The nation’s indigenous oil companies may meet their output target of 500,000 barrels per day (bpd), up from the current level of about 300,000 bpd by 2018, as ND Western concludes plans to raise output by 253 per cent, Vanguard reports.
The company which currently produces 17,000 bpd, including condensate, plans to increase output to 60,000 bpd. Located on Oil Mining Lease (OML 34) in the Western Niger Delta, the company produces from fields such as Utorogu, Ughelli East, and Ughelli West, with total flow-station capacity of 90 Mbpd.
According to the company, the block has two gas plants; one in Utorogu field with 360 MMscfd and the other in Ughelli East field with 90 MMscfd capacity. It pointed out that the combined fields currently produce an average of about 390 MMscfd of gas, and 17,000 bpd of oil and condensate.
“OML 34 is of utmost strategic importance to Nigeria and the West African sub-region, as a major supplier of gas for electricity generation in Nigeria. It also feeds gas through the West African Gas Pipeline (WAGP) to neighboring countries.”