NIGERIAN NATIONAL PETROLEUM CORPORATION

JANUARY DECEMBER 1999

CORPORATE PLANNING AND DEVELOPMENT DIVISION (CPDD)

ii

TABLE OF CONTENTS

S/N 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43.

Executive Summary General Review of Nigerias Petroleum Industry Activities in 1999 1999 Seismic Activities: Exploration 1999 Seismic Activities: Processing and Re-processing 1999 Rig Operations by Company 1999 Drilling Summary by Company Crude oil, Gas and Water Production - Full year 1999 Summary of Crude Oil Production compiled from Companys Monthly Report Crude Oil Production by Company, Crude stream Monthly Analysis of Crude Oil Production by Stream Monthly Analysis of Crude Oil Production by Company Nigeria Crude Oil Exports Analysis of Crude Oil Production vs Exports Nigeria Crude Oil Exports by Destination NNPC Equity Crude Oil Exports & Revenue by Types Gas Export and Revenue Gas Production and Utilization by field Summary of Gas Production and Utilization by Company Nigerian Gas Company: Gas Sales Joint Venture Gas Sales Statistics Total Crude Oil and Gas Revenue Flow Nigerian Crude Oil Realizable Prices Average Spot Prices of OPEC Reference Basket and Some Selected Crudes Nigerian Crude Oil Production and Exports (1961 1999) Nigerian Natural Gas Production and Disposal (1961 1999) World Crude Oil Production and Exports (1961 1998) Crude Oil Production in OPEC Member Countries (1961 1999) OPEC & Nigeria: % Contribution to World Crude Oil Production and Exports Nigerian Crude Oil Reserves and Production Ratio 1999 Refinery Crude Oil Balance Crude Oil Received Crude Oil Processed Finished Products Refinery Production Returns Refinery Fuel and Loss Statistics Domestic Consumption of Petroleum Products by States Petroleum Products Distribution by Marketing Company Bunker Sales Report Petroleum Product Exports Petroleum Products Imports Annual Petroleum Products Sales in Nigeria Petroleum Products Retail Price Trend Glossary of Terms

Page 1 3 10 11 12 13 14 24 25 26 27 28 30 31 33 34 35 44 46 47 48 49 50 51 52 53 54 55 56 57 60 62 64 66 67 68 70 71 72 74 76 78

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1

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY

Joint Venture Companies (JVCs) acquired a total of 1,988 square kilometers of 3-D Seismic

data while 512 kilometers of 2-D and 10,888 square kilometers of 3-D seismic lines were

processed and reprocessed. In all 20 rigs were in operations both onshore and offshore. A

total of 125 wells were spudded/re-entered involving nine (9) Exploration, six (6) Appraisal

and eighty-six (86) Development wells, while twenty-four (24) wells were worked over.

Total crude oil production including condensate stood at 774,703 million barrels averaging

2.122 million barrels per day. Total crude oil exports amounted to 678.111 million barrels

averaging 1.858 million barrels per day. Of this, the Federation (NNPC) Equity oil exported

stood at 342.960 million barrels (50.58%) while that of Joint Venture Companies (PSCs)

were 335.152 million barrels (49.42%).

Total revenue generated into Federation Account amounted to $7.343 billion. The revenue

was made up of $.521 billion from NNPC oil and gas equity sales, $1.060 billion from

Royalties, $549.79 million from PPT and $211.44 million from other sources.

A total of 1,328 Billion standard cubic feet (Bscf) was produced during the year by all the oil

companies operating in Nigeria in 1999. About 798.42 Bscf representing 60.11% of the total

production was flared.

Nigerian Gas Company (NGC) sold 119.12 Bscf of natural gas for the total sum N3,937

million while Shell Petroleum Development Company (SPDC) made sales of 84.686 Bscf at

N724.909 million.

2

Crude oil supplies to the local refineries by Pipelines and Products Marketing Company

(PPMC) were 65.980 million barrels, while 66.409 million barrels were processed into

petroleum products by three refineries. This means that the refineries took about 430,120

barrels from stock to be able to process 66.409 million barrels. Total petroleum products

produced by the refineries stood at 7.758 million metric tons (57.148 million barrels).

PPMC evacuated 7.348 million metric tins of petroleum products from all the domestic

refineries. It imported about 2.639 million metric tons of petroleum products into the country.

In all about 9.988 million metric tons of petroleum products were made available for

consumption.

A total of 2.066 million tons of petroleum products were exported, while 754,959 metric tons

of AGO and LPFO were sold as bunkers.

3

GENERAL REVIEW OF NIGERIAS PETROLEUM INDUSTRY

ACTIVITIES IN 1999

1. INTRODUCTION

This 1999 Annual Petroleum Bulletin is the third edition since the recommencement of the

publication with 1997 edition after ten years hiatus. In other to continue to improve upon the

quality of the bulletin, this edition took note of valuable comments and suggestions made by

readers to earlier publications and tried as much as possible to incorporate them.

The activities undertaken within Nigerian Oil and Gas Industry during 1999 are given herein

below. Following it is the detailed analysis of data in tabular and chart forms.

2. SEISMIC AND DRILLING ACTIVITIES

Seismic exploration activities were undertaken by only four (i.e Shell, Chevron, Elf and Pan

Ocean) of the seven Joint Venture Companies. They acquired a total of 1,988 square

kilometers of 3-D seismic data. This is a shortfall of about 751.40 square kilometers when

compared with that of 1998. This shortfall was due to community problems and late start of

one of the crews. There was no length of 2-D seismic data acquired compared with 864

kilometers acquired in 1998.

512 kilometers of 2-D and 10,888 square kilometers of 3-D seismic data were processed

and reprocessed by four Joint Venture Companies (Shell, Mobil, Chevron and Elf). Shell

processed and reprocessed 512 kilometers of 2-D and 7,417 square kilometers of 3-D

seismic data. None of the Production Sharing companies was involved in seismic activities

in 1999.

4

During the year 20 rigs both offshore and onshore were in operation compared with 30 in

1998. This might not be unconnected with falling crude oil prices witnessed in 1998 and

cash called crunch. Of the 20 rigs, in operation, 9 were offshore while 11 were onshore

(Land/Swamp). A total of 125 wells were spudded/re-entered. The wells were made up of

Exploration/Completion (3), Appraisal (4), Development wells (80) and Workovers (17).

3. CRUDE OIL PRODUCTION.

Available statistics show that the total crude oil production (including condensates) during

1999 was 774,703,222 barrels (bbls) which averaged 2,122,475 barrels per day (b/d). this

shows a decline of 31,740,777 bbls when compared with the total production figure of

806,443,999 bbls recorded in 1998. the decline is principally due to reduction in OPEC oil

production quota of member countries witnessed in 1999.

Shell Producing Development Company of Nigeria (SPDC) produced 257,773,550 bbls

(706,229 b/d) which is about 33.27% of the total oil production. This is followed closely by

Mobil which produced 224,563,433 bbls with an average of 615,242 b/d and about 28.99%

of the total. Chevron, Elf and Nigerian Agip Oil Company(NAOC) produced 153,101,125

bbls (419,455 b/d), 45,387,564 bbls (124,349 b/d) and 36,309,893 bbls (126,876 b/d)

respectively. Apart from JVCs, crude oil was also produced by Production Sharing

Companies particularly the indigenous ones. These include Addax 4,418,019 bbls, Dubri

98,160 bbls, Amni 2,125,401 bbls and Moni Polo 3,575,715bbls.

Of all crude streams, Qua Iboe Light had the highest production figure of 190,346,684 bbls

or an average of 521,498 b/d which is about 24.57% of the total production. This is followed

by Bonny Light with production figure of 144,849,499 bbls or an average of 396,848 b/d

which is about 18.69% of the other crude oil streams with their production figures, average

daily production and percentage contribution are given below:

5

Escarvos Light 142,686,672 bbls 390,222 b/d 18.42%

Forcados Blend 117,101,824 ,, 320,827 ,, 15.15%

Brass Blend 52,302,377 ,, 143,294 ,, 6.75%

Odudu Blend 34,709,115 ,, 95,093 ,, 4.48%

Pennington Light 17,290,831 ,, 47,372 ,, 2.23%

Ukpokiti 8,781,005 ,, 24,058 ,, 1.13%

Bonny Medium 7,891,536 ,, 21,621 ,, 1.02%

Antan Blend 6,307,381 ,, 17,280 ,, 0.81%

IMA 2,125,401 ,, 5,823 ,, 0.28%

Oso condensate accounted for about 34,216,749 bbls (93,743 b/d) representing about

4.42% of the total oil production while other condensates accounted for about 16,094,148

bbls (44,094 b/d) representing about 2.08% of the total.

4. CRUDE OIL EXPORTS

Total crude oil liftings for exports during the year 1999 amounted to 678,111,479 bbls

averaging 1,857,840 b/d. This shows a decline of about 28,154,019 bbls or 3.99% when

compared with total export figure of 706,265,498 bbls (1,934,974 b/d) recorded for 1998.

This was due principally to reduction in OPEC oil production quota of member countries

witnessed during the year under review.

Nigerian National Petroleum Corporation (NNPC) crude oil liftings for exports on behalf of

the Federal Government were 342,959,909 bbls (50.58%) while JVCs and PSCs liftings

were 335,151,570 bbls (49.42%).

Available statistics show that about 257,404,241 bbls (37.96%) were exported to North

America comprising Canada and USA while 162,836,881 bbls (24.01%) were exported to

6

Europe. Total exports to Asian and far east, Africa and South America were respectively

155,859,603 bbls (22.98%), 55,654,164 bbls (8.21%) and 46,356,590 bbls (6.84%)

5. CRUDE OIL AND GAS REVENUE FLOW INTO THE FEDERATION ACCOUNT

The total oil and gas revenue flow into the Federation Account for the year in review was

about $7,343.10 million, which is about $381.59 million or 5.20% higher than the figure of

$6,961.51 million recorded in 1998. This was due to rise in oil prices when OPEC reduced

oil production quota of member countries. The revenue was made up of 5,521.35 from

NNPC oil and gas equity, $549.79 million from Petroleum Profit Tax (PPT) $1,060.52 million

from Royalties and $211.44 million from other sources of revenue such as receipts from

taxes, penalty for gas flared, rentals etc.

6. NATURAL GAS PRODUCTION AND DISPOSAL

The country produced 1,328 Billion Standard Cubic Feet (Bscf) of associated natural gas

during the year. This shows a marginal increase of about 1.51% over that of 1998 which

was 1,3o8 Bscf. A total volume of 798.42 Bscf (60.11% of total production) was flared.

The breakdown for the disposal of the Natural Gas produced during the year is given below:

VOLUME (mscf)

Gas used as fuel 34,339,957

Gas sold to third parties 21,478,452

Gas Re-injected 368,355,076

Gas to EPCL 28,567,209

Gas to NGL 47,186,552

Gas to NGC 67,722,317

Gas Lift 44,955,767

7

Gas delivered to NNPC 352,326

Gas Flared 798,418,851

Nigerian Gas Company (NGC) sold 119.121 Bscf of natural gas for the total sum of

N3,937.477 million while Shell Petroleum Development Company of Nigeria (SPDC) made

sales of 84.686 Bscf of natural gas for N724.909 million.

7. DOMESTIC REFINING

During the period in review, the three domestic refineries comprising Warri Refining and

Petrochemicals Company (WRPC), Kaduna Refining and Petrochemicals Company (KRPC)

and Port Harcourt Refining Company (PHRC) processed a total quantity of 66,409,254

barrels of crude oil made up of 36,650,005 barrels of Bonny Light, 28,962,230 barrels of

Escravos Light, 175,464 barrels of Forcados Blend and 621,554 barrels of Arabian Light.

The three refineries received 65,979,135 barrels for processing and hence had to take

430,119 barrels from stock to process the 66,409,250 barrels. The opening stock amounted

to 4,085,670 barrels.

The breakdown of crude oil proceeded by each of the three refineries is given below:

COMPANY CRUDE OIL PROCESED

(MT)

THROUGHPUT

B/D % CAPACITY UTILIZATION

PHRC 4,979,470 100,490 47.85

WRPC 2,682,760 54,140 43.31

KRPC 1,353,150 27,308 24.82

TOTAL 9,015,380 181,938 40.88

Total capacity utilization of all the refineries during the year averaged 40.88% (181,938 b/d

throughput) with PHRC, WRPC and KRPC averaging 47.85, 43.31 and 24.82 per cent

8

respectively. The low level of capacity utilization might not be unconnected with complete

overhauling KRPC.

Total petroleum products produced by all the refineries during the year stood at 7,758,361

metric tons. Total production by PHRC was 4,483,210 metric tons while WRPC and KRPC

produced 2,375,364 and 899,787 metric tons of petroleum products respectively.

8 DOMESTIS PETROLEUM PRODUCTS CONSUMPTION.

Pipelines and Products marketing Company (PPMC) evacuated a total of 7,348,928 metric

tons (54,132,204 barrels) of petroleum products from all the domestic refineries during the

year under review. This is about 3.17% higher than the total figure of 7,115,660 metric tons

of petroleum products evacuated during 1998.

The evacuation of petroleum products by types is given below:

PRODUCTS METRIC TONS

LPG 51,033

PMS 2,000,762

DPK 1,283,082

AGO 1,806,100

FUEL OIL 2,077,844

LRS-1 129,929

PETROCHEMICALS 178

TOTAL 7,348,928

9

Total petroleum imports by PPMC into the country in 1999 stood at 2,639,189 metric tons.

The total white petroleum products available for domestic consumption therefore, stood at

9,988,117 metric tons of petroleum products available for consumption in 1998.

Total petroleum products (including both the light and heavy ends) sold during the year

stood at 10,369,585 metric tons. These include PMS 3,153,592 metric tons, Automotive

Gas Oil (AGO) 2,059,885 metric tons, Dual Purpose Kerosine (DPK) 1,217,383 metric tons,

High Pour Fuel Oil (HPFO) 1,826,015 metric ton and Low Pour Fuel Oil 1,037,844 metric

tons.

9 PETROLEUM PRODUCTS EXPORTS AND BUNKER SALES

A total of 2,066,306 metric tons of petroleum products were exported out of the country

during the year under review. These are made up 357,403 metric tons of Low Pour Fuel Oil

(LPFO); 1,499,793 metric tons of High Pour Fuel Oil (HPFO) and 127,969 metric tons of

Naptha. They also include Reformate, Slope, VGO and H. Slop in smaller quantities

754,959 metric tons of Automotive Gas Oil (AGO) and Low Pour Fuel Oil (LPFO) were sold

as bunkers.

ASB 1999 Page 10

Table 1a

1999 Seismic Activities:-

Exploration.

Company 2-D (KM) 3-D (SQ. KM)

J.V. COMPANIES

SHELL * - 1,009.000

MOBIL - -

CHEVRON * - 587.000

ELF - 216.000

NAOC - -

TEXACO - -

PAN-OCEAN - 176.000

SUB - TOTAL JV - 1,988.000

P.S. COMPANIES

ADDAX PET. - -

ADDAX EXPL. - -

AENR - -

SNEPCO - -

STATOIL/BP - -

CONOCO - -

ESSO - -

NAOC (PSC) - -

CHEVRON (PSC) - -

ELF (PSC) - -

MOBIL (PSC) - -

SUB - TOTAL PSC - -

NAPIMS FES - -

GRAND TOTAL - 1,988.000

* Short fall due to Community problems.

ASB 1999 Page 11

Table 1b

1999 Seismic Activities:- Processing & Re-processing. Company 2-D (KM) 3-D (SQ. KM)

J.V. COMPANIES

SHELL 512.00 7,417.000

MOBIL - 420.000

CHEVRON - 2,114.000

ELF ** - 937.000

NAOC - -

TEXACO - -

PAN-OCEAN - -

SUB - TOTAL JV 512.00 10,888.000

P.S. COMPANIES

ASHLAND OIL - -

ASHLAND EXPL. - -

AENR - -

SNEPCO - -

STATOIL/BP - -

CONOCO - -

ESSO - -

NAOC (PSC) - -

CHEVRON (PSC) - -

ELF (PSC) - -

MOBIL (PSC) - -

SUB - TOTAL PSC - -

NAPIMS FES - -

GRAND TOTAL 512.00 10,888.000 ** carry over of 1998 acquisition program.

ASB 1999 Page 12

Table 2a

1999 Rig Operations by Company:

Company Total Number of Drilling Rigs Hoist Offshore Onshore Land/Swamp

J.V. COMPANIES

SHELL 6 - - 6

MOBIL 1 - 1 -

CHEVRON 1 - 1 -

ELF 2 - 1 1

NAOC 1 - - 1

TEXACO 1 - 1 -

PAN-OCEAN 1 - - 1

SUB - TOTAL JV 13 - 4 9

P.S. COMPANIES

ADDAX PET 1 - 1 -

ADDAX EXPL. - - - -

AENR - - - -

SNEPCO 2 - 1 1

STATOIL/BP 1 - 1 -

CONOCO - - - -

ESSO 1 - 1 -

NAOC (PSC) 1 - 1 -

CHEVRON (PSC) - - - -

ELF (PSC) 1 - - 1

MOBIL (PSC) - - - -

SUB - TOTAL PSC 7 - 5 2

NAPIMS FES - - - -

GRAND TOTAL 20 - 9 11

Source NAPIMS

ASB 1999 Page 13

Table 2b 1999 Drilling Summary by Company:

Company Exploratory Appraisal Development Workover/

J.V. COMPANIES

SHELL 1 1 26 -

MOBIL 1 3 24 2

CHEVRON - - 12 3

ELF 1 - 12 5

NAOC - - - 4

TEXACO - - 3 3

PAN-OCEAN - - 3 -

SUB - TOTAL JV 3 4 80 17

P.S. COMPANIES

ADDAX PET. - 1 5 7

ADDAX EXPL. - - - -

AENR - - - -

SNEPCO 3 - - -

STATOIL/BP 1 - - -

CONOCO - - - -

ESSO - 1 1 -

NAOC (PSC) 1 - - -

CHEVRON (PSC) - - - -

ELF (PSC) 1 - - -

MOBIL - - - -

SUB - TOTAL PSC 6 2 6 7

NAPIMS FES - - - -

GRAND TOTAL

ASB 1999 Page 14

Table 3a Crude oil, Gas and Water Production - Full year, 1999 Company: Shell

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS bbls m3 mscf m3 API GRAVITY GAS/OI RATIO

AFREMO 67 4,078,382 648,410 2,495,339 88,122,055 35.88 135.90 AFIESERE 265 3,076,466 489,118 3,438,814 121,440,556 19.52 248.28 AGBAYA 7 743,318 118,178 1,453,257 51,321,280 36.25 434.27 AJATITON 6 641,250 101,950 222,951 7,873,439 19.05 77.23 AJUJU 23 981,144 155,989 354,996 12,536,564 45.75 80.37 AKONO - 499 79 334 11,795 - 148.68 AMUKPE 13 245,353 39,008 24,185 854,085 38.10 21.90 ABIGBORODO 12 198,952 31,631 1,649,383 58,247,404 24.75 1,841.48 ABURA 50 871,372 138,537 770,193 27,199,106 21.13 196.33 BATAN 120 4,831,628 768,166 3,012,472 106,384,432 18.85 138.49 BENISEDE - 7,819 1,243 1,182 41,742 - 33.58 EGWA 54 1,811,981 288,081 1,698,409 59,978,741 16.96 208.20 ERIEMU 86 974,444 154,924 2,597,237 91,720,548 18.51 592.04 ESCRAVOS BEACH 86 2,580,627 410,286 3,921,887 138,500,116 28.15 337.57 EVWRENI 64 707,663 112,509 288,186 10,177,191 17.26 90.46 FORCADOS YOKRI 505 25,898,647 4,117,548 9,959,303 351,709,424 24.97 85.42 ISOKO 12 602,398 95,773 474,815 16,767,931 23.57 175.08 JONES CREEK 4 116,323 18,494 161,947 5,719,104 2.34 309.24 KANBO 28 4,759,450 756,691 1,925,542 67,999,866 29.10 89.86 KOKORI 28 2,480,732 394,404 1,377,852 48,658,378 43.92 123.37 OBEN 112 3,288,960 522,902 27,562,867 973,373,345 39.51 1,861.48 ODIDI 138 3,262,231 518,652 5,368,178 189,575,394 16.10 365.52 OGBOTOBO 101 3,779,270 600,855 2,518,391 88,936,128 18.17 148.02 OGINI 35 1,249,532 198,659 400,712 14,151,009 15.12 71.23 OLOMORO/OLEH 62 4,094,526 650,976 2,591,152 91,505,658 17.27 140.57 OPUKUSHI NORTH 215 1,292,777 205,535 463,455 16,366,757 21.34 79.63 OPOMOYO 22 3,205 510 1,147 40,506 - 79.49 OPUAMA - 1,322,336 210,234 729,210 25,751,805 42.12 122.49 OPUKUSHI 19 7,294,968 1,159,805 3,096,637 109,356,690 25.92 94.29 ORONI 104 382,383 60,794 398,184 14,061,734 15.15 231.30 OTUMARA - 8,074,762 1,283,782 3,730,189 131,730,365 24.98 102.61 OVHOR 310 5,155,671 819,685 321,339 11,347,978 45.38 13.84

Quantity of Water Produced not indicated

ASB 1999 Page 15

Table 3a Contd. Crude Oil, Gas and Water Production - Full year, 1999 Company: Shell

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS bbls m3 mscf m3 API GRAVITY GAS/OIL RATIO

OWEH 31 1,364,198 216,890 986,775 34,847,626 18.46 160.67

SAGHARA 70 1,151,098 183,010 621,897 21,962,083 31.20 120.01

SAPELE 37 5,800,415 922,191 19,885,364 702,244,918 40.62 761.50

TUNU 108 4,441,539 706,147 2,906,723 102,649,942 30.77 145.37

UGHELLI EAST 43 533,758 84,861 7,603,795 268,525,454 35.19 3,164.31

UGHELLI WEST 67 1,034,445 164,463 980,678 34,632,313 15.48 210.58

UTOROGO 71 1,946,749 309,508 39,424,891 1,392,276,719 62.87 4,498.36

UZERE EAST 137 1,115,356 177,327 1,042,395 36,811,828 15.96 207.59

UZERE WEST 69 673,991 107,156 564,673 19,941,236 18.29 186.10

ADIBAWA - 1,951,377 310,244 1,404,516 49,600,008 22.72 159.87

ADIBAWA N/EAST 78 982,591 156,219 516,804 18,250,759 22.34 116.83

AFAM 12 143,049 22,743 921,913 32,557,046 43.34 1,431.52

AGBADA 54 6,554,802 1,042,128 4,136,740 146,087,577 22.55 140.18

AHIA 277 1,708,483 271,627 2,566,901 90,649,242 35.36 333.73

AKASO 71 5,322,903 846,272 6,322,589 223,280,096 37.34 263.84

ALAKIRI 104 1,101,126 175,065 7,633,144 269,561,904 41.35 1,539.78

ASARITORU - 220,473 35,052 122,055 4,310,331 29.53 122.97

ASSA 9 165,075 26,245 147,061 5,193,410 9.07 197.88

AWOBA 9 5,318,725 845,608 8,804,426 310,925,332 35.00 367.69

BELEMA 46 8,668,296 1,378,146 8,030,786 283,604,497 34.06 205.79

BELEMA NORTH 114 384,105 61,068 276,812 9,775,522 35.76 160.08

BONNY 12 1,744,077 277,286 1,655,314 58,456,855 27.57 210.82

BUGUMA CREEK 102 129,810 20,638 513,320 18,127,723 39.28 878.36

CAWTHORNE CHANNEL 11 17,137,432 2,724,629 23,994,733 847,365,897 37.25 311.00

DIEBU CREEK 246 167,434 26,620 265,729 9,384,130 6.94 352.52

EGBEMA 3 1,325,224 210,693 989,116 34,930,298 38.26 165.79

EGBEMA WEST 67 1,183,948 188,232 981,369 34,656,715 41.79 184.12

EKULAMA 53 11,039,904 1,755,201 9,782,306 345,458,835 29.22 196.82

Quantity of Water Produced not indicated

ASB 1999 Page 16

Table 3a Contd. Crude Oil, Gas and Water Production - Full year, 1999 Company: Shell

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 API GRAVITY GAS/OIL RATIO

ELELENWA 274 3,619,566 575,464 5,228,047 184,626,715 38.88 320.83

ENWHE 103 182,451 29,007 62,709 2,214,547 15.65 76.34

ETELEBOU 12 2,466,316 392,112 2,967,124 104,782,983 31.79 267.23

GBARAN 59 4,993,898 793,965 6,269,449 221,403,475 33.75 278.86

IMO RIVER 36 7,544,583 1,199,491 3,147,729 111,160,987 31.22 92.67

ISIMIRI 295 683,381 108,649 611,156 21,582,768 248.70 198.65

ISU 26 220,966 35,131 224,545 7,929,731 17.73 225.72

KALAEKULE 7 7,928,938 1,260,598 18,562,298 655,521,289 40.23 520.01

KOLO CREEK 130 2,704,142 429,923 11,007,551 388,727,948 39.60 904.18

KRAKAMA 113 1,249,117 198,593 1,229,625 43,423,792 22.19 218.66

MINI NTA 51 4,420,307 702,771 7,124,726 251,607,294 41.96 358.02

NEMBE CREEK EAST 45 555,830 88,370 2,278,219 80,454,535 37.35 910.43

NEMBE CREEK 10 17,310,572 2,752,156 13,444,441 474,785,896 31.22 172.51

NKALI 465 579,452 92,125 2,318,529 81,878,069 40.20 888.77

NUN RIVER 29 392,478 62,399 392,100 13,846,879 2.51 221.91

OBEAKPU 6 815,396 129,637 351,601 12,416,671 26.27 95.78

OBELE 28 767,839 122,076 762,145 26,914,893 20.25 220.48

OBIGBO NORTH 24 5,304,288 843,313 13,134,915 463,855,090 24.30 550.04

ODEAMA CREEK 290 5,066,921 805,575 4,694,544 165,786,237 36.21 205.80

OGUTA 39 3,647,530 579,910 13,382,369 472,593,844 43.39 814.94

ORUBIRI 166 224,795 35,739 333,397 11,773,803 11.57 329.43

OTAMINI 8 1,355,909 215,572 1,795,113 63,393,810 25.18 294.07

RUMUEKPE 32 95,066 15,114 43,068 1,520,932 19.53 100.63

SOKU 5 6,395,347 1,016,777 20,930,034 739,137,086 34.51 726.94

UGADA - 214,649 34,126 609,208 21,513,975 40.85 630.42

UMUECHEM 11 1,381,789 219,686 2,031,427 71,739,159 37.63 326.55

TOTAL 7,139 258,240,978 41,056,958 369,028,639 13,032,121,829 317.42

Note: Total Oil produced indicates 1,672,839 bbls of Condensate Quantity of Water Produced not indicated

ASB 1999 Page 17

Table 3b. Crude Oil, Gas and Water Production - Full year, 1999 Company: Mobil

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED NAME OF FIELD

bbls m3 mscf m3 bbls m3 API GRAVITY GAS / OIL RATIO

ADUA 962,934.00 153,093.99 11,366,636.33 321,867,335.96 11,366,636.33 1,807,147.41 32.70 2,102.42

ASABO 8,401,903.00 1,335,793.35 14,610,149.64 413,713,415.83 926,834.00 147,354.56 30.50 309.71

ASABO "D" 2,132,146.00 338,983.50 1,431,099.73 40,524,236.39 416,300.00 66,186.29 22.20 119.55

ASASA 28,877,085.00 4,591,081.11 38,208,115.08 1,081,933,463.50 21,733.00 3,455.26 37.88 235.66

EDOP 18,806,114.30 2,989,927.69 31,788,851.50 900,160,139.60 257,035.00 40,865.22 25.22 301.06

EKPE 3,197,785.00 508,406.24 13,654,200.74 386,643,954.22 843,442.00 134,096.31 21.64 760.50

EKU 3,617,491.00 575,134.04 2,965,914.09 83,985,344.40 302,644.00 48,116.46 32.08 146.03

EKPE WW 2,737,330.00 435,199.88 4,859,983.69 137,619,429.15 372,639.00 59,244.76 21.66 316.22

ENANG 7,422,439.00 1,180,071.31 10,346,898.03 292,991,559.48 774,055.00 123,064.68 32.28 248.28

ETIM/ETIMC 15,834,732.00 2,517,516.54 20,843,841.10 590,231,921.85 119,553.00 19,007.37 54.09 234.45

IDOHO 287,212.00 45,662.97 866,181.24 24,527,524.25 20,008.00 3,181.01 35.40 537.14

INANGA 2,211,644.00 351,622.64 1,484,809.09 42,045,116.28 256,355.00 40,757.11 23.66 119.57

INIM 1,187,945.00 188,867.81 2,597,287.79 73,547,008.76 439,688.00 69,904.68 21.53 389.41

ISOBO 653,040.00 103,824.87 189,892.11 5,377,146.40 - - 21.34 51.79

IYAK 2,546,761.00 404,901.89 4,116,744.40 116,573,233.66 921,264.00 146,469.00 23.66 287.90

IYAK SE 2,389,370.00 379,878.77 2,826,954.26 80,050,439.74 252.00 40.06 35.71 210.73

MFEM 2,977,342.00 473,358.67 2,694,271.04 76,293,268.90 90,379.00 14,369.09 21.34 161.17

OSO 34,745,850.00 5,524,138.45 137,902,214.88 3,904,956,333.42 682,182.00 108,458.07 20.03 706.89

UBIT 31,944,600.00 5,078,776.12 33,312,152.63 943,295,229.20 5,767,371.00 916,937.01 21.34 185.73

UNAM 14,461,114.00 2,299,129.13 5,858,389.68 165,891,141.81 1,315,870.00 209,206.22 21.34 72.15

USARI 29,710,982.00 4,723,659.90 57,884,145.95 1,639,096,678.24 234,858.00 37,339.37 41.04 347.00

UTUE 3,808,492.00 605,500.72 5,128,198.50 145,214,427.69 1,254,082.00 199,382.73 23.81 239.83

TOTAL 218,914,311.30 34,804,529.61 404,936,931.50 11,466,538,348.75 26,383,180.33 4,194,582.69 329.46

ASB 1999 Page 18

Table 3c Crude Oil, Gas and Water Production - Full year, 1999 Company: Chevron

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 API GRAVITY GAS / OIL RATIO

ABITEYE 274 2,396,855.00 381,068.79 3,199,243.00 90,592,484.14 32.50 237.73

UTONANA 88 1,716,393.00 272,884.17 1,331,757.00 37,711,163.21 31.10 138.19

MAKARABA 366 3,789,658.00 602,506.36 6,134,373.00 173,706,120.09 28.00 288.31

DIBI 5 4,028,586.00 640,492.80 1,896,442.00 53,701,263.65 - 83.84

JISIKE 91 1,388,942.39 220,823.78 1,030,975.39 29,193,975.41 37.70 132.20

ROBERKIRI 184 3,632,614.31 577,538.45 11,594,831.04 328,329,091.27 35.80 568.50

IDAMA 58 1,911,105.89 303,840.99 1,169,476.58 33,115,892.81 36.30 108.99

ABIGBORODO 11 339,763.98 54,018.06 1,618,628.24 45,834,452.98 37.10 848.50

BALEMA NORTH 11 522,584.64 83,084.16 - - 36.90 0.00

JOKKA 12 45,703.93 7,266.33 38,568.09 1,092,126.69 38.90 150.30

BENIN RIVER 63 11,227,137.06 1,784,968.84 10,737,863.00 304,062,455.89 - 170.35

GBOKODA 11 11,898,469.34 1,891,701.94 5,385,827.00 152,509,655.28 - 80.62

DELTA SOUTH 347 6,952,373.00 1,105,336.93 7,372,172.00 208,756,688.70 39.10 188.86

DELTA 261 6,491,982.00 1,032,140.74 8,156,997.00 230,980,460.50 36.80 223.79

ISAN 157 697,933.00 110,962.27 1,360,695.00 38,530,596.21 33.30 347.24

WEST ISAN 50 258,895.00 41,160.94 882,898.00 25,000,890.23 33.30 607.39

EWAN 8 9,211,910.00 1,464,573.94 10,255,279.00 290,397,197.15 - 198.28

OKAN 887 18,972,948.00 3,016,452.08 46,166,404.00 1,307,287,137.11 39.50 433.39

MEFA 217 4,248,578.00 675,468.67 7,226,436.00 204,629,904.25 39.50 302.95

MEJI 369 5,848,581.00 929,848.35 9,753,109.00 276,177,324.59 32.90 297.01

DELTA SOUTH 66 4,510,447.00 717,102.44 3,792,430.00 107,389,671.45 35.84 149.75

MEREN 871 27,632,533.00 4,393,213.52 26,774,684.00 758,174,710.63 32.20 172.58

TAPA 125 1,480,724.00 235,415.87 3,133,418.00 88,728,527.49 39.20 376.90

PARABE 465 3,691,936.00 586,969.83 11,017,566.00 311,982,763.79 33.30 531.51

MALU 296 3,802,290.00 604,514.68 8,763,844.00 248,164,455.97 33.30 410.52

WEST ISAN 88 366,648.00 58,292.27 1,249,934.00 35,394,193.59 30.525 607.19

MINA 56 51,811.00 8,237.28 88,723.00 2,512,355.88 33.30 305.00

DELTA 99 859,106.00 136,586.69 796,735.00 22,561,025.48 33.73 165.18

INDA 70 5,681,568.19 903,295.48 3,930,975.91 111,312,855.18 45.80 123.23

MEJO 14 1,998,049.00 317,663.82 1,580,544.00 44,756,027.37 39.20 140.89

KITO 23 485,490.00 77,186.60 202,760.00 5,741,524.51 39.20 74.38

OPOLO 12 5,013,330.00 797,054.30 5,882,026.00 166,560,447.94 - 208.97

TOTAL 5,813 151,154,945.74 24,031,671.36 202,525,614.23 5,734,887,439.42 238.64

ASB 1999 Page 19

Table 3d. Crude Oil, Gas and Water Production - Full year, 1999 Company: Elf

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 API GRAVITY GAS / OIL RATIO

AGHIGHO

190

1,095,882

174,231

444,441

12,585,182

6,562,594

1,043,246

OBODO

99

507,491

80,684

419,050

11,866,176

3,106,468

493,831

OKPOKO

67

294,154

46,767

103,860

2,940,988

1,381,787

219,661

UPOMAMI

116

557,933

88,704

123,737

3,503,845

1,848,000

293,774

EREMA 4

36,034

5,729

7,053,163

199,723,348

32,083

5,100

OBAGI

52

1,343,069

213,531

1,331,562

37,705,632

989,225

157,256

OLO

52

1,343,069

213,531

1,331,562

37,705,632

1,890,529

157,256

IBEWA

13

241,954

38,467

3,061,181

86,682,990

686,806

2,885

AFIA

119

3,460,191

550,125

1,161,611

32,893,160

1,890,529

300,535

EDIKAN

89

4,225,723

671,835

2,191,624

62,059,902

686,806

109,180

IME

79

4,622,773

734,961

3,074,734

87,066,795

2,067,163

328,614

ODUDU

90

4,984,199

792,423

8,703,709

246,461,619

3,022,937

480,552

OFON

84

14,296,216

2,272,912

9,964,159

282,153,602

255,307

40,586

TOTAL

1,054

37,008,687

5,883,900

38,964,393

1,103,348,872

24,420,233

3,632,474

ASB 1999 Page 20

Table 3e Crude Oil, Gas and Water Production - Full year, 1999 Company: NAOC

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF GAS PRODUCED NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 bbls m3 API GRAVITY GAS / OIL RATIO

AGWE 16 367,184 58,377 2,328,895 65,946,970 12,921 2,054 40.28 1,129.66

AKRI 113 2,851,368 453,330 13,203,990 373,895,404 608,805 96,792 41.90 824.77

ASHAKA 10 117,395 18,664 489,957 13,874,039 1,301 207 37.50 743.35

AZUZUAMA 31 574,669 91,365 1,429,780 40,486,866 475,622 75,618 36.50 443.13

BENIBOYE 61 1,126,899 179,162 731,798 20,722,214 1,271,870 202,211 26.00 115.66

CLOUGH CREEK 125 1,684,124 267,754 340,485 9,641,463 1,885,567 299,781 34.40 36.01

EBEGORO 99 2,069,402 329,008 10,384,249 294,049,221 574,216 91,293 34.30 893.74

EBEGORO SOUTH 5 100,863 16,036 1,079,118 30,557,223 2,041 324 - 1,905.55

EBOCHA 226 3,219,353 511,835 12,979,002 367,524,453 2,843,753 452,120 31.10 718.05

KWALE 87 915,648 145,576 8,814,326 249,593,947 751,885 119,540 35.80 1,714.53

MBEDE 255 4,818,846 766,134 41,151,395 1,165,277,880 924,713 147,017 40.60 1,520.98

OBAMA 150 3,772,566 599,789 9,688,807 274,356,494 4,652,118 739,626 29.80 457.42

OBIAFU 319 8,352,960 1,328,012 85,390,660 2,417,994,511 685,274 108,950 41.80 1,820.76

OBRIKOM 122 2,824,172 449,007 32,361,706 916,381,575 600,404 95,456 38.50 2,040.91

ODUGRI 12 150,917 23,994 565,676 16,018,162 410,571 65,275 22.50 667.59

OGBAINBIRI 97 5,089,837 809,218 2,509,302 71,055,528 1,086,548 172,747 29.20 87.81

OGBOGENE 12 131,038 20,833 71,820 2,033,716 131,038 20,833 30.60 97.62

OGBOGENE WEST 5 112,782 17,931 655,161 18,552,096 568 90 - 1,034.65

OKPAI 70 782,985 124,484 7,745,199 219,319,638 135,879 21,603 43.00 1,761.82

OMOKU WEST 8 41,212 6,552 140,939 3,990,949 83,694 13,306 20.59 609.10

OSHI 139 3,653,310 580,829 28,916,933 818,836,454 2,076,687 330,166 32.50 1,409.77

PIRIGBENE 22 438,795 69,763 1,055,979 29,901,999 600,212 95,426 25.30 428.62

TAYLOR CREEK 11 327,912 52,134 472,218 13,371,726 70,698 11,240 31.67 256.49

TEBIDABA 144 3,015,106 479,363 5,390,657 152,646,426 3,149,440 500,720 27.20 318.44

UMUORU 20 111,200 17,679 335,723 9,506,618 191,635 30,467 27.60 537.72

TOTAL 2,159 46,650,543 7,416,830 268,233,775 7,595,535,572 23,227,460 3,692,864 1,024.09

ASB 1999 Page 21

Table 3f Crude Oil, Gas and Water Production - Full year, 1999 Company: Texaco

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF GAS PRODUCED

NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 bbls m3

API GRAVITY GAS / OIL RATIO

PENNINGTON

116

1,598,258

254,102

4,140,000

146,202,702,631

2,479,613

394,226

35.74

575,369.58

MIDDLETON

30

231,929

36,874

444,000

15,679,710,137

206,323

32,803

30.42

425,227.52

NORTH APOI

302

4,914,961

781,415

6,314,000

222,976,778,844

3,886,665

617,929

29.80

285,350.05

FUNIWA

493

9,399,909

1,494,463

20,651,000

729,283,094,695

5,886,198

935,829

35.32

487,989.98

OKUBIE

33

401,413

63,819

2,874,000

101,494,339,942

703,361

111,825

32.39

1,590,337.56

TOTAL

974

16,546,469

2,630,673

34,423,000

1,215,636,626,249

13,162,160

2,092,612

462,100.92

ASB 1999 Page 22

Table 3g Crude Oil, Gas and Water Production - Full year, 1999 Company: NPDC

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF GAS PRODUCED

NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3 bbls m3

API GRAVITY GAS / OIL RATIO

ABURA 84

887,533

141,106

-

-

-

-

-

-

OREDO 58

933,005

148,336

-

-

-

-

-

-

TOTAL 142

1,820,538

289,442

-

-

-

-

ASB 1999 Page 23

Table 3h Crude Oil, Gas and Water Production - Full year, 1999 Company: Pan Ocean

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED

NAME OF FIELD NUMBER OF WELLS

bbls m3 mscf m3

API GRAVITY GAS / OIL RATIO

ASABORO SOUTH 12 83,796

13,322

297,234

8,416,731

48.93

631.77

OGHAREFE 48 363,888

57,853

1,053,170

29,822,457

44.53

515.48

OLOGBO 68 1,619,862

257,537

10,225,543

289,555,167

50.98

1,124.32

TOTAL 128 2,067,546

328,713

11,575,947

327,794,355

997.21

Quantity of water not indicated.

ASB 1999 Page 24

Table 4 Summary Of Crude Oil Production Compiled From Company's Monthly Report Full year, 1999 (Major Oil Companies & Pan Ocean)

OIL PRODUCTION NAME OF FIELD

bbls m3 DAILY AVG. (BARREL)

% OF TOTAL PRODUCTION

NPDC

1,820,538

289,442

4,988

0.25 JV:

SHELL

258,240,978

41,056,958 707,510

35.26

MOBIL

218,914,311

34,804,530 599,765

29.89

CHEVRON

151,154,946

24,031,671 414,123

20.64

ELF

37,008,687

5,883,900 101,394

5.05

NAOC

46,650,543

7,416,830 127,810

6.37

TEXACO

16,546,469

2,630,673 45,333

2.26

Sub - Total

728,515,934

115,824,563

1,995,934

99.47 PSC:

PAN-OCEAN

2,067,546

328,713 5,665

0.28

Sub - Total

2,067,546

328,713

5,665

0.28

GRAND- TOTAL

732,404,018

116,442,718 2,006,586

100.00

ASB 1999 Page 25

Table 5a Crude Oil Production by Company, Crude Stream - For the year 1999

(Barrels)

CRUDE STREAM COMPANY

Forcados Blend Bonny Light

Bonny Medium

Brass Blend

Escravos Light

Pennington Light

Antan Blend

Odudu Blend IMA

Qua- Iboe Light

Oso Condensate

Other Condensate Ukpokiti Total

NPDC 2,095,903 2,095,903

J.V. COMPANIES

SHELL 108,974,664 139,358,025 9,440,861 257,773,550

MOBIL 190,346,684 34,216,749 224,563,433

CHEVRON 249,673 5,491,474 8,200,952 139,159,026 153,101,125

ELF 2,786,913 7,891,536 34,709,115 45,387,564

NAOC 1,141,382 38,927,844 6,240,667 46,309,893

TEXACO 17,290,831 17,290,831

P.S. COMPANIES

PAN - OCEAN 1,853,289 146,213 1,999,502

ADDAX 1,686,353 2,731,666 4,418,019

AENR 3,487,228 3,487,228

DUBRI 98160 98,160

CONOIL 1,852,785 1,852,785

ATLAS 266,407 1,598,434 1,864,841

EPGA/CONOCO 7,182,571 7,182,571

AMNI 2,125,401 2,125,401

MONI POLO 3,575,715 3,575,715

CONTINENTAL OIL 1,576,701 1,576,701

GRAND TOTAL 117,101,824 144,849,499 7,891,536 52,302,377 142,686,672 17,290,831 6,307,381 34,709,115 2,125,401 190,346,684 34,216,749 16,094,148 8,781,005 774,703,222

Source: COSD

ASB 1999 Page 26

Table 5b Monthly Analysis of Crude Oil Production by Stream - For the year 1999

(Barrels)

CRUDE STREAM COMPANY Forcados Blend

Bonny Light

Bonny Medium

Brass Blend

Escravos Light

Pennington Light

Antan Blend

Odudu Blend IMA

Qua- Iboe Light

Oso Condensate

Other Condensate Ukpokiti Total

JANUARY 7,473,472

13,818,546

868,828

4,120,585

11,859,215

1,679,398

195,432

3,033,870

218,013

17,685,918

2,788,819

1,480,687

621,252 65,844,035

FEBRUARY

7,986,930

10,146,683

655,833

4,296,030

9,323,681

1,477,023

169,592

2,726,845

184,333

14,869,354

1,031,046

1,362,990

572,017 54,802,357

MARCH 11,608,840 11,769,058 859,595

4,988,828

12,400,083

1,573,202

180,056

3,076,202

213,694

16,399,459

2,751,082

1,813,339

634,615 68,268,053

APRIL

10,553,186

11,624,984

859,230

4,834,766

12,019,934

1,659,636

195,231

3,149,689

208,121 15,961,642 2,829,871

1,520,708

852,076 66,269,074

MAY 11,249,438 13,530,057

743,375 5,041,852 12,213,847

1,742,843

146,789

2,967,209

207,303

15,407,177

2,967,100

1,698,338

798,180 68,713,508

JUNE 9,918,434

10,888,985 828,114

4,590,785

12,827,178

1,798,403

198,697 3,111,430 190,908

16,176,140

2,793,582

1,280,481

623,117 65,226,254

JULY

8,357,972

11,905,705

267,024

4,234,889

12,107,619

1,667,062

722,575

2,595,138

203,005

15,486,599

3,187,203

1,550,467

755,789 63,041,047

AUGUST

9,478,135

10,926,449

814,387

4,521,029

12,492,131

370,015

708,243

2,829,846

221,173

16,300,915

3,545,954

1,530,428

775,424 64,514,129

SEPTEMBER

10,704,185

11,214,564

640,533

4,445,155

11,226,117

309,242

876,480

2,819,310

162,903

15,975,202

3,384,129

1,237,517

765,509 63,760,846

OCTOBER

9,063,117

12,794,611

351,879

3,616,976

11,005,759

1,633,777

913,202

2,800,155

78,651

15,902,683

3,285,530

1,566,716

797,080 63,810,136

NOVEMBER

9,947,356

12,255,384

620,868

3,261,762

12,374,792

1,704,479

981,106

2,885,436

201,062

14,731,116

2,936,537

590,673

777,647 63,268,218

DECEMBER

10,760,759

13,974,473

381,870

4,349,720

12,836,316

1,675,751

1,019,978

2,713,985

36,235

15,450,479

2,715,896

461,804

808,299 67,185,565

GRAND TOTAL 117,101,824 144,849,499 7,891,536 52,302,377 142,686,672 17,290,831 6,307,381 34,709,115 2,125,401 190,346,684 34,216,749 16,094,148 8,781,005 774,703,222

Source: COSD

ASB 1999 Page 27

Table 5c Monthly Analysis of Crude Oil Production by Company - For the year 1999

(Barrels)

MONTH

COMPANY January February March April May June July August September October November December Total

NPDC 239,612 189,271

185,533

170,451

195,902

254,141

203,908

199,135

176,316

92,481

69,358

119,795 2,095,903

J.V. COMPANIES

SHELL 20,241,025 18,096,707 23,319,237 22,270,228

25,048,858

20,752,569

20,559,334

20,679,444

21,971,021

21,299,278

20,676,849

22,859,000 257,773,550

MOBIL 20,474,737

15,900,400

19,150,541

18,791,513

18,374,277

18,969,722

18,673,802

19,846,869

19,359,331

19,188,213

17,667,653

18,166,375 224,563,433

CHEVRON 13,094,886 9,983,571 13,296,995 13,115,967 13,412,852

14,055,393

12,406,754

13,559,212

12,253,315

12,103,479

12,672,487

13,146,214 153,101,125

ELF 4,181,299 3,746,527 4,328,274

4,281,115

3,905,549

4,081,166

3,019,860

3,806,464

3,618,142

3,313,939

3,776,811

3,328,418 45,387,564

NAOC 4,089,307 3,838,843

4,328,682 3,972,929

4,125,510

3,501,986

4,055,473

3,592,892

3,554,987

3,630,615

3,225,835

4,392,834 46,309,893

TEXACO 1,679,398

1,477,023

1,573,202

1,659,636

1,742,843 1,798,403

1,667,062

370,015

309,242

1,633,777

1,704,479

1,675,751 17,290,831

P.S. COMPANIES

PAN - OCEAN 141,570

75,842

125,730

134,484

146,213

134,314

181,901

177,786

190,835

194,145

236,565

260,117 1,999,502

ADDAX 366,730

322,511

343,807 344,384

297,540

372,897

344,514

347,581

292,363

383,057

464,933

537,702 4,418,019

AENR 317,177

270,000

313,371 294,039

298,621

307,186

303,912

286,134

275,749

273,403

278,032

269,604 3,487,228

DUBRI 6,561

18,939

21,607

19,998 1,304

20,893

-

-

-

-

-

8,858 98,160

CONOIL 172,468

126,373

166,358

154,133

158,556

163,559

153,231

155,174

150,445

154,162

150,657

147,669 1,852,785

ATLAS - -

266,407

257,036

247,455

-

179,566

177,342

178,785

184,126

182,030

192,094 1,864,841

CONTINENTAL OIL - -

-

-

-

-

-

-

-

-

736,764

839,937 1,576,701

EPGA/CONOCO 621,252

572,017

634,615

595,040 550,725

623,117

576,223

598,082

586,724

612,954

595,617

616,205 7,182,571

AMNI 218,013

184,333

213,694

208,121 207,303

190,908

203,005

221,173

162,903

78,651

201,062

36,235 2,125,401

MONI PULO - -

-

-

-

-

512,502

496,826

680,688

667,856

629,086

588,757 3,575,715

GRAND TOTAL 65,844,035 54,802,357 68,268,053 66,269,074 68,713,508 65,226,254 63,041,047 64,514,129 63,760,846 63,810,136 63,268,218 67,185,565 774,703,222

Source: COSD

ASB 1999 Page 28

Table 6 Nigerian Crude Oil Exports - For the year 1999

(Barrels)

COMPANY NNPC LIFTING COMPANY LIFTING TOTAL LIFTING

NPDC 2,333,278 - 2,333,278

J.V. COMPANIES

SHELL 90,911,735 79,522,247 170,433,982

MOBIL 133,129,166 91,518,676 224,647,842

CHEVRON 48,788,151 60,758,547 109,546,698

ELF 27,252,389 39,917,960 67,170,349

NAOC 26,186,166 23,333,617 49,519,783

TEXACO 9,938,504 7,566,391 17,504,895

Sub - Total 336,206,111 302,617,438 638,823,549

P.S. COMPANIES

PAN-OCEAN 2,123,414 - 2,123,414

ADDAX - 4,739,561 4,739,561

AENR 2,047,106 905,640 2,952,746

ATLAS - 3,996,377 3,996,377

PHILLIPS - 6,949,849 6,949,849

CONOIL - 3,045,579 3,045,579

CONSOLIDATED - 1,452,000 1,452,000

DUBRI - 84,566 84,566

EPGA/CONOCO - 5,097,915 5,097,915

AKRI-OGUTA 250,000 110,000 360,000

AMNI - 1,516,391 1,516,391

EXPRESS - 1,064,982 1,064,982

MONI PULO - 3,571,272 3,571,272

Sub - Total 4,420,520 32,534,132 36,954,652

GRAND-TOTAL 342,959,909 335,151,570 678,111,479

Source: COSD

ASB 1999 Page 29

NNPC50%JVC45%

PSC5%

Pie Chart of Crude Oil Exports

ASB 1999 Page 30

Table 7 Analysis of Crude Oil Production vs Exports - Full year, 1999

(Barrels)

COMPANY PRODUCTION EXPORTS VARIANCE

NPDC 2,095,903 2,333,278.00 (237,375)

JVC :

SHELL 257,773,550 170,433,982 87,339,568

MOBIL 224,563,433 224,647,842 87,339,568

CHEVRON 153,101,125 109,546,698 (84,409)

ELF 45,387,564 67,170,349 43,554,427

NAOC 46,309,893 49,519,783 (21,782,785)

TEXACO 17,290,831 17,504,895 (3,209,890)

Sub - Total 744,426,396 638,823,549 105,602,847

PSC :

PAN-OCEAN 1,999,502 2,123,414 (123,912)

ADDAX 4,418,019 4,739,561 (321,542)

AENR 3,487,228 2,952,746 534,482

CONSOLIDATED - 1,452,000 (1,452,000)

DUBRI 98,160 84,566 13,594

PHILLIPS - 6,949,849 (6,949,849)

CONOIL 1,852,785 3,045,579 (1,192,794)

ATLAS 1,864,841 3,996,377 (2,131,536)

EPGA/CONOCO 7,182,571 5,097,915 2,084,656

AKRI-OGUTA - 360,000 (360,000)

AMNI 2,125,401 1,516,391 609,010

EXPRESS - 1,064,982 (1,064,982)

MONI PULO 3,575,715 3,571,272 4,443

CONTINENTAL OIL 1,576,701 - 1,576,701

Sub - Total 28,180,923 36,954,652 (8,773,729)

GRAND-TOTAL 774,703,222 678,111,479 96,591,743

Source: COSD

ASB 1999 Page 31

Table 8 Nigeria Crude Oil Exports by Destination - For the year 1999

REGION/COUNTRY QUANTITY (bbls) NORTH AMERICA: Canada 13,849,325 U.S.A 243,554,916 Sub-Total 257,404,241 SOUTH AMERICA: Argentina 1,909,745 Brazil 31,516,367 Chile 11,358,981 Venezuela 1,571,497 Sub-Total 46,356,590 EUROPE: Germany 5,852,842 France 50,512,418 Italy 24,343,336 Netherlands 4,803,732 Portugal 15,136,400 Spain 61,433,572 United Kingdom 754,581 Sub-Total 162,836,881 ASIA & FAR EAST: Australia 677,348 Japan 9,639,438 Singapore 909,594 India 104,777,707 Indonisia 5,101,298 Korea 20,043,830 Taiwan 5,510,129 China 6,302,551 Thailand 2,897,708 Sub-Total 155,859,603 AFRICA: Ghana 10,767,558 Ivory Coast 22,298,868 Senegal 5,198,443 Cameroun 9,079,040 South Africa 8,310,255 Sub-Total 55,654,164 GRAND-TOTAL 678,111,479

Source: COSD

ASB 1999 Page 32

Nigeria Crude Oil Exports by Destination - For the year 1999

-

50

100

150

200

250

300

m

b

b

l

s

NORTH AMERICA SOUTH AMERICA EUROPE ASIA & FAR EAST AFRICA OTHERSRegion

ASB 1999 Page 33

Table 9a

NNPC Equity Crude Oil Exports by Types & Revenue For the year 1999 (Reconciled figures)

Crude type

Quantity (bbls)

Proceeds (US Dollars)

Forcados Blend 55,999,497

1,028,352,737

Qua-Iboe Light 110,915,360

1,935,706,803

Bonny Light 51,020,445

846,927,507

Bonny Medium -

-

Pennington Light 7,210,943

136,582,658

Escravos Light 34,433,695

610,917,823

Brass Blend 29,068,022

507,049,345

Odudu Blend 20,615,669

356,296,558