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August 19, 2022

NNOGC Exploration & Production records 4.09% increase in production in April 2020

By Carmen

NNOGC Exploration & Production recorded an increase of 4.09% in total oil and gas production to 359.24 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of NNOGC Exploration & Production grew 32.84% in April 2020 from 270.44 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 31.78% from the same period in 2019.

The company’s oil production grew 3.53% to 319.57 bd in April 2020 from the previous month, while gas production up by 9.52% to 0.23 mmcf/d. On a YTD basis, oil production increased by 33.65% in 2020 when compared with the same period in 2019, while gas production rose by 15.25%. Out of the total oil and gas production in April 2020, oil production held an 88.96% share, while gas production held an 11.04% share.


Looking at the states where NNOGC Exploration & Production recorded the highest oil and gas production in April 2020, Utah figured at the top, accounting for a 100% share. The company produced 326.01 boe/d in the state in April 2020, an increase of 2.49% from the previous month.

On a YTD basis, the company produced 1,225.28 boe/d in Utah in 2020, recording an increase of 21.56% from the same period in 2019.



NNOGC Exploration & Production witnessed the highest oil and gas production in San Juan county in April 2020. Out of all the counties, San Juan county held a share of 100% for the firm. The company produced 359.24 boe/d in San Juan county in April 2020, an increase of 4.09% in production when compared with the previous month.

On a YTD basis, the county produced 1,328.24 boe/d for the company in 2020, a 31.78% increase from the same period in 2019.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

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