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Home Business

FG to Revive Shut-in Crude Oil Wells in Niger Delta

3 years ago
in Business, Technology
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FG to Revive Shut-in Crude Oil Wells in Niger Delta

In a bid to produce at least 2.1 million barrels of oil daily, the Federal Government is reviving shut-in crude oil wells from various drilling facilities in the Niger Delta.

According to data from the Nigerian Upstream Petroleum Regulatory Commission, about 900,000 barrels of oil per day could be produced from quick interventions on the shut-in wells, while the medium and long-term initiatives could add 1.2 million barrels of oil daily.

This implies that about 2.1 million barrels of oil per day, or 63 million barrels monthly, would be produced from the facilities.

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