Shell Petroleum Development Company (SPDC) said to have the largest oil production asset in Nigeria, declares it has grown its oil output to an average of 514,000 barrels per day as well as developed additional capacity to increase production.
Osagie Okunbor, Chairman of SPDC in Nigeria revealed the production data of the multinational oil company’s 2020 briefing notes released on Wednesday to the press. The report noted that SPDC had achieved the feat in 2019 when its production rose more than 10 per cent to 514,000 barrels of oil equivalent per day (boe/d) due to enhanced exploration and production activities.
In addition, the report disclosed that SPDC has fed the domestic market with gas and to the export market through the Nigeria Liquefied Natural Gas (NLNG) plant which it says it supplies approximately 50 per cent of the NLNG plant capacity. “The company’s gas feeding the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers”.
“ Gas production from Soku facility increased from 100 Million standard cubit feet per day (MMscf/d) in 2018 to 350MMScf/d in 2019” the report stated.
The multinational oil company explained in the report that the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta. It report that the Gbaran-Ubie gas plant in Yenagoa, achieved peak production with 175,000 barrels of oil equivalent per day. And stated as well that within the period under review, the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re-opened.
SPDC said it had the largest oil production asset in the country and operated a leased area of 31,000 square kilometres from which it produced while working to increase capability by investing in exploration and production activities.
And dwelling on her aggressive investments in OIL and Gas which has impacted on it’s capacity, the report states “The SPDC JV’s assets include 340 producing oil wells consisting 97 land, 181 west and 62 central assets, 56 producing gas wells (10 land, three west and 43 central assets). A network of approximately 4,000 km of oil and gas pipelines and flow lines.”
Furthermore “The assets include 10 gas plants, two major oil export terminals, Bonny and Focados and an additional export facility a shallow water Floating Production Storage and Offloading Vessel christened `Sea Eagle’ currently stationed off Bayelsa coastline, One power plant.”