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NPDC Eyes 500,000bpd Crude Production By 2022

The Nigerian Petroleum Development Company (NPDC), one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), will increase its daily crude oil production to 500,000 barrels per day (bpd) before 2022.
Dr Maikanti Baru, Group Managing Director of the NNPC, announced the target during the inauguration of the board of directors of the NPDC in Abuja.
The NPDC currently produces about 200,000 barrels per day. Going by the company’s work programme, it plans to increase to 300,000 barrels per day before year end.
Mr Baru who doubles as Chairman of the board, charged members to grow the company’s assets and ensure that the 500,000 bpd crude oil production target is met by 2022.
The NPDC currently supplies 50 percent of the West African Gas Pipeline system gas, Baru said.
Managing Director of the company, Mr. Yusuf Matashi, said, “from the meteoric growth the company had witnessed since 2016, the target of 500,000 barrels per day was realisable by 2022.”
“The Board came at an appropriate time as it would address issues of processes and procedures necessary to drive a major oil company like the NPDC,” Mr Matashi added.

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