The Nigerian National Petroleum Corporation (NNPC) reported a decrease in oil pipeline vandalism activity in January this year. This was revealed in its Monthly Financial and Operations Report (MFOR) that was released on Tuesday.
Pipeline vandalism has been a major act of sabotage in the nation’s oil industry. A total of 1,161 pipeline points were vandalized across the country from January 2019 to September 2020. The country spends about N60 billion a year to repair and maintain the vandalized points.
The NNPC previously stated that an average of 200,000 barrels of crude oil each day were usually lost to vandals.
The Monthly Financial and Operations Report released, showed that cases of vandalism declined by 37.21 per cent across the country in January 2021.
In January 2021, a total of 27 pipeline points were vandalized, down from 43 points in December 2020.Mosimi Area accounted for 74% of the vandalized points, while Kaduna Area and Port Harcourt Area accounted for the remaining 22% and 4%, respectively, according to the NNPC, which stated that it was working in collaboration with local communities and other stakeholders to reduce and eventually eliminate the menace.
The corporation also supplied 1.44 billion litres of Premium Motor Spirit (petrol) across the country during the period under review, translating to 46.30 million litres per day, according to the report.
In terms of gas, a total of 223.55 billion cubic feet was produced, equating to an average daily production of 7,220.22 million standard cubic feet. The output represents a 4.79 percent increase over December 2020’s output. During the month, the daily average gas supply to power plants increased by 2.38 percent.
Joint Ventures (JVs), Production Sharing Contracts (PSCs), and Nigerian Petroleum Development Company (NPDC) production contributed 65.20 percent, 19.97 percent, and 14.83 percent, respectively, to total national gas production.
Out of the total gas output in January 2021, a total of 149.2 cubic feet of gas were commercialized, with 44.29 cubic feet for domestic markets and 104.95 cubic feet for export markets.