Lagos FPSO facility to add 40,000 barrels per day to Nigeria’s crude oil production — Oil Minister

Oct. 12, 2024 - Nairametrics

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the FPSO facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, is nearing completion and will soon contribute an additional 40,000 barrels per day to Nigeria’s crude oil production. The Floating Production Storage and Offloading (FPSO) facility in Lagos is also in partnership with WAEP and ENSERV.

“Supporting local capabilities is essential to driving the increase in our crude oil production. “I was pleased to see the remarkable progress on the project, which will soon add 40,000 barrels per day to our national crude production.

Fluctuations in crude oil production have a major impact on the country’s fiscal stability...