NNPCL aims for higher oil output with new PINL partnership
Nigeria National Petroleum Corporation Limited is working closely with Pipeline Infrastructure Nigeria Limited to boost crude oil production. The goal is to reach 2.06 million barrels per day by 2026, surpassing the current budgeted benchmark. The collaboration with host communities and surveillance companies has already led to smoother operations on key pipelines. Both companies are also advocating for more development in oil-producing communities.
What we know
- NNPCL projects a crude oil output of 2.06 million barrels per day by 2026, with a budgeted target of 1.84 million barrels.
- The partnership with PINL and local communities has improved security and reduced pipeline vandalism.
- Akponime Omojevwhe of NNPCL says the synergy in Bayelsa and other areas makes the target achievable.
- PINL plans to push for more government and international oil company investment in host communities to curb oil theft.
- Community leaders, like Chief Moses Theophilus, have praised the efforts for reducing vandalism and environmental pollution.
