FG targets 3m bpd oil production in 2025

The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day (bpd) in crude oil production in 2025.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made this known during the launch of the second phase of Operation Delta Sanity II (OPDS II) in Port Harcourt, the Rivers State capital, on Monday, December 30, 2024.

Nigeria’s current output stands at 1.8 million bpd, an increase from the 1.4 million bpd recorded in 2023.

Lokpobiri noted that the initial phase of OPDS, launched on January 10, contributed to the improved production figures, prompting the Nigerian Navy to proceed with the second phase.

The minister stated: “In August 2023, Nigeria’s daily crude oil production was barely a million bpd. Currently, the nation produces about 1.8 million bpd.

“Our target is to reach 3 million bpd by 2025, and we are confident that the second phase of OPDS will play a key role in achieving this milestone.”

He emphasised the pivotal role of the navy in ensuring security, stating that it would continue to collaborate with other security agencies to combat oil theft and pipeline vandalism.

Despite these efforts, Lokpobiri expressed concern about the persistent sabotage of the Trans Niger Pipeline.

Tinubu lauds NNPCL over Warri refinery’s re-opening, vows others’ restoration

Lokpobiri said: “The Trans Niger Pipeline remains a major challenge, with criminals breaking into pipelines to siphon crude oil.

“However, the Nigerian Navy has pledged to intensify its efforts to protect these national assets, building on its successes in 2024.”

The minister underscored the broader implications of curbing oil theft, highlighting the potential for increased government revenue and enhanced allocations to states and local governments.

He called on security agencies, maritime contractors, traditional rulers, and local youths to support the navy’s efforts.

The Chief of Naval Staff, Vice Adm. Emmanuel Ogalla, expressed optimism about the feasibility of reaching the 3 million bpd production target.

Ogala said Operation Delta Sanity was specifically designed to address oil theft, pipeline vandalism, and other maritime crimes, ensuring a secure environment for legitimate operations.

Ogalla also expressed confidence that OPDS II would further stabilise oil and gas operations in the Niger Delta region of the country in 2025.

The Star