Which state is the highest oil producing in Nigeria?

1. Akwa Ibom State. Akwa Ibom is the largest oil producing state in Nigeria accounting for 31.4% of the total oil produced daily.

Which states have oil in Nigeria?

The nine top oil producing states in Nigeria are:

  • Akwa Ibom- the largest oil producer with 31.4% (504,000 BPD)
  • Delta – 21.56% (346,000 BPD)
  • Rivers – 21.43% (344,000 BPD)
  • Bayelsa – 18.07% (290,000 BPD)
  • Ondo – 3.74% (60,000 BPD)
  • Lagos – 2.64% (40,000 BPD)
  • Edo – 2.06% (33,000 BPD)
  • Imo-1.06 % (17,000 BPD)

Where is most of Nigeria’s oil located?

coastal Niger Delta Basin
The most productive region of the nation is the coastal Niger Delta Basin in the Niger Delta or “South-south” region which encompasses 78 of the 159 oil fields. Most of Nigeria’s oil fields are small and scattered, and as of 1990, these small unproductive fields accounted for 62.1% of all Nigerian production.

How much oil does Nigeria produce?

With a maximum crude oil production capacity of 2.5 million barrels per day, Nigeria ranks has Africa’s largest producer of oil and the sixth largest oil producing country in the world.

Does northern Nigeria have oil?

One year after the discovery of over one billion barrels of crude oil in the North, the Federal Government and the Nigerian National Petroleum Corporation Limited are yet to come clean on the true state of activities in the nation’s inland basins.

Is Edo state an oil producing state?

The nine oil-producing states in Nigeria shared N450. 60 billion from the federation account through the 13 percent derivation formula in 2021. Data from the National Bureau of Statistics (NBS) showed that Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Lagos and Abia received the fund.

How long will Nigeria’s oil last?

Nigeria has proven reserves equivalent to 237.3 times its annual consumption. This means that, without Net Exports, there would be about 237 years of oil left (at current consumption levels and excluding unproven reserves).

How many refineries are in Nigeria?

Petroleum Refineries and Petrochemicals There are currently five (5) refineries in Nigeria; of which four (4) plants are owned by the Nigerian Government through the Nigerian National Petroleum Corporation (NNPC), while the fifth is owned and operated by Niger Delta Petroleum Resources (NDPR).

How long will Nigeria crude oil last?

What is the latest state that discovered oil in Nigeria?

The northern part of Nigeria has joined the league of oil-producing regions, as the Nigerian National Petroleum Corporation, NNPC, Friday, announced that it has discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states.