The NNPC Ltd has announced the introduction of a new crude oil blend into the international crude oil market.
The new crude oil grade called Utapate, which has current production of 28,000 barrels per day,
Is expected to contribute significantly to the country’s oil output.
NNPC spokesman, Olufemi Soneye, who made this known, said the new grade, which is a light and low-sulfur from Oil Mining Lease (OML) 13,
Fully operated by NEPL, NNPC Ltd’s upstream subsidiary, which commenced operations in July 2024, as its first cargo headed for Spain.
Located offshore Akwa Ibom State in Nigeria, Utapate’s current crude oil production is at 28,000 barrels per day,
With potentials to increase it to 50,000 barrels per day. Also, the sulphur content of the new crude is 0.0655%.
