Navy targets 2m bpd oil production before December ending

The Nigerian Navy has expressed optimism of ensuring the the 2 million bpd production before the end of the year.

The Commander of the Nigerian Navy Ship (NNS) Pathfinder, Commodore Cajethan Aniaku Gabe the assurance during the command’s fourth quarterly route march in Port Harcourt, Rivers State.

He reiterated Navy’s commitment towards intensifying the fight against illegal oil bunkering, protecting offshore oil installations, and safeguarding the nation’s critical maritime economic assets.

The exercise, which involved an 8-kilometer march, is part of the Nigerian Navy’s broader strategy to maintain operational readiness and enhance the efficiency and physical fitness of its personnel.

The initiative, spearheaded by the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, aligns with the Navy’s mandate of securing Nigeria’s maritime domain, which is vital to achieving economic stability through the protection of the oil and gas sector.

Speaking at the event, Commodore Aniaku highlighted the importance of the Navy’s role in ensuring the safe and uninterrupted production of crude oil, which accounts for a significant portion of Nigeria’s revenue.

According to him, the Navy’s ongoing operations have contributed to a recent surge in daily crude oil production, which now stands at 1.8 million barrels per day.

“This exercise is designed to keep our personnel physically fit and motivated to carry out their duties effectively,” Aniaku said.

“Our current efforts have contributed significantly to increasing crude oil production to 1.8 million barrels per day. With sustained commitment, we are optimistic about achieving the target of 2 million barrels per day by the end of the year.”

Aniaku said Navy’s operational success has been instrumental in restoring investor confidence in the Nigerian oil sector amid significant challenges from oil theft, pipeline vandalism, and piracy.