Express, Atlas Petroleum, Bring Up the Rear in Nigerian Production

Express Petroleum was the lowest liquid hydrocarbon producer, by operated volume, among the 41 companies responsible for Nigerian production in 2018.

But its 43 Barrels of Oil Per Day, averaged throughout that year, was only slightly bettered by Excel E&P’s 171BOPD, Prime Energy’s 191BOPD, Atlas Petroleum’s 251BOPD, Millenium’s 338BOPD Dubri Oil’s 386BOPD and Allied Energy’s 804BOPD according to the Nigerian Oil and Gas Annual Report (NOGAR), recently released by the Department of Petroleum Resources, the country’s regulatory agency.

The list indicates that the lowest producing companies are Nigerian owned independents. Allied Energy’s licence was revoked in 2019 and the company that was producing on its behalf, Erin Energy, has collapsed as a going concern, but this latest report is dated 2018, as such events that occurred in the last 12 months are out of scope and will only feature in the report to be released in January 2021, which will be the 2019 report.

29 Nigerian companies, including Nigerian Ptroleum Development Copany (NPDC), the operating arm of the NNPC, are listed in the report as producers.

Those with operated volumes higher than 20,000BOPD are NPDC, AITEO, Seplat, Neconde, Eroton and Newcross. Understandably missing from the list-entirely- are Shoreline and Elcrest which, though produced gross output in excess of 20,000BOPD in 2018, are seen as non operators, as their figures are captured under NPDC data.
Conoil, Midwestern Oil & Gas and Oriental E&P did not average up to 20,000BOPD in the year.

 



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