The NNPC Ltd has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market.

From Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude oil blend commenced operations in July 2024, as its first cargo headed for Spain.

Located offshore Akwa Ibom State in Nigeria, Utapate’s current crude oil production is at 28,000 barrels per day, with potentials to increase it to 50,000 barrels per day. Also, the sulphur content of the new crude is 0.0655%.

Spanish oil giant Repsol, won the tender for the initial cargo of 950,000 barrels of the new crude blend which is comparable to the much sought after Amenam crude. Gulf Transport and Trading, another leading crude oil dealer, have also secured the cargoes’ tenders for August and September 2024.

During the Argus European Crude Conference in London last year, NNPC Ltd announced the launch of Nembe crude oil, produced by the NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).

Similar to the Nembe crude oil grade, the Utapate crude oil blend has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.

This remarkable achievement signals the commitment of the NNPC Ltd to increase Nigeria’s crude oil production and grow reserves through the development of new assets.

In a related development,Kyari has Outlined Vision for Nigeria’s Energy Future while saying that it
has perfected plans to deliver 12 Compressed Natura Gas (CNG)Mother Stations Petroleum Explorationists (NAPE) Annual Internationa Conference and Exhibition
deveop new refining capacities and expand our retail network,” Kyari stated.
growth and energy affordability.
He disclosed this at the opening ceremony of the 42nd Nigeria Association of
resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable
This, he added, wi bring about expansion of gas infrastructure such as the
“Currently, NNPC Ltd suppies over 1.6 billion standard cubic feet (bscf) of gas per
…Says NNPC To Unveil Twelve CNG Stations Soon
day to the domestic market through infrastructure we either own outright or
Gas Pipelines projects and the development of ceaner energy options, such as
AjaokutaKadunaKano (AKK) Gas Pipeline and the ObiafuObrikomOben (OB3)
supply for domestic market.
Growth and Affordability” in Lagos,on Monday.
transactions in order to stabiize the loca currency and reguate forex markets.
Expaining that the Company is expanding its efforts to enhance domestic energy
and Mini LNG Plantssoon,as part of efforts to boost the existing 1.6bscf of gas
…Insists Company Not Sabotaging Domestic Refineries
“The energy trilemma is a profound responsibiity we shoulder as stewards of
Nigerias energy future.NNPC Ltdis working tirelessy to improve our supply chain,
The GCEO, who was Specia Guest of Honour at the occasion, aso said the company
balance sheet,” Kyari added.
operate with partners. This distribution network is entirely managed on NNPC Ltd.’s
themed: “Resolving the Nigeria Energy Triemma: Energy Security, Sustainable
According to him, NNPC Ltd is set to coaborate with private refineries to ensure
Liquiefied Natura Gas (LNG) and Compressed Natural Gas (CNG).
affordable and sustainable petroleum products supply; Naira-for-crude
Group CEO of NNPC Ltd, Mele Kyari has reiteratedthe company’s commitment to
access, the NNPC Ltd helmsman said the next 3-6 months will see significant