‘Why There’s A Difference Between NNPC And NUPRC Released Figures On Crude Oil Production’

The Nigerian National Petroleum Company Limited (NNPCL) has clarified the reason for the seeming discrepancy between its figures on crude oil production and those released by the Nigerian Upstream Petroleum Regulatory Company (NUPRC).

The NNPCL, in a statement on Monday by its Chief Corporate Communications Officer, Olufemi Soneye, explained that the period of coverage used in computing the final figures were different for both organizations.

The company gave the clarification against the backdrop of reports in a section of the media that the 1.54 million barrels per day for September cited by the NUPRC was far below the one point eight million (1.8 m) barrels per day for November cited by the NNPC Ltd.

However, Soneye explained that whereas the NNPC Ltd.’s figure was the peak production for October 2024, the NUPRC’s figure was the average production for September 2024.

He, therefore, insisted that there is no discrepancy between the NNPCL’s crude oil production figures and those supplied by the NUPRC.

“This fact was confirmed by the Chief Executive Officer of NUPRC, Gbenga Komolafe, at the recent 42nd Nigerian Association of Petroleum Explorationists Annual International Conference and Exhibition in Lagos where he disclosed that Nigeria’s crude oil output, including condensate, increased by 16.56 per cent to 1.8million barrels per day in October 2024, from 1.54 million barrels per day in September 2024.

“The CEO of NUPRC was represented by the Executive Commissioner, Development and Production, Enorense Amadasu.

“There is, therefore, no disparity or discrepancy in the production figures by NNPC Ltd and the regulator. NNPC Ltd the statement adds is working closely with relevant stakeholders to boost production to two million barrels per day and above by the end of 2024,” Soneye submitted.