The Nigerian National Petroleum Company (NNPC) Limited has recorded a total of $224.29 million receipt from crude oil and gas export in August 2021 as against $191.26 million in July 2021.
The export of crude oil amounted to $7.77 million while gas and miscellaneous receipts stood at $65.26 million and $151.26million respectively, according to the company’s monthly financial and operations report (MFOR).
Total crude oil and gas export receipt for the period of August 2020 to August 2021 stood at $1.84billion.
In the gas sector, a total of 233.57billion cubic feet (bcf) of natural gas was produced in the month of August 2021 translating to an average daily production of 7,534.67million standard cubic feet per day (mmscfd).
For the period of August 2020 to August 2021, a total of 2,890.67bcf of gas was produced representing an average daily production of 7,303.61mmscfd during the period.
Period-to-date production from joint ventures (JVs), production sharing contracts (PSCs) and the Nigerian Petroleum Development Company (NPDC) contributed about 57.51%, 20.88% and 21.62% respectively to the total national gas production.
The report also indicates that out of the 208.64bcf of gas supplied in August 2021, a total of 131.35bcf was commercialised, consisting of 40.22bcf and 91.13bcf for the domestic and export markets respectively.
This translates to an average total supply of 1,297.54mmscfd to the domestic market and 2,939.31mmscfd of gas to the export market for the month.
Total gas supply for the period of August 2020 to August 2021 stood at 2,792.28bcf out of which 537.51bcf and 1,245.93bcf were commercialised for the domestic and export markets respectively.
In the downstream sector, a total of 1.532billion litres of white products were sold and distributed by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the NNPC, in the month of August 2021 for a total sum of ₦203.43billion.
