Crude oil, which accounts for over 80 per cent of the country’s revenue and contributes about nine per cent of the country’s Gross Domestic Product (GDP), suffered a setback between July and September 2020 when it contributed 8.73 percent of the total real GDP. The development is not unconnected to the low oil price regime in the global market occasioned by the dreaded COVID-19 pandem...

The Department of Petroleum Resources (DPR) has dismissed media reports that it uncovered a ‘missing  2 million barrels of crude’ in oil production records by Shell Petroleum Development Company (SPDC) between 2016 and 2018. The DPR described the allegations as false and baseless. The report had alleged that SPDC which was allegedly found culpable had admitted the infraction and offer...

The Department of Petroleum Resources today launched the Downstream Remote Monitoring System (DRMS). DRMS also known as e-Station is an inventory and regulatory tool that tracks product level across retail outlets and depots. The system also tracks the movement of product from depots to retail outlets using a USSD code *7117#. Director/CEO of DPR Engr. Auwalu Sarki in his address s...

The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard. The downstream has the capacity to improve revenue from the oil and gas sector, increase contribution to Gross Domestic Product (GDP), and create massive employment, but has been bedevilled by various challeng...

The Department of Petroleum Resources (DPR) said it is upgrading the Nigerian oil and gas downstream operations to global standards with improved technology in its ongoing automation process. The Director of DPR, Mr. Sarki Auwalu, stated this at a virtual meeting with the members of the Major Oil Marketers Association of Nigeria (MOMAN) on Tuesday. In a statement signed by the agen...

Department of Petroleum Resources (DPR) is pleased to announce the launch of Downstream Remote Monitoring System (DRMS)
as follows :
Date : Thursday 11th February, 2021
Time : 10:00am
Venue : Transcorp Hilton Hotel, Abuja ( Congress Hall)

Director/CEO DPR,  Mr Sarki Auwalu (Right) presenting Licence to Establish (LTE)  the first floating LNG production Plant in Nigeria to Managing Director   UTM Offshore limited, Mr Julius Rone at DPR office Abuja The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE), the first floating Liquefied Natural Gas (LNG) production plant to UTM Offshore Ltd., an ...

The Director and Chief Executive Officer of the Department of Petroleum Resources, Mr. Sarki Auwalu, in this interview on Arise News Channel, THISDAY’s sister broadcast station, provides update on the ongoing bid exercise for the 57 marginal oil fields. Emmanuel Addeh and Peter Uzoho bring the excerpts: Where are we with the 57 marginal fields and what is the guarantee that this time ...

The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said. The DPR also said the successful bidders would be allowed for the first time in the nation to pay the acquisition cost of the oilfields in naira. The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu, wh...