The Nigerian Petroleum Development Company , an upstream subsidiary of the Nigerian National Petroleum Corporation has gained up to 3.6 billion barrels of oil and 15 trillion cubic feet of gas reserves from the 29 oil blocks ceded to the agency, its Managing Director, Mr. Yusuf Matashi, has disclosed.
“We are paying greater focus on our 100 per cent assets production. NPDC assets will deliver a lot in terms of meeting its volume targets. Similarly, the statement explained that the NPDC would in no distant time unveil a large liquefied petroleum gas and propane storage and dispensing facility in Oredo part of Benin in Edo State, to fast-track the consumption of LPG in Nigeria.
He said the NPDC would by the end of 2019, be producing 40 per cent of Nigeria’s LPG requirements, with the facility centrally positioned to supply LPG to Lagos; states in the south-south, south-east and northern parts of the country to grow LPG consumption across the country.
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