The
It also said about 218.37billion Cubic Feet gas was produced in the month under review.
This was contained in the NNPC Monthly Financial and Operations Report for
The report blamed the over 300 per cent decline in
It said the pandemic led to reduced exports and dwindling world oil consumption; combined with deficits posted by the refineries, among others.
The NNPC report indicated a total crude oil and gas export sale of
'Of the total sales, crude oil export sales contributed
'
Also, it said between 2019 and 2020 March,
It explained that period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 69.37 per cent, 21.67 per cent and 8.95 per cent, respectively, to the total national gas production.
According to the report, out of the 218.37BCF of gas supplied in
It said 1,235.56mmscfd of gas was supplied to the domestic market and 3,817.40mmscfd of gas supplied to the export market for the month.
Similarly, it said 55.63 per cent of the average daily gas produced was commercialized, while the balance of 44.37 per cent was re-injected and used as Upstream fuel gas or flared.
Within the period under review, it noted a decrease in pipeline vandalism compared to February.
It said only 19 pipeline points were vandalized representing about 47 per cent decrease from the 32 points recorded in
'Atlas Cove-Mosimi accounted for 53 per cent, while Mosimi-Ibadan recorded 21 per cent and Suleja-Minna accounted for the remaining 26 per cent,' it said.
The NNPC, however, assured that it, in collaboration with local communities and other stakeholders, would continuously strive to reduce the menace to the barest level.
© Pakistan Press International, source