The
dwindling fortunes of marginal fields’ operators in the Nigeria’s oil and gas
sector continued, as the subsector contributed 2.41 per cent to Nigeria’s total
crude oil production in the month of March 2014.
According
to data from the Nigerian National Petroleum Corporation, NNPC, on oil and gas
activities for the month of March 2014, the marginal fields’ operators produced
1.645 million barrels of crude oil, representing a daily average of 53,086.26
barrels.
This
is against a total of 68.367 million barrels produced by all the operations in
the sector in the month under review. This translates to an average daily crude
production of 2.205 million barrels, showing that the marginal fields’
operators are yet to make significant impact on Nigeria’s petroleum sector.
The
Joint Venture, JV companies dominated crude production in the period under
review, accounting for
