Oil Producing States In Nigeria – TheFacts And Figures

Oil production figures national Production =1,605,000 barrels per day(One Million, 605 Thousand barrels) as at timing of report. Current Production hovers around2.5-2.7 Million barrels per day total National Oil reserves37.2 Billion barrels producer ranks:
1 – Akwa Ibom
2 – Delta
3 – Rivers
4 – Bayelsa
5 – Ondo
6 – Edo
7 – Imo
8 – Abia
How much does each Oil producing state obtain from the 13% derivation formula?Note: Cross River state’s former oil wells have been ceded to Akwa Ibom after boundary adjustment. (Hence the blank)Additional Liquid and Semi-liquid Hydrocarbon resources in Nigeria (Reserves)Nigeria has 42 Billion barrels more of oil in the form of extractable heavy Oils, from large bitumen belts lying dormant.
Source:oilRevenue