Nigeria's Oil and Gas Output Rises to 3.04 Million Boepd

Nigeria’s NNPC raised its oil and gas production in September from a month earlier as output was restarted at some oilfields, the state-owned oil and gas company said in its latest monthly report this week. 01 million boepd in the previous month, amid slightly higher crude oil and natural gas production and flat condensate output, NNPC’s report showed.

608 trillion Nigerian naira, in line with the revenues for each month after March, when the Iran war and the Strait of Hormuz crisis hiked international oil prices. Despite the slight increase in production, largely attributable to the restart of production from the Obodo oilfield in mining license OML 150, output “remained constrained by unplanned downtime associated with facility reliability challenges, subsurface issues, flowline leaks, community protests, equipment failures, storage and tank-top…