The Nigerian Petroleum Development Company (NPDC) is one of the upstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC) that was established in 1988 to engage in the business of Oil and Gas Exploration and production. It currently has an equity production of about 180,000 barrels of oil per day.
The NPDC has 55 per cent equity in eight (8) blocks of Oil Mining Lease (OML) 4, 26, 30, 34, 38, 40, 41 and 42; Non-equity operations in four (4) blocks (OMLs 11, 20, 49 & 51) of selected NNPC Joint Venture fields; 60 per cent participatory interest in four blocks of OMLs 60, 61, 62 and 63 and 100 per cent ownership of six (6) blocks of OMLs 13, 64, 65, 66, 111 and 119. In summary, the Company is involved in 29 concessions which comprise 22 OMLs and seven Oil Prospecting leases (OPLs), which includes seven deep-water concessions.
NPDC recently successfully turned around OML 40 asset from 0 bpd to 12, 000 bpd which made it the seventh largest owner and operator of Floating Production Storage and Offloading (FPSO) in Nigeria, with FPSO Mystra having capacity to produce 1.03 million of crude.
NPDC is the biggest and largest gas producer in the country, and is also the highest supplier of gas to the domestic market highest with an average of 700 million standard cubic feet per day. The Utorogu Non-Associated Gas 11 plant was completed recently adding 150 mmscfd; the Oredo 2 gas plant also adds 100 mmscfd and the successful re-entry of
Odidi has led to an addition of 40 mmscfd of gas.
- Oil & Gas Production in Nontechnical Language
- Oil and Gas Production Handbook: An Introduction to Oil and Gas Production, Transport, Refining and Petrochemical Industry
- The Oil & Gas Industry: A Nontechnical Guide
- Upstream: Oil and Gas Exploration and Production: An Overview