The NNPC, in its Monthly Petroleum Information for May 2014, said the amount lifted was in spite of total NGL production of 140,780 MT. The price of NGL in the international market is about $39.5 per barrel.
Giving a breakdown of NGL production and lifting, the NNPC said a total of 51,210 MT of propane was produced in the period while 45,685MT was lifted.
The quantity of butane produced was
put at 54,304 MT while 61,534 MT was lifted; just as about 35.266 MT of pentane was produced while 25,005 MT was lifted.
In addition, the report listed Mobil and the NNPC as the only producers and lifters of the products in the period under review.
Specifically, Mobil produced a total of 71,798 MT of NGL, broken down into propane - 26,117 MT; butane - 27,695 MT; and pentane 17,986 MT.
NNPC on the other hand produced 68.982 MT, broken down into: propane - 25,093 MT; butane - 26,609 MT; and pentane - 17,280 MT.
In the area of lifting, Mobil lifted a total of 80,190 MT of NGL, broken down into propane - 23,659 MT; butane - 31,526 MT and pentane - 25,005 MT.
On the other hand, NNPC lifted 52.034 MT of NGL, broken down into propane - 22,026 MT, and butane - 30,008 MT.
Continuing, the NNPC put total production of natural gas at 209.10 billion Standard Cubic Feet, SCF, lower than April's production of 192.97 billion SCF, while 9.43 per cent of total production was flared.
Giving further details on the production of natural gas, the Shell Production Development Company, SPDC, produced a total of 65.089 billion scf, but was only able to utilise 60.488 billion scf.
Mobil produced a total of 38.733 million and utilised 38.19 billion, while Nigeria Agip Oil Company, NAOC produced a total of 32.784 billion SCF, and utilised 30,016 billion SCF.
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