 1.69 million bpd in this year's budget.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
Comments