Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Monthly Report
August 2015
Outline
1.0
Introduction
2.0
National Crude Oil & Natural Gas Production, Lifting and Utilization
3.0
Plants Operations
4.0
5.0
6.0
7.0
1 Introduction
This publication of Nigerian National Petroleum Corporation (NNPC) monthly operational
report is one of the initiatives of the Corporation in its ongoing restructuring efforts to
ensure probity, transparency and accountability in the conduct of its business. The Report is
being published as part of NNPCs management commitment to keep our shareholders, and
the general public informed about our activities.
The report provide the general public with reliable information, giving an overview of
NNPCs operations across the oil and gas value chain (Upstream, Midstream & Downstream)
as well as NNPCs agency function on behalf of Government of the Federation.
National Crude Oil & Natural Gas Production, Lifting and Utilization
2.1 National Crude Oil & Condensate Production
A total of 67.49 million barrels of crude oil and condensate was produced for the month of
July 2015 translating to an average daily production of 2.177 million barrels. A total of 445
million barrels was produced from January to July 2015 representing an average daily
production of 2.099 million barrels for the same period. Production from Joint Ventures (JVs)
and Production sharing contracts (PSC) contributed about 31.5% and 42% respectively to
the total production. The tables and charts below provide details of the national Crude Oil &
Condensate Production for the period January to July 2015.
Table 2.1: National Crude Oil & Condensate Production
Month
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Total
JVs
Barrels
22,221,832
19,631,486
18,780,222
19,568,055
19,579,478
18,334,670
21,940,240
140,055,983
PSC
Barrels
28,141,885
25,112,636
26,845,229
26,008,972
27,197,671
25,593,567
27,858,467
186,758,427
Af/MCA
Barrels
11,055,401
9,800,902
9,614,364
10,799,392
11,166,850
9,704,798
9,850,062
71,991,769
NPDC
Barrels
2,923,580
4,003,182
4,511,165
1,889,398
2,573,919
2,667,540
4,448,460
23,017,244
Independent /
Marginal
Fields
Barrels
3,723,813
3,312,717
4,405,169
2,575,459
2,971,181
2,786,281
3,402,327
23,176,947
Total
Barrels
68,066,511
61,860,923
64,156,149
60,841,276
63,489,099
59,086,856
67,499,556
445,000,370
Average Daily
Production
Barrels
2,195,694
2,209,319
2,069,553
2,028,043
2,048,035
1,969,562
2,177,405
2,099,659
Figures above are the gross national production including equity interest of international oil
companies and other independent producers.
AF-Alternative financing; MCA-Modified Carry Agreement
Millions Barrels
68.1
70
60
40
9.8
67.5
63.5
9.6
10.8
11.2
25.1
26.8
26.0
27.2
25.6
22.2
19.6
18.8
19.6
19.6
18.3
21.9
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
28.1
30
64.2
60.8
11.1
50
61.9
59.1
9.9
9.7
27.9
20
10
0
JVs
PSC
Af/MCA
NPDC
Millions Barrels
Chart 2.2: Average Daily Crude Oil & Condensate Production & Percentage distribution
Percentage Distribution of Crude Oil
Production by Commercial Arrangements
3.0
2.5
2.20
2.21
2.07
2.03
2.05
2.0
1.97
2.18
31.5%
16.2%
1.5
JVs
5%5%
PSC
Af/MCA
1.0
NPDC
0.5
42.0%
0.0
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15
Independent /
Marginal Fields
JV
BCF
179
146
157
168
175
164
178
1,168
PSC
BCF
58
52
53
54
54
53
55
379
NPDC
BCF
18
17
21
17
16
19
23
131
TOTAL
BCF
255
215
231
239
245
236
255
1,677
PERIOD
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Average
JV
PSC
NPDC
mmscfd mmscfd mmscfd
5,775
1,869
570
5,222
1,857
613
5,080
1,724
663
5,599
1,811
558
5,648
1,729
531
5,477
1,766
635
5,729
1,765
739
5,504
1,788
616
TOTAL
mmscfd
8,214
7,692
7,466
7,968
7,908
7,878
8,233
7,908
8,214
7,968
7,908
7,878
8,233
558
531
635
739
1,811
1,729
1,766
1,765
5,080
5,599
5,648
5,477
5,729
Mar-15
Apr-15
May-15
Jun-15
Jul-15
7,692
7,466
613
663
1,857
1,724
5,775
5,222
Jan-15
Feb-15
570
1,869
4,000
2,000
0
JV
PSC
NPDC
255
250
215
231
255
7.8%
JV
200
22.6%
150
PSC
100
69.6%
50
0
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
Jul-15
NPDC
FIRS (PSC)
Barrels
6,599,431
4,995,452
2,295,064
4,754,914
4,862,603
3,268,292
7,809,563
34,585,319
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
TOTAL
DPR (PSC)
Barrels
410,000
260,000
1,296,138
51,400
1,447,689
550,300
0
4,015,527
EXPORT
Barrels
6,647,330
6,539,228
6,071,583
5,119,906
3,940,965
5,022,429
1,918,716
35,260,157
DOMESTIC
Barrels
13,564,197
14,608,257
14,062,453
11,173,963
12,287,020
11,193,080
15,493,685
92,382,655
SUB-TOTAL
(NNPC)
Barrels
20,211,527
21,147,485
20,134,036
16,293,869
16,227,985
16,215,509
17,412,401
127,642,812
IOCs &
SUB-TOTAL INDEPENDENTS
AF
GOVERNMENT
(INC. NPDC)
(MCA/RDP)
Barrels
Barrels
Barrels
27,220,958
38,250,075
1,291,873
26,402,937
36,991,819
1,054,215
23,725,238
35,552,081
1,210,000
21,100,183
40,410,853
2,297,199
22,538,277
36,123,485
2,388,624
20,034,101
37,004,226
1,775,030
25,221,964
37,243,405
1,263,140
166,243,658
261,575,944
11,280,081
GRAND TOTAL
Barrels
66,762,906
64,448,971
60,487,319
63,808,235
61,050,386
58,813,357
63,728,509
439,099,683
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
TOTAL
FIRS (PSC)
USD
DPR (PSC)
USD
310,266,556
292,117,092
126,351,941
285,992,512
306,629,363
201,845,553
443,053,618
1,966,256,635
19,539,530
15,672,480
69,709,608
2,942,441
88,010,118
33,793,993
0
229,668,170
IOCs &
INDEPENDENTS
(INC. NPDC)
USD
AF (MCA/RDP)
USD
GRAND TOTAL
USD
323,425,507
643,398,273
966,823,780
1,296,629,866
1,861,055,489
361,897,548
824,796,241
1,186,693,789 1,494,483,361
2,047,221,568
340,227,160
761,340,884
1,101,568,044 1,297,629,593
1,992,196,044
306,598,470
659,356,404
965,954,873
1,254,889,826
2,419,947,884
259,160,157
777,315,998
1,036,476,155 1,431,115,636
2,375,501,442
307,749,640
676,152,346
983,901,986
1,219,541,532
2,267,436,179
108,916,802
805,220,071
914,136,873
1,357,190,491
2,114,139,131
2,007,975,285 5,147,580,217 7,155,555,501 9,351,480,306 15,077,497,737
61,313,050
62,951,971
67,563,676
144,145,396
157,165,605
109,159,403
73,988,173
676,287,274
3,218,998,405
3,604,656,901
3,357,389,313
3,818,983,106
3,963,782,684
3,596,137,115
3,545,317,795
25,105,265,317
EXPORT
USD
DOMESTIC
USD
SUB-TOTAL
(NNPC)
USD
SUB-TOTAL
GOVERNMENT
USD
IOCs, Independents, & AF values include government taxes and royalties superintended by FIRS and DPR respectively.
Million Barrels
80
66.76
70
64.45
63.81
61.05
58.81
35.55
40.41
36.12
37.00
60.49
60
50
38.25
40
36.99
63.73
37.24
30
20
10
6.60
5.00
2.30
4.75
4.86
3.27
20.21
21.15
20.13
16.29
16.23
16.22
17.41
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
7.81
0
SUB-TOTAL (NNPC)
FIRS (PSC)
DPR (PSC)
AF (MCA/RDP)
Chart 2.3.2 Government Crude Oil Lifting and utilization on Account of NNPC
Million Barrels
20.2
21.1
20
15
6.6
6.5
DOMESTIC
20.1
6.1
EXPORT
16.3
16.2
16.2
5.1
3.9
5.0
11.2
12.3
11.2
Apr-15
May-15
Jun-15
17.4
1.9
10
5
13.6
14.6
14.1
Jan-15
Feb-15
Mar-15
15.5
0
Jul-15
Volume
Barrels
13,564,207
14,608,257
14,062,453
11,173,963
12,287,020
11,193,080
15,493,685
92,382,665
Average Price
$/bbl
47.43
56.46
54.14
59.01
63.26
60.41
51.97
56.10
Sales Value
USD
643,398,273
824,796,241
761,340,884
659,356,404
777,315,998
676,152,346
805,220,071
5,147,580,217
Sales Value
NGN
107,447,511,536
161,316,709,514
149,222,813,261
129,233,855,135
152,353,935,610
132,525,859,854
157,782,872,917
989,883,557,826
Average Lifting
Barrels per day
437,555
521,723
453,628
372,465
396,355
373,103
499,796
436,375
Table 2.3.1.2 Breakdown of NNPC Utilization of Crude oil for Domestic Product Supply
UTILIZATION OF CRUDE OIL PURCHASED BY NNPC FOR THE YEAR 2015
EXPORT
Month
Qty
('000
Bbls)
DELIVERIES TO
REFINERIES
Value
Qty
in
('000
US$'M Naira'Mn
Bbls)
n
-
OFFSHORE PROCESSING
Qty
('000
Bbls)
Value in
Naira'Mn
US$'Mn
Value
in
US$'Mn
Naira'Mn
TOTAL
Qty
('000
Bbls)
Value
in
US$'Mn
Naira'Mn
13,564
643
107,448
4,276
14,608
825
161,317
January
6,994
331
55,262
6,571
312
52,186
February
6,409
356
70,134
7,934
441
86,907
265
March
5,389
294
57,592
8,673
468
91,631
14,062
761
149,223
April
5,220
306
59,975
5,954
353
69,259
11,174
659
129,234
May
3,735
239
46,907
8,552
538
105,447
12,287
777
152,354
June
2,761
167
32,636
7,483
452
88,558
949
58
11,331
11,193
676
132,526
July
3,416
190
37,145
8,732
441
86,448
3,346
174
34,190
15,494
805
157,783
33,924
1,882
359,651
53,899
3,006
580,435
4,560
260
49,797
92,383
5,148
989,884
Grand
Total
28
Chart 2.3.1.1: NNPC Crude Oil Utilization For Domestic Product Supply
Million Barrels
13.6
12
10
7.0
14.6
0.3
6.4
15.5
14.1
12.3
11.2
5.4
3.3
3.7
0.9
2.8
3.4
8.6
7.5
8.7
May-15
Jun-15
5.2
11.2
6
4
2
6.6
7.9
8.7
Feb-15
Mar-15
6.0
0
Jan-15
OPA
Apr-15
DIRECT EXPORT
REFINERY(IES)
Jul-15
Chart 2.3.1.2: Percentage Distribution for July 2015 Domestic Crude Utilization
July 2015 Crude Utilization For
Domestic Product Consumption
4.9%
22%
22%
36.7%
Export
56%
58.3%
Refinery
OPA
OPA
Refineries
Export
Period
20.8
18.1
20.8
18.2
16.5
20.4
24.4
139
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Total
Total
Domestic Gas Domestic Gas
to Industry
Supply
BCF
BCF
9.5
9.3
11.2
10.1
9.9
10.0
11.0
71
Non-Commercialized Gas
Export Gas
30.3
27.4
32.0
28.3
26.4
30.4
35.4
210
WAPG
BCF
EGTL
BCF
NGL/
LPG
BCF
1.6
1.4
1.9
1.7
1.8
1.3
2.1
12
4.7
3.4
4.9
5.4
6.4
4.1
4.0
33
8.3
6.1
5.6
7.4
7.6
7.8
7.3
50
NLNG
BCF
97.8
76.4
86.2
89.6
93.0
89.6
96.8
629
ReInjection
BCF
Fuel Gas
BCF
Flare
BCF
Total NonCommerial
Gas
BCF
112.5
87.2
98.6
104.1
108.8
102.7
110.1
724
69.1
59.8
57.6
67.6
74.6
70.3
76.3
475
12.2
11.5
11.6
13.5
13.5
12.3
12.4
87
26.7
26.2
28.5
22.7
19.1
18.7
18.8
161
108.0
97.5
97.7
103.7
107.2
101.3
107.5
723
Domestic
Gas To
Power
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Average
Gas Commercialisation
Domestic Gas
Non-Commercialized Gas
Export Gas
Domestic Gas
to Industry
Total Gas To
Domestic
WAPG
EGTL
NGL/LPG
mmscfd
mmscfd
mmscfd
mmscfd
mmscfd
mmscfd
672
646
672
605
533
679
786
656
306
333
362
337
320
333
355
335
978
978
1,033
942
853
1,012
1,141
991
53
51
60
57
61
45
68
56
151
120
159
180
207
136
129
154
269
216
182
247
245
259
234
236
NLNG
Total Gas To
Export
ReInjection
Fuel Gas
Flare
Total NonCommerial
Gas
mmscfd
mmscfd
mmscfd
mmscfd
mmscfd
mmscfd
3,156
2,728
2,780
2,986
3,000
2,985
3,122
2,965
3,629
3,114
3,182
3,470
3,509
3,424
3,552
3,412
2,230
2,135
1,858
2,252
2,407
2,345
2,462
2,241
394
410
375
451
436
411
399
411
861
936
919
755
615
622
607
759
3,485
3,481
3,151
3,458
3,458
3,378
3,468
3,411
12.7%
43.7%
Total Gas
To
Domestic
Total Gas
To Export
43.7%
14.0%
42.5%
Total Noncommercia
lised Gas
Total Gas
To
Domestic
Total Gas
To Export
43.5%
Total Noncommercia
lised Gas
3 Plants Operations
3.1 Capacity Utilization
3.1.1 Refineries Operations
Total Crude processed by the three Refineries, for the month of August was 3,322,510 bbls
(453,152 MT) which translates to a combined average capacity utilization of 10.04 %.
During the period under review, the three Refineries produced 219,538million MT of
Petroleum Products out of 453,152 MT (3,322,510 bbls) of crude processed. The Capacity
utilization of the refineries during the period was as follows:
Table 3.1: Refineries Capacity Utlisation
WRPC
Jul
Aug
Operational Parameter
Crude Processed (M/tons)
Crude Loss/Consumed (M/tons)
Product Yields(M/tons)
PHRC
KRPC
Jul
Aug
Jul
Aug
YTD
2015
122,118
140,778
122,141
263,537
12,058
48,837
919,889
6,997
10,726
6,119
10,069
3,232
19,341
79,658
115,121
130,052
116,022
253,468
8,826
29,496
840,231
Capacity Utilization
23.11%
26.64%
13.76%
29.68%
2.59%
10.50%
10.04%
528,505
528,505
887,889
887,889
887,889
887,889
14,247,818
% Loss/Consumption
5.73%
7.62%
5.01%
3.82%
26.80%
39.60%
8.66%
94.27%
92.38%
94.99%
96.18%
73.20%
60.40%
91.34%
40%
30%
23.1%
29.7%
26.6%
20%
13.8%
10%
10.5%
2.6%
0%
WRPC
PHRC
July
August
KRPC
Jan-15
NGN
Million
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
NGN
Million
NGN Million
NGN
Million
NGN
Million
NGN Million
WRPC
Revenue
18,368
12
26
12
14
19
13,218
12,836
(12,080)
(11,464)
(11,709)
Opex
(1,620)
(1,401)
(1,364)
(1,766)
(1,302)
(1,551)
(1,675)
(2,322)
Operating Profit/Loss
4,668
(1,390)
(1,338)
(1,753)
(1,288)
(1,532)
79
(1,195)
378
397
982
179
58
445
212
2,649
(2,252)
(1,206)
(3,340)
Opex
(3,238)
(3,071)
(3,242)
(3,223)
(2,653)
(3,107)
(2,853)
(3,300)
Operating Profit/Loss
(5,111)
(2,673)
(2,260)
(3,045)
(2,595)
(2,662)
(3,847)
(3,990)
432
27
2,480
455
27
37
13,662
29,708
(11,347)
(22,757)
Opex
(1,929)
(1,733)
(1,775)
(1,892)
(1,740)
(1,742)
(1,758)
(1,905)
(1,497)
(1,705)
705
(1,437)
(1,713)
(1,705)
557
5,045
Revenue
19,178
436
3,487
647
99
501
27,091
45,194
(14,331)
(24,017)
(37,806)
Opex
(6,787)
(6,205)
(6,381)
(6,881)
(5,695)
(6,401)
(6,286)
(7,527)
Operating Profit/Loss
(1,940)
(5,768)
(2,894)
(6,235)
(5,596)
(5,899)
(3,211)
(139)
(1,940)
(5,768)
(2,894)
(6,235)
(5,596)
(5,899)
(3,211)
(139)
KRPC
Revenue
PHRC
Revenue
Crude + Frieght (COGS)
Consolidated
The combined factors of Low Crude Supply due to vandalized pipelines, Plant preservation cost to
maintain plant integrity, Rehab/TAM work are key factors responsible for deficit months prior to August
2015
11
In August 2015, 701 million litres of white products was supplied into country through the
OPA arrangements compared with a volume of 810 million litres achieved in the prior month
of July 2015. There was however no DPK receipts in August compared with 36.9 million litres
imported in the prior month of July. The tables and charts below provide more details of the
total petroleum product supply from OPAs.
Table 4.1.1: Imported Petroleum Products from OPA in litres 2015
Period
PMS (Litres)
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
TOTAL
518,772,436
472,805,827
928,342,422
575,901,484
700,039,658
295,642,465
773,679,148
701,294,114
4,966,477,554
DPK (Litres)
328,471,904
84,308,867
84,985,825
171,709,078
349,630,514
67,562,200
36,968,789
0
1,123,637,178
TOTAL
847,244,339
557,114,694
1,013,328,247
747,610,563
1,049,670,172
363,204,665
810,647,937
701,294,114
6,090,114,732
There was no DPK supply in August 2015 compared to July 2015 supply of 36.9 million litres.
Chart 4.1: Petroleum Products Supply from Offshore Processing Arrangement
Millions Litres
85
847
800
600
328
557
84
400
200
1,050
1,013
519
748
811
350
37
701
774
701
Jul-15
Aug-15
172
363
928
576
473
700
68
296
0
Jan-15
Feb-15
Mar-15
Apr-15
PMS (Litres)
12
May-15
DPK (Litres)
Jun-15
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Total
DPK (Litres)
Litres
63,937,104
0
0
0
0
0
29,859,984
83,780,928
177,578,016
Total (PMS+DPK)
Litres
244,447,773
60,764,733
55,103,031
58,084,074
28,980,351
57,822,579
83,254,581
200,245,437
788,702,559
Table 4.2.1 Total Petroleum White Product Supply from NNPC (OPA+ Refineries)
Total Product Supply (OPA+Refineries)
Period
PMS
Litres
699,283,105
533,570,560
983,445,453
633,985,558
729,020,009
353,465,044
827,073,745
817,758,623
5,577,602,097
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Total
DPK
Litres
392,409,008
84,308,867
84,985,825
171,709,078
349,630,514
67,562,200
66,828,773
83,780,928
1,301,215,194
Total
Litres
1,091,692,112
617,879,427
1,068,431,278
805,694,637
1,078,650,523
421,027,244
893,902,518
901,539,551
6,878,817,291
PMS
Litres/Day
22,557,520
19,056,091
31,724,047
21,132,852
23,516,774
11,782,168
26,679,798
26,379,310
22,853,570
DPK
Litres/Day
12,658,355
3,011,031
2,741,478
5,723,636
11,278,404
2,252,073
2,155,767
2,702,611
5,315,419
Millions Litres
Chart 4.2.1 Total Petroleum White Product Supply From NNPC (OPA+ Refineries)
1,500
1,092
1,000
500
392
699
1,068
85
618
84
1,079
806
350
172
983
534
634
729
0
Jan-15
13
Feb-15
Mar-15
Apr-15
PMS (Litres)
421
68
353
May-15
Jun-15
DPK (Litres)
894
67
902
84
827
818
Jul-15
Aug-15
Millions Litres
Table 4.2.2 Daily Average Petroleum Product Supply From NNPC (OPA+ Refineries)
40
30
27
22
5.7
3.0
20
22.6
29
29
2.2
2.7
26.7
26.4
Jul-15
Aug-15
14
31.7
10
11.3
21.1
19.1
2.3
23.5
11.8
0
Jan-15
Feb-15
Mar-15
Apr-15
PMS (Litres)
May-15
Jun-15
DPK (Litres)
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Total
14
PMS
Litres
512,396,097
499,945,695
795,149,204
582,586,368
566,290,963
582,416,290
570,023,134
516,699,923
4,625,507,674
Litres
DPK
Litres
Total White
Products
Litres
20,966,547
19,004,650
31,644,056
17,227,372
13,988,465
11,601,322
3,292,716
6,562,586
124,287,714
303,183,934
93,309,212
124,187,347
191,077,678
271,031,091
42,022,793
40,506,046
83,581,196
1,148,899,297
836,546,578
612,259,557
950,980,607
790,891,418
851,310,519
636,040,405
613,821,896
606,843,705
5,898,694,685
AGO
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Total
PMS
Liters/Day
16,528,906
17,855,203
25,649,974
19,419,546
18,267,450
19,413,876
18,387,843
16,667,739
19,023,817
Liters/Day
DPK
Liters/Day
Total White
Products
Liters/Day
676,340
678,738
1,020,776
574,246
451,241
386,711
106,217
211,696
513,245
9,780,127
3,332,472
4,006,043
6,369,256
8,742,938
1,400,760
1,306,647
2,696,168
4,704,301
26,985,373
21,866,413
30,676,794
26,363,047
27,461,630
21,201,347
19,800,706
19,575,603
24,241,364
AGO
Millions Liters
951.0
836.5
612.3
303
851.3
636.0
613.8
42
41
566
582
570
May-15
Jun-15
Jul-15
191
271
583
Apr-15
93
795
400
200
124
790.9
512
500
Jan-15
Feb-15
0
Mar-15
PMS
DPK
AGO
Chart 4.3.2 Average Daily White Products Distribution sales by NNPC PPMC
35
30
27.0
25
20
10
15
10
5
26
17
18
Jan-15
Feb-15
19.8
1
19
18
19
18
Apr-15
DPK AGO
May-15
Jun-15
Jul-15
15
Mar-15
PMS
A total value of 44.2 billion naira was collected as sales revenue for white products sold by
PPMC in the month of August 2015 compared with 46.3 billion naira collected in the prior
month of July 2015. Total sales revenues for white products sold for the period January to
August stands at 422 billion naira where PMS contributed over 85% of the revenues
collected with a value of 360 billion naira. Table and chart below provide details accordingly.
Table 4.3.3 Sales Revenue for Petroleum Product White Product Distribution
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Total
PMS
Naira
Naira
DPK
Naira
41,039,382,833
38,731,828,782
61,718,451,733
45,243,657,319
43,937,131,621
45,230,449,083
44,235,234,795
40,075,798,540
360,211,934,706
2,892,544,824
2,211,571,121
3,686,952,718
1,974,058,858
1,612,590,245
1,441,464,259
395,718,609
741,703,470
14,956,604,104
12,400,222,901
3,816,346,771
5,079,262,492
7,815,077,030
11,085,171,622
2,084,424,706
1,656,697,281
3,418,470,916
47,355,673,720
56,332,150,558
44,759,746,673
70,484,666,943
55,032,793,208
56,634,893,488
48,756,338,048
46,287,650,685
44,235,972,926
422,524,212,529
AGO
Chart 4.3.3 Monthly Sales Revenue for Petroleum Product White Product Distribution
Billions Naira
70.5
4
56.3
3
12
55.0
56.6
48.8
11
46.3
1
2
0
2
45
44
45
44
Apr-15
May-15
Jun-15
Jul-15
44.8
62
41
39
Jan-15
Feb-15
Mar-15
PMS
DPK
AGO
16
Table 4.4.1 Domestic Gas Supply to the Power Sector & Generation
Period
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Average
Chart 4.4.1 Domestic Gas Supply to the Power Sector & Generation
Gas Supply to Power plants & Generation
800
3,489 MW
2,846 MW
2,781 MW
2,885 MW
3,500 MW
3,002 MW
2,675 MW
3,000 MW
2,219 MW
600
4,000 MW
Power Generation
1,000
2,500 MW
2,000 MW
400
672
672
646
605
200
533
679
786
1,500 MW
1,000 MW
500 MW
0 MW
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
17
Operating deficits of N51.71billion and N60.67 for July and August 2015 respectively was
attained as against monthly budgeted surplus of N38.91billion. The table and charts below
provides details.
Table 5.1: Group Financial Performance
SBU/CSU
NPDC
54,969
IDSL
1,970
1,279
604
8,574
NETCO
NGC
17,308 37,660
439,748
138,466 301,282
174,129 * 123,134
34,431
19,311
15,120
50,995
692
1,562
792
771
302
691
389
15,764
10,228
5,536
8,923
5,988
2,934
460
143
386
921
1,307
582
546
36
4,831
3,683
1,148
5,880
5,336
544
5,158
3,416
11,586
8,715
2,870
13,621
9,258
4,362
68,594
41,266
27,328
89,134
69,896
19,239
27,111
278,066 204,354
73,712
Sub-Total
66,117
KRPC
22,142
22,478
336
2,696
2,690
2,388
2,386
177,132
179,821
2,689
56
21,246
21,190
PHRC
35,345
36,296
952
34
2,048
2,014
15
2,024
2,009
282,758
290,371
7,613
371
15,474
15,103
WRPC
41,469
37,673
3,796
1,675
1,670
24
2,204
2,180
331,750
301,385
30,365
108
12,732
12,624
Sub-Total
98,955
96,447
2,508
46
6,420
6,374
41
6,616
535
49,453
48,917
2,878
1,787
1,091
1,451
970
481
1,730
1,150
12,023
8,344
3,679
125,389 11,348
99,486
147,434
RETAIL
PPMC before
Subsidy
Sub-Total
136,737
CHQ
1,187
CSU
143
Sub-Total
Grand Total
1,330
16,525 15,338
580
23,025
14,297
8,728
90,784
243
16,584
16,341
233
6,234
6,001
9,499
2,609
1,607
1,600
1,023
1,017
1,143
19,277 17,947
250
18,191
17,940
239
7,256
7,017
2,752
132,202 122,703
22,014
20,871
1,312
116,019
114,707
166
13,586
13,420
51,714 146,617 207,287 60,669 2,448,144 2,136,849 311,295 1,171,386 1,549,877 ** 378,491
18
Billion Naira
200
153.5
157.3
163.2
150
141.3
148.8
149.2
146.6
Jun-15
Jul-15
Aug-15
111.4
100
50
0
Jan-15
NPDC
IDSL
Feb-15
NETCO
Mar-15
NGC
Apr-15
RETAIL
May-15
Refineries
CHQ/CSU
Billion Naira
250
200
200.9
200.8
Feb-15
Mar-15
187.9
193.8
200.9
200.9
207.3
Apr-15
May-15
Jun-15
Jul-15
Aug-15
157.5
150
100
50
0
Jan-15
NPDC
IDSL
NETCO
NGC
RETAIL
Refineries
19
CHQ/CSU
20
21
by the Corporation. A total of $607.8 million has been paid so far to FAAC in the year 2015
from sales of export Oil and Gas. Table & Chart 6.3.1 provides the details of the dollar
payments due, receipt of proceeds and allocation of proceeds.
Table 6.3.1 NNPC/FGN Export Crude Oil & Gas Dollar Accruals, Receipts & Payments
Export Sales Proceed Value Due
Receipt/ Export Crude
Lifting Payment Oil Sales
Month Month Proceed due
Units
USD
Dec-14 Jan-15
212,838,844
Jan-15 Feb-15
323,425,507
Feb-15 Mar-15
361,897,548
Mar-15 Apr-15
340,227,160
Apr-15 May-15
306,598,470
May-15 Jun-15
259,160,157
Jun-15 Jul-15
307,749,640
Jul-15 Aug-15
108,916,802
Total
2,220,814,129
Allocation of Proceeds
Crude Oil
Proceed
Reciepts
Gas Proceed
Reciepts
(NLNG,EGTL,NG
Ls,NGAS)
**Other
Reciepts
Total Sales
Proceed
Reciepts
JV Cash Call
Funding
Balance
Remitance to
FAAC
USD
USD
USD
USD
USD
USD
USD
USD
173,184,756
386,023,600
206,629,106
169,728,467
284,105
376,641,677
300,000,000 76,641,677
151,597,792
475,023,299
307,360,109
163,060,514
196,582,834
667,003,457
320,796,841 346,206,616
113,344,504
475,242,053
400,294,202
105,295,932
185,061
505,775,195
320,796,841 184,978,354
123,190,134
463,417,295
335,023,929
167,104,408
257,969
502,386,306
502,386,306
110,115,836
416,714,305
240,269,115
96,422,239
1,411,600
338,102,954
338,102,954
101,347,202
360,507,359
299,413,261
85,599,747
2,912,709
387,925,718
387,925,718
126,633,631
434,383,271
320,122,055
99,230,169
58,921
419,411,144
419,411,144
108,916,802
108,916,734
99,965,193
16,860,637
225,742,564
225,742,564
Chart 6.3.1 Monthly dollar receipts from NNPC/Federation Oil & Gas Exports
Million Dollars
667.00
700
600
500
400
300
505.78
376.64
163.06
167.10
169.73
200
100
105.30
502.39
206.63
338.10
96.42
307.36
400.29
335.02
240.27
387.93
85.60
299.41
419.41
99.23
225.74
320.12
108.92
Jan-15
99.97
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
**Other Reciepts
September, 2014, when the receipt was at its peak, to July, 2015 with dire consequences to
the Federation. This continued decline in oil price led to insufficient cash available to meet
monthly JV Cash Calls obligations of about $615.8m as appropriated by the National
Assembly. To mitigate this effect, NNPC was compelled to sweep all the export receipt to JV
Cash Call funding implying a zero remittance to Federation Account since the month of April
2015 indicated in the chart 6.3.2.1 below:
Chart 6.3.2.1 Allocation of Dollar proceed from NNPC/FGN export oil and Gas: JV Cash Call
Million Dollars
Monthly Allocation of Dollar Proceeds from NNPC/Federation Oil & Gas Exports
800
700
600
500
400
300
200
100
-
667.00
505.78
376.64
502.39
346.21
338.10
184.98
387.93
419.41
76.64
225.74
502.39
300.00
320.80
320.80
Jan-15
Feb-15
Mar-15
Apr-15
338.10
387.93
May-15
Jun-15
419.41
225.74
Jul-15
Aug-15
Chart 6.3.2.1 NNPC Federation Lifted Volumes vs. Crude Oil Prices
35
30
25
20
15
10
5
0
47.84
56.12
54.71
59.28
63.87
60.68
80
52.50
60
40
20.21
21.15
20.13
Jan-15
Feb-15
Mar-15
16.29
16.23
16.22
17.41
Apr-15
May-15
Jun-15
Jul-15
$/bbl
Millions Barrels
20
0
Crude Price
The sum of N723.82billion for Domestic Crude Oil and Gas Sales proceeds has been paid to
the Federation Account from January to August 2015. The tables below show the Naira
proceed from the Sale of Domestic Crude Oil and Gas and the corresponding naira
remittances to Federation Account.
24
Table 6.4.1: Naira Proceed from Sale of Domestic Crude Oil & Gas
Domestic Sales
Proceed Value Due
Receipt/
Payment
Month
Lifting Month
Uints
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
TOTAL
Gas Proceed
Reciepts (M)
NGN
Other Reciepts
NGN
193,396,589,831
140,359,919,841
130,786,721,631
107,447,511,536
161,316,709,514
149,222,813,261
129,233,855,135
152,353,935,610
130,258,254,777
72,127,787,317
94,109,331,892
81,021,606,452
95,693,106,452
93,539,606,452
68,983,606,452
67,339,606,452
1,199,275,878
5,068,536,722
3,121,971,726
2,741,653,924
962,282,254
2,091,998,862
2,083,680,988
138,157,794
410,190
967,206,524
0
0
6,020,506
0
0
2,370,034,843
131,457,940,845
78,163,530,562
97,231,303,617
83,763,260,375
96,661,409,211
95,631,605,314
71,067,287,439
69,847,799,089
1,164,118,056,359
703,072,906,243
17,407,558,146
3,343,672,063
723,824,136,453
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
TOTAL
6,330,393,548
6,330,393,548
6,330,393,548
6,330,393,548
6,330,393,548
6,330,393,548
6,330,393,548
6,330,393,548
137,788,334,393
84,493,924,111
103,561,697,166
90,093,653,924
102,991,802,760
101,961,998,862
77,397,680,988
76,178,192,637
1,164,118,056,359
50,643,148,387
774,467,284,840
723,824,136,453
231,038,678,194
4,170,352,451 41,654,389,529
69,405,614,326
288
300
23
25
250
200
78
150
100
158
50
23
15
43
145
15
48
16
60
55
103
Feb-15
Mosimi
25
231
198
Jan-15
287
60
Mar-15
Kaduna
101
Apr-15
250
10
71
18
54
26
225
27
20
72
117
47
36
151
146
May-15
Port Harcourt
218
Jun-15
Warri
78
79
Jul-15
Aug-15
Gombe
Billion Naira
Monthly Naira Payments To FAAC (Domestic Crude Oil & Gas Sales,Debt & Other Reciepts)
160
140
137.788
6.330
120
103.562
100
6.330
84.494
60
102.992
101.962
6.330
6.330
6.330
6.330
80
90.094
130.258
72.128
40
94.109
81.022
95.693
93.540
77.398
76.178
6.330
6.330
68.984
67.340
20
-
1.20
5.07
3.12
2.74
0.96
2.09
2.08
0.14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Other Reciepts
Debt Repayemt To FG
26
27