The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed additional capacity to produce more.
Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria, disclosed the production data in the oil firm’s 2020 briefing notes on Wednesday in Yenagoa, Bayelsa State.
SPDC reached this milestone 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.
SPDC also announced that it supplied the domestic market and to the export market through the Nigeria Liquified Natural Gas (NLNG) plant, operating at approximately 50 per cent of the NLNG plant capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers states.
Gas production from Soku facility increased from 100 Million standard cubit feet per day (MMscf/d) in 2018 to 350MMScf/d in 2019.
According to the SPDC, the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta and the reopening of the Trans Ramos Pipeline which conveyed crude to its Forcados oil export terminal.
The Gbaran-Ubie gas plant in Yenagoa, achieved peak production with 175,000 barrels of oil equivalent per day.
SPDC says 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.
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. 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.