MARCH 2015 PETROLEUM INFORMATION - NNPC …

1 MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) For further enquires visit our website at CORPORATE PLANNING & STRATEGY (CP&S) MARCH 2015 PETROLEUM INFORMATION MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) Disclaimer i This publication presents INFORMATION on the oil and gas industry . Its content reflects individual as well as general analysis and trend of activities that characterized the industry within the country. Although NNPC endeavours to ensure accuracy of INFORMATION in these documents, it cannot guarantee 100% accuracy nor can it be held liable for errors that may occur. Users are to note that use of any INFORMATION herein is purely at their discretion. MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) TABLE OF CONTENTS ii content Page No Table of ii Summary .. iii-viii Table - Exploration/Drilling Activities By Companies .. 1 Table - Summary of Non-Fiscalised Crude Oil Production .. 2 Table - Crude Oil, Gas and Water Production.

2 3 - 11 Table - Summary of Fiscalised Crude Oil Production .. 12 Table - Crude Oil Production by Company by Crude Stream .. 13 -15 Table - Crude Oil Lifting (Domestic & Exports) .. 16 Table - Crude Oil Exports by Destination .. 17 Table - Summary of Gas Production and Utilization .. 18 Table - - Gas Production and Utilization by .. 19 - 51 Table - Natural Gas Liquid (NGL) Inventory .. 27 Table - Refinery Crude Oil Balance .. 28 Table - Refinery Crude Oil Receipt Vs .. 29 Table Refinery Finished Products .. 30 Table - Refinery Fuel and Loss Statistics .. 31 Table - Distribution of PETROLEUM Products by .. 32 - 34 Table - PETROLEUM Products Distribution by Company .. 35 Table - Distribution of PETROLEUM Products by Zones .. 36 Glossary of Terms MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) SUMMARY FOR MARCH , 2015 iii EXPLORATION/DRILLING ACTIVITIES Only SPDC and Addax ( from the available data) carried out exploration/drilling activities during the month in review.

3 The operation was carried out on 4 wells ( ). CRUDE OIL AND CONDENSATE Production: Total wellhead gross production for the month was million barrels. This figure was short of actual as wellhead production data from some companies was not available. Terminal (fiscalised) production total for the month was about million barrels representing million barrels per day, higher over production of million barrels or million barrels per day in February 2015 Lifting (Domestic and Export) Total crude oil and condensates lifting for both domestic and export was about million barrels. Oil companies lifted about million barrels ( ), while NNPC lifted million barrels ( ). Lifting by fiscal regime shows , , and million barrels for JVC, PSC/SC, and Others respectively. Out of NNPC s liftings, million barrels was for Federation Account (This includes, FIRS, DPR, PPMC Offshore, PPMC Crude Exchange & MCA accounts) while million barrels was for domestic use. This is shown in Table i and the corresponding chart on the next page.

4 Individual company liftings are also shown in Table MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) (CRUDE OIL LIFTING) Table i - Lifting (Alternative Funding): AF lifting was about million barrels. NNPC lifted million barrels ( ) while JVC companies (Mobill, Total E&P, Chevron, Shell and NAOC) lifted million barrels ( ). Lifting's by Companies are part of the JVCs export while the lifting by NNPC adds to the Federation account lifting. Table ii on the next page gives further breakdown. iv CRUDE OIL LIFTING BYREGIMEEXPORTDOMESTICNNPC TOTALJVC10,730, ,858, ,756, ,615, ,345, ,931, ,509, ,509, ,441, FIELDS5,890, ,890, ,552, ,368, ,756, ,124, ,676, -JVC36%JVC19%PSC/INDEPENDENTS/SOLE RISK/SERVICE CONTRACT/MARGINAL45%MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) v Crude Oil Export By Destination: Four regions namely; Europe, Africa, Far East and South America the major destinations of Nigerian crude and condensate export. Table 5 and the chart above provide further insight.

5 (Alternative Funding Crude Lifting) Table ii - Crude Oil Export by Destination CRUDE STREAMBENEFICIARYQUANTITY (BBLS)PERCENTAGE SHARE (%)QILM obil 2,322,892 NNPC 3,484,338 Sub-Total 5,807,230 100 AMENAMT otal E&P - 0 NNPC - 0 Sub-Total - - ESCRAVOSC hevron 769,526 NNPC 1,154,290 Sub-Total 1,923,816 100 BONNY LIGHTSHELL 299,799 NNPC 449,699 Sub-Total 749,498 100 BRASS BLENDNAOC 134,817 NNPC 202,226 Sub-Total 337,043 100 Total Companies 3.

6 527,034 Total NNPC 5,290,553 Grand Total 8,817,587 100 SOUTH AMERICA13%EUROPE43%ASIA & FAR EAST21%AFRICA23%MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) vii REFINERY OPERATIONS Crude Oil Balance: This month, zero (0) barrels of Slop was received by the three Refineries, KRPC, PHRC and WRPC. With an opening stock of 1, thousand barrels, total Crude Oil available for processing was 1, thousand barrels out of which zero (0) barrels was processed. The respective average capacity utilization during the month was , and for KRPC, PHRC and WRPC respectively. Details are shown in the charts below: Refinery % Capacity Utilization: MARCH , 2015 Crude Oil Receipt Vs Crude Oil Processed: MARCH , 2015 Production Returns: Total national domestic refining produced zero(0) mt of finished and intermediate products. PPMC which lifts products from the refineries evacuated 101,886 thousand mt of products.

7 The chart below captures the comparative products contribution of the refineries. - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 - 10 20 30 40 50 Percentage - 10 20 30 40 50 Percentage 0000000000 LPGPMSDPKAGOFuel Oil'000 mtKRPCPHRCWRPCMONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) viii Refinery Fuel and Loss: Altogether 91,109 mt of products was used by the three (3) refineries as fuel and loss. Consumption as fuel was 87,766mt while apparent loss and flare accounted for 3,343mt of production.

8 Table shows the breakdown by refinery. DOMESTIC PETROLEUM PRODUCTS DISTRIBUTION NNPC Retail Limited and Independent PETROLEUM Products Marketing Companies distributed about million litres of various PETROLEUM products in the 36 States and FCT in MARCH 2015 (Tables and ). This shows an increase of million litres or when compared with the total volume distributed in February 2015 ( million litres). The NNPC Retail Limited distributed million litres ( of the total sales) of PETROLEUM products, while the Independent Marketing Companies distributed million litres ( ). Distribution by product shows, Premium Motor Spirit (PMS) had the highest figure of million litres ( ) of the total reflecting average daily sales of million litres. This was followed by Household Kerosene (HHK) with total sales figure of million litres ( ) averaging million litres per day. Automotive Gas Oil (AGO) came third in the PETROLEUM products distribution slate with total figure million litres ( ), giving an average daily figure of million litres.

9 Low Pour Fuel (LPFO) and Others constituted the remaining part of the distribution. Zonal Consumption Note: No report from AP(Forte Oil), Conoil, Mobil, Total, Oando & MRS as at the time of this report. MONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) 1 TABLE Exploration/Drilling Activities by Company NIGERIA COORDINATES (METRES)ACTUAL DEPTH REACHEDMONTHLY PROGRESSWELL TYPELEASE NO. EASTNORTH DATE SPUDDED (METRES) (METRES)SPDCGBARAN 26 STEXPLORATIONN/AN/AN/ 9 WORKOVERN/AN/AN/AN/A2722527225 SUSPENDEDESCRAVOS BEACH 15 WORKOVERN/AN/AN/ , - COMPLETEDWELL STATUS COMPANYWELL NAMEMONTHLY PETROLEUM INFORMATION (MPI MARCH , 2015 ) 2 TABLE Summary of Wellhead (Field) Crude Oil Production CRUDE OILPRODUCTIONDAILY AVERAGE% OF TOTALCOMPANYNUMBER OF WELLS bblsm3(BARREL)PRODUCTIONJOINT VENTURE COMPANIES:SPDC- 7,284,910 1,158,206 260,175 9,844,773 1,565,191 351,599 - - - E&P129 2,750,652 437,318 98,238 - - - 193,495 30,763 6,911 2,519,083 400,501 89.

10 967 - Total93822,592,9133,591,979806,89040 PROD. SHARING COMPANIES: ADDAX 118 1,299,055 206,533 46,395 2,890,022 459,476 103,215 535,013 85,060 19,108 6,142,674 976,605 219,381 410,992 65,342 14,678 PETROLEUM - 4,190,723 666,270 149,669 3,551,966 564,716 126.