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HomeTop NewsNo accurate data on Nigeria crude oil production, says NEITI

No accurate data on Nigeria crude oil production, says NEITI

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True data on Nigeria crude oil production, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said.

According to the NEITI Executive Secretary, Orji Ogbonnaya-Orji, the exact amount of crude oil produced in Nigeria had remained unknown because of the absence of meters at wellheads and the lack of capacity to monitor deep offshore fields.

Ogbonnaya-Orji, who was on a courtesy call on the Director-General of the Federal Radio Corporation of Nigeria, Mansur Liman, said NEITI had in all its oil and gas audit reports recommended that meters be placed on oil wellheads to measure the volume of crude oil produced across the country.

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“We do not have capacity to go deep shores to know how much we are producing. As we speak, it is very difficult for any Nigerian to ascertain how much we are actually producing.

“This is one of the challenges that NEITI is dealing with. Because if you do not know how much you are producing how would you know how much you are expected to earn?

“The companies that go deep shore that are involved on offshore exploration, none of them are indigenous Nigerian companies and they cannot really protect the interest of the country as much as Nigerians can.

“But we must concede to those companies, they are doing a great job here because without them there will be no oil industry.”

The NEITI helmsman described his visit to FRCN as a home coming, having worked there as a journalist for many years.

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