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Nigeria's crude oil production decreased to 1.25 million barrels per day in May 2024, down from 1.28 million barrels per day in April 2024. [57] This represents a decline of 30,000 barrels per day and is the second-lowest production level in 2024. Despite this, Nigeria remains the largest crude oil producer in Africa.
Oloibiri Oilfield was discovered on Sunday 15 January 1956 by Shell Darcy. [10] It was the first commercial oil discovery in Nigeria; this discovery ended 50 years of unsuccessful oil exploration in the country by various international oil companies and launched Nigeria into the limelight of the Petro-State.
The Bonga Field is an oilfield in Nigeria.It was located in License block OPL 212 off the Nigerian coast, which was renamed OML 118 in February 2000. [1] The field covers approximately 60 km 2 in an average water depth of 1,000 metres (3,300 ft). [2]
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. [1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres). [2] ExxonMobil also has deepwater production in ...
It partners with foreign oil companies to explore Nigeria's fossil fuel resources. The NNPC, with an asset of $153B (USD), is the largest national oil company in Africa. The company boasts of extensive infrastructure and investment in the downstream, midstream and upstream of the Nigerian petroleum industry.
OML29 consists of 9 fields including the iconic Oloibiri Oilfield (1st Commercial Oil Discovery in Nigeria) and holds 2.2 billion barrels of oil equivalent, BOE, while Its hydrocarbon fields could deliver as much as 160,000 barrels of oil per day, and 300 million cubic feet (8.5 million cubic metres) per day at standard conditions at peak output. [6]
The town of Oloibiri is the 'birthplace' of oil in Nigeria. [1]Since 1946 when then Shell-BP began test oil drilling at Oloibiri and subsequently began large scale operations in 1948 which reached its peak in 1968 minor oil spill pollution occurred repeatedly and even a few larger oil spills at the facility that polluted the direct area heavily that have caused lasting environmental issues in ...
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria.When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.