NNPC boost oil production as Utapate crude grade hits global market - ITREALMS

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...OML 13 asset eyes 80,000 bpd by end of 2025

The NNPC Ltd has officially unveiled the Utapate crude oil blend, before the international crude oil market, reports ITREALMS.

NNPCL, ITREALMS recalled had in July, 2024, alongside its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain.

NNPC/Aiteo joint venture launches Nembe crude oil grade - ITREALMS

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The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new oil grade into the international crude oil market.

A press statement available to ITREALMS by the Chief Corporate Communications Officer, NNPC Ltd. Olufemi O. Soneye, disclosed that the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was revealed at the ongoing Argus European Crude Conference in London, on Tuesday.