BusinessBanking/FinanceNNPC Records Significant Drop in Pipeline Vandalism

NNPC Records Significant Drop in Pipeline Vandalism

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By Tosin Olatokunbo

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The Nigerian National Petroleum Corporation, NNPC has announced over 37 per cent drop in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the Monthly Financial and Operations Report, MFOR, according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru.

The report indicates that a total of 27 pipeline points were vandalized in January 2021 down from the 43 points recorded in December 2020.

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The Mosimi Area accounted for 74 per cent of the vandalized points while Kaduna Area and Port Harcourt accounted for the remaining 22 per cent and 4% respectively.

The Corporation said it is continuously working in collaboration with the local communities and other stakeholders to reduce and eventually eliminate the pipeline vandalism menace.

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To guarantee energy security, NNPC said it supplied a total of 1.44billion litres of Premium Motor Spirit (petrol), translating to 46.30million liters/day, across the country in the period under review.

In the Gas sector, a total of 223.55Billion Cubic Feet (BCF) of natural gas was produced in the month of January 2021, translating to an average daily production of 7,220.22 Million Standard Cubic Feet per Day (mmscfd). The 223.55BCF gas production figure also represents a 4.79 per cent increase over output in December 2020, the government oil company said.

According to the statement, the daily average natural gas supply to gas power plants increased by 2.38 per cent to 836mmscfd, equivalent to power generation of 3,415MW, while for the period of January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

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Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts, PSCs and Nigerian Petroleum Development Company, NPDC contributed about 65.20 per cent, 19.97 per cent and 14.83 per cent respectively to the total national gas production.

It further stated that “out of the total gas output in January 2021, a total of 149.24BCF of gas was commercialized consisting of 44.29BCF and 104.95BCF for the domestic and export markets respectively. This translates to a total supply of 1,428.65mmscfd of gas to the domestic market and 3,385.57mmscfd to the export market in the month under review.

“This indicates that 67.15 per cent of the daily gas output was commercialized while the balance of 32.85 per cent was re-injected, used as upstream fuel, or flared.

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Gas flare rate was 7.73 per cent for the month under review (i.e. 554.01mmscfd) compared with average gas flare rate of 7.19 per cent (i.e. 539.69mmscfd) for the period of January 2020 to January 2021, ” the oil company said.


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