FG targets Oil Production of three million barrels per day

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The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. This is according to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, at a meeting with the House of Representatives committee on petroleum upstream.

Mr. Kyari added that a target of 40 million barrels of reserves has also been set and the possibilities of achieving them are high due to the several interventions being explored by the government. “The national target of three million barrels per day of daily production and 40 million barrels of reserves has not been attained, we are much focused today, we know it is possible, we have taken steps to realise this before the end of 2023.

“A number of interventions are ongoing, including our elaborate intrusion into the frontier basins which we announced oil discovery in the Gongola basin, and we expect many more to happen including the Anambra platform and some part of Benue, Bida and Chad basin.”

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