Chairman and Managing Director of Chevron Nigeria/mid-Africa business unit, Mr. Jim Swartz, has said Chevron has recorded zero incidents of sabotage in the last one year.
Swartz said this when he visited NUPRC’s corporate headquarters in Abuja.
“Chevron has not recorded any oil theft or attacks on our pipelines this year. This is the longest we’ve gone without oil theft,’” he said.
Chevron is a member of Oil Producers Trade Section (OPTS), a subgroup of the Lagos Chamber of Commerce and Industry. OPTS is a private industry group dedicated to the exploration, development, and production of Nigeria’s oil and gas resources in a sustainable and beneficial manner for the people.
It represents the interests of approximately 31 oil and gas companies that operate approximately 85 per cent of Nigeria’s oil.
This success story of Chevron may not be unconnected with the progress recorded by Tantita Security Services Nigeria Limited, a private pipeline security surveillance firm.
The proactive approach of TSSNL, using technology, local intelligence, has enhanced monitoring and control of activities in the region and contributed to increase in the nation’s oil production output since 2022.
Further investigation showed that NNPCL and International Oil Companies (IOCs) have ramped up production to 1.8 million barrels per day unlike in the past when production was trapped at 600,00 barrels per day.
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Further checks showed that with unhindered production, government is setting a target of 2.06 million barrels per day as unveiled in the Medium-Term Expenditure Framework ( MTEF) as given to reporters by the Minister of Budget and National Planning, Atiku Bagudu.
In his remarks, Chief Executive Officer of NUPRC, lauded Chevron’s testimony on recording zero incidents pertaining to oil theft.
He attributed the feat achieved to initiatives by President Bola Tinubu’s administration.
TSSNL has played a crucial role in ensuring protection of critical infrastructure vital to the nation’s prosperity.
Its laudable exploits have ensured increase of production and promoted the nation’s crude oil earnings.
The firm has also created jobs for youths of Niger Delta, thereby addressing one of the major triggers of youth restiveness in the region.