11 May 2019

The Department of Petroleum Resources (DPR) has announced existence of 13 billion barrels of crue oil Nigeria’s deepwater terrain and current daily production of 850,000 barrels from the 2 billion barrels of oil explored and  developed fields. Deepwater oil blocks are those located in areas of water depth beyond 200 metres and extending up to 200 nautical miles seaward from the coasts of...

09 May 2019

Cumulative output from deepwater is 3.2 billion barrels Oil production from Nigeria’s deepwater province is currently 850,000 barrels per day, representing 40.47 per cent of the total production of 2.1 million barrels per day.“Currently, total production is 2.1 barrels of oil per day (bpod) while deepwater is production is 850 bopd. Cumulative deepwater production as at December 2018 is...

09 May 2019

Representative of Director of Petroleum Resources, Mr. Enorese Amadasu , Head Upstream Division during his presentation entitled " Deepwater Operations in Nigeria" The Journey So far" at the event.  ...

02 May 2019

LONDON (Reuters) - From algorithms to track “dark” ships smuggling stolen crude oil to an online licensing system to undercut corruption, one Nigerian government agency hopes it can use new technology to tackle theft which has cost the country billions. But the initiative by the Department of Petroleum Resources (DPR) may be too late to stem the migration of energy majors to the relat...

27 Apr 2019

Nigeria and Saudi Arabia plan to draft a memorandum of understanding on an oil and gas partnership that could lead to the construction of a new refinery and investments in liquefied natural gas, Nigeria’s petroleum ministry said on Friday. Nigeria imports the bulk of its petrol, despite being Africa’s biggest crude oil producer, due to its dilapidated refineries. Last month, Nigeria’s...

25 Apr 2019

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on the directives of President Muhammadu Buhari, GCFR recently visited Saudi Arabia to explore wide areas of mutual collaboration especially in the midstream and downstream sector. Nigeria’s petroleum downstream sub-sector, especially refineries, pipelines and others may witness a major overhaul following ongoing...

24 Apr 2019

Worried by the growing incidents of petroleum products smuggling across the nation’s border towns, the Nigerian National Petroleum Corporation, Nigeria Customs Service (NCS) and the Department of Petroleum Resources (DPR) have agreed to inaugurate a Joint Committee to tackle the menace headlong. The strategic move to tame the malaise was decided at a meeting at the Customs House in Abuja...