Nigeria recorded a total of 125 pipeline vandalism incidents in the month of September, 2018, the latest edition of the Nigerian National Petroleum Corporation (NNPC) Monthly Financial and Operations Report released in Abuja Wednesday, has shown.
The figure translates to a significant increase from the 86 vandalized points recorded in the month of August.
Breakdown of the September 2018 records indicates that the Aba-Enugu and Mosimi-Ibadan line accounted for 36 points and 33 points respectively or approximately 29 percent or 26 percent of the vandalized points respectively. While Port Harcourt-Aba and Zaria-Gusau line accounted for 10 percent each; Atlas Cove-Mosimi and other locations accounted for 14 percent and 11 percent of the pipeline breaks respectively.
The NNPC in the report also announced that it recorded a trading surplus of ₦9.85billion for the month of September 2018, a figure which is higher than the preceding month’s deficit of ₦3.90 billion.
Details of the report indicated that the improved performance is attributable to higher revenue by the Nigerian Petroleum Development Company (NPDC), the corporation’s upstream subsidiary.
NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, in a press release stated that NPDC’s production has been on the rise as a result of success recorded in repairs of vandalized pipeline in the Niger Delta and the resumption of crude oil lifting activities at Forcados Terminal.
According to the report, a total crude oil and gas export sale of $626.62million was made in September 2018, under the NNPC’s US$ transactions which is 33.32 percent higher than the previous month’s.
Crude oil export sales contributed $508.54 million which is 81.16 percent of the dollar transactions compared with $337.62million contribution in the previous month.
It also said that export gas sales amounted to $118.08 million in the month, adding that the September 2017 to September 2018 crude oil and gas transactions indicated a $5.45 billion worth export.
In the downstream sector, the report noted that during the period, NNPC supplied 1.66billion litres of petrol, translating to 55.50 million liters/day across the country.
On natural gas off-take, commercialization and utilization, the report indicated that out of the 238.91 billion cubic feet (BCF) of gas supplied in September 2018, a total of 142.09 bcf of gas was commercialized, comprising 30.36bcf and 111.73bcf for the domestic and export market respectively.
This translates to a total supply of 1,011.96mmscf/d of gas to the domestic market and 3,724.26mmscf/d of gas supplied to the export market for the month.
This implies that 59.47 percent of the average daily gas produced was commercialized while the balance of 40.53 percent of gas was re-injected, used as upstream fuel gas or flared, the report noted.
The report gave gas flare rate for the month at 8.60 percent i.e. 684.69mmscfd compared with average gas flare rate of 10.17 percent which is 800.59mmscfd for the period September 2017 to September 2018.
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