NIGERIAN NATIONAL PETROLEUM CORPORATION

Transcription

1 NIGERIAN NATIONAL PETROLEUM CORPORATION 2007 SECOND QUARTER PETROLEUM INFORMATION For further enquires and comments, please contact us at: Website: CORPORATE PLANNING & DEVELOPMENT DIVISION (CPDD) 1

2 TABLE OF CONTENTS Table No. Page No. Summary Exploration/Drilling Activities by Company Summary of Crude Oil Production Compiled From Company s Monthly Report Crude Oil, Gas and Water Production Crude Oil Production by Company by Crude Stream Monthly Crude Oil Exports Nigeria Crude Oil Exports by Destination Summary of Gas Production and Utilization Compiled From Company s Monthly Report Gas Production and Utilization by Field Refinery Production Returns Crude Oil Balance Refinery Production Returns Crude Oil Received Refinery Production Returns Crude Oil Processed Refinery Production Returns Finished Products Refinery Fuel and Loss Statistics Domestic Consumption of Petroleum Products by States Petroleum Products Distribution by Marketing Company Distribution of Petroleum by Zones ,, Glossary of Terms 2

3 SUMMARY OF OIL AND GAS INDUSTRY ACTIVITIES FOR THE SECOND QUARTER, SEISMIC / DRILLING ACTIVITIES During the second Quarter 2007, a total of KM 2 (3-D) was acquired by the Joint Venture (JV) companies, and the PSC/SC companies. JV Companies acquired KM 2, while PSC acquired KM 2 data during the quarter. A total of 4,089.18km data was processed /reprocessed during the quarter by both JVC & PSC/SC. There was no 2-D data acquired or processed during the quarter under review. A total number of Eighty-five (85) wells were drilled by twelve (12) Oil Producing Companies. JVC drilled forty-eight (48) wells, PSC thirty-seven (37) wells while Service Contract Companies had no drilling activities. Out of the total wells drilled, sixty-three (63) were Development wells, seven (7) were Work-over/Completion wells, ten (10) Appraisal and five (5) Exploratory wells. The total number of rig count during the quarter amounted to twenty-eight (28). (See table 1 & 2 for more details) 2.0 CRUDE OIL AND CONDENSATE 2.1 Production: Total Crude Oil and Condensates produced in the second Quarter 2007 stood at 187,199,323 barrels averaging 2.06 million barrels per day (MBPD). The major contributors to the total production for the quarter are: Mobil (24.90%), Chevron (16.51%) Shell (16.45%), Elf (10.23%). The alternative funding production for the quarter was 24,545,398 barrels, which is 12.09% of the total production. The Oil Producing Companies with their Production figures, average daily production and percentage contribution in descending order are shown below. (See table 4 for more details). 3

4 Table (a) COMPANY BY COMPANY CRUDE OIL PRODUCTION WITH THEIR PERCENTAGE (%) CONTRIBUTIONS AND DAILY PRODUCTION AVERAGES IN THE SECOND QUARTER 2007 Company Quantity Ave Daily Percentage (%) (barrels) Prod. (B/D) Contribution MOBIL 46,609, , CHEVRON 30,912, , SHELL 30,788, , ELF 19,154, , SNEPCO 16,027, , ESSO EXP & PRO NIG. LTD 15,935, , ADDAX 9,474, , NAOC/PHILIPS 8,687,696 95, NPDC/AENR 2,950,130 32, NAE 1,537,514 16, CONTINENTAL OIL 1,454,563 15, MONIPULO 1,188,078 13, TEXACO 954,500 10, AENR 949,293 10, ATLAS 139,706 1, AMNI 132,405 1, CONOIL 115,770 1, NIGER DELTA PET. RESOURCES 109,474 1, EPGA/CONOCO 77, CAVENDISH PETROLEUM PAN - OCEAN NPDC (FORCADOS TERMINAL) DUBRI GRAND TOTAL 187,199,323 2,057, Lifting (Domestic and Export): In First Quarter 2007, a total of 200,246,145 barrels (2,224,957 barrels per day) of crude oil and condensates were lifted for both export and domestic purposes by NNPC and the Oil Producing Companies. The Oil Producing Companies lifted 116,716,891 barrels or 58.29%, while NNPC lifted 83,529,254 barrels or 41.71%. Out of the 4

5 16,716,891 barrels lifted for export by the Oil Producing Companies, the JVC exported 73,364,966 barrels; PSC/SC companies exported 37,054,905 barrels, while Independent and Sole Risk Companies exported 6,297,020 barrels. NNPC lifting was made up of 47,359,147 barrels, exported on behalf of Federal Government for Federation Account and 36,170,107 barrels for domestic use distributed as follows:. 7,168,982 barrels supplied to the local refineries; and 28,990,458 barrels exported on behalf of PPMC. 2.3 Alternative Funding (AF) Joint Venture/Carry Crude Oil Lifting: In the First quarter of 2007, 23,841,837 barrels of AF crude oil were lifted by both NNPC and the three (3) Oil Producing Companies namely: Mobil, Elf and Chevron. Of this, the Oil Producing Companies lifted 18,414,712 barrels or 71.24% while NNPC lifted 5,427,125 barrels or 22.76%. (See the table below for more details) Table b: Alternative funding/carry Crude oil lifting. Crude stream Beneficiary Quantity (Barrels) Percentage Share (%) Shell 0 0 EA NNPC 0 0 Sub-Total 0 Mobil 9,330, YOHO NNPC 3,752, Sub-total 13,083, Elf 8,813, AMENAM NNPC 1,674, Sub-Total 10,488, Chevron 270, ESCRAVOS NNPC 0 0 Sub-total 270, Total Companies 18,414, Total NNPC 5,427, Grand Total Total 23,841,

6 2.4 Crude Oil Export by Destination: In the Second quarter of 2007, a total volume of 183,580,628 barrels of Crude Oil and Oso Condensate were exported by NNPC and the Oil Producing Companies to five (5) major regions of the World: North America 101,347,329 barrels or 55.21%; Europe 32,259,373 barrels or 17.57%; Asia and Far East 25,545,633 barrels or 13.92%; South America 12,065,471 barrels or 6.57%. The remaining 12,362,822 b arrels or 6.73% were exported to some countries in Africa. (See Table 5). 3.0 NATURAL GAS 3.1 Natural Gas Production and Utilization: A total volume of Billion standard cubic Feet (BSCF) of natural gas was produced by eight (8) Oil Producing Companies in the First Quarter of Out of the quantity produced, Bscf or 34.50% was flared while the remaining Bscf (65.50%) was utilized as follows: Bscf was re-injected, Bscf was for LNG feedstock, Bscf was sold to third parties. The Oil Producing Companies used Bscf as fuel gas and Bscf as gas lift to enhance condensate production. EPCL took 2.83 Bscf and Bscf for fuel gas and LPG/NGL feedstock respectively. 6

7 4.0 REFINERY OPERATIONS 4.1 Crude Oil Balance: In the Second Quarter 2007, the three refineries (KRPC, PHRC and WRPC) had 340,174 mt of dry crude oil as opening stock and received 377,309 mt of dry crude oil. The total crude oil available for processing, therefore, stood at 717,483 mt. Out of this, 494,845 mt of crude oil was processed into petroleum products. The closing stock at the end of the Quarter was 222,638 mt of crude oil. The average daily throughput for each refinery in metric tons per day was: KRPC 0; PHRC 5438 and WRPC 0.00; (see Table 8); thus leaving their respective capacity utilization for the Quarter as 0%, 19.08% and 0.00% respectively. (See figure 4). 4.2 Production Returns: The three (3) refineries KRPC, PHRC and WRPC produced 459,806 mt of intermediate and finished products as against a volume of 677,352 mt evacuated by PPMC during the quarter (See Table 11) Refinery Fuel and Loss: During the Quarter, the three (3) refineries recorded 61,885 mt of products as refinery fuel and loss, which was 12.51% of the total crude processed by the refineries. 54,151 mt (10.94%) of various products was used as fuel, while 2,360 mt (0.48%) was the quantity of gas flared and 5,374 mt (1.09%) was recorded as losses. (See Table 12). 5.0 DOMESTIC PETROLEUM PRODUCTS DISTRIBUTION: During the Second Quarter 2007, the Major and Independent Petroleum Products Marketing Companies distributed a total of 2, million litres of different petroleum products. This showed a decrease of million litres or 22.14% when compared with the total volume distributed in the First Quarter, 2007 (3, million litres). The Major Petroleum Products Marketing Companies sold 1, million litres (71.98% of the total sales) of petroleum products, while the Independent Petroleum Products Marketing Companies sold the remaining million litres (28.02% of the total sales). In the petroleum products distribution slate, Premium Motor Spirit (PMS) had the highest figure of 1, million litres (77.26% of the total) reflecting average daily sales of million litres. This was followed by Automotive Gas Oil (AGO) with total sales figure of million litres (12.25%) averaging 3.21 million litres per day. Dual Purpose Kerosine (DPK) came third in the petroleum products distribution slate with total sales figure of million litres (4.37%) giving an average daily sales figure of 1.14 million litres. (Table 13, 14, and 15 refer). In terms of Market Share amongst the Major Petroleum Marketing Companies we have Total Plc (17.99%), Oando Plc (15.68%), African Petroleum (10.48%), Texaco (9.39%), Conoil (8.64%), Mobil (6.00%) and NNPC Retail (3.79%). (Table 14 refers). 7

8 Table 1 Seismic Activities:- 2nd Quarter, 2007 Data Acquisition Company 2-D (KM) 3-D (SQ. KM) JV COYS SHELL MOBIL - - CHEVRONTEXACO - - ELF - - NAOC - - PAN-OCEAN - - SUB - TOTAL JV PSC COYS ADDAX PET. - - ADDAX EXPL. - - SNEPCO - - NAE STAR DEEP - - BG - - STATOIL/BP - - CONOCO - - ESSO - - PETROBRAS - - CHEVERON (PSC) - - TOTAL UPSTREAM - - ELF (PSC) TEXACO OUTER SHELF - - ORANTO-ORANDI - - OCEAN ENERGY - - SUB - TOTAL PSC SERVICE CONTRACT (SC) AENR - - NPDC/AENR - - SUB - TOTAL SC - - GRAND TOTAL Source: NAPIMS 8

9 Table 1 contd. Seismic Activities:- 2nd Quarter, 2007 Processing & Re-processing. Company 2-D (KM) 3-D (SQ. KM) JV COYS SHELL - 1, MOBIL - - CHEVRON ELF NAOC/PHILLIPS PAN-OCEAN - - SUB - TOTAL JV - 2, PSC COYS ADDAX PET. - - ADDAX EXPL. - - SNEPCO - - NAE STAR DEEP BG STATOIL/BP - - CONOCO - - ESSO - - PETROBRAS - - CHEVERON (PSC) TOTAL UPSTREAM - - ELF (PSC) - - TEXACO OUTER SHELF - - ORANTO-ORANDI - - OCEAN ENERGY - - SUB - TOTAL PSC - 1, SERVICE CONTRACT (SC) AENR - - NPDC/AENR - - SUB - TOTAL SC - - GRAND TOTAL - 4, Source: NAPIMS 9

10 Table 2 Drilling Summary by Company:- 2nd Quarter, 2007 Company Exploratory Appraisal Development Workover/ Total Wells Rig Count Completion Drilled JV COYS SHELL MOBIL CHEVRONTEXACO ELF NAOC/PHILLIPS PAN-OCEAN SUB - TOTAL JV PSC COYS ADDAX PET ADDAX EXPL SNEPCO NAE STAR DEEP BG STATOIL/BP CONOCO ESSO PETROBRAS CHEVERON DEEP A TOTAL UPSTREAM ELF PET TEXACO OUTER SHELF ORANTO-ORANDI OCEAN ENERGY SUB - TOTAL PSC SERVICE CONTRACT (SC) AENR NPDC/AENR SUB - TOTAL SC TOTAL Source: NAPIMS 10

11 Table 3 Summary Of Crude Oil Production By Field Compiled From Major Producing Companies' Monthly Report - 2nd Quarter, 2007 CRUDE OIL PRODUCTION DAILY AVERAGE % OF TOTAL (BARREL) PRODUCTION COMPANY NUMBER OF WELLS bbls m3 JOINT VENTURE COMPANIES: SHELL ,139,611 4,791, , MOBIL N/A 42,418,708 6,744, , CHEVRON ,631,977 4,870, , ELF ,088,171 3,034, , NAOC 188 9,791,699 1,556, , TEXACO , ,744 10, PAN-OCEAN Sub - Total 1, ,037,190 21,151,184 1,478, PROD. SHARING COMPANIES: ADDAX 90 9,416,360 1,497, , Sub - Total 90 9,416,360 1,497, , INDEPENDENTS/SOLE RISK NPDC 11 4,903, ,572 54, Sub - Total 11 4,903, ,572 54, GRAND- TOTAL 1, ,356,917 23,427,834 1,692, NOTE: (1) This does not include information from some indigenious and production sharing companies. (2) The figures are primary data (not fiscalised) and therefore might not completely tally with figures in Table 3. 11

12 Table 3a Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Shell NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL bbls m3 mscf m3 bbls m3 GRAVITY RATIO ABURA AFIESERE AFREMO AGBAYA AJATITON AJUJU AKONO AMUKPE BATAN BENISEDE EGWA ERIEMU ESCRAVOS BEACH EVWRENI FORCADOS YOKRI ,368 82, ,086 11,102, , , ISOKO JONES CREEK KANBO KOKORI OBEN 10 46,285 7,359 9,372, ,393,843 28,482 28, , ODIDI OGBOTOBO OGINI OLOMORO/OLEH OPUKUSHI NORTH OPOMOYO OPUAMA OPUKUSHI ORONI OSIOKA OTUMARA OVHOR

13 Table 3a contd. Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Shell NAME OF FIELD NUMBER OF QTY OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL bbls m3 mscf m3 bbls m3 GRAVITY RATIO OWEH SAGHARA SAPELE 9 94,333 14,998 2,056,546 58,234,905 42,348 42, , SEIBOU TUNU UGHELLI EAST 8 341,283 54,260 8,122, ,998,829 4,412 4, , UGHELLI WEST UTOROGO ,723 52,104 26,222, ,532,115 49,926 49, , UZERE EAST UZERE WEST WARRI RIVER ADIBAWA 9 188,779 30, ,445 4,798, , , ADIBAWA N/EAST 2 109,419 17,396 93,212 2,639,470 91,029 91, AFAM AGBADA 1 1,992, ,704 2,393,064 67,764,034 1,081,085 1,081, AHIA 5 250,158 39, ,073 10,847, , , AKASO 7 692, , ,728 22,532, , , ALAKIRI 8 487,527 77,510 7,480, ,822, , , , APARA ASARITORU ASSA AWOBA N/WEST 1 308,372 49, ,012 4,389,452 60,942 60, AWOBA 7 2,361, ,489 2,549,467 72,192, , , BELEMA 11 2,133, ,156 1,735,031 49,130, , , BELEMA NORTH 1 18,371 2,921 11, ,599 3,485 3, BISENI BONNY ,832 58,798 34,505, ,095, , , , BONNY NORTH 1 502,498 79, ,916 5,745,942 47,365 47, BUGUMA CREEK CAWTHORNE CHANNEL 23 3,136, ,682 4,836, ,948,867 1,299,955 1,299, DIEBU CREEK - 95,925 15, ,421 4,854,103 27,480 27, EGBEMA 3 146,725 23, ,318 5,870, , , EGBEMA WEST 4 154,904 24, ,577 7,803, , , EKULAMA , , ,166 20,364, , ,

14 Table 3a contd. Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Shell NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL bbls m3 mscf m3 bbls m3 GRAVITY RATIO ELELENWA 2 679, , ,527 22,328,601 77,975 77, ETELEBOU 7 394,927 62, ,597 16,978, , , GBARAN 5 531,657 84,527 1,371,961 38,849, , , IMO RIVER 35 1,596, , ,314 27,476,236 4,256,501 4,256, ISIMIRI 4 231,715 36, ,487 13,294, , , KOLO CREEK 7 151,086 24, ,421 12,103,216 90,908 90, KRAKAMA 5 313,480 49, ,471 8,027, , , MINI NTA 6 664, , ,650 20,349, , , NEMBE CREEK EAST NEMBE CREEK 7 2,919, ,186 2,496,160 70,683,388 3,228,844 3,228, NKALI 4 199,690 31, ,775 18,512,849 80,920 80, NUN RIVER 8 626,111 99, ,997 13,648, , , OBELE - 75,796 12,051 36,471 1,032,744 33,116 33, OBIGBO NORTH 34 1,624, ,232 4,461, ,342,309 1,003,285 1,003, ODEAMA CREEK 4 523,793 83, ,606 19,244, , , OGUTA ,464 54,606 2,392,446 67,746, , , , ORUBIRI 1 122,847 19,531 5, , OTAMINI 2 244,203 38, ,949 5,690, , , RUMUEKPE 1 22,726 3,613 25, ,142 10,709 10, SANTA BARBARA 5 1,050, , ,723 23,466, , , SANTA BARBARA SOUTH , SOKU 27 2,406, ,560 91,176,975 2,581,844,725 97,794 97, , UBIE 3 117,564 18, ,487 3,100,327 95,266 95, UGADA 1 76,448 12, ,331 8,447,794 88,359 88, UMUECHEM 4 144,414 22, ,686 3,700, , , TOTAL ,139,611 4,791, ,458,032 6,016,142,223 19,227,048 19,227,048 1, NOTE: Total Oil Produced includes Condensate production. Source: Shell BP 14

15 Table 3b Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Mobil NAME OF FIELD QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL bbls m3 mscf m3 bbls m3 GRAVITY RATIO ASABO 1,273, , ,383, ,189, , ASASA 2,338, , ,842, ,135, , , EDOP 3,630, , ,546, ,189, , , EKU 288, , , ,044, , , ENANG 1,561, , ,139, ,899, , , ETIM/ETIMC 3,876, , ,196, ,100, , , IDOHO 751, , ,139, ,580, , , IDOHO-NORTH 229, , , ,166, , , INANGA 31, , , ,585, , , INIM 2,027, , ,680, ,911, , , ISOBO 54, , , , IYAK 284, , , ,647, , , IYAK SE 52, , , , , MFEM 1,218, , ,903, ,911, , , OSO 4,180, , ,048, ,077,418, , , , UBIT 5,945, , ,398, ,146, ,708, , UNAM 2,030, , ,739, ,244, , , USARI 5,515, , ,981, ,951, ,204, , UTUE 149, , , ,252, , , YOHO 5,715, , ,723, ,962, , , AWAWA 1,262, , ,268, ,930, , , TOTAL 42,418, ,744, ,568, ,329,168, ,792, ,033, Source: Mobil Producing 15

16 Table 3c Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Chevron NAME OF FIELD NUMBER OF QTY.OF OIL PRODUCED QTY. OF GAS PRODUCED QTY OF WATER PRODUCED API GAS/OIL WELL bbls m3 mscf m3 bbls m3 GRAVITY RATIO ABITEYE 8 255,677 40, ,424 10,177, ,153 44, UTONANA 5 482,212 76, ,858 10,897,966 60,066 9, MAKARABA , ,922 2,097,601 59,397,453 6,617,252 1,052, OPUEKEBA 5 401,349 63, ,366 26,090,183 1, YORLA SOUTH DIBI 8 1,107, , ,138 10,509,459 19,791 3, JISIKE 5 385,962 61, ,174 13,483,748 77,478 12, ROBERKIRI , ,402 1,287,239 36,450, , , IDAMA 4 490,501 77, ,907 14,184,108 72,466 11, ABIGBORODO BALEMA UNIT 1 196,773 31, JOKKA 1 6, , ,020 3, BENIN RIVER 10 1,685, ,910 1,275,482 36,117, ,873 62, GBOKODA 4 497,284 79, ,902 3,508,514 33,935 5, OJUMOLE OMURO DELTA SOUTH 17 1,996, ,443 3,999, ,255,394 1,208, , DELTA 22 1,613, ,555 4,446, ,914,215 1,035, , ISAN 2 76,986 12,240 50,693 1,435, ,526 21, WEST ISAN 3 45,179 7, ,141 17,673, ,694 24, EWAN 13 1,291, ,405 1,495,385 42,344, ,870 92, OKAN 64 4,017, ,720 9,064, ,675,680 1,451, , MEFA 12 1,184, ,373 1,742,561 49,343, ,316 59, MEJI 32 3,698, ,029 4,573, ,505,075 2,777, , MEREN 57 5,353, ,215 6,790, ,272,346 3,883, , OKAGBA 1 55,428 8,812 77,919 2,206, TAPA 3 115,626 18, ,331 27,929, ,955 16, PARABE/EKO ,250 95,273 1,870,501 52,966, ,079 98, MALU , ,268 1,653,203 46,813, ,270 63, MINA 1 115,584 18, ,084 3,853,470 6,879 1, INDA 5 1,496, ,960 1,036,649 29,354,634 67,498 10, MEJO 3 560,047 89, ,620 9,333,800 34,398 5, KITO 1 74,921 11,911 26, ,019 12,800 2, OPOLO 4 337,785 53,703 1,340,076 37,946, ,687 81, TOTAL ,631,977 4,870,086 48,048,839 1,360,591,767 21,742,119 3,456, Source: Chevrontexaco 16

17 Table 3d Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Elf NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL GRAVITY RATIO bbls m3 mscf m3 bbls m3 AGHIGHO OBODO OKPOKO UPOMAMI OBAGI 48 1,307, ,836 3,045,734 86,245,600 2,791, , EREMA IBEWA OIL 1 11,673 1, ,257 2,923,900 21,110 3, OBAGI/EREMA/IBEWA OIL ,034, ,558, OLO 2 95,393 15, ,363 7,174, ,310 42, IBEWA CONDENSATES 8 1,133, ,229 18,380, ,476, , OBAGI DEEP 1 125,050 19,881 3,063,229 86,741, , OBAGI GAS-CAP ,084, ,963, AFIA 8 576,827 91, ,414 3,806, , , EDIKAN 7 868, , ,770 16,700, ,835 58, IME 6 275,425 43,789 53,214 1,506, ,871 60, ODUDU 4 130,000 20, ,575 19,101, ,365 59, OFON 20 4,286, ,521 4,780, ,381, ,796 29, AMENAMKPONO 19 10,277,632 1,634,010 45,424,193 1,286,270, ,544 84, TOTAL ,088,171 3,034,771 86,621,577 2,452,850,200 5,846, , Source: Elfina 17

18 Table 3e Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: NAOC NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL bbls m3 mscf m3 bbls m3 GRAVITY RATIO AFUO 1 127,701 20,303 51,974 1,471,740 37,563 5, AGWE 2 30,003 4,770 1,276,687 36,151,754 1, , AKRI 9 403,621 64,170 4,177, ,296, ,919 20, , BENIBOYE , , , BENIKU 2 224,939 35, ,428 9,724,799 22,122 3, CLOUGH CREEK EBEGORO 6 320,743 50,994 2,128,548 60,273,774 10,141 1, , EBOCHA ,062 54,860 5,495, ,604, ,266 45, , IDU 11 1,292, ,458 5,485, ,322, , , IRRI 5 207,801 33,038 11,235, ,152,184 36,911 5, KWALE 9 207,875 33,049 9,758, ,326, , , , MBEDE ,210 78,414 12,016, ,268, ,297 98, , NIMBE SOUTH 3 680, , ,724 5,230,802 63,731 10, OBAMA ,247 54,254 1,835,186 51,966, ,156 75, OBIAFU 33 1,303, ,208 27,452, ,371, ,902 44, , OBRIKOM ,374 50,776 4,348, ,127, ,513 57, , OGBAINBIRI , , ,359 22,182, ,015 30, OGBOGENE 0 1, ,509 42,730 1, OKPAI 7 464,614 73,868 2,396,279 67,855,073 27,348 4, OMOKU WEST OSHI 14 1,045, ,150 9,755, ,237, , , , OSIAMA CREEK PIRIGBENE 1 64,681 10, ,892 20,838, , SAMABIRI EAST 7 826, ,343 1,271,131 35,994,426 40,665 6, TAYLOR CREEK 1 65,098 10,350 2,395,867 67,843,406 1, , TEBIDABA UMUORU 3 155,102 24, ,374 5,192, ,742 19, TOTAL 188 9,791,699 1,556, ,321,313 2,925,734,122 5,050, ,004 1, Source: NAOC 18

19 Table 3f Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Texaco NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL GRAVITY RATIO bbls m3 mscf m3 bbls m3 PENNINGTON 3 36,992 5,881 38,754 1,097,391 42,110 6, NORTH APOI ,492 52, ,984 11,071, ,420 85, FUNIWA ,540 95, ,046 16,538, ,822 68, TOTAL , ,744 1,013,784 28,707,169 1,010, , Source: Texaco 19

20 Table 3g Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Pan Ocean NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL GRAVITY RATIO bbls m3 mscf m3 bbls m3 ASABORO SOUTH OGHAREFE OLOGBO ONA OSSIOMO TOTAL

21 Table 3h Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: Addax NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL GRAVITY RATIO bbls m3 mscf m3 bbls m3 ADANGA , ,859 2,023,986 57,312, ,854 17, ADANGA SOUTH 9 1,070, ,223 1,723,927 48,816,182 38,122 6, ADANGA SOUTH WEST 3 217,614 34, ,955 12,401,506 47,381 7, AKAM 3 27,038 4, ,816 5,516, ,430 41, , BOGI 1 18,898 3,005 23, ,095 12,233 1, EBUGHU ,211 66,967 2,121,818 60,083, ,801 39, EBUGHU EAST 6 845, ,410 1,293,070 36,615, ,484 38, EBUGHU NORTH EAST 5 79,399 12, ,294 21,529, ,386 59, , EBUGHU SOUTH 2 195,697 31, ,731 24,458,141 56,641 9, MIMBO 2 41,328 6, ,150 25,064,660 81,131 12, , NORTH ORON 5 872, , ,136 22,685,648 87,172 13, ORON WEST 3 485,715 77, ,980 27,608,362 49,021 7, IZOMBE 9 203,054 32, ,442 25,384,414 1,004, , OSSU 8 462,783 73, ,734 12,621,783 1,083, , OKWORI 8 2,199, ,613 3,154,980 89,339, , , NDA 4 1,509, , ,811 22,902, TOTAL 90 9,416,360 1,497,079 17,410, ,019,352 4,501, , Source: Addax 21

22 Table 3i Crude oil, Gas and Water Production - 2nd Quarter, 2007 Company: NPDC NAME OF FIELD NUMBER OF QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED API GAS/OIL WELL GRAVITY RATIO bbls m3 mscf m3 bbls m3 ABURA OREDO OZIENGBE SOUTH OKONO/OKPOHO 11 4,903, ,572 3,927, ,203,356 2, TOTAL 11 4,903, ,572 3,927, ,203,356 2, No Prodcution from (Abura, Oredo, Oziengbe fields) due to ruptured SPDC pipeline since on the 18/02/06. Source: NPDC 22

23 Table 4 Crude Oil Production by Company, Crude Stream - 2nd Quarter, 2007 CRUDE STREAM Forcados Blend Forcados Blend Bonny Light Brass Blend Escravos Light Pennington Light Antan Blend Amenam Blend IMA COMPANY condensate JOINT VENTURE COMPANIES: SHELL 676, ,664 28,616, , MOBIL CHEVRON 0 0 3,293, ,962 25,925, ELF 0 0 2,739, ,137,566 0 NAOC/PHILLIPS ,687, TEXACO , PAN - OCEAN SUB TOTAL 676, ,664 34,649,416 9,989,331 25,925, ,500-6,137,566 - PROD. SHARING COMPANIES ADDAX , ,083, ESSO EXP. & PRO. NIG L NAE SNEPCO SUB TOTAL , ,083, SERVICE CONTRACT: AENR , SUB TOTAL , INDEPENDENTS/SOLE RISK: NPDC/AENR NPDC DUBRI CONOIL , EPGA/CONOCO AMNI ,405 CAVENDISH PETROLEUM ATLAS CONTINENTAL OIL ,454, MONIPULO ,188, NIGER DELTA PET. RESO , SUB TOTAL , ,770 1,454,563 1,188, ,405 GRAND TOTAL 676, ,664 34,758,890 11,619,724 26,041,508 2,409,063 6,271,489 6,137, ,405 PERCENTAGE SHARE (Barrels) 23

24 Table 4 contd. Crude Oil Production by Company, Crude Stream - 2nd Quarter, 2007 CRUDE STREAM Oso UKPOKITI OKONO EA Crude (af) YOHO (af) Qua- Iboe Light (af) Qua-Iboe Light (s-af) Amenam (af) COMPANY Condensate JOINT VENTURE COMPANIES: SHELL MOBIL 4,183, ,169, CHEVRON ELF ,277,631 NAOC/PHILLIPS TEXACO PAN - OCEAN SUB TOTAL 4,183, ,169,684 10,277,631 PROD. SHARING COMPANIES ADDAX ESSO EXP. & PRO. NIG LTD NAE SNEPCO SUB TOTAL SERVICE CONTRACT: AENR SUB TOTAL INDEPENDENTS/SOLE RISK: NPDC/AENR 0 0 2,950, NPDC DUBRI CONOIL EPGA/CONOCO 0 77, AMNI CAVENDISH PETROLEUM ATLAS 0 139, CONTINENTAL OIL MONIPULO NIGER DELTA PET. RESOURCES SUB TOTAL - 217,300 2,950, GRAND TOTAL 4,183, ,300 2,950, ,169, ,277,631 PERCENTAGE SHARE

25 Table 4 contd. Crude Oil Production by Company, Crude Stream - 2nd Quarter, 2007 COMPANY JOINT VENTURE COMPANIES: CRUDE STREAM ESC (af) OSO (af) ABO OBE OKWB BONGA ERHA Total SHELL ,788, MOBIL ,609, CHEVRON 1,307, ,912, ELF ,154, NAOC/PHILLIPS ,687, TEXACO , PAN - OCEAN SUB TOTAL 1,307, ,107, PROD. SHARING COMPANIES ADDAX ,709, ,474, ESSO EXP. & PRO. NIG LTD ,935,787 15,935, NAE 0 0 1,537, ,537, SNEPCO ,027, ,027, SUB TOTAL - 1,537,514-3,709,494 16,027,861 15,935,787 42,975, SERVICE CONTRACT: AENR , SUB TOTAL , INDEPENDENTS/SOLE RISK: NPDC/AENR ,950, NPDC DUBRI CONOIL , EPGA/CONOCO , AMNI , CAVENDISH PETROLEUM ATLAS , CONTINENTAL OIL ,454, MONIPULO ,188, NIGER DELTA PET. RESOURCES , SUB TOTAL ,167, GRAND TOTAL 1,307, ,537, ,709,494 16,027,861 15,935, ,199, PERCENTAGE SHARE PERCENTAGE SHARE 25

26 Monthly Crude Oil Liftings (Domestic & Export) - 2nd Quarter, 2007 (Barrels) Table 5 NNPC LIFTINGS COMPANY **DOMESTIC ALLOCATION EXPORT NNPC TOTAL COMPANY LIFTINGS TOTAL LIFTINGS % DISTRIBUTION JVC : SHELL 11,652,982 3,549,671 15,202,653 14,721,658 29,924,311 *EXXONMOBIL 9,478,857 16,151,115 25,629,972 20,036,286 45,666,258 CHEVRON 12,296,220 5,834,190 18,130,410 13,419,258 31,549,668 ELF 948,764 5,250,999 6,199,763 9,833,101 16,032,864 NAOC/ PHILLIPS 949,920 4,936,340 5,886,260 3,815,291 9,701,551 TEXACO - 948, , ,073 PAN-OCEAN Sub - Total 35,326,743 36,670,388 71,997,131 61,825, ,822, PSC : ADDAX - 7,923,259 7,923,259 1,553,414 9,476,673 SNEPCO - 1,898,074 1,898,074 13,866,659 15,764,733 NAE 684, ,575 1,383, ,856 2,065,706 ESSO EXP&PROD NIG LTD 997, ,525 15,130,913 16,128,438 Sub - Total 1,681,800 10,520,908 12,202,708 31,232,842 43,435, SERVICE CONTRACT: AENR - 728, ,901 1,120,918 1,849,819 AENR (OKONO) Sub - Total - 728, ,901 1,120,918 1,849, INDEPENDENT/SOLE RISK: NPDC ATLAS/SOGW , ,883 TOPCON CAMAC CAVENDISH CONSOLIDATED , ,000 CONTINENTAL ,942,333 2,942,333 DUBRI EPGA/CONOCO/EXPRESS AKRI-OGUTA AMNI , ,616 SHEBAH NPDC/AENR ,695,529 1,695,529 NIG.DELTA PET. RES. LTD , ,000 MONI PULO , ,242 Sub - Total ,265,603 6,265, GRAND-TOTAL 37,008,543 47,920,197 84,928, ,444, ,373, Source: COMD 26

27 Table 6 Nigeria Crude Oil Exports by Destination - 2nd Quarter, 2007 REGION/COUNTRY QUANTITY (bbls) TOTAL % Distribution NORTH AMERICA: Canada 3,111,240 U.S.A 98,236, ,347, SOUTH AMERICA: Argentina - Brazil 12,065,471 Urugay - Peru - Chile - Venezuela - Mexico - Puerto Rico - Virgin Island - 12,065, CARRIBBEAN ISLAND: Virgin Island - - EUROPE: Germany 2,995,394 France 5,771,518 Italy 1,529,180 Netherlands 3,473,296 PORTUGAL 5,344,883 N,WE 947,781 Spain 9,488,066 Sweden - United Kingdom 2,709,255 Switzerland - Scotland - 32,259, ASIA & FAR EAST: Australia - Japan - Singapore - India 19,997,047 Indonesia 1,896,917 Japan - Korea 850,918 Taiwan - China 1,951,131 New Zealand 849,620 Thailand - Israel - 25,545, AFRICA: Ghana 3,234,270 Ivory Coast 1,599,814 Senegal 1,899,930 Mediterranean - Morocco - Equitorial Guinea - Algeria - Cote D'ivore - Cameroun 1,249,275 South Africa 4,379,533 12,362, Others - GRAND-TOTAL 183,580, Source: COMD 27

28 Figure 2: Crude Oil Exports by Destination: 2nd Quarter, 2007 AFRICA 6.73% ASIA & FAR EAST 13.92% EUROPE 17.57% NORTH AMERICA 55.21% SOUTH AMERICA 6.57% 28

29 Table 7 Summary of Gas Production and Utilization Compiled From Company's Monthly Report (mscf) - 2nd Quarter, 2007 COMPANY GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS RE- INJECTED FUEL GAS TO EPCL GAS FOR LPG/NGL AS FEEDSTOCK TO EPCL GAS FOR LNG GAS LIFT GAS FLARED % GAS FLARED JV: SHELL 212,458,032 2,035, ,773,186 1,334, ,877,635 23,437, MOBIL 117,568,468 4,769,000-56,488,900-4,985, ,100 50,914, CHEVRON 48,824,490 2,430, ,595-3,376,691 42,887, ELF 86,621,577 1,849, ,522 20,295, ,500,288-7,584, NAOC 103,321,313 6,543,548 3,578,758 4,977,110 2,077,899 2,305,923 49,667,023 2,971,166 31,199, TEXACO 1,013,784 28, , PAN-OCEAN SUB - TOTAL 569,807,664 17,656, ,595,466 83,095,604 2,077,899 7,420, ,167,311 9,636, ,008, PRODUCTION SHARING COMPANY ADDAX 17,410, , , ,092,133 14,742, SUB - TOTAL 17,410, , , ,092,133 14,742, SOLE RISK/INDEPENDENTS: NPDC 3,927, , ,737, SUB - TOTAL 3,927, , ,737, GRAND-TOTAL 591,145,585 18,267, ,595,466 83,251,338 2,077,899 7,420, ,167,311 11,728, ,487, NOTE: This does not include other indigenious and production sharing companies. 29

30 Table 7a Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Shell GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS LIFT GAS FLARED NAME OF FIELD GAS RE-INJECTED ABIGBORODO ABURA AFIESERE AFREMO AGBAYA AJATITON AJUJU AKONO AMUKPE BATAN BENISEDE EGWA ERIEMU ESCRAVOS BEACH EVWRENI FORCADOS YOKRI 392, , ,143 ISOKO JONES CREEK KANBO KOKORI OBEN 9,372,294 27,983 9,313, ,476 ODIDI OGBOTOBO OGINI OLOMORO/OLEH OPUKUSHI NORTH OPOMOYO OPUAMA OPUKUSHI ORONI OSIOKA OTUMARA OVHOR

31 Table 7a contd. Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Shell NAME OF FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS LIFT GAS FLARED OWEH SAGHARA SAPELE 2,056,546 17,340 1,987, ,194 SEIBOU TUNU UBEFAN UGHELLI EAST 8,122,331 78,260 8,043, UGHELLI WEST UTOROGO 26,222,271 84,700 25,925, ,523 UZERE EAST UZERE WEST WARRI RIVER ADIBAWA 169,445 4, ,386 ADIBAWA N/EAST 93,212 2, ,973 AFAM AGBADA 2,393,064 34,323 52,796-91,100 2,214,845 AHIA 383,073 7, ,616 AKASO 795,728 3, , ,770 ALAKIRI 7,480, ,695 6,893, ,837 APARA ASARITORU ASSA AWOBA N/WEST 155,012 2, ,510 AWOBA 2,549,467 11, ,537,495 BELEMA 1,735,031 21, ,713,088 BELEMA NORTH 11, ,869 BISENI BONNY 34,505, ,451 34,048, ,321 BONNY NORTH 202,916 4, ,323 BUGUMA CREEK CAWTHORNE CHANNEL 4,836,303 23,094 1,444, ,369,133 DIEBU CREEK 171,421 1, ,068 EGBEMA 207,318 5, , GAS RE-INJECTED EGBEMA WEST 275,577 3, ,986

32 Table 7a contd. Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Shell NAME OF FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS RE-INJECTED GAS LIFT GAS FLARED EKULAMA 719,166 12, ,064 ELELENWA 788,527 5,638 2,734-3, ,186 ENWHE ETELEBOU 599,597 8, ,019 GBARAN 1,371,961 9, ,362,881 IMO RIVER 970,314 87, , , ,778 ISIMIRI 469,487 6, ,849 ISU KALAEKULE KOLO CREEK 427,421 2, ,755 KRAKAMA 283,471 6, ,582 MINI NTA 718,650 13, ,859 NEMBE CREEK EAST NEMBE CREEK 2,496,160 88,403 1,798, ,975 NKALI 653,775 44, , , ,173 NUN RIVER 481,997 16, ,405 OBELE 36,471 3, ,413 OBIGBO NORTH 4,461, ,054 1,692,734-2,220, ,245 ODEAMA CREEK 679,606 13, ,345 OGUTA 2,392,446 10,487-1,334,066-1,047,893 ORUBIRI 5,901 1, ,045 OTAMINI 200,949 4, ,417 RUMUEKPE 25, ,805 SANTA BARBARA 828,723 18, , ,386 SANTA BARBARA SOUT SOKU 91,176, ,136 90,720, ,220 UBIE 109,487 6, ,437 UGADA 298,331 3, ,387 UMUECHEM 130,686 3, ,617 TOTAL 212,458,032 2,035, ,773,186 1,334,066 2,877,635 23,437,799 32

33 Table 7b Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Mobil FIELD GAS FOR LPG/NGL AS GAS PRODUCED GAS USED AS FUEL GAS RE-INJECTED FEEDSTOCK TO EPCL GAS LIFT GAS FLARED ASABO 1,383, , ,374, ASASA 4,842, , ,451, EDOP 18,546, , ,824, , ,031, EKU 601, , ENANG 3,139, , ,006, ETIM/ETIMC 8,196, , , ,693, IDOHO 2,139, , ,130, IDOHO-NORTH 359, , INANGA 55, , INIM 2,680, , , ,287, ISOBO 5, , IYAK 58, , IYAK SE 26, , MFEM 1,903, ,903, OSO 38,048, ,501, ,051, ,985, ,511, UBIT 9,398, , ,361, ,990, UNAM 1,739, ,739, USARI 10,981, , ,814, , ,779, UTUE 468, , , YOHO 11,723, , ,561, , AWAWA 1,268, , , TOTAL 117,568, ,769, ,488, ,985, , ,914,

34 Table 7c Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Chevron FIELD GAS PRODUCED GAS FOR LPG/NGL AS GAS USED AS FUEL GAS SOLD TO THIRD PARTIES FEEDSTOCK TO EPCL GAS LIFT GAS FLARED ABITEYE 359,424 36, ,297 UTONANA 384,858 5, ,216 MAKARABA 2,097,601 15, ,513 1,540,982 OPUEKEBA 921, ,366 YORLA SOUTH DIBI 371,138 15, ,302 JISIKE 476, ,901 ROBERKIRI 1,287,239 37, ,249,292 IDAMA 500, ,907 ABIGBORODO BALEMA UNIT JOKKA 6, ,993 BENIN RIVER 1,275,482 35, ,239,967 GBOKODA 123, ,902 OJUMOLE OMURO DELTA SOUTH 3,999,576 18, ,980,921 DELTA 4,446,618 19, ,426,871 ISAN 50,693 11, ,045 WEST ISAN 624, ,141 EWAN 1,495,385 33, , ,026 OKAN 9,064,415 1,188, ,595-7,746,089 MEFA 1,742, ,742,561 MEJI 4,573,428 32, ,540,759 MEREN 6,790, , ,223,671 4,036,220 MEREN2 775, , ,042 OKAGBA 77, ,919 TAPA 986,331 14, ,680 PARABE/EKO 1,870, , ,616,885 MALU 1,653,203 2, ,650,564 MINA 136, ,084 INDA 1,036, ,036,649 MEJO 329, ,620 KITO 26, ,522 OPOLO 1,340,076 58, ,281,863 TOTAL 48,824,490 2,430, ,595 3,376,691 42,887,586 34

35 Table 7d Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Elf GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS RE-INJECTED GAS FOR LNG GAS LIFT GAS FLARED FIELD AGHIGHO OBODO OKPOKO UPOMAMI OBAGI 3,045, EREMA IBEWA OIL 103, OBAGI/EREMA/IBEWA O 5,034, , ,529, ,847 OLO 253,363 25, ,027 IBEWA CONDENSATES 18,380, , ,871, ,949 OBAGI DEEP 3,063, ,063, OBAGI GAS-CAP 5,084, ,084, AFIA 134, ,414 EDIKAN 589,770 18, ,855 IME 53, ,214 ODUDU 674,575 21, ,339 OFON 4,780, , ,578,752 AMENAMKPONO 45,424,193 1,202, ,522 20,295,528 22,952, , TOTAL 86,621,577 1,849, ,522 20,295,528 53,500, ,584,170 35

36 Table 7e Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: NAOC GAS FOR LPG/NGL AS FIELD GAS PRODUCED GAS USED AS FUEL GAS SOLD TO THIRD PARTIES GAS RE-INJECTED FUEL GAS TO EPCL FEEDSTOCK TO EPCL GAS FOR LNG GAS LIFT GAS FLARED EBOCHA FIELDS 9,336,551 1,585, ,751,459 AKRI FIELDS 5,454,285 46, , ,682,968 OBR/OBI FIELDS 70,152,616 3,560,999 1,070,922 4,251,793 2,077,899 2,305,923 49,667,015 2,971,166 4,246,899 OSHI FIELDS 2,120, , ,877,172 KWALE FIELDS 5,900, ,346 2,507, ,660,165 TEBIDABA FIELDS OBAMA FIELDS 2,755, , ,550,841 CLOUGH CREEK FIELDS BENIBOYE FIELDS 9,100 9, OGBAINBIRI FIELDS 835,333 23, ,083 IDU FIELDS 6,756, , ,618,299 TOTAL 103,321,313 6,543,548 3,578,758 4,977,110 2,077,899 2,305,923 49,667,023 2,971,166 31,199,886 36

37 Table 7f Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Texaco GAS PRODUCED GAS USED AS FUEL GAS FLARED FIELD PENNINGTON 38,754 7,007 31,747 NORTH APOI 390,984 7, ,977 FUNIWA 584,046 14, ,213 TOTAL 1,013,784 28, ,937 37

38 Table 7g Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Pan Ocean GAS PRODUCED GAS USED AS FUEL GAS FLARED FIELD ASABORO SOUTH OGHAREFE OLOGBO ONA OSSIOMO TOTAL

39 Table 7h Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: Addax GAS PRODUCED GAS USED AS FUEL GAS RE-INJECTED GAS LIFT GAS FLARED FIELD ADANGA 2,023, ,648 1,174,338 ADANGA SOUTH 1,723, ,723,927 ADANGA SOUTH WEST 437, ,955 AKAM 194,816 13,608-30, ,114 BOGI 23, ,982 EBUGHU 2,121,818 9, ,575 1,893,077 EBUGHU EAST 1,293, ,293,070 EBUGHU NORTH EAST 760, ,294 EBUGHU SOUTH 863, ,731 MIMBO 885, , ,191 UKPAM NORTH ORON 801, ,136 ORON WEST 974, ,980 IZOMBE 896,442 37, , ,830 51,937 OSSU 445, , ,748 OKWORI 3,154,980 78, ,076,106 NDA 808,811 41, ,416 TOTAL 17,410, , ,734 2,092,133 14,742,002 39

40 Table 7i Gas Production and Utilization by Field (mscf) - 2nd Quarter, 2007 Company: NPDC GAS PRODUCED GAS USED AS FUEL GAS FLARED FIELD ABURA OREDO OKONO/OKPOHO 3,927, ,020 3,737,089 TOTAL 3,927, ,020 3,737,089 40

41 Table 8 Refinery Crude Oil Balance: Second Quarter 2007 K RPC P HRC W RPC T OTAL Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels (1) Opening Stock 24, , ,715 2,112,406 28, , ,174 2,497,948 (2) Crude Oil Received 377,309 2,759, ,309 2,759,355 (3) Total Available - (1+2) 24, , ,024 4,871,761 28, , ,483 5,257,303 (4) Crude Oil Processed 494,845 3,646, ,845 3,646,999 (5) Closing Stock - (3-4) 24, , ,179 1,224,762 28, , ,638 1,610,304 (6) Ave. Daily Throughput 5,438 40,077 5,438 40,077 (7) Refinery Processing Capacity/day 110, , , ,000 41

42 Figure 4 Refinery Capacity Utilization (%): Second Quarter

43 Figure 5 Historical Trend of Refinery Capacity Utilization: July 2006 June

44 Figure 6 Crude Oil Receipt Vs Processed: Second Quarter

45 Table 9 Refinery Crude Oil Receipt by Crude Stream: Second Quarter 2007 Crude Type K RPC P HRC W RPC T OTAL Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Bashra Light Bonny Light 377,309 2,759, ,309 2,759,355 Escravos Light Forcados Blend Total 377,309 2,759,355 NIL NIL 377,309 2,759,355 WRPC and KRPC did not receive any crude during this Quarter due to vandalized pipeline at Escravos 45

46 Figure 7 Historical Trend of Crude Oil Receipt: July 2006 June Volume Received mmbbls PHRC 0 Jul-06 Aug-06 Sept-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-06 46

47 Table 10 Crude Oil Processed by Crude Stream: Second Quarter 2007 Crude Type K RPC P HRC W RPC T OTAL Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Bashra Light Bonny Light 494,845 3,646, ,845 3,646,999 Escravos Light Forcados Blend Total 494,845 3,646, ,845 3,646,999 WRPC and KRPC did not process any crude during this Quarter 47

48 Figure 8 Historical Trend of Crude Oil Processed: July 2006 June

49 Table 11 Finished Products from Refineries: Second Quarter 2007 (Metric Tons) Products Actual Evacuation Actual Evacuation Actual Evacuation Actual Evacuation Production by PPMC Production by PPMC Production by PPMC Production by PPMC LPG PMS 1, , ,474 54,636 83, ,941 DPK -64 1,003 53,942 64, ,878 65,808 AGO 1, , ,168 1, , ,921 Fuel Oil , , , ,272 LRS Asphalt 1,811 1,811 VGO -3, ,089 Kero-Solvent K RPC P HRC W RPC TOTAL Interm. Products -22,162 42,831 55,599 20,669 55,599 TOTAL -22,572 4, , ,057 56, , ,352 PHRC received 93, mt of imported PMS for Second Quarter,

50 Figure 9 Refinery Finished Products: Second Quarter

51 Table 12 Refinery Fuel and Loss Statistics: Second Quarter 2007 K RPC P HRC W RPC TOTAL Products Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of (mt) Production (mt) Production (mt) Production (mt) Production Gas 14, , LPG - LPFO 22,574 17, , Coke - AGO R/Fuel 22,574-31, , Gas/LPG Flared 2, , Losses -2 5, , R/Fuel & Loss 22,572 39, ,

52 Table 13 Petroleum Products Distribution by States: Second Quarter 2007 ('000Litres) Products Abia A damawa Akwa- Anambra Bauchi Bayelsa Benue Borno Cross- Delta Ebonyi Edo Ekiti Ibom River LPG Super Gasoline 9, , , , , , , , , , , , , Household Kerosine 1, , , , Aviation Turbine Kero - 1, Auto. Gas Oil 7, , , , , , , , , , Low Pour Fuel Oil 1, , Lubricating Oils , , Greases Pet. Jelly / Waxes Bitumen & Asphalts , , Brake Fluids Special Products Gas Appliances Chemicals Others (SRG) Total 19, , , , , , , , , , , , ,

53 Table 13 Cont d Petroleum Products Distribution by States: Second Quarter 2007 ('000Litres) Products Enugu Gombe Imo Jigawa Kaduna Kano Katsina Kebbi Kogi Kwara Lagos Nasarawa LPG Super Gasoline 11, , , , , , , , , , , , Household Kerosin 1, , , , , , , Aviation Turbine K , , Auto. Gas Oil 7, , , , , , , , Low Pour Fuel Oil 1, , , , Lubricating Oils , , , Greases Pet. Jelly / Waxes Bitumen & Asphalt , Brake Fluids Special Products Gas Appliances Chemicals , Others (SRG) Total 22, , , , , , , , , , , ,

54 Table 13 Cont d Petroleum Products Distribution by States: Second Quarter 2007 ('000Litres) *Ind. Products Niger Ogun Ondo Osun Oyo Plateau Rivers Sokoto Taraba Yobe Zamfara Abuja M arketers Total Liftings Sold LPG , Super Gasoline 47, , , , , , , , , , , , , ,839, Household Kerosi 1, , , , , , , , , Aviation Turbine K , , , Auto. Gas Oil 2, , , , , , , , , , Low Pour Fuel Oil , , , Lubricating Oils , , , Greases Pet. Jelly / Waxes Bitumen & Asphal , Brake Fluids Special Products Gas Appliances Chemicals , Others (SRG) Total 51, , , , , , , , , , , , , ,380,

55 Table 14 Petroleum Products Distribution by Marketing Companies: Second Quarter 2007 NNPC ('000Litres) Products African Conoil Mobil Retail Texaco Total Oando M arketers Independent Total % Distr. Petroleum Outlet Sub-total Marketers Distribution LPG , , Super Gasoline 208, , , , , , , ,266, , ,839, Household Kerosine 12, , , , , , , , , , Aviation Turbine Kero - 14, , , , , , Auto. Gas Oil 23, , , , , , , , , , Low Pour Fuel Oil 1, , , , , , Lubricating Oils 2, , , , , , Greases Pet. Jelly / Waxes Bitumen & Asphalts , , , Brake Fluids Special Products Gas Appliances Chemicals , , , Others (SRG) Total 249, , , , , , , ,713, , ,380, % Market Share Major 55

56 Table 15 Petroleum Products Distribution by Zones: Second Quarter 2007 '000Litres Products South West South East South South North West North East North Central Abuja Total LPG , Super Gasoline 1,010, , , , , , , ,839, Household Kero 12, , , , , , , , Aviation Turbine 63, , , , , , Auto. Gas Oil 76, , , , , , , , Low Pour Fuel O 3, , , , , , Lubricating Oils 6, , , , , , , , Greases Pet. Jelly / Waxes Bitumen & Asphalt 1, , , , Brake Fluids Special Products Gas Appliances Chemicals 6, , Others (SRG) Total 1,183, , , , , , , ,380, % Distributio

57 Figure 10 Petroleum Products Distribution by Zones: Second Quarter 2007 Abuja 6.10% North East 3.83% North Central 9.51% North West 4.98% South West 49.70% South South 22.73% South East 3.15% 57

58 Figure 11 Average Daily Petroleum Products Distribution: Second Quarter Million Litres AGO DPK PMS 5 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 June-07 58

59 Figure 12 Petroleum Products Distribution in Nigeria: Second Quarter 2007 North West: mltrs North Central: mltrs North East: mltrs Abuja: mltrs South West: 1, mltrs South South: mltrs South East: mltrs 59