Nigeria’s Exact  Volume  of Crude Oil Production not in doubt, says DPR

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CBN

DPR Denies Uncovering Missing 2m Barrels Of Crude Production In SPDC  Records – Independent Newspapers Nigeria
The Department  of Petroleum  Resources  has debunk the claim by  the Executive Secretary of the Nigerian Extractive Industry Transparency Initiative (NEITI) that the exact volume of Nigeria’s crude production is not known.
 The agency  said it wish to state that this assertion is false in its entirety and should be disregarded, as every litre of crude produced in Nigeria is adequately captured during the process of extraction.
The monitoring of crude oil production  and accounting is the primary responsibility of the Department  of Petroleum Resources (DPR) and the basis for determination of
the government’s take through royalty payments by operators for sustainable development.
As a further step to boosting crude accounting process from production to export, DPR stated that it recently launched the National Production Monitoring System (NPMS), an online platform for direct and independent acquisition of production data from oil and gas facilities in Nigeria.
NPMS as an electronic data transmission tool at production and export terminals is  designed to better predict the performance of oil and gas reservoirs and better production forecasting.
“The NPMS tool enables DPR to exercise surveillance, perform production monitoring and data analysis for utilisation and forecasting”.
DPR as business enabler and opportunity house  it explained will continue to develop robust and strategic initiatives to ensure timely and accurate payment of rents, royalties and other revenues due to the government.

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