Pipeline vandalism, deteriorating condition of the onshore and offshore facilities and other factors are taking their toll on oil production, the Director, Centre for Energy Studies, University of Port Harcourt, Prof. Wunmi Iledare, has said.
Iledare was quoted in the media as saying that the country is unable to produce enough crude for export because of pipeline vandalism, which has characterised activities in the Niger Delta region. He noted the absence of oil storage capacity and poor offshore/onshore facilities.
He said despite significant reduction in pipeline vandalism, it has not translated to increased oil production.
Iledare said: “The decline in crude oil production in Nigeria can be attributed to pipeline vandalism, dwindling capacity of onshore and offshore facilities, among other issues.
In recent times, Nigeria has found it difficult to expand its onshore facilities, due to inbility of the Federal Government to invest significantly in that area.”
The don said investment in offshore and onshore projects has reduced, adding that it has frustrated the government’s ambition of increasing oil output.
In recent times, the country has found it difficult to expand its onshore facilities, due to inbility of the Federal Government to invest significantly in that area.”
The don said investment in offshore and onshore projects has reduced, adding that it has frustrated the government’s ambition of increasing oil output.