This is contained in the May 2021 edition of the NNPC
Monthly Financial and Operations Report (MFOR), according to a press release by
the Group General Manager, Group Public Affairs Division of the Corporation,
Mr. Garba Deen Muhammad.
According to the report, crude oil export sales contributed
$181.19m (82.45%) of the dollar transactions compared with $4.22 million
contribution in the previous month, while the export gas sales component stood
at $38.56million in May 2021.
The report also showed that between May 2020 and May 2021,
the Corporation exported crude oil and gas worth $1.64billion.
In the gas sector, the report showed that natural gas
production in the month under review increased by 6.19% at 222.23billion cubic
feet (bcf) compared with output in the previous month, translating to an
average production of 7,177.53million standard cubic feet (mmscf) of gas per
day.
For the period May 2020 to May 2021, a total of 2,898.34bcf
of gas was produced representing an average daily production of 7,322.94mmscf
during the period.
Period-to-date production from Joint Ventures (JVs),
Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company
(NPDC) contributed about 60.94%, 20.04% and 18.99% respectively.
Out of the 216.29bcf of gas produced in May 2021, a total of
133.56bcf was commercialized, consisting of 44.02bcf and 89.54bcf for the
domestic and export markets respectively.