The Nigerian National Petroleum Company Limited, NNPC Ltd., has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market.
The NNPC Ltd. said 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.
The Utapate crude oil blend is located offshore Akwa Ibom State in Nigeria.
The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, in a statement on Monday explained that Utapate’s current crude oil production is at 28,000 barrels per day (bpd).
Mr Soneye disclosed that it has potentials to increase its production to 50,000 barrels per day while the sulphur content of the new crude is 0.0655 per cent.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!