December 13, 2024

Nigeria Navy chief claims oil production up due to improved security

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Adewale Akintaro

Nigeria’s oil output has jumped to between 1.6 million and 1.7 million barrels per day after the government as a result of improved security and fight against crude oil theft, Chief of Naval Staff Emmanuel Ikechukwu Ogalla has said on Tuesday.

Crude production in Nigeria, a member of the Organization of the Petroleum Exporting Countries (OPEC), stood at 1.2 million barrels per day in February, Ogalla said. Oil major Shell has exited the country.

“We have stepped up surveillance and enforcement in the oil producing areas,” the naval chief said.

“Right now, as we speak, the Nigerian Navy has 12 vessels on the sea to protect oil production and stem oil theft. We have arrested over 16 vessels, so far.”

Ogalla said the force has blocked channels for the sale of illegally refined petroleum products.

The country’s oil minister Heineken Lokpobiri said in May that Nigeria could produce 6 million barrels of oil per day with adequate investment in its energy sector.

He added that Nigeria and other African oil-producing countries lack the capital to explore and produce their oil and gas.

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