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 Nigeria’s 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 Company’s 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 NIGERIA’S 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 JVC’s 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

NNPC

50%JVC

45%

PSC

5%

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

mbb

ls

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

Oso Condensate 17,770,441

345,295,881

Total 309,263,631

5,421,833,431

Source: COSD

ASB 1999 – Page 34

Table 9b

Gas Export and Revenue For the year, 1999

QUANTITY (M/T) PROCEEDS (US$) MONTH

NLNG NON - NLNG NLNG NON - NLNG

JANUARY -

48,384.00

-

2,530,072.37

FEBRUARY -

40,770.00

-

1,127,820.67

MARCH -

59,422.00

-

5,051,908.42

APRIL -

60,013.17

-

3,441,188.43

MAY -

66,659.09

-

7,321,095.36

JUNE -

39,603.68

-

2,526,657.58

JULY -

36,342.00

-

5,480,329.46

AUGUST -

64,978.00

-

10,723,409.82

SEPTEMBER -

65,460.85

-

9,030,785.86

OCTOBER -

52,441.00

-

9,233,048.54

NOVEMBER

80,873.48

80,532,479.00

14,952,990.47

14,748,903.79

DECEMBER -

75,623.00

-

13,999,028.97

TOTAL

80,873.48

81,142,175.79

14,952,990.47

85,214,249.27

Table 10a

ASB 1999 – Page 35

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Shell FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS FOR NGL GAS TO NGC GAS DELIVERED TO NNPC GAS FLARED

AFREMO 2,495,339 16,531 - - - - - 2,678,807

AFIESERE 3,438,814 357,734 - - - - - 3,141,754

AGBAYA 1,453,257 18,317 - - - - - 1,434,940

AJATITON 222,951 4,981 - - - - - 217,970

AJUJU 354,996 11,719 - - - - - 343,277

AKONO 334 30 - - - - - 304

AMUKPE 24,185 3,492 - - - - - 20,696

ABIGBORODO 1,649,383 3,872 - - - - - 1,595,277

ABURA 770,193 15,731 - - - - - 544,623

BATAN 3,012,472 88,561 - - - - - 2,916,911

BENISEDE 1,182 106 - - - - - 1,075

EGWA 1,698,409 21,200 - - - - - 1,744,882

ERIEMU 2,597,237 46,482 - - - - - 2,568,354

ESCRAVOS BEACH 3,921,887 45,509 - - - - - 3,876,379

EVWRENI 288,186 34,353 - - - - - 253,833

FORCADOS YOKRI 9,959,303 1,819,847 - - - - - 9,164,581

ISOKO 474,815 33,431 - - - - - 261,587

JONES CREEK 161,947 1,450 - - - - - 162,956

KANBO 1,925,542 44,726 - - - - - 1,895,430

KOKORI 1,377,852 104,677 - - - - - 1,273,166

OBEN 27,562,867 152,810 - - - 21,737,964 352,326 5,490,270

ODIDI 5,368,178 55,660 - - - - - 5,312,518

OGBOTOBO 2,518,391 33,093 - - - - - 2,485,300

OGINI 400,712 63,661 - - - - - 516,848

OLOMORO/OLEH 2,591,152 359,020 - - - - - 1,809,477

OPUKUSHI NORTH 463,455 15,644 - - - - - 447,892

OPOMOYO 1,147 103 - - - - - 1,044

OPUAMA 729,210 5,240 - - - - - 723,970

OPUKUSHI 3,096,637 90,297 - - - - - 3,006,253

ORONI 398,184 16,391 - - - - - 381,793

OTUMARA 3,730,189 62,021 - - - - - 3,668,169

OVHOR 321,339 29,665 - - - - - 289,544

ASB 1999 – Page 36

Table 10a contd.

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Shell

FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS FOR NGL GAS TO NGC GAS DELIVERED TO NNPC GAS FLARED OWEH 986,775 46,526 - - - - - 1,585,587

SAGHARA 621,897 2,459 - - - - - 619,437

SAPELE 19,885,364 74,665 - - - 4,618,633 - 15,416,620

TUNU 2,906,723 45,204 - - - - - 2,861,305

UGHELLI EAST 7,603,795 856,392 4,736,566 - - - - 2,010,837

UGHELLI WEST 980,678 24,780 - - - - - 1,930,395

UTOROGO 39,424,891 296,605 - - - 36,179,440 - 2,184,187

UZERE EAST 1,042,395 34,399 - - - - - 976,258

UZERE WEST 564,673 17,281 - - - - - 579,130

ADIBAWA 1,404,516 18,244 - - - - - 1,386,273

ADIBAWA N/EAST 516,804 6,771 - - - - - 510,032

AFAM 921,913 8,987 105,455 - - - - 870,920

AGBADA 4,136,740 123,135 534,004 - - - - 3,413,426

AHIA 2,566,901 19,218 - - - - - 2,503,377

AKASO 6,322,589 37,698 - - - - - 6,135,662

ALAKIRI 7,633,144 66,602 3,661,146 - - 1,886,600 - 2,045,414

ASARITORU 122,055 864 - - - - - 128,413

ASSA 147,061 1,945 - - - - - 173,631

AWOBA 8,804,426 34,345 - - - - - 8,057,235

BELEMA 8,030,786 62,932 - - - - - 7,842,595

BELEMA NORTH 276,812 2,000 - - - - - 275,417

BONNY 1,655,314 924,937 - - - - - 731,311

BUGUMA CREEK 513,320 3,007 - - - - - 603,535

CAWTHORNE CHANNEL 23,994,733 148,960 - - - - - 23,319,157

DIEBU CREEK 265,729 1,123 - - - - - 264,606

EGBEMA 989,116 13,498 - - - - - 979,732

EGBEMA WEST 981,369 11,684 - - - - - 963,002

EKULAMA 9,782,306 115,971 7,776 - - - - 9,681,065

ASB 1999 – Page 37

Table 10a contd.

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Shell

FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS FOR NGL GAS TO NGC GAS DELIVERED TO NNPC GAS FLARED

ELELENWA 5,228,047 78,300 426,780 - - - - -

ENWHE 62,709 2,460 - - - - - --

ETELEBOU 2,967,124 24,244 - - - - - -

GBARAN 6,269,449 62,450 66,044 - - - - -

IMO RIVER 3,147,729 102,167 1,019,338 - - - - -

ISIMIRI 611,156 7,934 - - - - - -

ISU 224,545 1,664 - - - - - -

KALAEKULE 18,562,298 61,901 - - - - - -

KOLO CREEK 11,007,551 96,936 112,660 - - - - -

KRAKAMA 1,229,625 68,630 - - - - - -

MINI NTA 7,124,726 31,905 - - - - - -

NEMBE CREEK EAST 2,278,219 15,783 - - - - - -

NEMBE CREEK 13,444,441 198,838 - - - - - -

NKALI 2,318,529 9,547 - - - - - -

NUN RIVER 392,100 2,897 - - - - - -

OBEAKPU 351,601 5,732 - - - - -

OBELE 762,145 6,845 - - - - -

OBIGBO NORTH 13,134,915 132,100 7,826,971 - - - 492,780 -

ODEAMA CREEK 4,694,544 42,272 - - - - - -

OGUTA 13,382,369 96,220 - 2,450,170 - - - -

ORUBIRI 333,397 663 - - - - - -

OTAMINI 1,795,113 14,199 - - - - - -

RUMUEKPE 43,068 172 - - - - -

SOKU 20,930,034 322,856 2,796,509 - - 6,622,119 - -

UGADA 609,208 6,566 - - - - -

UMUECHEM 2,031,427 21,181 - - - - -

TOTAL 369,028,639 7,971,048 21,293,249 2,450,170 - 6,622,119 64,915,417 -

ASB 1999 – Page 38

Table 10b

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Mobil

FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS FOR NGL GAS TO NGC GAS LIFT

ADUA 11,366,636 - - - - - -

ASABO 14,610,150 128,422 5,801,678 - - 3,647,490 5,451,284

ASABO "D" 1,431,100 - - - - - -

ASASA 38,208,115 124,174 3,573,768 - - 3,167,643 4,337,433

EDOP 31,788,852 516,652 52,768,285 - - 2,383,006 14,935,264

EKPE 13,654,201 540,700 2,491,200 - - 6,191,000 2,347,600

EKU 2,965,914 201,046 - - - 2,569 720,833

EKPE WW 4,859,984 - - - - - -

ENANG 10,346,898 14,382 - - - 340,126 2,798,421

ETIM/ETIMC 20,843,841 20,773 - - - 649,968 10,042,392

IDOHO 866,181 6,570 - - - - 2,736,833

INANGA 1,484,809 - - - - - -

INIM 2,597,288 10,997 - - - 84,224 4,914,072

ISOBO 189,892 9,588 - - - 120 2,651,980

IYAK 4,116,744 - - - - - -

IYAK SE 2,826,954 - - - - - -

MFEM 2,694,271 188,702 - - - 2,366 934,247

OSO 137,902,215 2,120,000 235,819,700 22,139,300 2,806,900 - 9,066,920

UBIT 33,312,153 2,436,717 - - - 28,980 23,250,475

UNAM 5,858,390 431,030 - - - 5,526 1,431,970

USARI 57,884,146 125,410 - - - - -

UTUE 5,128,199 8,953 - - - - -

TOTAL 404,936,932 6,884,117 - 300,454,631 - 22,139,300 2,806,900

ASB 1999 – Page 39

Table 10c

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Chevron

FIELD GAS PRODUCED GAS USED AS FUEL GAS FLARED

ABITEYE 3,199,243 276,373 3,145,150

UTONANA 1,331,757 17,856 1,363,099

MAKARABA 6,134,373 50,132 5,673,094

DIBI 1,896,442 233,221 1,704,576

JISIKE 1,030,975 1,092 1,116,152

ROBERKIRI 11,594,831 151,788 12,004,594

IDAMA 1,169,477 - 1,212,288

ABIGBORODO 1,618,628 - 1,659,103

JOKKA 38,568 - 37,419

BENIN RIVER 10,737,863 693,343 10,239,491

GBOKODA 5,385,827 - 5,413,765

DELTA SOUTH 7,372,172 36,900 7,275,586

DELTA 8,156,997 39,060 8,106,982

ISAN 1,360,695 46,208 1,296,597

WEST ISAN 882,898 - 730,551

EWAN 10,255,279 131,688 10,062,065

OKAN 46,166,404 537,890 47,051,030

MEFA 7,226,436 - 6,595,295

MEJI 9,753,109 129,599 9,637,613

DELTA SOUTH 3,792,430 37,105 3,755,325

MEREN 26,774,684 2,016,836 23,998,707

TAPA 3,133,418 58,121 3,044,617

PARABE 11,017,566 234,192 10,674,472

MALU 8,763,844 10,469 8,721,865

WEST ISAN 1,249,934 - 1,473,257

MINA 88,723 - 86,494

DELTA 796,735 39,277 757,458

INDA 3,930,976 - 3,920,976

MEJO 1,580,544 - 1,564,460

KITO 202,760 - 200,394

OPOLO 5,882,026 273,776 5,590,026

TOTAL 202,525,614 5,014,926 198,112,501

ASB 1999 – Page 40

Table 10d

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Elf

FIELD GAS PRODUCED GAS USED AS FUEL GAS FOR NGL GAS FLARED

AGHIGHO

444,441

94,859 -

335,850

OBODO

419,050

1,607,523 -

349,968

OKPOKO

103,860

44,143 -

58,975

UPOMAMI

123,737

60,521 -

63,254

OBAGI/EREMA

7,053,163

261,782 -

6,657,181

OLO

1,331,562

139,688 -

1,196,166

IBEWA

3,061,181

28,179

184,163

2,822,811

AFIA

1,161,611

28,179

184,163

922,822

EDIKAN

2,191,624 -

-

2,202,641

IME

3,074,734

25,780 -

3,047,398

ODUDU

8,703,709

367,041 -

7,328,350

OFON

9,964,159

309,578 -

9,829,638

TOTAL

37,632,831

2,967,273

368,325

34,815,054

ASB 1999 – Page 41

Table 10e

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: NAOC

FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS TO EPCL GAS FOR NGL GAS LIFT GAS FLARED

EBOCHA FIELDS 28,002,928

318,971

-

1,401,573

1,546,840

-

1,517,234

22,289,161

AKRI FIELDS 16,098,559

169,500

185,203

4,148,560

1,368,203

-

1,167,500

12,147,720

OBR/OBI FIELDS 156,546,858

8,282,059

-

55,107,433

19,378,579

18,056,808

6,046,834

60,689,259

OSHI FIELDS 29,386,150

153,500

-

-

2,710,940

-

2,695,440

26,523,710

KWALE FIELDS 17,049,582

254,075

-

4,792,709

1,850,986

-

1,329,522

10,673,276

TEBIDABA FIELDS 6,820,437

56,780

-

-

559,830

-

554,560

6,209,097

OBAMA FIELDS 10,744,785

387,959

-

-

829,538

-

791,773

9,565,053

CLOUGH CREEK FIELDS 340,487

60,010

-

-

31,950

-

26,680

253,797

BENIBOYE FIELDS 731,798

62,050

-

-

36,274

-

31,004

638,744

OGBAINBIRI FIELDS 2,509,302

56,750

-

-

254,069

-

248,489

2,204,065

TOTAL 268,230,886

9,801,654

185,203

65,450,275

28,567,209

18,056,808

14,409,036

151,193,882

ASB 1999 – Page 42

Table 10f

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Texaco

FIELD GAS PRODUCED GAS USED AS FUEL GAS FLARED

PENNINGTON

4,140,000

43,614

4,096,386

MIDDLETON

444,000

20,235

423,765

NORTH APOI

6,314,000

44,567

6,269,433

FUNIWA

20,651,000

52,901

20,598,099

OKUBIE

2,874,000

-

2,874,000

TOTAL

34,423,000

161,317

34,261,683

ASB 1999 – Page 43

Table 10g

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Pan Ocean

FIELD GAS PRODUCED GAS USED AS FUEL GAS FLARED

ASABORO SOUTH 297,234 22,292

383,646

OGHAREFE 1,053,170 105,313

1,268,350

OLOGBO 10,225,543 1,412,017

9,368,192

TOTAL 11,575,947 1,539,622

11,020,188

ASB 1999 – Page 44

Table 11

Gas Production and Utilization by Field (mscf) - Full year, 1999 Company: Shell

FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD GAS RE-INJECTED GAS TO EPCL GAS FOR NGL GAS TO

NGC GAS LIFT GAS DELIVERED

TO NNPC GAS FLARED JV: SHELL 369,028,639 7,971,048 21,293,249 2,450,170 - 6,622,119 64,915,417 - 352,326 262,631,373 MOBIL 404,936,932 6,884,117 - 300,454,631 - 22,139,300 2,806,900 24,069,627 - 100,213,284

CHEVRON 202,525,614 5,014,926 - - - - - - - 198,112,501

ELF 37,632,831 2,967,273 - - - 368,325 - 6,477,104 - 34,815,054

NAOC 268,230,886 9,801,654 185,203 65,450,275 28,567,209 18,056,808 - 14,409,036 - 151,193,882

TEXACO 34,423,000 161,317 - - - - - - - 34,261,683

SUB - TOTAL 1,316,777,902 32,800,335 21,478,452 368,355,076 28,567,209 47,186,552 67,722,317 44,955,767 352,326 781,227,777

PSC:

PAN-OCEAN 11,575,947 1,539,622 - - - - - - - 11,020,188

SUB - TOTAL 11,575,947 1,539,622 - - - - - - - 11,020,188

GRAND-TOTAL 1,328,353,849 34,339,957 21,478,452 368,355,076 28,567,209 47,186,552 67,722,317 44,955,767 352,326 792,247,965

JV:

SHELL 369,028,639 7,971,048 21,293,249 2,450,170 - 6,622,119 64,915,417 - 352,326 262,631,373

MOBIL 404,936,932 6,884,117 - 300,454,631 - 22,139,300 2,806,900 24,069,627 - 100,213,284

CHEVRON 202,525,614 5,014,926 - - - - - - - 198,112,501

ELF 37,632,831 2,967,273 - - - 368,325 - 6,477,104 - 34,815,054

NAOC 268,230,886 9,801,654 185,203 65,450,275 28,567,209 18,056,808 - 14,409,036 - 151,193,882

TEXACO 34,423,000 161,317 - - - - - - - 34,261,683

SUB - TOTAL 1,316,777,902 32,800,335 21,478,452 368,355,076 28,567,209 47,186,552 67,722,317 44,955,767 352,326 781,227,777

PSC:

PAN-OCEAN 11,575,947 1,539,622 - - - - - - - 11,020,188

SUB - TOTAL 11,575,947 1,539,622 - - - - - - - 11,020,188

GRAND-TOTAL 1,328,353,849 34,339,957 21,478,452 368,355,076 28,567,209 47,186,552 67,722,317 44,955,767 352,326 792,247,965

ASB 1999 – Page 45

0

200

400

600

800

1000

1200

1400

Bsc

f

PRODUCED FLARED UTILIZED

ANALYSIS OF GAS PRODUCED - Full year, 1999

ASB 1999 – Page 46

Table 12

Nigerian Gas Company: Gas Sales Full year, 1999

BUYER Quantity (mmscf)

Receivable Revenue (=N= million)

Alscon Ikot Abasi 5,054.990 216.937

DSCL Aladja 76.660 0.806

NAFCON Onne 8,740.570 375.880

WRPC Warri 2,184.560 22.899

WAPCO Shagamu 5,677.000 1,377.343

WAPCO Ewekoro 3,319.530 900.365

NEPA Sapele 16,226.260 170.155

NEPA Afam 46.450 0.486

NEPA Egbin 59,857.040 627.291

NEPA Delta IV 17,370.770 182.047

PZ Lagos Industries 167.900 33.215

SPDC 399.480 30.052

TOTAL 119,121.210 3,937.477

ASB 1999 – Page 47

Table 13

Joint Venture Gas Sales Statistics - Full year, 1999

BUYER

VOLUME (scf)

PROCEEDS (=N=)

Aba Textile Mills 106,912,250.00 10,438,698.25

Inter. Equitable Ltd 116,488,121.00 11,373,667.15

Lever Brothers, Aba 164,058,887.00 15,814,193.52

Nigerian Breweries 68,552,235.00 6,693,303.12

NEPA, Afam 44,298,546.00 132,895.64

NEPA, Ughelli 3,793,510,611.00 11,380,531.82

NNPC - Nafcon 10,406,460,423.00 63,603,072.04

NGC - ALSCON 5,054,872,082.00 82,899,902.13

NNPC - NEPA - Sapele (Oben) 21,737,963,020.00 79,530,956.08

NGC - NEPA - Sapele 4,618,632,708.00 16,867,719.56

NNPC - Nig. Gas Co. Benin City 18,366,958.00 8,210.03

Pz Industries. Ltd, Aba 36,179,441,120.00 131,229,397.45

Rivers State Utility Board 385,914,581.00 37,087,791.66

International Glass Ind. Aba 880,589,742.00 93,139,977.02

NNPC - Obigbo - North - Gas - Plant 167,976,889.00 16,184,058.74

R.S.U.B. Imiringi 30,964,187.00 233,315.14

Grand-Total 84,686,276,620.00 724,909,349.68

NOTE:- This is a Total Joint Venture for NNPC (55%), SHELL (30%), ELF (10%) & AGIP (5%) SOURCE: SHELL PETROLEUM COMPANY

ASB 1999 – Page 48

Table 14

Total Crude Oil and Gas Revenue Flow For the year 1999 (US$ million)

NNPC Joint Venture Month OIL GAS PPT ROYALTIES OTHERS Total

January 322.74 2.76 1.31 19.22 11.83 357.86

February 267.65

2.99

8.97

36.69

11.35

327.65

March 299.83

3.42

- 3.53

97.02

11.65

408.39

April 311.47

-

4.50

46.50

11.72

374.19

May 454.80

4.73

5.47

75.81

20.96

561.77

June 365.11

7.94

12.28

52.36

51.93

489.62

July 425.31

6.70

15.13

73.74

43.99

564.87

August 489.88

3.11

14.01

136.39

15.20

658.59

September 644.43

7.31

26.62

42.71

4.83

725.90

October 526.95

8.31

164.22

180.41

10.56

890.45

November 687.87

10.75

6.95

64.71

7.85

778.13

December 646.97

20.32

293.86

234.96

9.57

1,205.68

TOTAL 5,443.01

78.34

549.79

1,060.52

211.44

7,343.10

NOTE: Others, include receipts for Taxes, Gas Flared, Rentals, etc.

ASB 1999 – Page 49

Table 15a

Nigerian Crude Oil Realisable Prices (US $). full year, 1999

CRUDE STREAM

MONTH

Forcados Blend

Bonny Light

Bonny Medium

Brass Blend

Escravos Light

Pennington Light

Antan Blend

Odudu Blend

IMA

Qua- Iboe Light

Oso

Condensate

JANUARY 10.7858 10.9773 10.2273 11.0373 10.8923 11.1073 9.3858 0.0000 0.0000 10.9573 10.6369

FEBRUARY 9.6053 9.7260 8.9760 9.7600 9.6410 9.8560 8.3053 0.0000 0.0000 9.6960 9.5129

MARCH 11.1403 11.3087 10.5587 11.3637 11.2237 11.4387 9.8401 0.0000 0.0000 11.2787 11.4512

APRIL 14.3231 14.6227 13.8727 14.6827 14.5377 14.7527 13.0231 0.0000 0.0000 14.5927 14.4766

MAY 15.1821 15.1954 14.4454 15.2554 15.1104 15.3254 13.8821 0.0000 0.0000 15.1654 15.0327

JUNE 15.1775 15.4146 14.6646 15.4746 15.3296 15.5446 13.8775 0.0000 0.0000 15.3846 15.0194

JULY 18.4614 18.5486 17.7986 18.6086 18.4636 18.6786 17.1614 0.0000 0.0000 18.5186 18.1435

AUGUST 20.1424 20.2748 19.4563 20.3348 20.1648 20.4048 18.8424 0.0000 0.0000 20.1998 20.2517

SEPTEMBER 21.9627 22.0207 21.2707 22.0807 21.9107 22.1507 20.6627 0.0000 0.0000 21.9457 21.8123

OCTOBER 22.0107 22.1225 21.4725 22.1825 22.0125 22.2525 20.7107 0.0000 0.0000 22.0475 21.3383

NOVEMBER 24.0210 24.0550 23.3050 24.1150 23.9450 24.1850 22.7210 0.0000 0.0000 23.9800 23.2062

DECEMBER 25.7082 25.7514 0.0000 25.8114 25.6414 25.8814 24.4082 0.0000 0.0000 25.6764 24.5149

AVERAGE 17.3767 17.5015 14.6707 17.5589 17.4061 17.6315 16.0684 0.0000 0.0000 17.4536 17.1164

Source COSD

ASB 1999 – Page 50

Table 15b

Average Spot Prices of OPEC Reference Basket & some selected Crudes (US Dollars). For the year, 1999

CRUDE STREAM MONTH OPEC Basket Brent WTI Bonny Light Munias Saharan Blend Arabian Light Dubai Tia Juana Light Isthmus

JANUARY 10.7371 11.0800 12.4100 11.3300 11.0300 11.5700 10.4300 10.7000 9.8900 10.2100

FEBRUARY 10.0171 10.2500 11.9600 10.2400 10.6600 10.4100 10.0500 10.0300 9.2200 9.5100

MARCH 12.3586 12.5100 14.6400 12.5600 12.5100 12.7300 12.1100 12.3800 11.9200 12.3000

APRIL 14.9971 15.2400 17.2500 15.4400 15.7000 15.1000 14.9200 14.9000 13.8200 15.1000

MAY 15.4814 15.4100 17.8300 15.4500 16.7900 15.2300 15.6000 15.4600 14.4400 15.4000

JUNE 15.6043 15.7600 17.8700 15.8600 16.7600 15.7800 15.4100 15.4000 14.5400 15.4800

JULY 18.2871 19.1000 20.0800 19.2800 18.3800 19.4000 17.8500 17.9000 16.9700 18.2300

AUGUST 19.6643 20.2400 21.2000 20.4400 19.6300 20.5200 19.5800 19.4500 18.4500 19.5800

SEPTEMBER 22.1686 22.6600 24.0400 22.9000 21.9900 22.8600 22.3500 22.0300 20.9500 22.1000

OCTOBER 21.6729 22.0400 22.7300 22.3000 22.3600 22.2700 22.1800 21.4800 20.1600 20.9600

NOVEMBER 23.7486 24.6200 24.9900 24.8000 23.7000 25.0500 23.6600 23.0800 22.5000 23.4500

DECEMBER 24.7643 25.6300 26.2100 25.8600 24.2700 26.1300 25.0400 23.6500 23.6100 24.7900

AVERAGE 17.4585 17.8783 19.2675 18.0383 17.8150 18.0875 17.4317 17.2050 16.3725 17.2592

Source COSD

Table 16

ASB 1999 – Page 51

Nigerian Crude Oil Production and Exports 1961 - 1999 (Barrels)

Production Exports

Year Total Production Daily Average Total Exports Daily Average 1961 16,801,896 46,033 16,505,985 45,222

1962 24,623,691 67,462 24,697,969 67,666

1963 27,913,479 76,475 27,701,320 75,894

1964 43,996,895 120,210 43,431,563 118,665

1965 99,353,794 272,202 96,984,975 265,712

1966 152,428,168 417,611 139,549,969 382,329

1967 116,553,292 319,324 109,274,902 299,383

1968 51,907,304 141,823 52,129,858 142,431

1969 197,204,486 540,286 197,245,641 540,399

1970 395,835,825 1,084,482 383,446,359 1,050,538

1971 558,878,882 1,531,175 542,545,131 1,486,425

1972 665,283,111 1,817,713 650,640,779 1,777,707

1973 750,452,286 2,056,034 725,017,584 1,986,350

1974 823,320,724 2,255,673 795,710,044 2,180,028

1975 651,509,039 1,784,956 627,638,981 1,719,559

1976 758,058,376 2,071,198 736,822,998 2,013,178

1977 766,053,944 2,098,778 744,413,355 2,039,489

1978 692,269,111 1,896,628 667,357,065 1,828,376

1979 841,226,770 2,304,731 818,726,943 2,243,088

1980 752,223,285 2,055,255 700,138,614 1,912,947

1981 525,500,562 1,439,728 447,814,027 1,226,888

1982 470,687,221 1,289,554 366,410,179 1,003,864

1983 450,974,545 1,235,547 341,360,910 935,235

1984 507,998,997 1,387,975 400,428,085 1,094,066

1985 547,089,595 1,498,876 453,758,591 1,243,174

1986 535,296,671 1,466,566 445,673,729 1,221,024

1987 482,886,071 1,322,976 388,815,449 1,065,248

1988 490,440,000 1,340,000 406,443,000 1,110,500

1989 626,449,500 1,716,300 556,953,500 1,525,900

1990 630,245,500 1,726,700 565,750,000 1,550,000

1991 690,981,500 1,893,100 587,650,000 1,610,000

1992 716,262,000 1,957,000 580,110,000 1,585,000

1993 695,398,000 1,905,200 568,305,000 1,557,000

1994 664,628,500 1,820,900 580,350,000 1,590,000

1995 672,549,000 1,842,600 607,725,000 1,665,000

1996 681,894,600 1,863,100 620,135,000 1,694,358

1997 855,736,287 2,344,483 767,949,757 2,103,972

1998 806,443,999 2,209,436 706,265,498 1,934,974

1999 774,703,222 2,122,475 678,111,479 1,857,840

Grand Total 20,212,060,128 1,418,989 18,169,989,239 1,275,626

ASB 1999 – Page 52

Table 17

Nigerian Natural Gas Production and Disposal 1961 - 1999 (Million Cubic Metres) Year Gas Produced Gas Utilised Gas Flared

1961 310 N/A N/A

1962 486 N/A N/A

1963 626 N/A N/A

1964 1,029 N/A N/A

1965 2,849 116 2,733

1966 2,908 216 2,692

1967 2,634 102 2,532

1968 1,462 151 1,311

1969 4,126 64 4,062

1970 8,068 111 7,957

1971 12,996 206 12,790

1972 17,122 274 16,848

1973 21,882 395 21,487

1974 27,170 394 26,776

1975 18,656 323 18,333

1976 21,274 657 20,617

1977 21,815 863 20,952

1978 20,486 1,046 19,440

1979 27,450 1,378 26,073

1980 24,551 2,337 22,214

1981 17,113 3,643 13,470

1982 15,382 3,442 11,940

1983 15,192 3,244 11,948

1984 16,251 3,438 12,813

1985 18,569 4,647 13,922

1986 18,738 4,821 13,917

1987 17,170 4,976 12,194

1988 20,250 5,510 14,740

1989 25,129 6,303 18,784

1990 28,430 6,020 22,410

1991 31,460 6,800 24,660

1992 32,084 7,508 24,575

1993 33,680 7,910 25,770

1994 33,680 6,770 26,910

1995 35,100 8,114 26,986

1996 35,450 8,860 26,590

1997 37,150 10,383 24,234

1998 37,039 13,407 23,632

1999 43,636 21,274 22,362

Grand Total 749,403 145,703 598,674

ASB 1999 – Page 53

Table 18

World Crude Oil Production and Exports Vis- a -Vis OPEC and Nigeria: 1961 - 1999 ('000 Barrels Per Day)

Production Exports Year

World OPEC Nigeria World OPEC Nigeria 1961 22,343.6 9,363.8 46.0 8,150.5 7,407.6 45.2 1962 24,263.4 10,508.1 67.5 9,202.1 8,353.2 67.7 1963 25,960.1 11,514.2 76.5 10,176.9 9,250.9 75.9 1964 28,071.9 12,983.9 120.2 11,979.1 10,617.2 118.7 1965 30,201.5 14,339.2 272.2 13,276.7 11,768.3 265.7 1966 32,812.3 15,770.2 417.6 15,225.3 13,507.7 382.3 1967 35,291.9 16,849.8 319.3 16,291.7 14,239.5 299.4 1968 38,054.1 18,785.6 141.8 18,461.6 16,076.7 142.4 1969 41,246.0 20,906.3 540.3 20,975.6 18,080.0 540.4 1970 45,272.7 23,413.0 1,084.5 23,516.6 20,223.4 1,050.5 1971 47,854.7 25,326.3 1,531.2 25,480.0 22,031.7 1,486.4 1972 50,708.4 27,094.4 1,817.7 27,779.9 24,078.5 1,777.7 1973 55,478.9 30,988.5 2,056.0 31,703.9 27,547.2 1,986.4 1974 55,813.4 30,729.2 2,255.7 31,130.6 27,258.9 2,180.0 1975 52,746.1 27,155.0 1,785.0 28,521.3 24,063.9 1,719.6 1976 57,434.4 30,737.8 2,071.2 32,306.8 27,098.8 2,013.2 1977 59,985.7 31,253.5 2,098.8 32,990.0 27,322.7 2,030.2 1978 60,245.3 29,805.3 1,896.6 31,848.0 25,792.5 1,827.1 1979 62,890.8 30,928.9 2,304.7 33,433.4 26,477.5 2,210.1 1980 60,024.8 26,880.0 2,055.3 29,876.2 22,605.3 1,960.2 1981 56,183.0 22,598.6 1,439.7 25,849.5 18,319.5 1,228.4 1982 53,495.0 18,992.3 1,289.6 22,399.1 14,049.4 1,002.8 1983 52,418.0 16,992.3 1,235.5 21,168.3 12,210.7 935.2 1984 53,021.1 16,347.2 1,388.0 21,506.6 11,737.1 1,094.1 1985 52,633.1 15,447.7 1,498.9 20,632.5 10,569.5 1,333.3 1986 55,530.0 18,333.1 1,466.6 23,001.4 12,594.0 1,221.2 1987 54,958.0 17,324.8 1,323.0 22,639.9 11,797.6 1,065.2 1988 57,349.5 19,618.5 1,340.0 24,314.8 13,032.9 1,110.5 1989 58,206.0 21,340.3 1,716.3 25,884.4 14,875.9 1,525.9 1990 59,496.9 22,067.2 1,726.7 27,262.5 16,050.9 1,550.0 1991 59,124.1 22,313.1 1,893.1 27,870.2 16,956.7 1,610.0 1992 59,709.1 23,849.9 1,957.0 29,078.1 17,413.9 1,585.0 1993 59,349.9 24,230.5 1,905.2 30,396.2 17,899.6 1,557.0 1994 59,999.6 24,609.4 1,820.9 31,412.6 18,017.9 1,590.0 1995 60,416.8 24,600.8 1,842.6 32,244.1 18,084.3 1,665.0 1996 61,619.0 24,769.2 1,863.1 33,245.1 18,288.0 1,699.0 1997 65,443.0 25,384.0 2,344.5 38,070.0 25,636.0 2,104.0 1998 70,050.0 28,030.0 2,209.4 36,067.7 20,388.1 1,935.0 1999 69,500.0 26,620.0 2,122.5 N/A N/A 1,857.8 Grand Total 2,005,202.1 858,801.9 55,340.7 945,369.2 671,723.5 49,848.5

ASB 1999 – Page 54

Table 19

Crude Oil Production in OPEC Member Countries 1961 - 1999 (Thousand Barrels Per Day)

Year Algeria Ecuador Gabon Indonesia I.R. of Iran Iraq Kuwait S.P.

Libyan A.J. Nigeria Qatar Suadi Arabia

Unt. Arab Emirates Venezuela Total

1961 330.9 8 14.9 424.3 1,202.20 1,007.10 1,735.00 18.2 46 117.2 1,480.10 - 2,919.90 9,303.80 1962 436.9 7 16.4 453.4 1,334.50 1,009.20 1,957.80 182.3 67.5 186.2 1,642.90 14.2 3,199.80 10,508.10 1963 504.3 6.8 17.7 444 1,491.30 1,161.90 2,096.30 441.8 76.5 191.5 1,786.00 48.2 3,247.90 11,514.20 1964 554.8 7.6 21 456.6 1,710.70 1,255.20 2,301.00 862.4 120.2 215.3 1,896.50 186.8 3,392.80 12,980.90 1965 557.7 7.8 24.9 480.6 1,908.30 1,312.60 2,360.30 1,218.80 274.2 232.6 2,205.30 282.2 3,472.90 14,338.20 1966 718.7 7.3 28.6 464.6 2,131.80 1,392.20 2,484.10 1,501.10 417.6 291.3 2,601.80 360 3,371.10 15,770.20 1967 825.7 6.2 69 505.4 2,603.20 1,228.10 2,499.80 1,740.50 319.1 323.6 2,805.00 382.1 3,542.10 16,849.80 1968 904.2 5 91.9 600.7 2,839.80 1,503.30 2,613.50 2,602.10 141.3 339.5 3,042.90 496.6 3,604.80 18,785.60 1969 946.4 4.4 99.8 742.3 3,375.80 1,521.20 2,773.40 3,109.10 540.3 355.5 3,216.20 627.8 3,594.10 20,906.30 1970 1,029.10 4.1 108.8 853.6 3,829.00 1,548.60 2,989.60 3,318.00 1,083.10 362.4 3,799.10 779.6 3,708.00 23,413.00

1971 785.4 3.7 114.6 892.1 4,539.50 1,694.10 3,196.70 2,760.80 1,531.20 430.7 4,768.90 1,059.50 3,549.10 25,326.30 1972 1,062.30 78.1 125.2 1,080.80 5,023.10 1,465.50 3,283.00 2,239.40 1,815.70 482.4 6,016.30 1,202.70 3,219.90 27,094.40 1973 1,097.30 208.8 150.2 1,338.50 5,860.90 2,018.10 3,020.40 2,174.90 2,054.30 570.3 7,596.20 1,532.60 3,366.00 30,988.50 1974 1,008.60 177 201.5 1,374.50 6,021.60 1,970.60 2,546.10 1,521.30 2,255.00 518.4 8,479.70 1,678.60 2,976.30 30,729.20 1975 982.6 160.9 223 1,306.50 5,350.10 2,261.70 2,084.20 1,479.80 1,783.20 437.6 7,075.40 1,663.80 2,346.20 27,155.00 1976 1,075.10 187.9 222.8 1,503.60 5,882.90 2,415.40 2,145.40 1,932.60 2,066.80 497.3 8,577.20 1,936.40 2,294.40 30,737.80 1977 1,152.30 183.4 222 1,686.20 5,662.80 2,348.20 1,969.00 2,063.40 2,085.10 444.6 9,199.90 1,998.70 2,237.90 31,253.50 1978 1,161.20 201.8 208.7 1,635.20 5,241.70 2,562.00 2,131.40 1,982.50 1,897.00 486.7 8,301.10 1,830.50 2,165.50 29,805.30 1979 1,153.80 214.2 203.4 1,590.80 3,167.90 3,167.90 2,500.30 2,091.70 2,302.00 508.1 9,532.60 1,830.70 2,356.40 30,619.80 1980 1,019.90 204.1 174.5 1,575.70 1,467.30 2,646.40 1,663.70 1,831.60 2,058.00 471.4 9,900.50 1,701.90 2,165.00 26,880.00 1981 797.8 211 151.4 1,604.20 1,315.90 897.4 1,129.70 1,217.80 1,439.60 415.2 9,808.00 1,502.30 2,108.30 22,598.60 1982 704.5 198.3 155.1 1,324.80 2,391.30 1,012.10 824.3 1,136.00 1,287.00 332 6,483.00 1,248.80 1,895.00 18,992.20 1983 660.9 237.5 155.4 1,245.30 2,441.70 1,098.80 1,054.10 1,104.90 1,235.50 269 4,539.40 1,149.00 1,800.80 16,992.30 1984 695.4 256.1 157.4 1,280.10 2,032.40 1,221.30 1,163.00 984.6 1,388.00 325.3 4,079.10 1,069.00 1,695.50 16,347.20 1985 672.4 280.6 171.7 1,181.50 2,192.30 1,404.40 936.3 1,023.70 1,498.90 290.1 3,175.00 1,056.80 1,564.00 15,447.70 1986 673.9 256.5 164.7 1,256.80 2,037.10 1,876.50 1,237.70 1,308.00 1,466.60 313.6 4,784.20 1,308.90 1,648.50 18,333.00 1987 648.2 180.9 154.5 1,158.10 2,297.60 2,358.70 971.6 972.5 1,323.00 291.4 3,975.20 1,417.70 1,575.50 17,324.90 1988 650.7 300.8 157 1,177.50 2,305.40 2,739.80 1,396.50 1,029.80 1,367.60 319.4 5,086.30 1,509.50 1,578.10 19,618.40 1989 727.3 278.9 204.3 1,231.00 2,814.10 2,785.80 1,463.50 1,129.20 1,716.30 320.2 5,064.50 1,857.80 1,747.40 21,340.30 1990 785.9 - - 1,299.30 3,134.50 2,110.00 849.2 1,388.70 1,726.70 405.6 6,412.50 1,819.70 2,135.20 22,067.30 1991 803 - - 1,450.00 3,398.90 285.8 190.1 1,403.20 1,893.10 391.2 8,117.80 2,093.90 2,286.20 22,313.20 1992 756.5 - - 1,347.70 3,431.60 526.2 1,057.20 1,432.70 1,957.00 423.2 8,331.70 2,240.50 2,345.60 23,849.90 1993 747.3 - - 1,327.30 3,425.20 659.5 1,881.80 1,361.00 1,905.20 390.3 8,047.70 2,159.30 2,326.00 24,230.60 1994 752.5 - - 1,332.80 3,596.00 748.7 2,006.60 1,389.80 1,820.90 378.7 8,049.00 2,166.50 2,367.90 24,609.40 1995 752.5 - - 1,328.40 3,595.00 736.9 2,006.60 1,399.00 1,842.60 389.8 8,023.40 2,148.00 2,378.50 24,600.70 1996 805.70 - - 1,326.70 3,596.00 740.40 2,005.60 1,394.00 1,863.10 393.10 8,162.30 2,161.30 2,381.00 24,829.20 1997 851.00 - - 1,390.00 3,649.00 1,190.00 2,088.00 1,431.00 2,344.00 616.00 8,304.00 2,250.00 3,228.00 27,341.00 1998 822.00 - - 1,342.00 3,586.00 2,113.00 2,076.00 1,390.00 2,209.40 661.00 8,250.00 2,261.00 3,137.00 27,847.40 1999 765.00 - - 1,310.00 3,507.00 2,509.00 1,907.00 1,338.00 2,122.48 646.00 7,658.00 2,079.00 2,805.00 26,646.48 NOTE: Ecuador and Gabon stopped being members of OPEC from 1990.

ASB 1999 – Page 55

Table 20

OPEC & Nigeria: % Contribution to World Crude Oil Production and Exports 1961 - 1999 ('000 Barrels Per Day)

Production Exports Year

OPEC % Nigeria OPEC % Nigeria 1961 41.9 0.2 90.9 0.6 1962 43.3 0.3 90.8 0.7 1963 44.4 0.3 90.9 0.7 1964 46.3 0.4 88.6 1.0 1965 47.5 0.9 88.6 2.0 1966 48.1 1.3 88.7 2.5 1967 47.7 0.9 87.4 1.8 1968 49.4 0.4 87.1 0.8 1969 50.7 1.3 86.2 2.6 1970 51.7 2.4 86.0 4.5 1971 52.9 3.2 86.5 5.8 1972 53.4 3.6 86.7 6.4 1973 55.9 3.7 86.9 6.3 1974 55.1 4.0 87.6 7.0 1975 51.5 3.4 84.4 6.0 1976 53.5 3.6 83.9 6.2 1977 52.1 3.5 82.8 6.2 1978 49.5 3.1 81.0 5.7 1979 49.2 3.7 79.2 6.6 1980 44.8 3.4 75.7 6.6 1981 40.2 2.6 70.9 4.8 1982 35.5 2.4 62.7 4.5 1983 32.4 2.4 57.7 4.4 1984 30.8 2.6 54.6 5.1 1985 29.3 2.8 51.2 6.5 1986 33.0 2.6 54.8 5.3 1987 31.5 2.4 52.1 4.7 1988 34.2 2.3 53.6 4.6 1989 36.7 2.9 57.5 5.9 1990 37.1 2.9 58.9 5.7 1991 37.7 3.2 60.8 5.8 1992 39.9 3.3 59.9 5.5 1993 40.8 3.2 58.9 5.1 1994 41.0 3.0 57.4 5.1 1995 40.7 3.0 56.1 5.2 1996 40.2 3.0 55.0 5.1 1997 38.8 2.9 67.3 5.5 1998 40.0 3.2 56.5 5.4 1999 38.3 3.1

ASB 1999 – Page 56

Table 21

Nigerian Crude Oil Reserves and Production Ratio 1961 - 1999 (Barrels) Year Reserve (Million) Production (Thousand) R/P 1961 300 16,802 17.9 1962 400 24,624 16.2 1963 500 27,913 17.9 1964 1,000 43,997 22.7 1965 3,000 99,354 30.2 1966 3,500 152,428 23.0 1967 3,550 116,553 30.5 1968 4,000 51,907 77.1 1969 5,000 197,204 25.4 1970 9,300 395,836 23.5 1971 11,680 558,879 20.9 1972 15,000 665,283 22.5 1973 20,000 750,452 26.7 1974 20,900 823,321 25.4 1975 20,200 651,509 31.0 1976 19,445 758,058 25.7 1977 18,700 766,054 24.4 1978 18,200 692,269 26.3 1979 17,400 841,227 20.7 1980 16,700 752,223 22.2 1981 16,500 525,501 31.4 1982 16,750 470,687 35.6 1983 16,550 450,975 36.7 1984 16,650 507,999 32.8 1985 16,600 547,090 30.3 1986 16,066 535,297 30.0 1987 15,980 482,886 33.1 1988 16,000 490,440 32.6 1989 16,000 626,450 25.5 1990 17,100 630,246 27.1 1991 20,000 690,982 28.9 1992 20,991 716,262 29.3 1993 20,991 695,398 30.2 1994 20,991 664,629 31.6 1995 20,828 672,549 31.0 1996 20,828 681,895 30.5 1997 22,000 855,001 25.7 1998 22,000 806,444 27.3 1999 20,000 774,703 25.8

ASB 1999 – Page 57

Table 22

1999 Refinery Crude Oil Balance ('000bbls)

Source: Refinery Monthly Reports

Q1 Q2 Q3 Q4 Annual Opening Stock Arabia Light 1,086.49 1,048.85 1,035.75 141.19 1,086.49 Bonny Light 1,429.55 1,588.87 1,442.90 1,794.35 1,429.55 Escravos Light 1,721.65 1,186.94 1,677.31 974.60 1,721.65 Forcados Blend 278.10 281.71 296.71 211.73 278.10

Total Stock Addittions 4,515.79 4,106.37 4,452.67 3,121.88 4,515.79

Crude Oil Received Arabia Light 319.22 319.22 Bonny Light 6,047.97 10,233.00 11,545.40 9,543.18 37,369.55 Escravos Light 7,869.65 6,508.00 6,884.99 6,907.88 28,170.52 Forcados Blend 109.10 10.75 119.85

Total Receipts 14,026.72 16,740.99 18,430.39 16,781.04 65,979.13

Crude Oil Processed Arabia Light 621.55 621.55 Bonny Light 5,872.78 10,370.18 11,194.43 9,212.61 36,650.01 Escravos Light 8,258.52 6,017.62 7,581.65 7,104.43 28,962.23 Forcados Blend 105.48 69.98 175.46

Total Processed 14,236.79 16,387.80 19,467.61 16,317.05 66,409.25

Closing Stock Arabia Light 1,086.49 1,048.85 414.19 460.41 784.15 Bonny Light 1,604.74 1,451.69 1,793.87 2,124.93 2,149.10 Escravos Light 1,332.78 1,677.31 980.65 778.05 929.94 Forcados Blend 281.71 281.71 226.74 222.48 222.48

Total Closing Stock 4,305.72 4,459.56 3,415.45 3,585.87 4,085.67

ASB 1999 – Page 58

0

5

10

15

20

25

Q1 Q2 Q3 Q4

mb

bls

Crude Oil Received Crude Oil Processed

Quarterly Crude oil Received Vs Processed

ASB 1999 – Page 59

0

30

60

90

mb

bls

Received 80,473.49 52,422.07 65,979.13

Processed 78,002.00 54,304.19 66,409.25

1997 1998 1999

Crude oil Received Vs Processed (1997 – 1999)

ASB 1999 – Page 60

Table 23

Crude Oil Received - 1999

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

Arabia Light 319.22 319.22

Bonny Light 3,276.91 502.41 2,268.65 3,261.14 3,380.96 3,590.90 3,739.06 3,943.34 3,863.00 3,787.96 3,251.96 2,503.26 37,369.55

Escravos Light 1,742.50 2,610.86 3,516.30 2,526.84 1,947.81 2,033.34 2,561.05 2,124.65 2,199.29 2,010.68 2,615.56 2,281.65 28,170.52

Forcados Blend 109.10 10.75 119.85

Total Receipts 5,019.41 3,222.36 5,784.95 5,787.98 5,328.77 5,624.24 6,300.11 6,067.99 6,062.29 5,798.64 5,878.26 5,104.13 65,979.13 Source: Refinery Monthly Reports

ASB 1999 – Page 61

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

45,000,000

1997 1998 1999

bb

ls

Arabian Light 2,483.05 319.22

Bonny Light 39,274.44 27,377.66 37,369.55

Escravos Light 36,381.25 24,440.90 28,170.52

Forcados Blend 2,334.75 603.52 119.85

1997 1998 1999

Crude Oil Received (1997 - 1999)

ASB 1999 – Page 62

Table 24

Crude Oil Received (1997 - 1999)

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

Arabia Light 152.67 468.89 621.55

Bonny Light 2,767.77 270.86 2,834.15 2,930.07 4,020.01 3,420.10 3,244.72 4,180.63 3,769.08 3,526.01 2,984.70 2,701.90 36,650.01

Escravos Light 2,164.95 2,977.58 3,115.99 2,686.29 2,156.43 1,174.91 2,872.89 2,095.49 2,613.27 1,695.59 2,554.03 2,854.81 28,962.23

Forcados Blend 45.60 59.88 69.98 175.46

Total Processed 4,978.33 3,308.32 5,950.14 5,616.36 6,176.44 4,595.00 6,270.28 6,814.98 6,382.36 5,221.60 5,538.73 5,556.71 66,409.25

Source: Refinery Monthly Reports

ASB 1999 – Page 63

0

5

10

15

20

25

30

35

40

1997 1998 1999

mb

bls

Arabian Light 2,463.22 621.55

Bonny Light 37,797.36 29,152.33 36,650.01

Escravos Light 35,477.44 24,613.03 28,962.23

Forcados Blend 2,263.98 538.83 175.46

1997 1998 1999

Crude Oil Processed (1997 - 1999)

ASB 1999 – Page 64

Table 24 Finished Products from Domestic Refineries - 1999

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

LPG 976 1,739 5,946 1,789 310 6,487 8,299 9,131 6,612 2,019 1,861 9,132 54,301 LPG

PMS 59,546 50,247 137,593 121,404 163,299 137,845 149,700 188,803 176,018 161,497 164,545 152,455 1,662,952 PMS

DPK 91,612 65,063 112,971 114,274 111,895 79,105 126,539 128,714 131,382 97,953 111,188 108,006 1,278,702 DPK

AGO 131,738 82,979 173,423 153,743 150,593 136,052 143,586 174,307 175,267 169,061 151,712 171,574 1,814,035 AGO

Fuel oil 237,813 116,761 215,018 254,858 264,715 251,879 218,320 267,355 227,527 249,211 226,597 288,832 2,818,886 Fuel oil

LRS-1 7,597 19,931 9,749 17,027 10,950 22,703 17,433 20,286 2,607 128,283 LRS-1

Petrochem. 164 1,038 1,202 Petrochem.

TOTAL 521,849 316,789 644,951 653,665 710,743 621,117 664,509 779,260 739,509 697,174 676,189 732,606 7,758,361 TOTAL

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

ASB 1999 – Page 65

0

1

2

3

1997 1998 1999

Mil

lio

n M

etr

ic T

on

s

AGO DPK Fuel oil LPG PMS

Finished Products from Domestic Refineries - 1999

ASB 1999 – Page 66

Table 26 Refinery Production Returns: January - December, 1999

(a) Crude Oil

('ooomt)

K R P C P H R C W R P C T O T A L

Crude Type Received Processed Received Processed Received Processed Received Processed

Arabian Light 43.42 85.39 43.42 85.39

Bonny Light 5,076.98 4,979.47 5,076.98 4,979.47

Escravos Light 1,197.87 1,267.76 2,604.76 2,657.93 3,802.63 3,925.7

Forcados Blend 16.96 24.83 16.96 24.83

Total 1,241.28 1,353.15 5,076.98 4,979.47 2,621.72 2,682.76 8,939.98 9,015.38

(b) Finished Products (Metric Tons)

K RP C P HR C W RP C T OT A L Products Actual Evacuation Actual Evacuation Actual Evacuation Actual Evacuation

Production by PPMC Production by PPMC Production by PPMC Production by PPMC

LPG 1,825 407 30,236 28,279 22,240 22,347 54,301 51,033

PMS 214,171 252,895 1,026,119 1,215,277 422,662 532,590 1,662,952 2,000,762

DPK 193,839 217,682 670,786 672,496 414,077 392,904 1,278,702 1,283,082

AGO 195,181 206,071 1,080,814 1,054,302 538,040 545,727 1,814,035 1,806,100 Fuel oil 165,286 153,932 1,675,255 1,702,037 978,345 221,875 2,818,886 2,077,844

LRS-1 128,283 129,929 128,283 129,929

Petrochem. 1,202 178 1,202 178

TOTAL 899,787 961,094 4,483,210 4,672,391 2,375,364 1,715,443 7,758,361 7,348,928

Source: Refinery Monthly Report

ASB 1999 – Page 67

Table 27 Refinery Fuel and Loss Statistics: For the months of January - December, 1999

Source: Refinery Monthly Report

K R P C P H R C W R P C TO TAL

Products Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of

(mt) Production (mt) Production (mt) Production (mt) Production

R/Fuel 198,688 14.68 220,250 4.42 165,442 6.17 584,380 6.48

Gas 25,419 1.88 66,118 1.33 21,996 0.82 113,533 1.26

LPG 26,619 1.97 18,032 0.36 775 0.03 45,426 0.50

LPFO 137,800 10.18 28,640 0.58 98,386 3.67 264,826 2.94

Coke Burnt 4,020 0.30 14,430 0.29 10,264 0.38 28,714 0.32

AGO 4,830 0.36 93,030 1.87 34,021 1.27 131,881 1.46

Gas/LPG Flared 9,658 0.71 23,708 0.48 16,784 0.63 50,150 0.56

Losses 11,315 0.84 50,252 1.01 16,011 0.60 77,578 0.86

R/Fuel & Loss 219,661 16.23 294,210 5.91 198,237 7.39 712,109 7.90

ASB 1999 – Page 68

Table 28 Domestic Consumption of Petroleum Product By States: January - December, 1999

('000Litres)

Products Abia Adamawa Akwa- Ibom Anambra Bauchi Bayelsa Benue Borno Cross- River Delta Ebonyi Edo Ekiti Enugu Gombe Imo Jigawa Kaduna Kano Katsina

LPG. 65 2 35 313 4 12 41 1 1,941 800 16 195 16 257 297 1,609 51

Aviation Gasoline 50 48 858 17 253 47 1,684 46 2,994 28,559 24,646

Super Gasoline 40,367 24,636 15,826 42,662 35,582 31,211 89,128 48,663 127,101 3,440 90,356 10,877 45,415 16,273 45,52

3 7,815 175,246 155,248 30,188

Household Kerosine 11,893 4,067 2,281 10,610 5,705 73 10,112 10,820 2,983 45,213 1,524 30,382 2,014 11,989 6,700 13,44

4 2,717 35,641 27,933 3,759

Auto. Gas Oil 10,810 7,930 36,944 8,807 11,846 288 14,265 29,888 12,554 77,848 665 47,814 1,021 19,067 6,096 9,315 2,276 67,486 66,864 9,206

HPFO

LPFO 688 335 3,751 8,962 1,185 1,740 355 2,384 1,523 1,151 5,836 1,089 3,573 11,130 369

Lubricating Oils 413 172 467 1,098 454 545 809 1,549 3,147 58 1,733 111 865 350 741 75 3,627 2,201 331

Greases 8.321 6.861 0.600 286 2.205 36.063 16.665 13 1,627 4 746 2 38.029 93 86 0.128 74 38 2

Pet. Jelly / Waxes 0.002 260 8 10 191 110 1,140

Bitumen & Asphalts 53 5 10 227 596 132 2,358 3,489 506 127 60 185 1,385 5,916 83

Base Oils

Additives 420 1,464

Brake Fluids 3 0.022 1.000 10 4 3 34 3 1084 510 1.043 6 8 653 2

Special Products 0.012 0.293 5.254 5 0.968 4.712 0.068 61.754 30.555 0.167 1.588 0.046 18.781 15

Gas Appliances 0.009 0.001 0.006 0.012 0.090 0.287 0.197 0.084 0.018 0.002 0.579 0.418

Chemicals 16094 0.687 29 346.444 1.422 21 2 74 30,259 20,807 9163 150 128 2,997 0.200

SRG

LSR-1

Waxy Raffinate

B-S Extract

IN-Raffinate

Waxy Distillate

MC-I-BM

Total 80,393 37,250 56,446 68,158 62,582 361 57,617 133,341 66,374 295,127 5,691 199,700 14,547 88,021 35,574 70,83

8 12,883 290,590 304,303 68,637

Source: Monthtly Returns from the Major Petroleum Products Marketing Companies and PPMC

Table 28 Contd.

ASB 1999 – Page 69

Domestic Consumption of Petroleum Product By States: January - December, 1999

('000Litres)

Products Kebbi Kogi Kwara Lagos Nasarawa Niger Ogun Ondo Osun Oyo Plateau Rivers Sokoto Taraba Yobe Zamfara Abuja Independent Marketers Liftings

Total Sold

LPG. 42 54 5,679 8 27 886 107 217 1,627 734 416 128 4 11 255 60,117 75,968

Aviation Gasoline 33 4 192,359 0.210 4 0.020 8,819 6,702 267,124

Super Gasoline 15,865 36,977 52,650 1,259,751 11,567 52,218 178,944 65,348 68,573 187,742 72,697 177,401 58,018 16,697 35,598 12,251 109,350 2,482,921 5,930,124

Household Kerosine 1,958 10,525 7,808 102,721 3,682 13,588 25,658 11,989 8,744 28,967 18,229 26,158 5,564 4,456 3,497 1,175 8,307 990,534 1,513,422

Auto. Gas Oil 2,676 13,160 10,837 382,102 5,317 6,430 40,600 12,919 10,582 49,287 23,275 102,196 14,380 4,167 12,026 3,434 32,236 810,589 1,977,203

HPFO 260 27 287

LPFO 129 1,772 165,346 66 6,718 308 2,359 3,058 442 934 10,136 204 98,058 333,600

Lubricating Oils 73 1,424 317 12,793 196 426 1,734 679 547 2,614 859 4,319 1,234 198 649 108 1,447 48,362

Greases 1.237 3.586 5.717 613 3 0.948 9.682 5.178 2 26.913 17 223 1.617 21 3.110 0.700 53 4,070

Pet. Jelly / Waxes 5,533 112 1.000 665 484 2 8,517

Bitumen & Asphalts 2,281 143 57,026 526 69 60 449 2,157 3,263 345 4,701 71 12 60 66 57,592 143,952

Base Oils 69 69

Additives 1,884

Brake Fluids 0.007 1,765 1.000 0.088 1.193 4 16 1.000 1.000 4,112

Special Products 0.209 8.233 0.555 23 2.731 1.742 0.472 1.992 7.721 7.036 1.044 0.630 199.539

Gas Appliances 0.151 0.131 3.073 0.216 0.136 0.016 0.110 0.072 0.717 0.022 0.037 6.384

Chemicals 0.024 0.0426 4.276 34,046 1.623 40.413 221.810 305.418 5.920 7,478 0.020 11 122,185

SRG 2.385 2.385

LSR-1 41,741 41,741

Waxy Raffinate 3,836 3,836

B-S Extract 73 73

IN-Raffinate 3,929 3,929

Waxy Distillate

MC-I-BM

Total 20,606 64,550 73,596 2,220,089 21,412 72,829 255,344 92,030 93,186 276,892 117,100 332,671 89,534 25,551 51,839 17,045 216,157 4,491,800 12,261,211

* : Liftings by Independent Marketers are not Indicated by states. Source: Monthtly Returns from the Major Petroleum Products Marketing Companies and PPMC

ASB 1999 – Page 70

Table 29

Petroleum Products Distribution By Marketing Company: January - December, 1999 ('000Litres)

Products African

Petroleum Agip Elf Mobil National Texaco Total Unipetrol

Major Marketers Sub-total

*Independent Marketers

Total Distribution

LPG. 814 4,073 560 325 6,307 3,772 15,851 60,117 75,968

Aviation Gasoline

Super Gasoline 572,634 275,307 117,801 652,845 403,567 385,072 606,911 433,066 3,447,203 2,482,921 5,930,124

Household Kerosine 81,955 56,149 31,214 64,405 61,324 67,254 98,625 61,963 522,888 990,534 1,513,422

Auto. Gas Oil 242,332 122,597 42,139 189,773 145,174 106,231 181,993 136,375 1,166,614 810,589 1,977,203

HPFO 287 287 287

LPFO 46,159 7,317 22,058 76,401 28,412 35,261 19,935 235,542 98,058 333,600

Lubricating Oils 6,701 4,713 609 10,269 4,722 4,820 13,989 2,539 48,362 48,362

Greases 32 290 9.138 652 993 2,094 4,070 4,070

Pet. Jelly / Waxes 2263.833 4,604 1,649 8,517 8,517

Bitumen & Asphalts 931 21,771 75,517 9,969 89 35,675 143,952 143,952

Base Oils 69 69 69

Additives 1,884 1,884 1,884

Brake Fluids 1.437 2,520 2 1,588 4,112 4,112

Special Products 109.538 0.001 90 199.539 199.539

Gas Appliances 6.312 0.072 6.384 6.38

Chemicals 1 2 12,228 58,938 51,016 122,185 122,185

SRG 2.385 2.385

LSR-1 41,741 41,741

Waxy Raffinate 3,836 3,836

B-S Extract 73 73

IN-Raffinate 3,929 3,929

Waxy Distillate

MC-I-BM 0.082 0.082

Total 990,360 493,598 191,775 1,127,099 769,168 634,983 1,030,213 751,668 5,988,865 4,491,800 10,480,665

Source: Monthly Returns from the Major Petroleum Products Marketing Companies and PPMC

ASB 1999 – Page 71

Table 30

1999 BUNKER SALES REPORT

AGO LPFO TOTAL

MONTH Quantity Value Quantity Value Quantity Value (mt) ('000$) (mt) ('000$) (mt) ('000$)

January 46,235 3,613.43 24,367 1,076.51 70,602 4,689.94 February 29,107 1,826.96 26,530 1,002.07 55,637 2,829.03 March 63,653 5,857.80 23,259 1,004.16 86,912 6,861.96 April 40,838 3,888.75 20,463 1,129.99 61,301 5,018.73 May 36,774 3,558.60 21,942 1,230.19 58,716 4,788.79 June 51,389 5,597.22 13,191 930.08 64,580 6,527.30 July 64,893 8,458.52 17,964 1,407.56 82,857 9,866.08 August 40,928 6,036.14 23,626 2,302.16 64,554 8,338.29 September 36,792 5,982.41 16,985 1,750.12 53,777 7,732.53 October 29,101 4,796.17 14,433 1,631.52 43,534 6,427.69 November 15,510 2,794.37 7,497 877.96 23,007 3,672.33 December 62,447 12,209.20 27,035 3,183.39 89,482 15,392.59

Total 517,667 64,619.55 237,292 17,525.70 754,959 82,145.25

Table 31

ASB 1999 – Page 72

Petroleum Products Exports (Metric tons)

MONTH LPFO HPFO NAPH VGO REFORMATE SLOP H. SLOP TOTAL

January

132,986

27,880

160,866

February

29,727

84,626

114,353

March

120,685

25,324

24,187

170,196

April

215,521

18,924

234,445

May

203,220

33,154

24,620

260,994

June

233,065

10,927

243,992

July

2,932

78,150

8,948

90,030

August

73,042

21,736

94,778

September

92,156

71,153

13,411

176,719

October

29,368

155,339

184,707

November

160,532

160,532

December

174,694

174,694

Total

357,403

1,499,793

127,969

24,620

24,187

18,924

13,411

2,066,305 Source: PPMC

ASB 1999 – Page 73

0

1

2

3

1997 1998 1999

Petroleum Products Exports (1997 -1999)

ASB 1999 – Page 74

Table 32

Petroleum Products Imports -1999 (Metric tons)

MONTH PMS DPK AGO LPG TOTAL

January

242,787.00

95,427.00

338,214.00

February

57,396.00

5,318.00

62,714.00

March

59,939.00

25,013.00

84,952.00

April

85,065.00

121,683.00

2,744.00

209,492.00

May

140,875.00

33,000.00

88,290.00

2,660.00

264,825.00

June

173,193.00

4,263.00

177,456.00

July

157,839.00

29,042.00

186,881.00

August

134,024.00

39,935.00

44,312.00

218,271.00

September

375,243.00

27,450.00

402,693.00

October

210,781.00

5,910.00

216,691.00

November

148,234.00

24,646.00

31,304.00

204,184.00

December 202,098.00

40,541.00

30,177.00

272,816.00

Total 1,987,474.00

171,482.00

465,248.00

14,985.00

2,639,189.00

ASB 1999 – Page 75

0

1

2

3

4

1997 1998 1999

Millio

n M

etr

ic T

on

s

Petroleum Products Imports (1997 -1999)

ASB 1999 – Page 76

Table 33

Annual Petroleum Products Sales in Nigeria (Metric tons)

Product 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

PMS 3,724.52 5,090.02 5,141.98 5,272.54 4,204.41 4,129.37 3,985.14 3,961.78 3,530.19 3,153.59 DPK 1,924.87 1,829.31 1,866.79 1,933.05 1,230.37 1,445.54 1,633.72 1,640.54 1,266.37 1,217.38 ATK 391.60 473.70 380.09 368.45 367.66 347.45 460.53 26.17 32.43 AGO 2,733.72 2,892.23 2,927.81 3,185.76 2,214.51 2,266.40 2,265.11 2,650.86 1,809.92 1,591.34 LPFO 1,996.70 1,979.24 2,184.40 1,572.01 1,125.61 1,416.57 640.14 1,327.68 626.41 484.07 LPFO (E) 422.39 - LPFO (SP) 64.49 - HPFO 506.55 431.19 441.59 516.82 409.52 29.96 1,216.68 1,149.17 954.13 326.22 FURFURAL 94.99 153.21 168.12 129.20 130.53 50.39 3.73 5.29 - BITUMEN 180.13 100.73 110.02 83.41 110.46 29.96 83.09 72.40 0.13 P-WAX 7.66 2.10 3.34 2.45 2.33 0.03 0.00 474.90 B.S EXT 0.11 1.57 1.84 TIN KERO 8.78 7.97 118.01 5.68 2.39 2.05 1.58 4.14 0.24 150N SLO 0.18 - BASE OIL 0.68 - WAXY RAF 0.13 0.58 1.49 WAXY DST 5.49 SRG 3.65 2.76 2.93 3.56 7.15 3.30 2.87 4.08 3.03 LPG 98.26 209.35 592.65 81.22 89.68 93.41 66.05 37.61 U.LPG 1.65 2.06 1.61 2.44 1.94 NAPHTHA 21.87 212.02 239.76 146.48 262.50 - LRS-1 7.21 17.94 43.62 192.06 VGO 94.39 47.82 23.75 23.19 113.31 SLOP 83.50 10.89 0.37 42.05 13.89 4.37 - H. SLOP 1.27 PROPANE 0.19 - REFORMATE - TOTAL 11,169.15 13,063.81 13,548.72 13,194.18 10,514.46 10,132.69 11,029.77 11,570.15 8,602.71 7,638.36

Source: PPMC

ASB 1999 – Page 77

8

10

12

14

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Annual Petroleum Products Sales in Nigeria

ASB 1999 – Page 78

Table 34

Petroleum Products Retail Price Trend Products Price/Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Liquefied Petroleum Gas (Cooking Gas) Naira/Tonne 800 2,000 2,000 2,000 4,000 4,000 4,000 4,000 35,100 26,050

Premium Motor Spirit (PMS - Petrol) Naira/Litre 0.60 0.70 0.70 3.25 11.00 11.00 11.00 11.00 11.00 20.00

Household Kerosine (HHK) 0.40 0.50 0.50 2.75 6.00 6.00 6.00 6.00 6.00 17.00

Aviation Turbine Kerosine (ATK) " 1.14 1.05 1.05 5.50 8.00 8.00 8.00 8.00 8.00 19.00

Automotive Gas Oil (AGO - Diesel) " 0.50 0.55 0.55 3.00 9.00 9.00 9.00 9.00 9.00 19.00

Fuel Oil " 0.40 0.55 0.61 2.50 7.00 7.00 7.00 7.00 7.00 12.40

Petroleum Wax Naira/MT 4,900 4,900 4,900 12,000 12,000 36,000 36,000 36,000 36,000 36,000

Bitumen 60/70 " 450 450 450 1,600 1,600 1,600 12,000 12,000 12,000 12,000

Bitumen 80/100 " 450 450 450 1,600 1,600 1,600 12,000 12,000 12,000 12,000

Bitumen MCO/MC1/S125 " 820 820 820 3,000 3,000 3,000 12,335 12,335 12,335 12,335

Base Oil 100/150N " 8,331 8,331 8,331 8,331 8,331 16,662 16,662 16,662 16,662 16,662

Base Oil 250N " 8,649.06 8,649.06 8,649.06 8,649.06 8,649.06 17,298.2 17,298.2 17,298.2 17,298.2 17,298

Base Oil 500N " 8,880.30 8,880.30 8,880.30 8,880.30 8,880.30 17,760.6 17,760.6 17,760.6 17,760.6 17,761

Bright Stock (BS) " 9,639 9,639 9,639 9,639 9,639 19,278 19,278 19,278 19,278 19,278

Note 1. From the 5th of March, 1991, these prices of ATK, Bitumen/Asphalt and the various brands of base oil changed from 1990 levels. 2. On November 8, 1993 prices of petroleum products were increased from their 1992 levels as follows: PMS N5.00 per litre HHK N4.50, AGO N4.75 and Fuel oil N4.00. These prices were adjusted downwards on November 18, 1993 to the prices on the Table. 3. On October 1, 1994 the prices per litre of some products were increased; PMS N15.00 HHK N12.00, AGO N14.00 and Fuel Oil N10.00. On October 4,1994, these prices were reduced to the figures on the Table. 4. On December 10, 1998 the prices of petroleum products were increased; PMS N25, HHK N23, ATK, AGO N23. 5. From January 6,1999, the prices of products were reduced from 1998 levels to the prices on the table. Source: PPMC

ASB 1999 – Page 79

AGO Automotive Gas Oil API American Petroleum Institute ATK Aviation Turbine Kerosene AENR Agip Energy and Natural Resources b/d Barrels/Day Bscf Billion Standard Cubic Feet C3 Propane C4 Butane CO Company DPK Dual Purpose Kerosene EPCL Eleme Petrochemical Company Limited HHK House Hold Kerosene HPFO High Pour Fuel Oil JVC Joint Venture Company KRPC Kaduna Refining and Petrochemical Company LPFO Low Pour Fuel Oil LRS Long Residues LPG Liquefied Petroleum Gas Ltd Limited M3 Cubic Metres Mbbls Million Barrels mmscf Million standard Cubic Feet N/A Not Available NAFCON National Fertilizer Company of Nigeria PPU Power Plant Unit

NAOC Nigerian 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 (A Subsidiary Of NNPC) Oml Oil Mining Lease Opl Oil Prospecting Lincence Petrochem. Petrochemical Products Pet. Jelly Petroleum Jelly PHRC Port Harcourt Refining Company PMS Premium Motor Spirit PPMC Pipelines and Products Marketing Company Limited PSC Production Sharing Contract PZ Paterson Zochonis QTY Quantity nR/Fuel Refinery Fuel W/O Work Over WRPC Warri Refining and Petrochemical Company (‘000bbls) Thousand Barrels (‘000mt) Thousand Metric Tons MD Measured Depth TVD True Vertical Depth SCF Standard Cubic Feet HOG High Octane Gasoline BTU British Thermal Unit

GLOSSARY OF TERMS

ASB 1999 – Page 80

JVC AGIP SPDC CHEVRON EXXON / MOBIL ELF TEXACO OTHERS:

PSC OPERATED BY JVCs NAE SNEPCO CHEVRON DEEPWATER ESSO ELF PSC TEXACO DEEPWATER CONOCO STAT OIL PETROBRAS ADDAX