Amid the declining crude production recorded in November 2023, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has expressed optimism that Nigeria can achieve crude oil production of up to 2 million barrels per day (bpd) and exceed the 2024 target of 1.7 million barrels per day (bpd).
Lokpobiri expressed this optimism during a stakeholder interactive session on Creating Value and Enabling Investments in Nigeria’s Oil and Gas Sector, hosted by Chevron Nigeria Plc yesterday.
This is in contrast to the decline in oil production which fell to 1.4mbpd in November 2023 according to data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC.
