It was gathered that 567,302 barrels of the low-sulphur crude were produced in June while 309,434 barrels were pumped out in May when the crude was first produced.
In a statement in August, the Nigerian National Petroleum Company Limited disclosed that it had commenced the sales of the new crude oil blend to the international market.
The Chief Corporate Communications Officer of NNPC, Olufemi Soneye, said the product was extracted from its Oil Mining Lease 13, a facility fully operated by NNPC Exploration and Production Limited.
“Utapate’s current crude oil production is at 28,000 barrels per day, with the potential to increase it to 50,000 barrels per day. Also, the sulphur content of the new crude is 0.0655 per cent,” Soneye said.
He added, “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, has also secured the cargoes’ tenders for August and September 2024.”
