By Munachimso Obienyi
Compared to Nigeria’s projected oil production of 468.8 million barrels in the first three quarters of 2022, the country was only able to drill 284.70 million barrels at the end of September.
According to NwafoLive’s review of data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the difference in the country’s oil production pegged against its oil benchmark of 1.88 million barrels per day in the 2022 budget, means that the country was only able to produce just about 60 per cent of its total forecast for the period.
There was still no production from Asarama, Okwori, Ajapa, Anambra basin, Oyo, Ukpokiti, Ima and Akpọ terminals during the period under review, a development that further hobbled the quantity of oil forecast for drilling in the first nine months of the year.
Aje terminal did not also produce a drop of oil. With a 58.2 million barrels per month estimate approved benchmark by the National Assembly in December 2021, the difference between actual and projected output was a whopping 184.1 million barrels of unproduced oil.
