Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2017-09-04 12:25:00

NIGERIA'S OIL PRODUCTION: 2.2 MBD

NIGERIA'S OIL PRODUCTION: 2.2 MBD

PLATTS - The clamor to include Nigeria in the OPEC output cuts is likely to grow louder, with the country's oil minister, Emmanuel Kachikwu, saying that current oil production is close to full capacity.

Nigeria's oil production, including crude oil and condensates, is currently at around 2.2 million to 2.3 million b/d, Kachikwu said Thursday in a podcast released by the oil ministry.

"Oil production of course has risen on the back of this stability and we have moved from an all-time low of 1.2 million b/d and today it's roughly about 2.2-2.3 million b/d, of course that includes condensate," he said.

Kachikwu did not mention Nigeria's prospects of joining the OPEC output cuts in the podcast, but this comes as questions linger on Nigeria's involvement in the OPEC cuts as its output has recovered close to full capacity.

This comes weeks ahead of the OPEC/non-OPEC Joint Committee Ministerial Meeting on the September 22 in Vienna, where the monitoring committee said it will be inviting representatives from Libya and Nigeria to explain their production outlooks.

The figure of around 2.2 million to 2.3 million b/d includes about 300,000 to 400,000 b/d of condensates, which implies that its current crude oil production is at the coveted 1.8 million b/d mark.

Previously, Kachikwu has said that Nigeria would agree to join the cut agreement once its crude oil production stabilizes at 1.8 million b/d,

This was also confirmed by Saudi Oil Minister Khalid al-Falih in July.

On the subject of OPEC, Kachikwu said that Nigeria will continue to play a proactive role in OPEC and is hopeful that with the efforts of Saudi Arabia, OPEC Secretary General Mohammad Barkindo and Russia, oil prices can move in the low $60s/b in the near future.

INDUSTRY REFORMS

Kachikwu linked the output rise to the increased investment in upstream operations by foreign producers on the back of relative calm in the Niger Delta region.

Output has, however, recovered gradually this year as militant attacks have fallen substantially since early January after the government stepped up peace talks with leaders and youths in the Niger Delta to end militancy in the region.

Apart from the curbing militancy in the region, Kachikwu said Nigeria's decision to introduce a new mechanism for the funding of upstream projects owned jointly with foreign oil partners helped to stimulate investments in drilling and production activities that raised output.

Nigeria agreed to the funding arrangement with the partners -- including Shell, ExxonMobil, Chevron, Eni and Total -- that would see the country exit the system of contributing money to fund its average 57% equity in the ventures, known commonly as a cash call.

-----

Earlier:

 

SHELL STARTS IN NIGERIA

SHELL STARTS IN NIGERIA SHELL STARTS IN NIGERIA The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. The Shell Petroleum Development Company ...
2017-08-24
 

OIL OUTPUT CONSENSUS

... epen cuts to make up for output gains from exempt Nigeria and Libya, as well as sliding compliance from other members. With prices still languishing below the $55-$60/b that some ministers have said they are targeting, some market watchers say OPEC a ...
2017-07-24
 

NIGERIAN OIL: 2 MBD

NIGERIAN OIL: 2 MBD NIGERIAN OIL: 2 MBD Nigeria’s oil production level has recovered to 2 million bopd, Nigerian National Petroleum Corporation (NNPC) Group Managing Director Maikanti Baru said late on Tuesday. Nigeria’s oil production level has reco ...
2017-05-06
 

WBG - AFRICA'S ECOMOMIC DIFFICULTIES

... DIFFICULTIES WBG - AFRICAS ECOMOMIC DIFFICULTIES Nigeria, South Africa, and Angola, the continent’s largest economies, are seeing a rebound from the sharp slowdown in 2016, but the recovery has been slow due to insufficient adjustment to low commodi ...
2017-04-12
 

IMF HAS NIGERIA

IMF HAS NIGERIA IMF HAS NIGERIA With oil receipts dominating fiscal revenue and exports, the Nigerian economy has been hit hard by low oil prices and falling oil production. The country entered into a recession in 2016, with growth contracting by 1.5 ...
2017-03-31
 

NIGERIAN OIL CRISIS

NIGERIAN OIL CRISIS NIGERIAN OIL CRISIS “Security and access to funding are the biggest challenges right now to private sector players,” says Kola Karim, managing director of domestic producer Shoreline Energy. “The situation is really tough.” “Secur ...
2016-11-28
 

NIGERIAN OIL FIRE

NIGERIAN OIL FIRE NIGERIAN OIL FIRE Shell says a fire has forced it to close a key oil pipeline feeding Nigerias strategic Bonny Export Terminal, which militants attacked last week. Shell says a fire has forced it to close a key oil pipeline feeding ...
2016-09-28
Tags: NIGERIA, OIL, PRODUCTION, OPEC

Chronicle:

NIGERIA'S OIL PRODUCTION: 2.2 MBD
September, 22, 09:20:00

ЦЕНА НЕФТИ: НЕ ВЫШЕ $57

К 9.30 МСК фьючерсы на нефть сорта Brent поднялись на 0,07 процента до $56,47 за баррель. Фьючерсные контракты на американскую нефть WTI к этому времени торговались у отметки $50,68 за баррель, на 0,26 процента выше предыдущего закрытия.

NIGERIA'S OIL PRODUCTION: 2.2 MBD
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

NIGERIA'S OIL PRODUCTION: 2.2 MBD
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

NIGERIA'S OIL PRODUCTION: 2.2 MBD
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

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