Nigeria’s exact crude oil production volume unknown – NEITI

The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday.

Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in Abuja during a courtesy call on the Director-General of the Federal Radio Corporation of Nigeria, Mansur Liman.

He told his host that the exact amount of crude oil produced in Nigeria had remained unknown because of the absence of meters at wellheads and the lack of capacity to monitor deep offshore fields.

The NEITI boss stated that his agency had in all its oil and gas audit reports recommended that meters be placed on oil wellheads to measure the volume of crude oil produced across the country.

Ogbonnaya-Orji said, “We do not have capacity to go deep shores to know how much we are producing. As we speak, it is very difficult for any Nigerian to ascertain how much we are actually producing.

“This is one of the challenges that NEITI is dealing with. Because if you do not know how much you are producing how would you know how much you are expected to earn?”

He added, “The companies that go deep shore that are involved on offshore exploration, none of them are indigenous Nigerian companies and they cannot really protect the interest of the country as much as Nigerians can.

READ ALSO; Killer fruit juice: Kano confirms 10 dead, 400 hospitalised, Lagos, C’River, Sokoto warn residents

“But we must concede to those companies, they are doing a great job here because without them there will be no oil industry.”

The NEITI helmsman described his visit to FRCN as a home coming, having worked there as a journalist for many years.

On his part, Liman said it was important for the media to support the reform of the sector so as to ensure that Nigerians benefit more from the oil sector.

  • Related Posts

    Police Seek Court Approval for Virtual Testimony by US-Based Engineer in N152m Fraud Case

    The Nigeria Police has told a Federal High Court sitting in Lagos to permit a Nigerian-American engineer, Mr. Anthony Ugbebor, to testify virtually from the United States in the ongoing…

    Prolonged Court Cases Used to Persecute Entrepreneurs in Nigeria — Osakwe

    A property developer, Cecil Osakwe, has lamented what he described as the persecution of entrepreneurs with prolonged court cases, which he says has made the Nigerian business environment a hostile…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Police Seek Court Approval for Virtual Testimony by US-Based Engineer in N152m Fraud Case

    Police Seek Court Approval for Virtual Testimony by US-Based Engineer in N152m Fraud Case

    Prolonged Court Cases Used to Persecute Entrepreneurs in Nigeria — Osakwe

    Prolonged Court Cases Used to Persecute Entrepreneurs in Nigeria — Osakwe

    Despite Intimidation, Nigeria’s Democracy Will Survive — Bola Ahmed Tinub

    Despite Intimidation, Nigeria’s Democracy Will Survive — Bola Ahmed Tinub

    ‘I’m the Omolaja, the Unifier APC Fears’ — PDP’s Oluyede in Ekiti Guber Race

    ‘I’m the Omolaja, the Unifier APC Fears’ — PDP’s Oluyede in Ekiti Guber Race

    Bola Ahmed Tinubu Approves Six New Appointments in Education Sector

    Bola Ahmed Tinubu Approves Six New Appointments in Education Sector

    Governor Sani Honors Abba Kyari by Naming New Banquet Hall After Him

    Governor Sani Honors Abba Kyari by Naming New Banquet Hall After Him