Encomiums have been pouring in for Nigerian National Petroleum Company Limited (NNPCL) and a private security outfit, Tantita Security Services Nigeria Limited (TSSNL) as the nation’s crude oil production hit 1.8 million barrels per day (1.8m bpd)
The board and management of NNPCL, which announced the feat on Thursday, also disclosed that gas production has also risen to 7.4 billion standard cubic feet per day (7.4bscfd).
Stakeholders have hailed NNPCL and private security agencies hired to safeguard the nation’s economic assets, especially Tantita, for achieving the feat.
Tantita has lately led a relentless war against crude oil theft and pipelines’ vandalism, pursuing oil thieves out of the nation’s coastal environment as well as seizing and confiscating their equipment.
NNPCL’s Group Chief Executive Officer (GCEO), who announced this at a press briefing on Thursday, said the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu.
Kyari congratulated the Production War Room Team that anchored the production recovery process.
Giving details of the efforts of the Production War Room, the Chief War Room Coordinator and Senior Business Adviser to the Group Chief Executive Officer, Mr Lawal Musa, said the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.
He said the interventions that led to the recovery of production cut across every segment of the production chain, with security agencies closely monitoring the pipelines.
He stressed that when the Production War Room team was inaugurated on the 25th of June 2024, production was at 1.430 mbpd.
He noted that the team swung into action, culminating in it sustaining the production recovery to 1.7 mbpd in August and hitting the current 1.808 mbpd in November.
“We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2MBPD by the end of the year,” he added.
Reacting to the latest feat, Tompolo, said he was excited to be part of the success story.
Tompolo, who spoke through his Special Adviser Media and Public Communication, Mr. Paul Bebenimibo, said Tantita was committed to the realisation of 2mbp by December as directed by President Tinubu.