It may be much lower when pipeline losses are calculated
Gross crude oil production from the Oil Mining Lease(OML) 18 in eastern Nigeria, before pipeline losses, increased from approximately 14,000 BOPD in March 2015 to approximately 24,000 BOPD in June 2015.
Crude oil is evacuated through the Nembe Creek Trunkline, which is frequently vandalized.
The acreage got new owners in March 2015, when Shell, TOTAL and ENI finalised the sale of their collective 45% to Eroton, the incorporated joint venture company owned directly or indirectly by Martwestern Energy, Sahara Energy and other interests. “Full reconciliation and allocation of the pipeline losses (for the month) has not yet been completed”, Mart Resources notes in a report.“Eroton was nominated the operator of OML 18 and engaged Shell Petroleum Development Company of Nigeria (“SPDC”) to operate OML 18 on its behalf for a period of two and a half months until mid-May 2015 when Eroton took over operatorship. The preparation of OML 18 reserves report compliant with NI 51-101 has not yet been completed by Eroton”, Mart Resources says.Find full details of crude oil production of Nigerian independents here
Is there a company called “Martwestern Energy” as the second line in the second paragraph states?
@Ogunsan.Foluso. I believe it was supposed to read “Mart Resources and Mid-Western Energy”. Typo more likely.