Tinubu’s Executive Orders, Government Interventions Pave Way for Increased Crude Oil Production,says Lokpobiri
As part of Nigeria’s strategic push to boost crude oil production, significant efforts have been made to ensure smooth operations for industry players, including the Executive Orders signed by President Bola Ahmed Tinubu and other government interventions supporting the sector.
During a facility tour of the Ofon Floating Storage and Offloading (FSO) unit and Egina Floating Production Storage and Offloading (FPSO) unit—Joint Ventures between NNPC Limited and TotalEnergies E&P Nigeria Limited—Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, commended the JV partners for their contributions to the country’s production capacity.
According to him, the Ofon FSO and Egina FPSO currently produce approximately 40,000 barrels per day (bpd) and 97,000 bpd, respectively.
However, he emphasized the need for increased production to meet Nigeria’s broader objective of ramping up national crude output.
“With the numerous interventions by the Federal Government and the vast opportunities available, there is a clear path for increased production. By optimizing existing assets and leveraging government support, we expect to see significant improvements in output, reinforcing Nigeria’s position in the global energy landscape,” Lokpobiri stated.
The visit highlights the government’s commitment to supporting oil industry players and ensuring Nigeria remains a key player in global energy markets.
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