NPDC set to emerge as Nigeria’s number one E&P company

HNPDC NNPCNigerian National Petroleum Corporation (NNPC) has set the target for its foremost upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), to emerge as number one exploration and production company in Nigeria

Dr Maikanti Baru, group managing director of NNPC, expressed satisfaction with the performance of the company, noting “it’s encouraging and the company is on a growth path and its processes and procedures fully in line to ensure that it delivers on its mandate set by NNPC.”

According to Baru, the NPDC production level is rapidly growing and is expected to hit the level of 500,000 bpd target from its current 230,000 bpd, thus placing NPDC as one of the highest producers in Nigeria.

Speaking during the 18th Annual General Meeting (AGM) of NPDC in Benin City, Yusuf Matashi, managing director of NPDC, commended the role of NNPC in supporting NPDC meeting its target and helping to place the company on the path of steady growth.

NPDC is further planning to establish an LPG plant with a capacity of 330,000MT per day, which, upon completion, is set to supply about 40 per cent of the country’s LPG demand by producing 1,000 trucks per day.

Established in 1988, NPDC began its operations from the Oredo field. Recently, the company is among the top four E&P companies as well as the largest supplier of domestic gas to industries in Nigeria.

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