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“We Have Accurate Data Of Country’s Crude Oil Production Volume” – DPR

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DPR has accurate data

The Department of Petroleum Resources (DPR) has said that the agency has an accurate record of the crude oil produced in the country. This is in response to claims that the exact volume of crude oil produced in the country has remained unknown.

While making this disclosure in a statement in Lagos, the Head, Public Affairs of DPR, Mr. Paul Osu, said every liter of crude oil produced in the country was properly recorded during the process of extraction.

According to Osu, the Department of Petroleum Resources (DPR) is responsible for monitoring and accounting for crude oil production. This is the basis for determining the state income through license fees by operators for sustainable development.

He said: As a further step to boosting crude accounting process from production to export, DPR recently launched the National Production Monitoring System (NPMS). NPMS is an online platform for the direct and independent acquisition of production data from oil and gas facilities in Nigeria. NPMS as an electronic data transmission tool at production and export terminals are designed to better predict the performance of oil and gas reservoirs and better production forecasting.”

Osu noted that the NPMS tool enables DPR to exercise surveillance, perform production monitoring and data analysis for utilization and forecasting.

He said DPR as a business enabler and opportunity house would continue to develop robust and strategic initiatives to ensure timely and accurate payment of rents, royalties, and other revenues due to the government.

In case you missed it

  • It is worth recalling that the executive secretary of the Nigerian Extractive Industries Transparency Initiative (NEITI), Orji Ogbonnaya-Orji, said on Thursday that the exact volume of crude oil produced in Nigeria, especially in the deep offshore fields, is unknown to anyone.

 

  • He said the exact volume of crude oil produced in Nigeria has remained unknown due to the lack of meters at the wellheads and the lack of capacity to monitor deep offshore fields.

 

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