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Headline : NNPC, Newcross Exploration Anticipate Output Surge As Oil Production At Awoba Field Resumes

Read more from the original article on here at www.arise.tv.




Tags : #nnpc #newcross #exploration #anticipate #output #surge #oil #production #awoba #field #resumes


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The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture (JV) partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, announced on Tuesday the resumption of production from the Awoba field.

A statement from the Chief Corporate Communications Officer of the national oil company, Olufemi Soneye, said the asset last contributed production to the Bonny Terminal in 2021 and was finally shut down in February 2022 due to evacuation issues and crude oil theft.

According to the NNPC the resumption of activities at the Awoba field is because it is keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s Organisation of Petroleum Exporting Countries (OPEC) production quota.

Since the restart of the Awoba field by NNPC and its partner on April 13, 2024, the oil company revealed that production from the field has averaged 8,000 barrels per day and is expected to plateau to 12,000 per day at full ramp up within 30 days.

Read more from the original article on here at www.arise.tv.


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