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Nigeria produced 206 BSCF of gas in February

26 June 2012, 13:42

The Nigeria National Petroleum Corporation (NNPC) says it produced 206.02 Billion Standard Cubic Feet (BSCF) of gas in February 2012.

According to the latest edition of its Monthly Petroleum Information (MPI), NNPC produced 215.86 BSCF of gas in January.

The statement also indicated that out of the 206.02 BSCF of gas produced, 160.84 BSCF was utilised.

The corporation, however, did not give reasons for the downward trend in production.

Shell Petroleum Development Company (SPDC) led the gas production chart with 69.37 BSCF and utilised 64.27 BSCF while it flared 5.1 BSCF of its gas production.

Nigeria Agip Oil Company followed with 38.69 BSCF productions, utilising 29.05 BSCF and flaring 7.50 BSCF in the month under review.

Mobil Producing Nigeria (MPN), operator of the Qua Iboe oil fields off Akwa Ibom coastline, produced 35.07 BSCF, used 25.05 BSCFand flared 10.60 BSCF under the Joint Venture category.

The NNPC data further showed that the natural gas produced from oil fields in February were used for power generation, fuel for oil production, reinjection into oil wells, export and industrial applications.

NNPC operates joint venture and production sharing contracts with international oil companies operating in Nigeria on behalf of the Federal Government.

22 per cent of the gas produced was flared while 78 per cent of gas production was utilised.

The gas flare rate rose from 14 per cent in January to 22 per cent in February.



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