Tag: 000BPD

  • FG TARGETS EXTRA 810,000BPD CRUDE FROM DEEPWATER FIELDS

    FG TARGETS EXTRA 810,000BPD CRUDE FROM DEEPWATER FIELDS

    Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has launched a cluster and nodal development initiative to boost crude oil production by an additional 810,000 barrels per day from deepwater fields. This move aims to reverse the decline in offshore output, which dropped from 800,000 barrels per day in 2016 to below 500,000.…