The Nigerian National Petroleum Company Limited (NNPCL), has declared that ramping up production of crude oil currently pegged at 1.7 million to three million barrels of crude oil per day is achievable.
Chief Corporate Communications Officer (CCCO) of the oil conglomerate, Mr. Olufemi Soneye who made the declaration during a Stakeholders Engagement Session with Senate correspondents in Abuja today, noted that such advancement is feasible with the collaboration from all stakeholders.
According to Soneye, “Three million barrels of oil production per day is achievable in Nigeria if all stakeholders work in synergy—from government and private security agencies to oil companies and host communities,”.
He further reminded that the political will from President Bola Tinubu, involvement of private security agencies and renewed efforts of the military had jerked up production from the previous 900,000 barrels per day and also assisted in curbing the challenge of oil theft and pipeline vandalism, particularly in hot spots like Bayelsa, Rivers , Imo, Abia among others.
In spite of this, NNPCL asserted that the menace of crude oil theft and its impact on Nigeria’s economy remains a serious concern.
According to the company, over 8,000 illegal refineries and 5,800 illegal oil pipeline connections were detected and destroyed within the last six months
