NNPC: We recorded 8 million barrels of oil production losses in July
The Nigerian National Petroleum Company (NNPC) Limited says it recorded 8.14 million barrels of production losses at crude oil terminals in July 2022.
The national oil company made this known in its monthly presentation to the Federation Accounts Allocation Committee (FAAC) meeting on Friday, September 23.
The FAAC report obtained by TheCable showed that crude losses recorded at some of the country’s terminals have hampered optimal oil exports, known as production stoppages.
At the Forcados terminal, export operations were halted from July 17 to August 5.
He said the halt in oil exports followed reports of a “burst in the vicinity of SPM-2”.
Oil Shine is a brilliant rainbow color that appears on water surfaces due to oil spillage.
NNPC added that “at 4:00 p.m., Shell Petroleum Development Company (SPDC) requested all injectors”, adding that this resulted in the loss of 667,500 barrels of oil.
At the Qua Iboe terminal, the NNPC said a seven-day warning strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) resulted in a loss of crude worth US$1.47 million. barrels of oil.
The warning strike, NNPC said, was due to the disposal of assets by Mobil Producing Nigeria Unlimited (MPN) without notification.
She added that the incident had affected the terminal’s production throughout the month under review.
According to NNPC, the Bonny terminal recorded 3.5 million barrels of oil loss throughout the month.
“Crude oil production at the Bonny terminal has dropped significantly to an average of approximately 3 mbd from March 21, 2022 to date. The terminal operator has declared force majeure on all ongoing good programs,” the report said.
Meanwhile, NNPC said the Bonga terminal recorded a production loss of 658,085 barrels of oil due to repair work.
He said that “flexible works underway at Bonga require that the floating production storage and offloading (FPSO) be maintained at the 16 meter draft to facilitate repair work”.
At the Yoho terminal, 329,000 barrels of oil production loss was recorded from July 1 to July 31.
“Yoho encountered difficulties with IGC-B (intergranular corrosion) commissioning and had to shut down to reduce flaring until IGC-B was back on,” the report added.
At the Erha terminal, he said 937,663 barrels of oil were lost from July 1 to July 15.
“Experienced factory trips to Erha around the last week of June 2022,” he said.
The Brass terminal, NNPC said, was closed following low crude oil receipt due to “theft activity and illegal connections”.
As a result, 315,000 barrels of oil loss was recorded, affecting export operations from July 1 to July 30.
At the Ukpokiti terminal, a fire on February 2 affected oil exports throughout the year, resulting in a production loss of 210,000 barrels of oil.
In addition, the Aje terminal was closed from July 1 to July 31, losing 11,000 barrels of oil, NNPC added.