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Nigeria’s crude oil output properly accounted for, DPR clarifies

The Department of Petroleum Resources (DPR), Thursday, provided clarifications on the accounting process it uses for Nigeria’s crude oil production and lifting, while it stated that the country’s crude oil output is properly accounted for.

In a statement in Abuja, Director of the DPR, Engineer Sarki Auwalu, disclosed that majority of the crude oil theft recorded in the country’s petroleum industry occurs in the inland terminals. He explained that it was practically impossible to steal crude oil from the offshore terminals, which are in the majority, because of the difficult terrains in which they are located and their structure.

Auwalu, who made these clarifications while speaking before the House of Representatives Ad-hoc Committee on Oil Theft in Abuja, told the committee chaired by Hon. Peter Akpatason, that the DPR was the agency of government saddled with the responsibility of monitoring crude oil production and lifting.

He clarified the process it uses for accounting for crude production in the country, noting that most incidents relating to oil theft occurs from the land terminals.

He said: “I will like to use this opportunity to give a brief on how we account for hydrocarbon in this nation.
”I think that will provide a better view for this committee as well as Nigerians. The process starts from the well because every crude oil comes from well, and you cannot drill a well without knowing the capacity of that well to produce.

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Source: SweetCrudeReports

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