The advent of the oil industry can be traced back to 1908, when a German entity, the Nigerian Bitumen men corporation, commenced exploration activities in the Araromi Area, West of Nigeria. These pioneering efforts ended abruptly with the outbreak of the First World War in 1914.
Oil prospecting effects resumed in 1937, when Shell D’Arcy (the forerunner of Shell Petroleum Development Company of Nigeria) was awarded the sole concessionary rights covering the whole territory of Nigeria. Their activities were also interrupted by the Second World War, but resumed 1947, concerted efforts after several years and an investment of over N 20 million, led to the first commercial discovery in 1956 at Oloibiri in the Niger Delta.
This discovery opened up the Oil industry in 1961 bringing in Mobil, Agip, Safrap (now Elf), Tenneco and Amose as (Texaco and Chevron respectively) to join the exploration efforts both in the onshore and areas of Nigeria. This development was enhance by the extension of the concessionary rights previously a monopoly of shell, to the newcomers. The objective of the government in doing this was to replace the exploration and production of petroleum. Even now more companies, both foreign and indigenous have won concessionary rights and are producing. Actual oil production and export from the Oloibiri field in present day Bayelsa
State commenced in 1958 with an initial production rate of 5,100 barrels of crude oil per day. Subsequently, the quantity doubled the following year and progressively as more players came into the oil scene, the production rose to 2.0 million barrels per day in 1992 and a peaking at 2.4 million barrels per day in 1979. Nigeria thereafter, attained the status of a major oil producer, ranking 7th in the world in 1992, and has since grown to become the sixth largest oil producing country in the world.
Before now, crude oil product in the country was exported and the nations meet its needs in petroleum through importation. Government then decided that when daily production of crude reaches 500,000 barrel per day, the building of a refinery would be considered necessary. In 1971 precisely, the decision to locate a new refinery in Warri was approved. An Italian company called Snaprojetti SPA won the contract in October 1972 at a cost of N478 million and it was to be completed within an estimated period of three years work and the refinery begin and was completed in June 1978 which was then commission by the then Head of State General Olusegun Obasanjo. Hence, the Warri Refinery and Petro-Chemical Company was established. The refinery has an initial production capacity of full utilization of 100,000 to 120,000 barrel per day from the crude oil. Its produces an average of 602 tons of Liquefies Petroleum GAS (LPG) 4657 tons of Premium Motor Spirit (PMS). The refinery is supplied crude by NNPC and its joint long 40.5m pipeline which form a branch of the 6km in Ughelli Forcados pipeline terminal and also a 6km pipeline from Escravos terminal, the Warri Refinery and Petro-Chemical Company is an industrial complex with all the necessary facilities.
Oil prospecting effects resumed in 1937, when Shell D’Arcy (the forerunner of Shell Petroleum Development Company of Nigeria) was awarded the sole concessionary rights covering the whole territory of Nigeria. Their activities were also interrupted by the Second World War, but resumed 1947, concerted efforts after several years and an investment of over N 20 million, led to the first commercial discovery in 1956 at Oloibiri in the Niger Delta.
This discovery opened up the Oil industry in 1961 bringing in Mobil, Agip, Safrap (now Elf), Tenneco and Amose as (Texaco and Chevron respectively) to join the exploration efforts both in the onshore and areas of Nigeria. This development was enhance by the extension of the concessionary rights previously a monopoly of shell, to the newcomers. The objective of the government in doing this was to replace the exploration and production of petroleum. Even now more companies, both foreign and indigenous have won concessionary rights and are producing. Actual oil production and export from the Oloibiri field in present day Bayelsa
State commenced in 1958 with an initial production rate of 5,100 barrels of crude oil per day. Subsequently, the quantity doubled the following year and progressively as more players came into the oil scene, the production rose to 2.0 million barrels per day in 1992 and a peaking at 2.4 million barrels per day in 1979. Nigeria thereafter, attained the status of a major oil producer, ranking 7th in the world in 1992, and has since grown to become the sixth largest oil producing country in the world.
Before now, crude oil product in the country was exported and the nations meet its needs in petroleum through importation. Government then decided that when daily production of crude reaches 500,000 barrel per day, the building of a refinery would be considered necessary. In 1971 precisely, the decision to locate a new refinery in Warri was approved. An Italian company called Snaprojetti SPA won the contract in October 1972 at a cost of N478 million and it was to be completed within an estimated period of three years work and the refinery begin and was completed in June 1978 which was then commission by the then Head of State General Olusegun Obasanjo. Hence, the Warri Refinery and Petro-Chemical Company was established. The refinery has an initial production capacity of full utilization of 100,000 to 120,000 barrel per day from the crude oil. Its produces an average of 602 tons of Liquefies Petroleum GAS (LPG) 4657 tons of Premium Motor Spirit (PMS). The refinery is supplied crude by NNPC and its joint long 40.5m pipeline which form a branch of the 6km in Ughelli Forcados pipeline terminal and also a 6km pipeline from Escravos terminal, the Warri Refinery and Petro-Chemical Company is an industrial complex with all the necessary facilities.
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