Nigeria's oil production hits a five-month high in February 2012

The latest monthly report released by the International Energy Agency (IEA) on Wednesday showed that in addition to South Sudan, oil production in other African countries is gradually increasing.

The IEA stated that the commercial production of Ugandan oil will begin as early as next year. Tullow Petroleum of the United Kingdom has already signed two major production sharing contracts with the Ugandan government.

According to IEA, the Jubilee offshore oil field in Ghana, operated by Tullow Petroleum, began production in December 2010. The average production of the oil field is expected to reach 88,000 barrels per day, and Tullow Petroleum predicts that the output of the field will reach 9 in December 2012. 10,000 barrels/day will reach 105,000 barrels/day in 2013. The output of Aseng Oilfield, operated by Nobel Energy, has increased slightly. The average production in the first quarter of 2012 will reach 55,000 barrels per day, making oil production in Equatorial Guinea reach 290,000 barrels per day. The oil field went into production in June 2011. The total oil production in Sudan and South Sudan in 2012 is expected to be 180,000 barrels per day, which is far below the 450,000 barrels per day in 2011.

It is reported that in February Nigeria's oil production increased by 100,000 barrels per day, reaching 2.14 million barrels per day, a record high of nearly five months. Last September, the output was 2.18 million barrels per day. Under attack by militants in recent months, Nigeria has reduced its production, which was 2.05 million barrels per day in December and January this year. However, with Total's 180,000 bbl/d Usan deep-sea oil field operating at the end of February, Nigeria's production will increase. In February, Angola’s oil production increased by 60,000 barrels/day to 1.76 million barrels/day, the highest level since April 2011, which was mainly stimulated by the steadily increasing production of the Pazflor deep-sea oil field operated by Total. It is 220,000 barrels per day.