01. january 200 5 mpi

NIGERIAN NATIONAL PETROLEUM

CORPORATION

Monthly Petroleum Information

JANUARY, 2005

CORPORATE PLANNING AND DEVELOPMENT DIVISION (CPDD)

ii

TABLE OF CONTENTS

Table No. Page No.

Summary .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ... .. .. 1

1. Exploration/Drilling Activities by Company .. .. .. .. .. .. .. .. .. .. ... .. 5

2. Summary of Crude Oil Production Compiled From Companys

Monthly Report .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. .. .. .. ... 7

3. Crude Oil, Gas and Water Production .. .. .. .. .. .. .. .. .. .. .. .. .. 8

4. Crude Oil Production by Company by Crude Stream .. . .. .. .. .. .. 19

5. Monthly Crude Oil Exports .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 20

6. Nigeria Crude Oil Exports by Destination .. .. .. .. .. .. .. .. .. .. .. .. 22

7. Federation Accounts Crude Oil Export Receipts .. .. .. .. .. .. .. .. .. . 24

8. Summary of Gas Production and Utilization Compiled From Companys

Monthly Report .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. 26

9. Gas Production and Utilization by Field.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 28

10. Nigerian Gas Company Gas Sales.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 39

11. Joint Venture Gas Sales Statistics.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 40

12. Refinery Production Returns Crude Oil Balance ... .. .. .. .. .. .. . . .. 41

13. Refinery Production Returns Crude Oil Received ... .. .. .. .. .. . . . .. 45

14. Refinery Production Returns Crude Oil Processed .. .. .. .. .. .. .. .. ... 47

15. Refinery Production Returns Finished Products .. .. .. .. .. .. .. .. .. . 49

16. Refinery Fuel and Loss Statistics .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. 51

17. Domestic Consumption of Petroleum Products by States .. .. .. . .. .. .. .. 52

18. Petroleum Products Distribution by Marketing Company .. .. .. .. .. . . .. 54

19. Distribution of Petroleum by Zones .. .. .. .. .. .. .. .. .. .. .. .. . . ... . 55

Glossary of Terms

1

SUMMARY OF OIL AND GAS INDUSTRY ACTIVITIES FOR THE MONTH OF JANUARY, 2005

1.0 EXPLORATORY/DRILLING ACTIVITIES In January, 2005 seven (7) Oil Producing Companies namely; Mobil, Chevron, NAOC, ELF, Pan Ocean, Addax and NPDC explored and drilled a total number of twenty five (25) wells. Out of these wells nineteen (19) were development, four (4) were appraisals, while the remaining two (2) were Work-over and Exploratory wells respectively. Of these development wells, seven (7) were completed; five (5) were in drilling progress while seven (7) were suspended due to community problems. Out of the four (4) appraisal wells three (3) were abandoned, while one (1) was in drilling stage. Two (2) other wells which were Work-over and exploratory, were in drilling progress. (See Table 1).

2.0 CRUDE OIL AND CONDENSATE

2.1 Production: Total Crude Oil and Condensates produced in January, 2005 were 74,456,221 barrels or 2.402 million barrels per day (mbd). When compared with December, 2004 production of 73,395,382 barrels, there was an increase of 1,060,839 barrels or 1.45%. Of all the Crude Oil and Condensates produced, Bonny Light production was the highest amounting to 15,463,732 barrels or 498,830 barrels per day, which is 20.77% of the total production. Forcados Blend production rank second with 12,779,524 barrels or 412,243 barrels per day, which is 17.16% of the total production. Qua-Iboe Light came third with production figure of 9,446,561 barrels or 304,728 barrels per day, which is 12.69% of the overall production. The production of Oso Condensate amounted to 2,032,274 barrels or 65,557barrels per day, which is 2.73% of the total production. The crude oil streams with their respective production figures; average daily production and percentage share of the total production in descending order are tabulated below. (See Table 3 for details).

CRUDE OIL PRODUCTION BY TYPE Crude Stream Quantity

(barrels) Average Daily Production ( B/D)

Percentage Contribution ( %)

Bonny Light 15,463,732 498,830 20.77 Forcados Blend 12,779,524 412,243 17.16 Qua-Iboe 9,446,561 304,728 12.69 Escravos Light 9,002,501 290,403 12.09 Brass Blend 5,617,210 181,200 7.54 EA Crude (AF) 3,796,209 122,458 5.10 Yoho Light (AF) 3,599,529 116,114 4.83 Amenam (AF) 3,548,459 114,466 4.77 Amenam Blend 2,467,782 79,606 3.31 Oso Condensate 2,032,274 65,557 2.73 Antan Blend 1,875,313 60,494 2.52 Okono 1,710,629 55,182 2.30 Pennington Light 1,707,757 55,089 2.29 ABO 967,042 31,195 1.30 OBE 204,990 6,613 0.28 Ukpokiti 154,610 4,987 0.21 IMA 82,099 2,648 0.11

2.2 Liftings (Domestic and Export): The total Crude Oil and Condensates lifted for domestic purposes and export in January, 2005 was 76,225,124 barrels, which averaged 2.459 barrels per day but only 74,456,221 barrels were produced. The balance of 1,768,903 barrels were taking from the stock. When compared with the total liftings figure of 75,918,112 barrels in December, 2004 the quantity (76,225,124 barrels) lifted in January, 2005 shows an increase of 307,012 barrels or 0.40%.

2

The Joint Venture, Production Sharing, Service Contract and Independent/Sole Risk Oil Companies lifted 40,388,895 barrels or 52.99% of the total liftings for export. NNPC lifted 35,836,229 barrels or 47.01%. NNPC liftings were made up of 24,245,750 barrels exported for Federation Account and 11,590,479 barrels for domestic consumptions. The domestic allocation was made up of 5,983,056 barrels supplied to the local refineries and the balance of 5,607,423 barrels were exported on behalf of PPMC. Out of the 40,388,895 barrels exported by the oil Producing Companies; JVCs exported 34,549,627 barrels or 45.33%, Addax, a PSC, exported 615,245 barrels or 0.81% and Agip Energy and Natural Resources (AENR), a Service Contract Company exported 362,031 barrels or 0.47%. The balance of 4,861,992 barrels or 6.38% were lifted for export by the Independent/Sole Risk Oil Companies.

The lifting of NNPC was low when we consider the Production Sharing ratio of NNPC/JVCs. This was due to JVC alternative funding crude oil production from shell, Mobil and Elf in which the share of NNPC was very small (See Table 4)

2.3 Alternative Funding: In January 2005, 12,334,507 barrels were lifted by NNPC, Shell, Mobil and Elf. The three Companies lifted 10,437,128 barrels or 84.62% while NNPC lifted 1,897,379 barrels or 15.38%. See table below for explanation. Alternative funding crude oil lifting

Crude Stream Beneficiary Quantity (barrels) Percentage Share (%) Shell 3,094,088 76.54 NNPC 948,351 23.46

EA

Sub-Total 4,042,439 Mobil 2,598,693 73.25 NNPC 949,028 26.75

YOHO

Sub-total 3,547,721 Elf 4,744,347 100.00 NNPC - 0.00

AMENAM

Sub-Total 4,744,347 Company 10,437,128 84.62 NNPC 1,897,379 15.38

Total 12,334,507

2.4 Crude Oil Export by Destination: A total volume of 70,242,068 barrels of Crude Oil and Oso condensate were exported in January, 2005 by both NNPC and Oil Producing Companies to the five (5) regions of the world as follows: North America 34,701,552 barrels or 49.4%, Asia and Far East 17,395,040 barrels or 24.76%; Europe 11,081,598 barrels or 15.78%; South America 3,842,911 barrels or 5.47%. The remaining 3,220,967 barrels or 4.59% were exported to some African Countries. (See Table 5).

2.5 Federation Account Crude Oil Export Receipts: A total volume of 24,245,750 barrels of Crude Oil and Oso Condensate were exported in January, 2005 by NNPC at a realizable income of US$1,062.496 million for Federation Account. The export sales reflected an average weighted price of US$43.822 per barrel. When compared with the weighted average of US$39.2016 per barrel for December, 2004, the January, 2005 weighted average price shows an increase of US$4.62 or 11.79% on every barrel of Crude Oil and Oso Condensate exported. (See Table 6a and figure 3a).

3

3.0 NATURAL GAS

3.1 Natural Gas Production and Utilization: In January, 2005, nine (9) Oil Producing companies produced a total of 175.999 billion standard cubic Feet (BSCF) of natural gas. This shows an increase of 1.304 Bscf or 0.75% when compared with 174.695 Bscf produced in December, 2004. Out of the quantity produced, 67.618 Bscf or 38.42% was flared. The balance of 108.380 Bscf or 61.58% was utilized as follows; 44.115 Bscf or 25.07% was sold to third parties including NGC; 36.309 Bscf or 20.63% was re-injected; 17,866 Bscf or 10.15% was meant for LNG sales; 1.668 Bscf or 0.95% and 0.943 Bscf or 0.54% was sold to EPCL as LPG/NGL feedstock and fuel gas respectively. The Oil Producing Companies used 6.586 Bscf or 3.73% as fuel gas and 0.913 Bscf or 0.52% as Gas lift to enhance condensate production. (See Table 7).

3.2 Federal Government Receipts from Gas Export: The sum of US$8.965 million was realized from export sale of 26,251 metric ton of NGL from Mobil by NNPC on behalf of Federal Government. The sale represents Federal Government Equity share in Mobil Joint Ventureship. Similarly, a total sum of US$19.114 million was realized from the export sales of 30.369 million BTU of LNG feedstock. The sale represent Federal Government Equity shares in Shell, Elf and NAOC Joint Ventureship. A total sum of US$28.079 million was realized from Gas export sales. (See table 6b and figure 3b).

3.3 Nigerian Gas Company (NGC) Gas Sales and Transmission: A total volume of 15.8072 Billion Standard Cubic Feet (BSCF) of natural Gas was sold at a realizable price of N724.66 million in January, 2005. However, actual revenue received was N681.002 million. This revenue was part of January, 2005 and previous months outstanding debts.

The Company also transmitted 0.3222 Mscf of natural gas to third parties at a realizable revenue of N22.020 million. The actual revenue received from gas transmission in January, 2005 was N10.290 million. The amount includes outstanding revenue of the previous months. (See Table 8a and 8b).

3.4 Joint Venture Domestic/Export Gas Sales: Shell Petroleum Development company (SPDC) sold 11.256 Billion Standard Cubic Feet of Gas for N146.825 million as a Joint Venture sales (NNPC 55%, shell 30%, Elf 10% and NAOC 5%). (See Table 9a).

3.5 Joint Venture Export Gas Sales: SPDC sold 30.820 BSCF of natural gas as feedstock to

NLNG at a sum of US$19.445 million (See Table 9b). 4.0 REFINERY OPERATIONS 4.1 Crude Oil Balance: The three local refineries (KRPC, PHRC and WRPC) had 327,227 mt of

crude oil as opening stock and received 902,136 mt of crude oil into their systems during the month of January 2005. The total available crude oil, therefore, stood at 1,229,363 mt. Out of this, 757,147 mt of crude oil was processed into petroleum products. The closing stock at the end of the month was 472,216 mt of crude oil. The average throughput for each refinery in metric tons per day was: KRPC 5,950; PHRC 10,861; and WRPC 7,613 (see Table 10); thus leaving their respective capacity utilization for the month as 39.66%, 37.86% and 45.07% respectively. (See figure 5).

4

4.2 Production Returns: The three (3) refineries KRPC, PHRC and WRPC produced 693,550 mt of intermediate and finished products as against a volume of 802,238mt evacuated by PPMC. (See Table 13).

4.3 Refinery Fuel and Loss: The three (3) refineries recorded 62,734 mt of products as

refinery fuel and loss, which was 8.29% of the total refineries production. Out of this refinery fuel and loss statistics, 53,441 mt (7.06%) was used as fuel, while 1,940 mt (0.26%) was flared. The remaining 7,353 mt (0.97%) was recorded as losses (See Table 14).

5.0 DOMESTIC PETROLEUM PRODUCTS DISTRIBUTION AND SALES

The Major and Independent Petroleum Products Marketing Companies distributed a total of 1,101.50 million litres of different petroleum products during the month of January 2005. This showed a decrease of 87.88 million litres or 7.39% when compared with the total volume distributed in December 2004 (1,189.38 million litres). The Major Petroleum Products Marketing Companies sold 651.67 million litres (59.16% of the total sales) of petroleum products, while the Independent Petroleum Products Marketing Companies sold the remaining 448.35 million litres (40.70% of the total sales). In the petroleum products distribution slate, Premium Motor Spirit (PMS) had the highest figure of 764.01 million litres (69.36% of the total) reflecting average daily sales of 24.65 million litres. PMS was followed by Automotive Gas Oil (AGO) with total sales figure of 190.17 million litres (17.26%) averaging 6.13 million litres per day. Dual Purpose Kerosine (DPK) came third in the petroleum products distribution slate with total sales figure of 92.36 million litres (8.39%) giving an average daily sales figure of 2.98 million litres. (See Tables 15, 16 and 17)

5

Table 1

NIGERIA COORDINATES (METRES)

COMPANY

WELL NAME

WELL TYPE

LEASE

NO. EAST NORTH

DATE

SPUDDED

DEPTH REACHED (METRES)

MONTHLY PROGRESS (METRES)

WELL

STATUS

SHELL CawC - 52 Development N/A N/A N/A N/A

3,005.17

3,005.17 Completed

CHOBIE-02 Exploratory N/A N/A N/A 6/3/04 N/A N/A Completed

MOBIL UBIT 61I Development OML 67 628,025.53 27,241.26 12/13/04 N/A N/A Suspended

UBIT 127I Development OML 67 628,082.00 27,141.00 11/22/04 1,792.00 1,792.00 Completed

UBIT 128D Development OML 67 634,597.70 30,309.14 12/7/04 2,004.00 2,004.00 Completed

UBIT 129J Development OML 67 633,499.90 26,937.82 1/13/05 975.00 975.00 Drilling

UBIT 130E Development OML 67 630,444.63 27,731.34 1/19/05 220.00 220.00 Drilling

USARI 29C Development OML70 591,933.30 26,617.89 1/13/05 985.00 985.00 Drilling

USARI 30C Development OML70 591,933.30 26,617.89 1/17/05 117.00 117.00 Drilling

CHEVRON OKAN-100HST1 Development OML90 295,759.35 171,662.20 12/23/04 2484.73 332.84 Completed

OKAN-101H Development OML90 295,760.75 171,663.30 12/6/04 2387.50 1627.33 Completed

MEJI-47H Development OML90 302,365.72 160,311.71 12/30/04 2146.40 2119.27 Completed

MEJI-48H Development OML90 302,368.05 160,312.35 1/3/05 2220.16 2193.95 Completed

GBOKODA - 59H Development OML49 304,215.29 200,962.71 3/9/03 954.02 0.00 Suspended

Exploration/Drilling Activities by Company - January, 2005

6

Table 1 Contd.

NIGERIA COORDINATES (METRES)

COMPANY

WELL NAME

WELL TYPE

LEASE NO. EAST NORTH

DATE

SPUDDED

DEPTH REACHED

(METRES)

MONTHLY PROGRESS (METRES)

WELL

STATUS

NAOC IRRI 2 Workover N/A N/A N/A N/A 4305.00 4305.00 Drilling

OGBOINBIRI 10 Development N/A N/A N/A 12/20/04 3400.00 3400.00 Completed

ELF AMKP1-24 Development OML99 N/A N/A N/A 3430.00 3430.00 Drilling

AMKP1-27 Development OML99 N/A N/A N/A 4485.00 4485.00 Suspended

PAN OCEAN ERIMWINDU 1 Exploratory OML98 360,106.91 244,585.30 12/7/04 2938.90 359.70 Drilling

ADDAX ORW-2A Appraisal OML 123 43,828.30 645,379.30 12/28/04 2097.00 1868.00 Abandoned

ORW-2AST1 Appraisal OML 123 43,828.30 645,379.30 1/10/05 2288.00 1509.00 Abandoned

ORW-2AST2 Appraisal OML 123 43,828.30 645,379.30 1/14/05 2309.00 1531.00 Abandoned

NOR-3A Appraisal OML 123 46,785.30 649,900.90 1/30/05 124.00 99.00 Drilling

OK-10 Development OPL-90/225 426,636.10 274,101.60 11/30/04 3795.00 2300.00 Suspended

OK-9ST1 Development OPL-90/225 426,396.70 274,076.30 12/13/04 2465.00 0.00 Suspended

OK-8 ST1 Development OPL-90/226 426,907.90 274,099.50 7/31/04 3293.00 0.00 Suspended

NPDC ABURA - 10 Development OML65 376,705.52 158,255.00 9/24/04 3763.37 0.00 Suspended

NAOC IRRI 2 Workover N/A N/A N/A N/A 4305.00 4305.00 Drilling

Exploration/Drilling Activities by Company - January, 2005

7

Table 2

CRUDE OIL PRODUCTION COMPANY

NUMBER OF WELLS bbls m3

DAILY AVERAGE (BARREL)

% OF TOTAL PRODUCTION

JOINT VENTURE COMPANIES: SHELL 704 24,486,867 3,893,094 789,899 36.15 MOBIL N/A 15,090,179 2,399,142 486,780 22.28 CHEVRON 285 10,532,523 1,674,534 339,759 15.55 ELF 139 7,140,000 1,135,167 230,323 10.54 NAOC 229 5,791,706 920,806 186,829 8.55 TEXACO 38 490,104 77,920 15,810 0.72 PAN-OCEAN 29 679,589 108,046 21,922 1.00 Sub Total 1,424 64,210,968 10,208,709 2,071,322 94.79 PROD. SHARING COMPANIES: ADDAX 64 1,582,437 251,587 51,046 2.34Sub Total 64 1,582,437 251,587 51,046 2.34INDEPENDENTS/SOLE RISK NPDC 17 1,944,167 309,097 62,715 2.87 Sub Total 17 1,944,167 309,097 62,715 2.87 GRAND- TOTAL 1,505 67,737,572 10,769,393 2,185,083 100.00

NOTE: This does not include information from other nine (9) indigenious and production sharing companies. Also, the figures are primary data (not fiscalised) and therefore might not completely tally with figures in Table 3.

Summary of Crude Oil Production by Field Compiled from Major Producing Companies Monthly Report January

2005

8

Table 2a

QTY. OF OIL PRODUCED

QTY. OF GAS PRODUCED

QTY. OF WATER PRODUCED NAME OF FIELD

NUMBER OF

WELL bbls m3 mscf m3 bbls m3 API

GRAVITY GAS/OIL RATIO

ABURA 4 126,794 20,159 112,226 3,177,887 33,759 5,367 44.12 157.64 AFIESERE 22 332,221 52,819 134,964 3,821,755 1,098,762 174,689 20.4 72.36 AFREMO 3 195,823 31,133 102,110 2,891,434 139,621 22,198 35.6 92.87 AGBAYA 1 88,884 14,131 87,355 2,473,618 99,857 15,876 43.18 175.04 AKONO 1 12,945 2,058 8,320 235,596 79,499 12,639 45.82 114.47 AMUKPE 1 9,424 1,498 4,129 116,920 29,644 4,713 41.57 78.04 BATAN 7 197,476 31,396 210,049 5,947,926 294,397 46,805 20.4 189.45 BENISEDE 13 616,381 97,997 416,763 11,801,415 600,940 95,542 22.01 120.43 EGWA 13 214,670 34,130 562,013 15,914,438 303,023 48,177 28.59 466.29 ERIEMU 10 149,020 23,692 327,947 9,286,426 355,371 56,499 22.34 391.96 ESCRAVOS BEACH 9 232,321 36,936 171,856 4,866,421 221,236 35,174 27.82 131.75 EVWRENI 1 54,048 8,593 97,326 2,755,966 49,179 7,819 25.69 320.72 FORCADOS YOKRI 39 1,543,578 245,409 586,861 16,618,055 928,563 147,629 25.85 67.72 ISOKO 3 79,336 12,613 18,222 515,990 227,674 36,197 28.51 40.91 JONES CREEK 20 505,225 80,324 411,740 11,659,180 937,597 149,066 28.21 145.15 KANBO 9 957,550 152,238 424,743 12,027,384 211,889 33,688 33.33 79.00 KOKORI 26 531,733 84,539 211,148 5,979,046 1,246,290 198,144 34.7 70.73 OBEN 9 40,127 6,380 2,059,428 58,316,514 140,608 22,355 46.13 9,140.99 ODIDI 20 537,606 85,472 1,275,994 36,132,131 408,496 64,946 32.55 422.73 OGBOTOBO 9 332,288 52,829 296,180 8,386,885 584,365 92,906 25.80 158.75 OGINI 8 200,002 31,798 9,661 273,569 470,937 74,873 17.40 8.60 OLOMORO/OLEH 29 465,840 74,063 207,408 5,873,141 1,202,148 191,126 22.51 79.30 OPUKUSHI NORTH 4 153,814 24,454 116,004 3,284,868 265,253 42,172 32.74 134.33 OPOMOYO 1 249,824 39,719 378,010 10,704,052 89,734 14,267 45.82 269.50 OPUAMA 1 64,023 10,179 20,117 569,650 30,658 4,874 45.41 55.96 OPUKUSHI 13 762,820 121,278 720,659 20,406,793 852,884 135,597 28.64 168.26 ORONI 4 56,399 8,967 47,205 1,336,697 91,248 14,507 22.59 149.07 OTUMARA 26 936,695 148,922 514,636 14,572,870 565,900 89,971 26.82 97.86 OVHOR 6 433,314 68,891 57,128 1,617,685 265,323 42,183 47.02 23.48

Crude oil, Gas and Water Production - January, 2005 Company: Shell

9

Table 2a Contd.

QTY. OF OIL PRODUCED

QTY. OF GAS PRODUCED

QTY. OF WATER PRODUCED NAME OF FIELD

NUMBER OF

WELL bbls m3 mscf m3 bbls m3 API

GRAVITY GAS/OIL RATIO

OWEH 9 94,907 15,089 23,010 651,571 415,008 65,981 25.43 43.18 SAGHARA 3 103,240 16,414 57,488 1,627,879 98,005 15,582 31.50 99.18 SAPELE 9 76,474 12,158 279,052 7,901,874 205,135 32,614 34.16 649.91 TUNU 11 472,773 75,165 345,600 9,786,303 215,865 34,320 33.84 130.20

UGHELLI EAST 8 145,530 23,137 1,526,282 43,219,498 728,695 115,853 31.11 1,867.95

UGHELLI WEST 9 141,878 22,557 56,170 1,590,557 485,036 77,114 20.82 70.51

UTOROGO 14 152,465 24,240 5,209,161 147,507,031 117,310 18,651 35.15 6,085.29

UZERE EAST 7 137,039 21,787 43,745 1,238,721 461,721 73,408 21.01 56.85

UZERE WEST 10 118,794 18,887 144,641 4,095,778 257,427 40,928 23.57 216.86

ADIBAWA 11 155,918 24,789 126,798 3,590,520 262,354 41,711 24.75 144.84

ADIBAWA N/EAST 2 154,183 24,513 142,532 4,036,057 24,379 3,876 27.57 164.65

AGBADA 23 862,947 137,197 353,649 10,014,226 264,841 42,106 23.08 72.99

AHIA 4 55,274 8,788 34,942 989,447 15,778 2,508 36.06 112.59

AKASO 5 462,766 73,574 994,445 28,159,550 50,956 8,101 39.98 382.74

ALAKIRI 4 38,422 6,109 929,380 26,317,114 56,160 8,929 50.04 4,308.21

AWOBA N/WEST 1 131,189 20,857 69,530 1,968,871 17,372 2,762 27.78 94.40

AWOBA 7 929,142 147,721 1,240,121 35,116,320 187,649 29,834 43.91 237.72

BELEMA 2 568,398 90,368 348,362 9,864,514 3,263 519 31.82 109.16

BONNY 11 119,163 18,945 6,613,999 187,287,618 119,497 18,998 27.80 9,885.67

BONNY NORTH 1 170,740 27,145 103,009 2,916,890 92 15 36.95 107.45

CAWTHORNE CHANNEL 18 1,761,549 280,063 2,644,652 74,888,214 566,910 90,131 38.54 267.40

DIEBU CREEK 8 388,163 61,713 365,089 10,338,170 122,992 19,554 39.74 167.52

EGBEMA 2 49,686 7,899 22,114 626,199 7,494 1,191 41.73 79.27

EKULAMA 18 544,598 86,584 634,515 17,967,466 522,587 83,085 28.28 207.51


10

Table 2a Contd.

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED NAME OF FIELD

NUMBER OF WELL bbls m3 mscf m3 bbls m3

API GRAVITY

GAS/OIL RATIO

ELELENWA 3 284,705 45,264 57,869 1,638,668 23,052 3,665 39.39 36.20 ETELEBOU 8 200,524 31,881 230,204 6,518,652 192,486 30,603 33.12 204.47 GBARAN 2 141,544 22,504 476,657 13,497,425 84,304 13,403 33.25 599.79 IMO RIVER 31 803,767 127,789 301,492 8,537,304 1,027,779 163,403 31.5 66.81 ISIMIRI 4 69,466 11,044 96,458 2,731,387 39,904 6,344 26.9 247.31 KOLO CREEK 3 118,903 18,904 224,154 6,347,335 58,940 9,371 39.11 335.77 KRAKAMA 4 146,903 23,356 122,806 3,477,479 99,792 15,866 30.96 148.89 MINI NTA 7 403,928 64,219 309,759 8,771,399 48,213 7,665 37.34 136.59 NEMBE CREEK EAST 1 20,424 3,247 128,598 3,641,490 11 2 37.35 1,121.44 NEMBE CREEK 26 1,738,350 276,375 1,135,509 32,154,038 1,248,973 198,570 29.14 116.34 NKALI 4 88,031 13,996 362,581 10,267,152 27,210 4,326 40.41 733.59 NUN RIVER 5 256,932 40,849 253,540 7,179,454 287,455 45,702 24.94 175.76 OBELE 2 44,276 7,039 17,245 488,324 5,475 870 24.2 69.37 OBIGBO NORTH 30 882,768 140,349 1,352,551 38,299,984 386,395 61,432 25.68 272.89 ODEAMA CREEK 4 122,803 19,524 78,654 2,227,234 127,819 20,322 32.03 114.08 OGUTA 12 124,726 19,830 441,670 12,506,703 35,489 5,642 42.62 630.70 ORUBIRI 2 65,343 10,389 135,657 3,841,379 15,196 2,416 29.59 369.77 RUMUEKPE 1 9,911 1,576 5,571 157,753 7,366 1,171 29.30 100.11 SANTA BARBARA 4 190,111 30,225 146,873 4,158,981 67,885 10,793 30.66 137.60 SANTA BARBARA SOUTH 1 4,906 780 7,929 224,524 15,523 2,468 37.80 287.86 SOKU 30 678,228 107,829 17,146,121 485,524,136 219,271 34,861 98.38 4,502.71 UBIE 4 72,073 11,459 115,340 3,266,065 34,111 5,423 34.21 285.03 UMUECHEM 3 88,891 14,133 116,464 3,297,894 101,581 16,150 37.19 233.36 TOTAL 704 24,486,867 3,893,094 57,105,481 1,617,047,340 21,194,453 3,369,642 415.36

NOTE: Total Oil Produced includes Condensate production.


11

Table 2b

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED NAME OF FIELD bbls m3 mscf m3 bbls m3

API GRAVITY

GAS/OIL RATIO

ADUA 315,264.00 50,122.88 771,505.65 21,846,609.77 201,167.00 31,982.94 31.00 435.86 ASASA 1,156,878.00 183,928.56 1,409,617.89 39,915,938.35 1,323.00 210.34 36.00 217.02 EDOP 1,218,886.00 193,787.03 3,817,789.33 108,107,767.79 30,461.00 4,842.90 36.00 557.87 EKPE 201,381.00 32,016.96 810,268.31 22,944,246.19 204,275.00 32,477.07 31.00 716.63 EKPE WW 159,688.00 25,388.32 289,893.68 8,208,875.85 47,531.00 7,556.81 31.00 323.33 EKU 246,297.00 39,158.02 366,536.18 10,379,150.03 7,843.00 1,246.94 32.00 265.06 ENANG 628,714.00 99,957.35 718,831.13 20,355,033.28 80,265.00 12,761.09 32.30 203.64 ETIM/ETIMC 915,575.00 145,564.52 1,514,784.41 42,893,922.92 52,886.00 8,408.19 36.20 294.67 IDOHO 780,599.00 124,105.09 1,009,320.20 28,580,768.71 90,441.00 14,378.94 37.20 230.29 INANGA 192,932.00 30,673.68 145,987.94 4,133,918.60 81,000.00 12,877.95 37.20 134.77 INIM 307,597.00 48,903.92 232,354.16 6,579,537.90 112,992.00 17,964.26 32.30 134.54 ISOBO 61,147.00 9,721.58 18,784.22 531,909.94 573.00 91.10 32.00 54.71 IYAK 35,131.00 5,585.37 25,944.06 734,654.06 27,357.00 4,349.41 37.20 131.53

MFEM 89,857.00 14,286.09 139,569.79 3,952,176.81 1,379.00 219.24 32.00 276.65 OSO 2,032,274.00 323,105.15 15,937,904.21 451,311,242.83 160,768.00 25,560.02 49.00 1,396.79 UBIT 1,428,670.00 227,139.96 1,737,187.68 49,191,682.96 141,018.00 22,420.03 32.00 216.57 UNAM 411,267.00 65,386.11 173,459.68 4,911,831.74 19,155.00 3,045.40 32.00 75.12 USARI 1,189,081.00 189,048.42 2,515,041.64 71,218,056.86 269,257.00 42,808.36 31.40 376.72 UTUE 91,237.00 14,505.50 162,646.68 4,605,641.64 63,102.00 10,032.40 34.20 317.51 YOHO 3,611,344.00 574,156.75 3,238,040.00 91,691,092.97 182,408.00 29,000.50 38.90 159.70 TOTAL 15,090,179.00 2,399,142.29 35,041,388.08 992,261,730.05 1,775,201.00 282,233.88 413.59

Crude oil, Gas and Water Production - January, 2005 Company: Mobil

12

Table 2c



API GRAVITY

GAS/OIL RATIO

ABITEYE 7 90,847 14,443 114,424 3,240,127 114,971 18,279 37.30 224.33 UTONANA 1 13,428 2,135 94,696 2,681,492 14 2 39.00 1256.04 JISIKE 4 167,657 26,655 170,745 4,834,961 51,746 8,227 33.70 181.39 ROBERKIRI 12 644,997 102,546 1,122,912 31,797,331 228,424 36,316 33.50 310.08 IDAMA 4 250,714 39,860 185,856 5,262,856 27,046 4,300 30.80 132.03 BALEMA UNIT 1 51,156 8,133 - - - - 0.00 0.00 JOKKA 1 3,187 507 3,086 87,386 1,366 217 19.50 172.46 DELTA SOUTH 18 1,204,375 191,480 1,584,344 44,863,631 224,155 35,638 38.20 234.30 DELTA 20 834,507 132,676 2,257,970 63,938,598 337,014 53,581 36.60 481.92 ISAN 4 58,379 9,282 104,035 2,945,943 38,271 6,085 37.80 317.40 WEST ISAN 2 11,994 1,907 112,601 3,188,506 41,699 6,630 36.90 1672.10 EWAN 13 504,807 80,258 85,417 2,418,740 98,917 15,727 20.00 30.14 OKAN 53 1,328,873 211,274 6,145,646 174,025,336 380,218 60,450 37.20 823.70 MEFA 10 286,420 45,537 1,062,954 30,099,509 93,818 14,916 38.20 660.99 MEJI 32 1,652,032 262,652 1,588,316 44,976,106 731,539 116,305 31.70 171.24 MEREN 57 2,044,221 325,005 2,291,365 64,884,239 1,533,208 243,760 29.06 199.64 OKAGBA 1 8,413 1,338 12,142 343,823 76 12 38.80 257.05 TAPA 3 17,236 2,740 80,792 2,287,775 14,450 2,297 28.40 834.86 PARABE/EKO 14 167,419 26,617 689,048 19,511,669 215,071 34,193 39.60 733.04 MALU 13 338,933 53,886 874,463 24,762,038 108,999 17,329 38.50 459.53 INDA 5 488,285 77,631 299,206 8,472,571 204,971 32,588 45.20 109.14 MEJO 3 140,886 22,399 43,279 1,225,525 10,509 1,671 25.50 54.71 KITO 1 8,138 1,294 1,252 35,453 1,667 265 26.60 27.40 OPOLO 4 203,183 32,303 265,968 7,531,376 169,432 26,937 38.00 233.14 TOTAL 285 10,532,523 1,674,534 19,203,039 543,769,575 4,639,897 737,683 324.73

Crude oil, Gas and Water Production - January, 2005 Company: Chevron

13

Table 2d



API GRAVITY

GAS/OIL RATIO

EREMA

4

34,666

5,511

25,364

718,230.00

103,130

16,394 32.44

130.32

OBAGI

61

629,020

100,006

1,265,712

35,840,990.00

1,246,320

198,126 32.44

358.39

OLO

4

62,567

9,947

119,882

3,394,670.00

155,320

24,691 32.44

341.27

IBEWA CONDENSATES

-

-

-

-

-

-

- 0 #DIV/0!

IBEWA

8

277,263

44,081

4,492,922

127,225,390.00

-

- 32.44

2,886.16

OBAGI DEEP

1

118,540

18,846

1,678,935

47,542,140.00

-

- 32.44

2,522.62

OBAGI GAS-CAP

1

-

-

149,677

4,238,380.00

-

- 32.44

-

AFIA

7

169,310

26,918

52,319

1,481,500.00

373,730

59,411 39.48

55.04

EDIKAN

7

421,768

67,056

314,551

8,907,090.00

84,301

13,401 39.48

132.83

IME

7

257,293

40,906

99,605

2,820,500.00

429,297

68,245 39.48

68.95

ODUDU

5

54,144

8,608

314,690

8,911,040.00

206,540

32,833 39.48

1,035.19

OFON

16

1,565,267

248,857

1,641,843

46,491,830.00

39,592

6,294 39.48

186.82

AMENAMKPONO

18

3,550,162

564,430

11,193,696

316,970,200

110,686

17,596 39.48

561.58

TOTAL 139

7,140,000

1,135,167

21,349,195

604,541,960.00

2,748,915

436,991

532.56

Crude oil, Gas and Water Production - January, 2005 Company: Elf

14

Table 2e



API GRAVITY

GAS/OIL RATIO

AFUO 2 137321 21,832 83,341 2,359,955 31,069 4,940 28.00 108.09 AGWE 2 13,488 2,144 540,614 15,308,486 275 44 53.70 7,138.76 AKRI 10 212,027 33,710 1,743,368 49,366,690 37,941 6,032 41.90 1,464.47 AZUZUAMA 2 13,184 2,096 2,607 73,822 52,739 8,385 36.50 35.22 BENIBOYE 9 216,790 34,467 522,789 14,803,738 248,206 39,462 26.00 429.51 BENIKU 2 96,725 15,378 63,465 1,797,129 3,813 606 44.10 116.86 CLOUGH CREEK 9 135,315 21,513 73,813 2,090,152 147,881 23,511 34.40 97.16 EBEGORO 6 161,029 25,602 825,515 23,375,984 12,900 2,051 34.30 913.07 EBOCHA 19 297,580 47,311 3,226,300 91,358,653 371,470 59,059 31.10 1,931.01 IDU 11 593,473 94,354 1,398,691 39,606,523 160,327 25,490 35.50 419.76 KWALE 13 150,536 23,933 3,426,003 97,013,613 45,783 7,279 35.80 4,053.50 MBEDE 24 339,630 53,997 5,635,066 159,567,319 236,417 37,587 40.60 2,955.13 NIMBE SOUTH 2 333,796 53,069 78,554 2,224,402 19,800 3,148 18.10 41.92 OBAMA 12 259,286 41,223 801,266 22,689,329 565,358 89,885 29.80 550.40 OBIAFU 34 597,358 94,972 9,801,248 277,540,469 219,377 34,878 41.80 2,922.34 OBRIKOM 12 164,876 26,213 2,150,584 60,897,765 76,965 12,236 38.50 2,323.18 OGBAINBIRI 9 500,530 79,578 525,671 14,885,347 213,248 33,904 29.20 187.05 OGBOGENE 2 81,153 12,902 16,656 471,645 4,404 700 30.60 36.56 OKPAI 7 80,271 12,762 562,622 15,931,683 10,734 1,707 43.00 1,248.36 OMOKU WEST 1 27,499 4,372 229,335 6,494,045 51,069 8,119 35.30 1,485.38 OSHI 16 389,586 61,939 3,600,094 101,943,322 231,715 36,840 32.50 1,645.86 PIRIGBENE 3 44,626 7,095 84,296 2,386,997 119,011 18,921 25.30 336.44 SAMABIRI EAST 7 347,519 55,251 480,708 13,612,136 7,659 1,218 35.70 246.37 TEBIDABA 12 515,078 81,891 820,690 23,239,356 161,855 25,733 27.20 283.79 UMUORU 3 83,030 13,201 75,405 2,135,232 50,323 8,001 27.60 161.75 TOTAL 229 5,791,706 920,806 36,768,701 1,041,173,791 3,080,339 489,734 1,130.72

Crude oil, Gas and Water Production - January, 2005 Company: NAOC

15

Table 2f

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED

NAME OF FIELD


API GRAVITY

GAS/OIL RATIO

PENNINGTON

6

44,000

6,995

77,590

2,197,104

87,753

13,952 35.60

314.08

NORTH APOI

17

174,950

27,815

205,661

5,823,672

211,674

33,653 28.70

209.37

FUNIWA

15

271,154

43,110

374,391

10,601,574

262,827

41,786 33.60

245.92

TOTAL 38

490,104

77,920

657,642

18,622,350

562,254

89,391

238.99

Crude oil, Gas and Water Production - January, 2005 Company: Texaco

16

Table 2g

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER PRODUCED

NAME OF FIELD


API GRAVITY

GAS/OIL RATIO

ASABORO SOUTH 5

112,816

17,936

82,163.00

2,326,597.35

10,578

1,682 46.80

129.71

OGHAREFE 10

143,817

22,865

271,579.00

7,690,261.81

34,911

5,550 45.20

336.33

OLOGBO 7

242,248

38,514

1,123,475.00

31,813,273.05

67,878

10,792 49.90

826.01

ONA 2

32,479

5,164

30,173.00

854,404.32

8,594

1,366 52.90

165.46

OSSIOMO 5

148,229

23,566

669,652.00

18,962,435.24

2,375

378 51.80

804.64

TOTAL 29

679,589

108,046

2,177,042.00

61,646,971.76

124,336

19,768

570.56

Crude oil, Gas and Water Production - January, 2005 Company: Pan Ocean

17

Table 2h

QTY. OF OIL PRODUCED QTY. OF GAS PRODUCED QTY. OF WATER

PRODUCED NAME OF FIELD


API GRAVITY

GAS/OIL RATIO

ADANGA 6

101,265

16,100

366,042

10,365,156

-

- 31.55

643.81

ADANGA SOUTH 9

558,601

88,810

498,223

14,108,106

23,144

3,680 31.55

158.86

ADANGA SOUTH WEST 3

119,999

19,078

228,919

6,482,265

24,894

3,958 31.55

339.77

AKAM 6

24,417

3,882

203,293

5,756,617

207,388

32,972 33.75

1,482.91

BOGI 1

18,430

2,930

9,089

257,372

12,393

1,970 22.18

87.84

EBUGHU 10

111,943

17,797

532,978

15,092,258

82,230

13,074 22.18

848.00

EBUGHU EAST 4

132,166

21,013

41,186

1,166,258

99,601

15,835 22.18

55.50

EBUGHU NORTH EAST 6

178,084

28,313

326,067

9,233,190

151,637

24,108 31.55

326.11

EBUGHU SOUTH 2

132,767

21,108

117,592

3,329,835

16,656

2,648 22.18

157.75

MIMBO 2

11,111

1,767

224,769

6,364,750

4,687

745 32.15

3,603.02

NORTH ORON 1

25,577

4,066

9,969

282,291

908

144 25.60

69.42

ORON WEST 1

69,900

11,113

315,060

8,921,507

-

- 36.80

802.79

IZOMBE 9

58,012

9,223

297,336

8,419,619

249,590

39,682 37.99

912.88

OSSU 4

40,165

6,386

218,222

6,179,360

250,564

39,836 37.99

967.69

TOTAL 64

1,582,437

251,587

3,388,745

95,958,584

1,123,692

40,609

381.41

Crude oil, Gas and Water Production - January, 2005 Company: Addax

18


NUMBER OF

WELL bbls m3 mscf m3 bbls m3

API GRAVIT

Y GAS/OIL RATIO

ABURA 3

130,000

20,668

93,750

2,654,705

40,000

6,359 0

128.44

OREDO 3

60,514

9,621

132,160

3,742,355

12,562

1,997 0

388.98

OZIENGBE S. 2

40,939

6,509

84,000.00

2,378,615.40

7,542

1,199 0

365.45

OKONO/OKPOHO 9

1,712,714

272,299

1,452,610.00

41,133,339.48

854

136 41.5

151.06

TOTAL 17

1,944,167

309,097

1,762,520

49,909,014

60,958

9,692 161.47

Crude oil, Gas and Water Production - January, 2005 Company: NPDC

Table 2i

19

Table 3

CRUDE STREAM

COMPANY Forcados

Blend Bonny Light

Brass Blend

Escravos Light

Pennington Light

Antan Blend

Amenam Blend IMA

Qua- Iboe Light

Oso Condensate UKPOKITI OKONO

EA Crude (af)

YOHO (af)

Amenam (af) ABO OBE Total

PERCENTAGE SHARE

JOINT VENTURE COMPANIES:

SHELL 11,685,260 12,901,012 -

3,796,209 28,382,481 38.12

MOBIL 9,446,561 2,032,274 3,599,529 15,078,364 20.25

CHEVRON 0 1,438,339 167,657 8,926,527 10,532,523 14.15

ELF 0 1,124,381 2,467,782

3,548,459 7,140,622 9.59

NAOC/PHILLIPS 216,578 5,035,620 5,252,198 7.05

TEXACO 490,103 490,103 0.66

PAN - OCEAN 656,485 656,485 0.88

SUB TOTAL 12,558,323

15,463,732

5,203,277

8,926,527

490,103

-

2,467,782

-

9,446,561

2,032,274

-

-

3,796,209

3,599,529

3,548,459

-

-

67,532,776 90.70

PROD. SHARING COMPANIES

ADDAX 105,918

1,476,360 1,582,278 2.13

SUB TOTAL -

-

105,918

-

-

1,476,360

-

-

-

-

-

-

-

-

-

-

-

1,582,278 2.13

SERVICE CONTRACT:

AENR 308,015 308,015 0.41

NAE 967,042 967,042 1.30

SUB TOTAL -

-

308,015

-

-

-

-

-

-

-

-

-

-

-

-

967,042

-

1,275,057 1.71

INDEPENDENTS/SOLE RISK:

NPDC/AENR 1,710,629 1,710,629 2.30

NPDC 221,201 221,201 0.30

DUBRI 9,806 9,806 0.01

CONOIL 66,168 66,168 0.09

EPGA/CONOCO 143,047 143,047 0.19

AMNI 82,099 82,099 0.11

CAVENDISH PETROLEUM

204,990 204,990 0.28

ATLAS 11,563 11,563 0.02

CONTINENTAL OIL

-

1,217,654 1,217,654 1.64

MONIPULO 398,953 398,953 0.54

SUB TOTAL 221,201

-

-

75,974

1,217,654

398,953

-

82,099

-

-

154,610

1,710,629

-

-

-

-

204,990

4,066,110 5.46

GRAND TOTAL 12,779,524 15,463,732 5,617,210 9,002,501 1,707,757 1,875,313 2,467,782 82,099 9,446,561 2,032,274 154,610 1,710,629 3,796,209 3,599,529 3,548,459 967,042 204,990 74,456,221 100.00 PERCENTAGE SHARE 17.16 20.77 7.54 12.09 2.29 2.52 3.31 0.11 12.69 2.73 0.21 2.30 5.10 4.83 4.77 1.30 0.28 100.00

Crude Oil Production by Company, Crude Stream (Provisional ) - January, 2005

20

Table 4

NNPC LIFTING COMPANY **DOMESTIC ALLOCATION EXPORT NNPC TOTAL COMPANY LIFTINGS TOTAL LIFTINGS % DISTRIBUTION

JVC : SHELL 5,977,059 8,431,830 14,408,889 10,618,913 25,027,802 *EXXONMOBIL 1,854,238 7,408,804 9,263,042 5,582,858 14,845,900 CHEVRONTEXACO 3,759,182 1,896,221 5,655,403 4,959,859 10,615,262 ELF - 949,144 949,144 9,963,778 10,912,922 NAOC/ PHILLIPS - 3,919,793 3,919,793 3,424,219 7,344,012 PAN-OCEAN - 698,940 698,940 - 698,940 Sub Total 11,590,479 23,304,732 34,895,211 34,549,627 69,444,838 91.10 PSC : ADDAX - 941,018 941,018 615,245 1,556,263 Sub Total - 941,018 941,018 615,245 1,556,263 2.04 SERVICE CONTRACT: AENR - - - 362,031 362,031 Sub Total - - - 362,031 362,031 0.47 INDEPENDENT/SOLE RISK: NPDC - - - 1,096,384 1,096,384

CAVENDISH -

- - 196,828 196,828

CONSOLIDATED -

- - 60,000 60,000

CONTINENTAL -

- - 1,148,292 1,148,292 DUBRI - 15,000 15,000 EPGA/CONOCO/EXPRESS - 104,633 104,633

NIGERIAN AGIP EXPLORATION -

- - 690,115 690,115 SHEBAH - 325,367 325,367 SNEPCO - 699,948 699,948

MONI PULO -

- - 525,425 525,425

Sub Total -

- - 4,861,992 4,861,992 6.38 GRAND-TOTAL 11,590,479 24,245,750 35,836,229 40,388,895 76,225,124 100.00

Source: COMD *Mobil Lifting includes 1,830,542 bbls of Oso Condensate. **5,983,056 bbls were supplied to the Refineries.

Monthly Crude Oil Liftings (Domestic & Export) - January, 2005

21

TOTAL LIFTINGS

NNPC 47.01%

PSC/INDEPENDENTS/SOLE RISK/SERVICE

CONTRACT7.66%

JVC45.33%

JVCs AND NNPC LIFTINGS

NNPC LIFTING50.914%

JVC LIFTING49.086%

Figure 1:

Monthly Crude Oil Liftings Pie Charts: January, 2005

22

REGION/COUNTRY QUANTITY (bbls) % Distribuion NORTH AMERICA: Canada 4,099,407 U.S.A 30,602,145 SUB-TOTAL: North America 34,701,552 49.40 SOUTH AMERICA: Brazil 3,368,203 Urugay 474,708 SUB-TOTAL: South America 3,842,911 5.47 EUROPE: Italy 1,353,222 Netherlands 2,891,679 Portugal 1,259,397 Spain 5,577,300 SUB-TOTAL: Europe 11,081,598 15.78 ASIA & FAR EAST: Japan 2,052,020 India 8,884,405 Indonesia 1,854,091 Korea 1,897,466 China 2,707,058 SUB-TOTAL: Asia & Far East 17,395,040 24.76 AFRICA: Ivory Coast 2,142,282 Senegal 648,685 Cameroun 430,000 SUB-TOTAL: Africa 3,220,967 4.59 GRAND-TOTAL 70,242,068 100.00

Source: COMD

Nigeria Crude Oil Exports by Destination - January, 2005. Table 5

23

0

5

10

15

20

25

30

35

m

b

b

l

s

NORTH AMERICA SOUTH AMERICA EUROPE ASIA & FAR EAST AFRICARegion

Figure 2:

Crude Oil Exports by Destination: January, 2005

24

Table 6a

Crude type Quantity

(bbls) Proceeds (US Dollars)

Average Weighted price US Dollar/Barrel

Forcados Blend 6,167,003 267,742,776.90 43.4154 Qua-Iboe Light 4,629,234 205,984,986.30 44.4966 Bonny Light 2,964,699 132,707,144.20 44.7624 Odudu Blend 949,144 41,373,186.96 43.5900 Escravos Light 946,938 41,182,333.62 43.4900 Brass Blend 3,919,793 169,720,110.20 43.2982 Yoho Light 949,028 42,951,109.22 45.2580 Antan Blend 941,018 36,740,298.10 39.0431 E A Blend 948,351 43,388,006.60 45.7510 Oso Condensate 1,830,542 80,706,471.53 44.0888 Total 24,245,750 1,062,496,423.63 43.8220

Table 6b

Gas Sales Producer

Quantity (Metric Tonnes)

Proceeds (Us Dollars)

Average Weighted Price (US Dollar/Metric Ton)

Mobil (NGL) 26,251.0000 8,964,716.500 341.500 Sub-Total 26,251.0000 8,964,716.500 341.500

(BTU) (Us Dollars) (US Dollar/BTU) *NLNG Feedstock (Gas Sales) Shell 16,950,953.8800 10,694,650.900 0.631 Totalfina 5,007,710.1400 3,113,423.040 0.622 NAOC 8,410,036.1900 5,306,037.750 0.631 Sub-Total 30,368,700.2100 19,114,111.690 0.629 TOTAL 28,078,828.19

NOTE: *The shares of Federal Government in the Companies SOURCE: COMD

Federation Accounts Crude Oil Export Receipts: January, 2005.

Gas Exports: January, 2005.

25

Figure 3a: NIGERIA CRUDE OIL AVERAGE WEIGHTED PRICE: February, 2004 - January, 2005

0

5

10

15

20

25

30

35

40

45

50

FEBR

UARY

MARC

H

APRI

L

MAY

JUNE

JULY

AUGU

ST

SEPT

EMBE

R

OCTO

BER

NOVE

MBER

DECE

MBER

JANU

ARY

U

S

$

/

B

B

L

Figure 3b: NIGERIAN NGL AND LPG AVERAGE WEIGHTED PRICES: February, 2004 - January, 2005

0

200

400

600

800

1000

FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY

U

S

$

P

e

r

M

e

t

r

i

c

T

o

n

n

e

s

NGL LPG

26

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

JV:

SHELL 57,329,240

1,107,142

37,337,533

-

-

-

-

-

18,884,565

MOBIL 35,041,388

1,377,000

-

18,136,800

-

392,900

-

211,200

14,923,488

CHEVRON 19,203,039

1,494,059

6,460,407

-

-

423,762

-

-

10,824,811

ELF 21,349,195

547,261

55,289

10,437,617

-

-

7,349,825

102,214

2,856,989

NAOC 36,768,702

1,760,669

261,793

7,445,687

943,362

850,968

12,195,280

106,197

13,204,746

TEXACO 657,642

9,827

-

-

-

-

-

-

647,815

PAN-OCEAN 2,177,042

103,668

-

-

-

-

-

-

2,073,374

SUB - TOTAL 172,526,248

6,399,626

44,115,022

36,020,104

943,362

1,667,630

19,545,105

419,611

63,415,788

PRODUCTION SHARING COMPANY

ADDAX 3,388,745

102,771

-

288,961

-

-

-

493,471

2,503,542

SUB - TOTAL 3,388,745

102,771

-

288,961

-

-

-

493,471

2,503,542

SOLE RISK/INDEPENDENTS:

NPDC 1,762,520

63,511

-

-

-

-

-

-

1,699,009

SUB - TOTAL 1,762,520

63,511

-

-

-

-

-

-

1,699,009

GRAND-TOTAL 177,677,513

6,565,908

44,115,022

36,309,065

943,362

1,667,630

19,545,105

913,082

67,618,339

Summary of Gas Production and Utilization Compiled From Company's Monthly Report (mscf) - January, 2005

Table 7

27

Figure 4: Gas Produced Vs Gas Flared: February, 2004 to January, 2005

020406080

100120140160180200

FEBR

UARY

MARC

H

APRIL MA

Y

JUNE JULY

AUGU

STSE

PTEM

BER

OCTO

BER

NOVE

MBER

DECE

MBER

JANU

ARY

m

s

c

f

GAS PRODUCED GAS FLARED

28

Table 7a

NAME OF FIELD GAS PRODUCED GAS USED AS

FUEL GAS SOLD TO THIRD PARTIES GAS FLARED ABURA 112,226 1,435 - 110,791 AFIESERE 134,964 8,187 - 126,777 AFREMO 102,110 935 - 101,175 AGBAYA 87,355 1,556 - 85,799 AKONO 8,320 135 - 8,185 AMUKPE 4,129 1,677 - 2,452 BATAN 210,049 - 187,729 22,320 BENISEDE 416,763 10,568 - 406,195 EGWA 562,013 - 481,200 80,813 ERIEMU 327,947 3,813 181,137 142,997 ESCRAVOS BEACH 171,856 1,573 - 170,283 EVWRENI 97,326 1,640 - 95,686 FORCADOS YOKRI 586,861 108,237 - 478,624 ISOKO 18,222 3,379 - 14,843 JONES CREEK 411,740 13,371 - 398,369 KANBO 424,743 10,482 414,261 KOKORI 211,148 9,420 201,728 OBEN 2,059,428 10,194 1,969,372 79,862 ODIDI 1,275,994 162,082 727,040 386,872 OGBOTOBO 296,180 5,276 - 290,904 OGINI 9,661 1,791 - 7,870 OLOMORO/OLEH 207,408 24,120 - 183,288 OPUKUSHI NORTH 116,004 2,244 - 113,760 OPOMOYO 378,010 9,586 - 368,424 OPUAMA 20,117 616 - 19,501 OPUKUSHI 720,659 13,943 - 706,716 ORONI 47,205 2,480 - 44,725 OTUMARA 514,636 7,977 - 506,659 OVHOR 57,128 13,605 14,021 29,502

Gas Production and Utilization by Field (mscf) - January, 2005 Company: Shell

29

Table 7a Contd.


FUEL GAS SOLD TO THIRD

PARTIES GAS FLARED OWEH 23,010 5,120 - 17,890 SAGHARA 57,488 939 - 56,549 SAPELE 279,052 1,716 163,089 114,247 TUNU 345,600 8,529 - 337,071 UGHELLI EAST 1,526,282 27,260 1,477,263 21,759 UGHELLI WEST 56,170 4,577 - 51,593 UTOROGO 5,209,161 24,245 4,892,587 292,329 UZERE EAST 43,745 1,358 - 42,387 UZERE WEST 144,641 4,492 - 140,149 ADIBAWA 126,798 2,161 - 124,637 ADIBAWA N/EAST 142,532 2,429 - 140,103 AGBADA 353,649 66,964 69,590 217,095 AHIA 34,942 852 - 34,090 AKASO 994,445 4,733 - 989,712 ALAKIRI 929,380 4,849 816,761 107,770 AWOBA N/WEST 69,530 1,971 5,998 61,561 AWOBA 1,240,121 7,501 601,920 630,700 BELEMA 348,362 6,245 - 342,117 BONNY 6,613,999 117,993 6,432,206 63,800 BONNY NORTH 103,009 2,309 - 100,700 CAWTHORNE CHANNEL 2,644,652 13,954 - 2,630,698 DIEBU CREEK 365,089 7,930 - 357,159 EGBEMA 22,114 480 - 21,634 EKULAMA 634,515 6,794 265,038 362,683

Gas Production and Utilization by Field (mscf) January, 2005

30

Table 7a Contd.


FUEL GAS SOLD TO THIRD

PARTIES GAS FLARED ELELENWA 57,869 16,046 15,944 25,879 ETELEBOU 230,204 4,030 226,174 GBARAN 476,657 2,999 187,683 285,975 IMO RIVER 301,492 12,510 - 288,982 ISIMIRI 96,458 1,350 - 95,108 KOLO CREEK 224,154 1,411 88,260 134,483 KRAKAMA 122,806 3,806 - 119,000 MINI NTA 309,759 4,588 - 305,171 NEMBE CREEK EAST 128,598 2,233 115,154 11,211 NEMBE CREEK 1,135,509 37,047 1,039,464 58,998 NKALI 362,581 1,950 - 360,631 NUN RIVER 253,540 9,280 - 244,260 OBELE 17,245 2,810 - 14,435 OBIGBO NORTH 1,352,551 56,157 807,995 488,399 ODEAMA CREEK 78,654 3,670 - 74,984 OGUTA 441,670 1,495 - 440,175 ORUBIRI 135,657 4,067 - 131,590 RUMUEKPE 5,571 71 - 5,500 SANTA BARBARA 146,873 2,301 124,371 20,201 SANTA BARBARA SOUTH 7,929 124 6,714 1,091 SOKU 17,146,121 177,766 16,666,996 301,359 UBIE 115,340 2,790 - 112,550 UMUECHEM 116,464 2,690 - 113,774 TOTAL 57,329,240 1,107,142 37,337,533 18,884,565


31

Table 7b

FIELD GAS PRODUCED GAS USED AS

FUEL GAS RE-INJECTED GAS FOR LPG/NGL AS FEEDSTOCK TO EPCL GAS LIFT GAS FLARED

ADUA 771,506 - - - - 771,506 ASASA 1,409,618 - - - - 1,409,618 EDOP 3,817,789 132,000 2,121,000 - 24,000 1,540,789 EKPE 810,268 270,000 27,000 - 119,200 394,068 EKPE WW 289,894 - - - - 289,894 EKU 366,536 - - - - 366,536 ENANG 718,831 - - - - 718,831 ETIM/ETIMC 1,514,784 2,000 - - - 1,512,784 IDOHO 1,009,320 3,000 - - - 1,006,320 INANGA 145,988 - - - - 145,988 INIM 232,354 4,000 94,800 - - 133,554 ISOBO 18,784 - - - - 18,784 IYAK 25,944 - - - - 25,944 MFEM 139,570 - - - - 139,570 OSO 15,937,904 664,000 13,402,000 392,900 - 1,479,004 UBIT 1,737,188 66,000 - - - 1,671,188 UNAM 173,460 - - - - 173,460 USARI 2,515,042 11,000 - - 68,000 2,436,042 UTUE 162,647 3,000 - - - 159,647 YOHO 3,238,040 222,000 2,492,000 - - 524,040 TOTAL 35,041,388 1,377,000 18,136,800 392,900 211,200 14,923,488


32

Table 7c

FIELD GAS PRODUCED GAS USED AS FUELGAS SOLD TO

THIRD PARTIES GAS FOR LPG/NGL AS FEEDSTOCK TO EPCL GAS FLARED

c 114,424 14,117 - - 100,307 UTONANA 94,696 - - - 94,696 JISIKE 170,745 93 - - 170,652 ROBERKIRI 1,122,912 12,927 - - 1,109,985 IDAMA 185,856 - - - 185,856 JOKKA 3,086 - - - 3,086 DELTA SOUTH 1,584,344 6,355 1,100,841 - 477,148 DELTA 2,257,970 6,727 - - 2,251,243 ISAN 104,035 3,968 - - 100,067 WEST ISAN 112,601 - - - 112,601 EWAN 85,417 11,532 - - 73,885 OKAN 6,145,646 1,062,884 4,296,612 423,762 362,388 MEFA 1,062,954 - 1,062,954 - -MEJI 1,588,316 11,129 - - 1,577,187 MEREN 2,291,365 290,231 - - 2,001,134 OKAGBA 12,142 - - - 12,142 TAPA 80,792 4,991 - - 75,801 PARABE/EKO 689,048 56,674 - - 632,374 MALU 874,463 899 - - 873,564 INDA 299,206 - - - 299,206 MEJO 43,279 - - - 43,279 KITO 1,252 - - - 1,252 OPOLO 265,968 11,532 - - 254,436 TOTAL 19,203,039 1,494,059 6,460,407 423,762 10,824,811

Gas Production and Utilization by Field (mscf) - January, 2005

33

Table 7d

FIELD GAS

PRODUCEDGAS USED AS FUEL

GAS SOLD TO THIRD PARTIES

GAS RE-INJECTED GAS FOR LNG GAS LIFT GAS FLARED

OBAGI/EREMA 1,291,077 67,223 0 0 1,074,525 56,496 92,833 OLO 119,882 11,028 0 0 0 0 108,854IBEWA CONDENSATES 0 0 0 0 0 0 0IBEWA 4,492,922 26,506 0 0 4,446,688 0 19,728OBAGI DEEP 1,678,935 0 0 0 1,678,935 0 0OBAGI GAS-CAP 149,677 0 0 0 149,677 0 0AFIA 52,319 0 0 0 0 8,534 43,784EDIKAN 314,551 0 0 0 0 0 314,551IME 99,605 0 0 0 0 9,894 89,711ODUDU 314,690 0 0 0 0 27,290 287,400OFON 1,641,843 89,381 0 0 0 0 1,552,462AMENAMKPONO 11,193,696 353,123 55,289 10,437,617 0 0 347,666TOTAL 21,349,195 547,261 55,289 10,437,617 7,349,825 102,214 2,856,989

Gas Production and Utilization by Field (mscf) - January, 2005 Company: Elf

34

Table 7e

FIELD GAS

PRODUCED GAS USED AS

FUEL GAS SOLD TO

THIRD PARTIESGAS RE-

INJECTED FUEL GAS TO

EPCL

GAS FOR LPG/NGL AS FEEDSTOCK

TO EPCL GAS FOR LNG

EBOCHA FIELDS 3,604,070

76,105

-

744,858

-

-

-

AKRI FIELDS 2,283,981

15,500

261,793

81,134

-

-

-

OBR/OBI FIELDS 21,049,649

1,342,017

-

3,909,097

943,362

850,968

12,195,280

OSHI FIELDS 906,486

97,650

-

-

-

-

-

KWALE FIELDS 4,052,090

144,713

-

2,710,598

-

-

-

TEBIDABA FIELDS 823,297

7,750

-

-

-

-

-

OBAMA FIELDS 964,116

56,163

-

-

-

-

-

CLOUGH CREEK FIELDS 73,813

7,750

-

-

-

-

-

BENIBOYE FIELDS 522,789

5,271

-

-

-

-

-

OGBAINBIRI FIELDS 609,012

7,750

-

-

-

-

-

IDU FIELDS 1,879,399

-

-

-

-

-

-

TOTAL 36,768,702

1,760,669

261,793

7,445,687

943,362

850,968

12,195,280

Gas Production and Utilization by Field (mscf) - January, 2005 Company: NAOC

35

Table 7f

FIELD GAS PRODUCED GAS USED AS FUEL GAS FLARED

PENNINGTON 77,590 2,387 75,203

NORTH APOI 205,661 2,387 203,274

FUNIWA 374,391 5,053 369,338

TOTAL 657,642 9,827 647,815

Gas Production and Utilization by Field (mscf) - January, 2005 Company: Texaco

36

Table 7g


ASABORO SOUTH 82,163 0 82,163OGHAREFE 271,579 0 271,579OLOGBO 1,123,475 103,668 1,019,807ONA 30,173 0 30,173OSSIOMO 669,652 0 669,652TOTAL 2,177,042 103,668 2,073,374

Gas Production and Utilization by Field (mscf) - January, 2005 Company: Pan Ocean

37

Table 7h

FIELD GAS PRODUCED GAS USED AS FUEL GAS RE-INJECTED GAS LIFT GAS FLARED

ADANGA 366,042

1,586 -

184,154

180,302

ADANGA SOUTH 498,223

- -

-

498,223

ADANGA SOUTH WEST 228,919

- -

-

228,919

AKAM 203,293

2,542 -

65,043

135,708

BOGI 9,089

- -

-

9,089

EBUGHU 532,978

2,034 -

111,796

419,148

EBUGHU EAST 41,186

- -

-

41,186

EBUGHU NORTH EAST 326,067

- -

-

326,067

EBUGHU SOUTH 117,592

- -

-

117,592

MIMBO 224,769

74,102 -

-

150,667

NORTH ORON 9,969

- -

-

9,969

ORON WEST 315,060

- -

-

315,060

IZOMBE 297,336

- 288,961

-

8,375

OSSU 218,222

22,507 -

132,478

63,237

TOTAL 3,388,745

102,771 288,961

493,471

2,503,542


38

Table 7i


ABURA 93,750 0 93,750

OREDO 132,160 13,220 118,940

OZIENGBE S. 84,000 2,520 81,480

OKONO/OKPOHO 1,452,610 47,771 1,404,839

TOTAL 1,762,520 63,511 1,699,009


39

Table 8

BUYER Quantity Unit Price Current Month Receivable

Revenue Revenue Received Payments year to date Outstanding Debt Since Inception

(Bscf) (=N=/mscf) (=N= million) (=N= million) (=N= million) (=N= million) Alscon Ikot Abasi 0.2670 91.000 24.294 - - 1,133.637

ASCL 0.0339 16.640 0.565 - - 55.671 DSCL Aladja 0.0000 16.640 - - - 45.278

NAFCON Onne 0.1080 70.000 7.559 - - 1,406.328 WRPC Warri 0.1194 16.640 1.987 - - 192.820

WAPCO Shagamu 0.4154 438.290 182.074 441.996 441.996 1,219.970 Kew Metal Works Ikorodu 0.0000 - - - - 3.555

WAPCO Ewekoro 0.3002 313.370 94.088 105.554 105.554 579.013

GAS LINK 0.3188 450.730 143.683 50.081 50.081 305.618

RVSG 0.0999 219.150 21.898 43.900 43.900 74.744

NEPA *** 14.1112 16.640 234.810 27.000 27.000 6,662.176

IGIL 0.0000 - - - - 3.000

PZ Lagos Industries 0.0333 410.900 13.699 12.471 12.471 25.968

TOTAL 15.8072 - 724.66 681.002 681.002 11,707.78

Table 8b

BUYER Quantity Unit Price Current Month Receivable

Revenue Revenue Received Payments year to date Outstanding Debt Since Inception

(Bscf) (=N=/mscf) (=N= million) (=N= million) (=N= million) (=N= million) SNG Ota/Agbara 0.1668 403.900 4.902 10.290 10.290 15.393 **SPDC-Aba 0.1042 162.800 16.957 - - 146.687 SNG Edjeba 0.0513 31.380 0.161 - 0.000 3.946 TOTAL 0.3222 22.020 10.290 10.290 166.026 SNG Ota/Agbara 0.1668 403.900 4.902 10.290 10.290 15.393 **SPDC-Aba 0.1042 162.800 16.957 - - 146.687 SNG Edjeba 0.0513 31.380 0.161 - 0.000 3.946 TOTAL 0.3222 22.020 10.290 10.290 166.026

Note: Inception:- Commencement of transaction between NGC and Customer ** SPDC pays 40% of its customers' invoices as tarriff to NGC * Customer has TOP or other contract terms that apply to its payment *** Outstanding debt since inception include pre-2001 debt of N 4,371.33 Million.

Nigerian Gas Company: Gas Sales January 2005

Nigerian Gas Company: Gas Transmission for January, 2005

40

Table 9a

BUYER FIELD VOLUME (scf) PROCEEDS (=N=) Bayelsa State Utilities Board Kolo Creek 275,943,058 827,829.17 Delta Glass Company Ughelli East - - Inter. Equitable Ltd Imo River 5,990,379 2,438,084.25 Lever Brothers, Aba Imo River 12,280,050 4,997,980.35 Nigerian Breweries Imo River 11,000,697 4,477,283.68 M.O.P PH Trans Amadi Turbine Obigbo North 39,197,275 2,337,725.48 NEPA, Ughelli Ughelli East 1,422,626,050 23,672,497.47 NNPC - Nafcon Alakiri 107,985,317 1,256,517.15 NGC - ALSCON Alakiri - - NNPC - NEPA - Sapele (Oben) OBEN 1,969,371,952 11,455,836.64 NGC NEPA - Sapele SAPELE - - NNPC - Nig. Gas Co. Benin City Utorogu 6,070,480,745 35,311,986.49 Pz Industries. Ltd, Aba Imo River 18,121,182 7,375,321.07 Rivers State Utility Board Apara 123,815,726 32,755,450.31 International Glass Ind. Aba Imo River 12,713,541 5,174,411.19 NNPC-Obigbo-North-Gas-Plant Obigbo North 1,086,796,433 9,748,564.00 NGC-ELEME AFAM 99,921,753 4,996,087.65 GRAND TOTAL 11,256,244,158 146,825,574.90

Table 9b

SELLER FIELD (scf) (US$) Nigerian Agip Oil Company Apara - - SHELL Soku 30,819,916,150 19,444,819.82 GRAND TOTAL 30,819,916,150 19,444,819.82

Source: SHELL NOTE:- This is a Total Joint Venture for NNPC (55%), SHELL (30%), ELF (10%) & AGIP (5%).

Joint Venture Domestic Gas Sales Statistics - January,

Joint Venture Export Gas Sales Statistics to NLNG - January, 2005

41

Table 10

K RP C P HR C W RP C T OT A L Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels

(1) Opening Stock 79,388 569,032 164,110 1,205,957 83,729 619,595 327,227 2,394,584

(2) Crude Oil Received 185,548 1,338,833 458,173 3,353,964 258,415 1,912,271 902,136 6,605,067

(3) Total Available - (1+2) 264,936 1,907,865 622,283 4,559,921 342,144 2,531,866 1,229,363 8,999,651

(4) Crude Oil Processed 184,459 1,321,265 336,693 2,464,695 235,995 1,746,363 757,147 5,532,323

(5) Closing Stock - (3-4) 80,477 586,600 285,590 2,095,226 106,149 785,503 472,216 3,467,328

(6) Ave. Daily Throughput 5,950 42,621 10,861 79,506 7,613 56,334 24,424 178,462

(7) Refinery Processing Capacity (b/d) 110,000 210,000 125,000 445,000 Source: Refinery Monthly Report

Refinery Production Returns: Refinery Crude Oil Balance - January, 2005

42

37.86%

38.75%

45.07%

34

36

38

40

42

44

46

KRPC PHRC WRPC

p

e

r

c

e

n

t

a

g

e

Figure 5

Refinery Capacity Utilisation - January, 2005

43

0

20

40

60

80

100

120

140

Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05

P

e

r

c

e

n

t

a

g

e

KRPC PHRC WRPC

Figure 6

Refinery Capacity Utilisation: February, 2004 - January, 2005

44

1

2

3

4

KRPC PHRC WRPC

m

b

b

l

s

Received Processed

Figure 7

Crude Oil Received Vs Processed - January, 2005

45

Table 11

K RP C P HR C W RP C T OT A L Crude type Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels

Arabian Light

Bonny Light 458,173 3,353,964 458,173 3,353,964

Escravos Light 77,173 565,803 258,415 1,912,271 335,588 2,478,074

Forcados Blend 108,375 773,029 108,375 773,029

Total 185,548 1,338,833 458,173 3,353,964 258,415 1,912,271 902,136 6,605,067 * : Arabian Light crude oil was not received due to the continued stock out in the country. However 1,823mt of slop was received during the month under review. Source: Refinery Monthly Report

Refinery Production Returns: Crude Oil Received by Crude Stream - January, 2005

46

1

2

3

4

5

6

7


V

o

l

u

m

e

R

e

c

e

i

v

e

d

m

b

b

l

s

KRPC PHRC WRPC

Figure 8

Crude Oil Received: February, 2004 - January, 2005

47

Table 12

K RP C P HR C W RP C T OT A L Crude type Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels Metric Tons Barrels

Arabian Light

Bonny Light 336,693 2,464,695 336,693 2,464,695

Escravos Light 27,857 204,237 235,995 1,746,363 263,852 1,950,600

Forcados Blend 156,602 1,117,028 156,602 1,117,028

Total 184,459 1,321,265 336,693 2,464,695 235,995 1,746,363 757,147 5,532,323 Source: Refinery Monthly Report

Refinery Production Returns: Crude Oil Processed by Crude Stream - January, 2005

48

1

2

3

4

5

6


V

o

l

u

m

e

P

r

o

c

e

s

s

e

d

m

b

b

l

s

KRPC PHRC WRPC

Figure 9

Crude Oil Processed: February, 2004 - January, 2005

49

Table 13

K R P C P H R C W R P C TO TAL

Products Actual Evacuatio

n ActualEvacuatio

n Actual Evacuatio

n ActualEvacuatio

n

Productio

n by PPMCProductio

n by PPMCProductio

n by PPMCProductio

n by PPMC

LPG 2,600 1,588 4,188

PMS 38,056 33,702 33,119 116,203 4,460 42,664 75,635 192,569

DPK 19,010 20,524 63,484 55,193 33,563 28,701 116,057 104,418

AGO 50,488 48,500 77,981 87,961 49,569 36,788 178,038 173,249

Fuel Oil 48,517 44,607 117,296 167,833 65,136 71,044 230,949 283,484

LRS

Asphalt 13,775 13,775

VGO 61 -65 -65 61

Interm. Products -7,603 17,200 11,717 65,376 36,740 74,973 48,457

TOTAL 162,243 147,394 311,615 438,907 219,692 215,937 693,550 802,238 Source: Refinery Monthly Report

Refinery Production Returns: Output from Domestic Refineries - January, 2005

50

-20

0

20

40

60

80

100

120

KRPC PHRC WRPC

LPG PMS DPK AGO Fuel Oil Asphalt VGO Interm. Products

Fig 10

Production By Domestic Refineries - January, 2005

51

Table 14

K R P C P H R C W R P C TO TAL

Products Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of Quantity % Wt. of (mt) Production (mt) Production (mt) Production (mt) Production

Off Gas 1,388 0.75 8,495 2.52 5,648 2.39 15,531 2.05

Fuel LPG 1,181 0.64 664 0.28 1,845 0.24

LPFO 17,108 9.27 11,248 3.34 7,262 3.08 35,618 4.70

AGO 447 0.19 447 0.06

R/Fuel 19,677 10.67 19,743 5.86 14,021 5.94 53,441 7.06

Gas/LPG Flared 39 0.02 1,901 0.00 1,940 0.26

Losses/Others 1,478 0.80 3,434 1.02 2,441 1.03 7,353 0.97

R/Fuel & Loss 21,194 11.49 25,078 6.88 16,462 6.98 62,734 8.29Source: Refinery Monthly Report

Refinery Production Returns: For the month of January, 2005

01. january 200 5 mpi

Documents