Twenty five privately owned Nigerian companies produced about 158,000 Barrels of Oil Per Day (BOPD) in December 2013.
That is the metred production, which does not take into cognizance any deferment as a result of oil theft and vandalism. This means that the volumes represent the closest to what each company delivered on every “productive” day in the course of the month under consideration.
The largest six producers were Seplat (26,550BOPD), SAPETRO (21,000BOPD), Shoreline Natural Resources (20,250BOPD), Famfa Oil (15,000BOPD), Amni (11,700BOPD) and Conoil (11,300BOPD).
These figures, which are net equity crude volumes, were obtained from varied reliable sources in the industry and do not represent the official figures in the custody of the Department of Petroleum Resources, the regulatory agency.
The largest producing fields for Nigerian independents were Agbami (250,000BOPD), Akpo (155,000BOPD), Afiesere (45,000BOPD), Ebok (35,000BOPD) and Sapele (22,600BOPD). Famfa, SAPETRO, Shoreline Natural Resources, Oriental Energy and Seplat, each has equity in Agbami, Akpo, Afiesere, Ebok and Sapele respectively.
Out of the six top producers, only Seplat and Conoil are full operators of their assets; SAPETRO, Famfa and Shoreline are non-operating partners of their blocks. Amni operates only 2,000BOPD of its 11,700BOPD output.
Nigerian independents also produced 255Million cubic feet per day (MMscf/d) of gas in December 2013, 75% of which was for domestic gas to power use.