2007 Fourth Quarter Statistical Highlights

Transcription

1 QUARTERLY P INFORMION 2007 Fourth Quarter Statistical Highlights For further enquires and comments, please contact us at: cpdd@nnpcgroup.com Website: CORPORE PLANNING & DEVELOPMENT DIVISION (CPDD) Manager GMIS-CPDD: Tel adamu_mhya@yahoo.co.uk FOURTH QUARTER, CORPORION

2 CRUDE OIL AND GAS PRODUCTION Total Crude Oil and Condensates produced during the period was million barrels, averaging 2.13 million barrels per day (mbd). This shows a decrease of 7.83 million barrels or 3.84% over third quarter 2007, production figure of million barrels. In the gas sector, a total of Billion Standard Cubic Feet (BSCF) of Natural Gas (associated) was produced during the quarter. CRUDE OIL LIFTING A total of million barrels of crude oil and condensates was lifted for both export and domestic purposes. The lifting from JV amounted to million barrels,, PSC/SC was million barrels, while the remaining lifting 3.02 million barrels was lifted by independent companies. CRUDE OIL EXPORT BY DESTINION In the Fourth quarter 2007, a total volume of 206,339,431 barrels of Crude Oil and Oso Condensate was exported by NNPC and the Oil Producing Companies to five (5) major regions of the World: North America, 110,472,278 barrels or 53.54%; Europe, 36,813,311 barrels or 17.84%; Asia and Far East 22,049,298 barrels or 10.69%; South America, 22,829,907 barrels or 11.06%. The remaining 14,174,637 barrels or 6.87% were exported to countries in Africa REFINERY OPERIONS Crude Oil Balance: In the Fourth Quarter 2007, the three refineries (KRPC, PHRC and WRPC) had 263,488 mt (1,922,893 bbls) of dry crude oil as opening stock and received 542,970 mt (3,960,475 bbls) of dry crude oil. The total crude oil available for processing, therefore, stood at 806,458 mt (5,883,368 bbls). Out of this, 593,969 mt (4,337,238 bbls) of crude oil was processed into different petroleum products. The closing stock at the end of the Quarter was 212,489 mt (1,546,130 bbls) of crude oil. The average daily throughput for each refinery in metric tons per day was: KRPC 0; PHRC 6,456 and WRPC 0.00; thus leaving their respective capacity utilization for the Quarter as 0%, 22.45% and 0.00% respectively. Production Returns: The three (3) refineries KRPC, PHRC and WRPC produced 675,453 mt of intermediate and finished products and 968,485 mt was evacuated by PPMC during the quarter. The major petroleum products evacuated include PMS = 292,319 mt, DPK = 77,638 mt, AGO = 156,725 mt, Fuel Oil = 254,409 mt. DOMESTIC P PRODUCTS DISTRIBUTION: The Major and Independent Petroleum Products Marketing Companies distributed a total of 2, million litres of different petroleum products in the 36 States and FCT (Tables 12 and 13). This shows a decrease of million litres or 2.33% when compared with the total volume distributed in the Third Quarter, 2007 (3, million litres). The Major Petroleum Products Marketing Companies sold 2, million litres (70.64% of the total sales) of petroleum products, while the Independent Petroleum Products Marketing Companies sold the remaining million litres (29.36%). Note: PANOCEAN and NPDC gas production & utilization were not available at the time of this report. On the petroleum products distribution slate, Premium Motor Spirit (PMS) had the highest figure of 2, million litres (78.38% of the total) reflecting average daily sales of million litres. This was followed by Automotive Gas Oil (AGO) with total sales figure of million litres (11.59%) averaging 3.71 million litres per day. Dual Purpose Kerosine (DPK) came third in the petroleum products distribution slate with total sales figure of million litres 4.53%) giving an average daily sales figure of 1.45 million litres. The distribution by the Major Marketers shows Oando Plc carrying 17.71%,Total Plc 15.61%, African Petroleum 11.26%, Texaco 9.38%, Conoil 7.87%, Mobil 4.97%, and NNPC Retail 3.84%. viii CORPORION

3 UPSTREAM: 2007 FOURTH QUARTER HIGHLIGHT OF ACTIVITIES National Crude Oil Production & Lifting (Million Barrels) COMPANY PRODUCTION LIFTING NNPC COMPANY TOTAL JVC : SPDC *EXXONMOBIL CHEVRON ELF NAOC/ PHILLIPS TEXACO PAN-OCEAN Sub - Total AF-JV PSC : ADDAX SNEPCO NAE ESSO EXP&PROD NIG LTD Sub - Total SERVICE CONTRACT: AENR AENR (OKONO) Sub - Total INDEPENDENT/SOLE RISK: NPDC 2.00 LAS/SOGW TOPCON CAMAC CAVENDISH CONSOLIDED CONTINENTAL DUBRI EPGA/CONOCO/EXPRESS AKRI-OGUTA AMNI SHEBAH NPDC (OKONO) NIG.DELTA PET. RES. LTD PLFORM P MONI PULO Sub - Total MARGINAL FIELDS Sub - Total GRAND-TOTAL National Crude Oil Export By Destination (Million Barrels) REGION/COUNTRY QUANTITY TOTAL Distribution (%) NORTH AMERICA: 4.24 Canada U.S.A SOUTH AMERICA: Argentina Brazil - Urugay 1.95 Peru 2.00 Chile - Venezuela - Mexico 4.08 Puerto Rico Virgin Island - CARRIBBEAN ISLAND - Virgin Island - EUROPE: Germany 3.91 France 8.15 Italy 4.13 Netherlands 4.50 Portugal 2.93 N,WE 1.00 Spain 9.34 Sweden - United Kingdom Switzerland - Scotland - ASIA & FAR EAST: Australia - Japan - Singapore - India Indonesia 1.48 Japan 0.95 UAE - Korea Taiwan - China - New Zealand - Thailand - Israel - AFRICA: Ghana 2.10 Senegal 1.00 Mediterranean 1.15 Morocco - Equitorial Guinea - Algeria - Cote D'ivore - Cameroun 3.99 South Africa 1.34 Others GRAND-TOTAL NOTE: JV = Joint Venture; AF = Alternative Funding; PSC = Production Sharing Contract; SC = Service Contract. 2 CORPORION

4 UPSTREAM: 2007 FOURTH QUARTER HIGHLIGHT OF ACTIVITIES NNPC CRUDE OIL LIFTING BY OIL COMPANIES NNPC REGIME TOTAL REGIME EXPORT DOMESTIC TOTAL JV 71,428, ,037, ,391, ,428, ,857, PSC/SC 27,716, ,585, ,157, ,742, ,459, National Gas (Associated) Production (BSCF) JV: COMPANY GAS PRODUCED SHELL 216,817, ,206,360 24,610, MOBIL 131,210,256 95,287,000 35,923, CHEVRON 54,128,565 9,302,029 44,826, ELF 183, ,432 27, NAOC 106,951,358 68,329,164 38,622, TEXACO PAN-OCEAN SUB - TOTAL 509,291, ,280, ,010, PRODUCTION SHARING COMPANY TOTAL GAS UTILISED GAS FLARED % FLARED ADDAX 42,240,460 5,035,314 37,205, ESSO 15,546 11,470 4, INDEPENDENT 3,020, ,020, SUB - TOTAL 42,256,006 5,046,784 37,209, SOLE RISK/INDEPENDENTS: NPDC TOTAL 102,166, ,622, ,549, ,171, ,337, SUB - TOTAL GRAND-TOTAL 551,547, ,327, ,219, NOTE: JV = Joint Venture; AF = Alternative Funding; PSC = Production Sharing Contract; SC = Service Contract. 3 CORPORION

5 Refineries Statistics DOWNSTREAM: 2007 FOURTH QUARTER HIGHLIGHT OF ACTIVITIES Opening Stock Quantity Received Quantity Processed Closing Stock MT Barrels MT Barrels MT Barrels MT Barrels K R P C 24, , , ,643 P H R C 213,919 1,559, ,970 3,960, ,969 4,337, ,920 1,183,216 W R P C 25, , , ,271 T O T A L 263,488 1,922, ,970 3,960, ,969 4,337, ,489 1,546,130 Product Stock Level Initial Stock(MT) Production(MT) Evacuation (MT) Final Stock (MT) PMS DPK AGO FUEL OIL PMS DPK AGO FUEL OIL PMS DPK AGO FUEL OIL PMS DPK AGO FUEL OIL KRPC 29,427 11,497 11,315 15, (1,722) (4,080) (66) - (244) - PHRC 20,835 22,036 63, ,864 25,867 74, , , ,375 74, , ,409 6,858 22,201 50,448 77,325 WRPC 29,366 9,264 12,453 17,110 1,928 - (103) (4,825) 128,700 3,391 8,865 - (13,707) 5,558 3,485 12,285 NIONAL 79,628 42,797 87, ,007 27,795 74, , , ,319 77, , ,409 (6,915) 27,759 53,689 89,610 PHRC = Port Harcourt Refining Company WRPC = Warri Refining and Petrochemical Company. KRPC = Kaduna Refining and Petrochemical Company. PMS = Premium Motor Spirit. DPK = Dual Purpose Kerosine. AGO = Automotive Gas Oil. MT = Metric Tons. 4 CORPORION

6 DOWNSTREAM: 2007 FOURTH QUARTER HIGHLIGHT OF ACTIVITIES Distribution of Petroleum Products by Companies Distribution of Petroleum Products by State PRODUCTS ' 000Litres COM PANIES PM S DPK AGO FUEL OIL African Petroleum 292, , , Conoil 148, , , Mobil 136, , Texaco 214, , , Total 349, , , , Oando 374, , , , NNPC Retail 80, , , Major Marketers 1,597, , , , Independent Marke 712, , , , TOTAL 2,309, , , , Distribution of Petroleum Products by Zone PRODUCT S '000Litres ZONES PM S DPK AGO FUEL OIL South West 1,170, , , , South East 78, , , , South South 408, , , , North West 154, , , North East 110, , , North Cental 251, , , Abuja 136, , , TOTAL 2,309, , , , PRODUCTS ' 000Litres STE PM S DPK AGO FUEL OIL ABIA 19, , , ADAMAWA 21, , , AKWA IBOM 14, , , ANAMBRA 8, , BAUCHI 23, , , BAYELSA BENUE 21, , BARNO 24, , CROSS RIVER 22, , , DELTA 69, , , EBONYI 2, , EDO 37, , , EKITI 9, ENUGU 27, , , , GOMBE 13, , , IMO 20, , , JIGAWA 18, KADUNA 57, , , KANO 76, , , KSINA 17, KEBBI 9, KOGI 14, KWARA 23, LAGOS 416, , , NASARAWA 20, , NIGER 63, , OGUN 72, , , ONDO 26, , , OSUN 16, OYO 119, , , PLEAU 29, , RIVERS 79, , , SOKOTO 17, , TARABA 7, YOBE 18, ZAMFARA 15, , ABUJA 136, , , TOTAL 1,597, , , , PHRC = Port Harcourt Refining Company WRPC = Warri Refining and Petrochemical Company. KRPC = Kaduna Refining and Petrochemical Company. PMS = Premium Motor Spirit. DPK = Dual Purpose Kerosine. AGO = Automotive Gas Oil. MT = Metric Tons. 5 CORPORION

7 GLOSSARY OF TERMS AENR Agip Energy and Natural Resources AF Alternative Funding AGO Automotive Gas Oil API American Petroleum Institute K Aviation Turbine Kerosine bbls Barrels Bscf Billion Standard Cubic Feet C 3 Propane C 4 Butane COMD Crude Oil Marketing Division DPK Dual Purpose Kerosine EPCL Eleme Petrochemical & Company Limited HHK House Hold Kerosine HPFO High Poor Fuel Oil JVC Joint Venture Company KRPC Kaduna Refining and Petrochemical Company LPFO Low Poor Fuel Oil LPG Liquified Petroleum Gas M 3 Cubic Metres mbbls Million Barrels mmscf Million Standard Cubic Feet mmbopd Million Barrels Per Day mscf Thousand Standard Cubic feet N/A Not Available NAFCON National Fertilizer Company of Nigeria BTU British Thermal Unit NAOC Nigeria Agip Oil Company NEPA National Electric Power Authority NGC Nigerian Gas Company NGL Natural Gas Liquids NNPC Nigerian National Petroleum Corporation NPDC Nigerian Petroleum Development Company OML Oil Mining Lease OPL Oil Prospecting Licence Petrochem. Petrochemical Products Pet. Jelly Petroleum Jelly PHRC Port Harcourt Refining Company PMS Premium Motor Spirit PPMC Pipelines and Products Marketing Company Ltd PSC Production Sharing Contract R/Fuel Refinery Fuel W/o Work over WRPC Warri Refining and Petrochemical Company MD Measured Depth TVD True Vertical Depth SCF Standard Cubic Feet HOG High Octane Gasoline CORPORION