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Home Big Story

Nigeria has capacity to grow daily oil production to 4m – Shell

by Nneka Nwogwugwu
May 15, 2023
in Big Story, News
Reading Time: 2 mins read
0
Oil theft: Reps probe sales of 48m barrels of Bonny light in China
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Managing Director of Shell Nigeria Exploration & Production Company (SNEPCo), Mrs Elohor Aiboni, has said Nigeria has the capacity to grow daily production to four million.

Aiboni said this while expressing her appreciation to the leadership of the Nigerian National Petroleum Company Ltd and the NNPC Upstream Investment Management Services (NUIMS) on Saturday for the level of collaboration geared towards maximising the potential of the deep-water assets and delivering key projects.

Aiboni said that there was no reason Nigeria would grow its crude oil production output to four million barrels per day, leveraging on the vast array of prolific assets, especially in the deep water space.

She also hailed the NNPC for over additional 35,000 barrels of crude recorded at Bonga.

Chief Upstream Investment Officer, Mr. Bala Wunti, said that Bonga has a special place in Nigeria’s upstream space, and NUIMS remains committed, willing, and able to actively support SNEPCo to continue exceeding expectations.

He also used the opportunity to commend SNEPCo and the in-house Asset Management team for the job well done in collaborating with Baker Hughes to execute a Product Deployment Memorandum of Agreement (PDMOA) for the deployment of the novel Aptara C Tree in the Bonga field, placing NNPC, SNEPCo and by extension Nigeria on the global map of deepwater oil and gas technology.

Wunti stated that NNPC Ltd was hungry for even more success, and remain open to supporting all its partners to achieve shared prosperity.

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