Advisors ReportsAdvisors Reports
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Nigeria 27th crude oil grade, Obodo medium sweet crude blend enters global market
Share
Sign In
Notification Show More
Font ResizerAa
Advisors ReportsAdvisors Reports
Font ResizerAa
Search
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Local ContentNewsUpstream

Nigeria 27th crude oil grade, Obodo medium sweet crude blend enters global market

Admin
Last updated: May 13, 2025 10:41 pm
Admin
Share
4 Min Read
SHARE

… as NUPRC confirms first export by Conoil

… Nigeria’s daily oil production rises to 1.683 mbpd in April, 2025

Oredola Adeola

Nigeria’s crude oil portfolio has expanded with the official entry of the Obodo crude blend into the global oil market in May 2025.

The new medium sweet grade marks Nigeria’s 27th distinct crude oil stream, further strengthening its position as a key player in the international energy landscape.

According to Advisors Reports, the addition of Obodo Blend enhances Nigeria’s diverse crude offerings, which already include some of the world’s most sought-after grades such as Bonny Light, Forcados, Qua Iboe, Brass River, and Escravos.

Other notable Nigerian crude grades now include,  Agbami, Akpo, Bonga, Erha, Usan, Yoho, Pennington Light, Antan Blend, Ukpokiti, Okwori, Okono, EA Blend, Oso Condensate, Egina, Odudu Blend, Amenam, Ima, Obiafu-Obrikom, Okoro, Ukpan, and Utapate.

Engr. Gbenga Komolafe, Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), confirmed the entry of the Obodo crude blend into the international market in a statement congratulating Conoil Producing Limited on the successful shipment of the first cargo.

The statement, obtained by Advisors Reports on Tuesday.

According to the NUPRC’ CCE, the milestone marks a significant breakthrough for Nigeria’s upstream sector, showcasing the growing capacity of indigenous operators to contribute meaningfully to national crude oil production and exports.

He stated, “The introduction of the Obodo crude blend further diversifies Nigeria’s export portfolio and aligns with the Commission’s strategic objectives to enhance production output, maximize hydrocarbon resources, and attract investment through operational efficiency and innovation.

“This achievement by Conoil, under the Production Sharing Contract (PSC) framework with the Nigerian National Petroleum Company Limited (NNPCL), also reflects the positive outcomes of collaborative regulatory support, enabling indigenous players to thrive.”

Engr. Komolafe emphasized that as the regulator of Nigeria’s upstream petroleum industry, the NUPRC remains committed to providing a transparent, predictable, and investment-friendly environment that encourages the development of new crude streams and ensures optimal value for the Nigerian people.

He reiterated the Commission’s commitment to supporting similar milestones that advance national energy security and economic resilience.

Advisors Reports in a data obtained from Argus Media, a platform that provides market data and price assessments for global industries, showed that the medium sweet Obodo crude has a gravity of 27.65° API and a sulphur content of 0.05%, according to an assay seen by the company.

Argus noted that the grade is likely to be priced in line with Nigeria’s medium sweet Bonga crude.

Advisors Reports further gathered that Conoil Producing Limited and Continental Oil & Gas Limited operate the Obodo field as part of a joint venture under the Production Sharing Contract (PSC) framework with the Nigerian National Petroleum Company (NNPC) Ltd for Oil Mining Lease (OML) 150.

It will be recalled that in August 2024, NNPC Ltd also introduced the Utapate crude oil blend, another new crude grade, into the international market.

Meanwhile , the NUPRC  in its data released on Monday, titled, “Crude Oil and Condensate Production April 2025,  revealed that Nigeria’ total daily production climbed from 1.603 million bpd in March to 1.683 million bpd in April.

A breakdown of this showed that the country pumped an average crude oil of 1,485,700 barrels of oil per day (bpd) in April, a 6.06% increase from March’s production level of 1,400,783 bpd.

The volume of condensate—an ultra-light hydrocarbon similar to crude oil—  dropped from  202,217 bpd in March to 197,300 bpd in April.

Nigeria wins bid to host $5bn African Energy Bank headquarters
NLNG at 35: Transforming Nigeria’s economy with $44bn in dividends, 5,000 LNG cargoes, commitment to sustainable development
Heirs Energies CEO calls for stakeholders’ collaboration to address 70% energy deficit, ensure energy sufficiency for 200million Nigerians
Federal High Court sentences 4 Chinese nationals to 20 years’ imprisonment for illegal mining in Plateau
TCN warns of threats to Abuja facilities, urges vigilance in surrounding areas

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article FG to take over two underperforming DisCos between May, August 2025 
Next Article FG approves revival of Ikere Gorge Hydropower plant, construction of new substation for Oyo State
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad imageAd image

Latest News

Mainstream Energy Ltd. donates cash, relief materials to Mokwa flood victims
Documentary Environment Impact News Power Renewables
June 5, 2025
FG to explore alternative debt facility to offset ₦2tn power sector legacy debt
Distribution Documentary Finance Generation Impact News Power
June 3, 2025
Nigerians paying just N815–N820 per litre, 55% less than N1,600 regional average –Dangote
Documentary Downstream Energy Transition News Oil & Gas Sustainability Technology
June 2, 2025
Dawcon, Green flare sign flare gas deal with OML 30 JV to power bitcoin mining, AI computing
Gas Green Finance News Power Renewables Sustainability Technology
June 2, 2025
Follow US
© 2022 AdvisorsReports. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?