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In order to meet its Organization of the Petroleum Exporting Countries (OPEC) quota, Nigeria has increased its crude oil production by more than 200,000 barrels per day (bpd).
Data obtained from OPEC’s Monthly Oil Market Report (MOMR) in February showed the country’s output, which had fallen to around 1.1 million b/d last December, soared to 1 .3 million bpd in January.
Nigeria’s production fluctuated between 1.1 mb/d and 1.2 mb/d throughout last year.
The country closed eight oil terminals between August and October, according to statistics from the Nigerian National Petroleum Company, NNPC, Limited.
The eight terminals concerned are Forcados, Bonny, Odudu, Brass, Yoho, Urha, Ajapa and Aje.
As a result, delayed/lost production in October alone was in the range of 4,824,946 barrels of oil, the lowest among figures posted in the three-month period.
The closures and losses, according to the report, were due to pipeline vandalism, theft, community interference, sabotage of oil installations, among others.
Losses and postponements in August, September and October were assessed at 6,680,620 barrels; 6,362,700 barrels; and 4,824,946 barrels respectively.
It was also observed that eight crude oil terminals were affected in August as production was curtailed at facilities during the period.
The terminals affected during the month under review are Forcados, Sea Eagle, Brass, Yoho, Qua Iboe, Escravos, Ajapa and Otakikpo.
Explaining some of the incidents that reduced production at one of the terminals, for example, NNPC said: “The injection of Energia (an oil company) into the Brass line (has been) suspended due to damage to the pipeline.
“Pillar injection in Brass has been suspended due to third party interference on the NAOC (Nigerian Agip Oil Company) Akiri pipeline.”
For the month of September, 18 incidents justified the postponement of 6,362,700 barrels of crude oil following recorded production stoppages.
A total of nine terminals were affected in September, including Forcados, Sea Eagle, Brass, Yoho, Qua Iboe, Escravos, Urha, Ajapa and Otakikpo.
On some of the incidents that led to the crude oil losses in September, the NNPC said “production (was) curtailed due to pipeline failures” at the Forcados terminal.
He also noted that “Energia injection into the Brass line (has been) suspended from September 1 to September 30, 2021 due to pipeline damage.”
Findings from NNPC reports on events that affected production in October 2021, however, showed that incidents that led to the shutdown of crude oil production were reduced to 11 during the month.