Nigeria to Request Higher Production Quota from OPEC
The Government of Nigeria says it will soon need to request a higher production quota from OPEC. The Director of the Department of Petroleum Resources, Mac Ofurhie, said that as production begins from the country's deepwater fields, the current production ceiling of 2.094 million barrels per day would need to be raised.
Nigeria's oil reserves currently stand at 32 billion barrels, with a daily production capacity of about 2.6 million barrels per day. The government has set a target reserve level of 40 billion barrels and production capacity of 3 million barrels per day by 2010.
Production is expected to commence from the following deepwater fields: Forcados, Yorkri and Bonga operated by Shell; Amenam/Kpono operated by Total SA , and the Erha field, operated by ExxonMobil.
Operates 15 Offshore Rigs
- ExxonMobil Reports Papua New Guinea Discovery (Jan 16)
- Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
- ExxonMobil Reports More Offshore Guyana Success (Jan 05)
Company: Shell more info
Operates 30 Offshore Rigs
- UK Firm Intertek Says Employee Involved in Shell Oil Theft Case (Jan 17)
- Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
Company: Total S.A. more info
- Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- France's Total Buys Engie's LNG Business For $1.5B (Nov 08)