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Tag: NNPC

  • NNPC records N15.04b trade surplus in January

    The Nigerian National Petroleum Corporation (NNPC) has a trade surplus of N15.04billion for January, an increase of 24 per cent over the N12.13 billion surplus posted by the corporation in December 2018.

    NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release yesterday in Abuja, stated that details of the report contained in the January 2019 edition of the corporation’s Monthly Financial and Operations Report (MFPR), attributed the financial position to the improved performance of NNPC’s upstream subsidiary, Nigerian Petroleum Development Company (NPDC).

    The report submitted that NPDC’s sustained revenue drive, evident from recent average weekly production of 332,000 barrels of Crude Oil per day, had made achieving 500,000bpd production by 2020 plausible.

    The NPDC’s position was different from the high expenditure levels posted by two other entities of NNPC, the Petroleum Products Marketing Company (PPMC) and Duke Oil, although both ended the month with profit.

    In terms of sales and remittance of crude oil and gas proceeds, the corporation announced total export receipts of $381.70 million in the month under review as against $345.68 million posted in December 2018.

    A breakdown of the numbers indicated that contributions from crude oil amounted to $269.43 million, while Gas and miscellaneous receipts stood at $111.75 and $0.52 million respectively.

    Within the period under focus, NNPC transferred N153.01 billion into the Federation Account, while cumulatively, from January 2018 to January 2019, Federation and JV received N905.45 billion and N658.66 billion respectively, under the column of Naira Payments to the Federation Accounts.

    In the downstream operations, 1,998.61 million litres of petrol was supplied into the country through the Direct-Sale-Direct-Purchase (DSDP) crude-for-product arrangement in January 2019.  The number is slightly higher than the 1,789.20million litres of petrol supplied in the month of December 2018.

    The 42 edition of the NNPC MFOR recorded 230 hacked pipeline points, leaving only two ruptured, marking an 11 per cent improvement from the 264 vandalised points posted in December 2018.

    A breakdown showed that Mosimi-Ibadan, Ibadan-Ilorin and Aba-Enugu pipelines accounted for 67, 62 and 30 points respectively, which translated to 29 per cent, 27 per cent and 13 per cent of the vandalized points, respectively.

    The Warri-River Niger axis accounted for 10 per cent and other locations accounted for the remaining 21 per cent of the pipeline breaks.

    In the gas sector, natural gas production increased by 2.22 per cent at 245.83billion cubic feet compared to output in December 2018, translating to an average production of 8,194.34 million standard cubic feet of gas per day (mmscfd).

    Out of the volume supplied in January 2019, a total of 151.50bcf of gas was commercialized, consisting of 38.03BCF and 113.47 BCF for the domestic and export market respectively. The figure translates to a total supply of 1,226.83 mmscfd of Gas to the domestic market and 3,780.24 mmscfd of gas supplied to the export market for the month.

    This implies that that 61.73 per cent of the average daily Gas produced was commercialized, while the balance of 38.27 per cent was re-injected, used as upstream fuel gas or flared.

    The gas flare rate was 7.52 per cent for the month under review, translating to 610.07mmscfd compared with average gas flare rate of 9.76 per cent, that is 770.31 mmscfd for the period January 2018 to January 2019.

  • N’Delta youths spit fire over ‘transfer of NNPC’s gas coy Hqtrs’

    Youths in the Niger Delta have warned the Nigeria National Petroleum Company (NNPC) against going ahead with alleged plans to relocate the headquarters of the Nigerian Gas Marketing Company (NGMC) to Abuja.

    The warning came amidst a leaked memo dated 03/04/19 from Managing Director of NGMC to the Group Managing Director of NNPC that staff and the gas company’s headquarters be moved to the Federal Capital Territory  because of insecurity in Warri and environs.

    MKA Baru signed the controversial memo titled: ‘Request for Approval for the Relocation of NGMC Head Office and staff to Abuja’.

    Leaders of the ethnic youth groups in the state, under the aegis of Delta State Ethnic Nationalities Youth Leaders Forum, warned that the move could unleash a fresh crisis in the Niger Delta.

    DSENYLF, which comprises of the youth leaders from all oil producing communities in the state, said it was in possession of a leaked memo from the NNPC directing that the headquarters of the subsidiary in Warri, should be moved to Abuja.

    A statement in Port Harcourt on Sunday, stated: “The leaked memo dated the 3/4/2019 and addressed to the GMD of NNPC seeking for approval to relocate the company head office from Warri to Abuja based on alleged and non-existing security concerns in Warri.”

    Presidents of Ijaw Youth Council and Itsekiri National Youth Council, Messrs. Eric Omare and Agbateyiniro Weyinmi respectively, as well as Ovie Umuakpo, Festus Oviesiri, Benjamin Onwubolu and Emeke Asike of Urhobo, Isoko, Ndokwa and Ika ethnic groups signed the document.

    They also raised alarm over a looming crisis and disturbance to oil facilities in the Niger Delta region over the plan, stressing it was vexing that rather than obey a presidential directive on the relocation of oil and gas companies headquarters to the region the NNPC was doing the opposite.

    They warned that their various groups would be unable to restrain their members and ensure peaceful atmosphere for companies to operate in Delta State if the national oil firm goes ahead with the purported plan.

    Omare, Weyinmi and the others wondered “why the cabal in the NNPC is determined to relocate the headquarters of the NGMC to Abuja despite the fact that the gas which they market is produced in Delta State and it’s environs.

    The youth leaders stated that they wonder why Delta State is not good enough to host the headquarters of a company but is good enough to be the highest oil and gas producing states and thereby contributing substantially the nation’s economy.

  • NNPC records trade surplus of N15.04b in January

    The Nigerian National Petroleum Corporation (NNPC) has a trade surplus of N15.04billion for January 2019, an increase of 24 per cent over the N12.13 billion surplus posted by the corporation in December 2019.
    Its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release on Sunday in Abuja stated that details of the report contained in the January 2019 edition of the corporation’s Monthly Financial and Operations Report (MFPR) attributed the positive financial position to the improved performance of NNPC’s upstream subsidiary, Nigerian Petroleum Development Company (NPDC), which recorded surplus numbers despite reduced operational activities in the month.

    The report submitted that NPDC’s sustained revenue drive, evident from recent average weekly production of 332,000 barrels of Crude Oil per day, had made achieving 500,000bpd production by 2020 plausible.

    The NPDC’s position contrasts with the high expenditure levels posted by two other entities of NNPC, the Petroleum Products Marketing Company (PPMC) and Duke Oil, although both ended the month with profit.

    In terms of sales and remittance of crude oil and gas proceeds, the corporation announced total export receipts of $381.70 million in the month under review as against $345.68 million posted in December 2018.

    A breakdown of the numbers indicated that contributions from crude oil amounted to $269.43 million, while Gas and miscellaneous receipts stood at $111.75 and $0.52 million respectively.

    Within the period under focus, NNPC transferred N153.01 billion into the Federation Account, while cumulatively, from January 2018 to January 2019, Federation and JV received N905.45 billion and N658.66 billion respectively, under the column of Naira Payments to the Federation Accounts.

    In the downstream operations, 1,998.61 million litres of petrol was supplied into the country through the Direct-Sale-Direct-Purchase (DSDP) crude-for-product arrangement in January 2019.  The number is slightly higher than the 1,789.20million litres of petrol supplied in the month of December 2018.

    The 42 edition of the NNPC MFOR recorded 230 hacked pipeline points, leaving only two ruptured, marking an 11 per cent improvement from the 264 vandalized points posted in December 2018.

    A breakdown indicated that Mosimi-Ibadan, Ibadan-Ilorin and Aba-Enugu pipelines accounted for 67, 62 and 30 points respectively, which translated to 29 per cent, 27 per cent and 13 per cent of the vandalized points, respectively.

    The Warri-River Niger axis accounted for 10 per cent and other locations accounted for the remaining 21 per cent of the pipeline breaks.

    In the Gas Sector, natural gas production increased by 2.22 per cent at 245.83billion cubic feet compared to output in December 2018, translating to an average production of 8,194.34 million standard cubic feet of gas per day (mmscfd).

    Out of the volume supplied in January 2019, a total of 151.50bcf of gas was commercialized, consisting of 38.03BCF and 113.47 BCF for the domestic and export market respectively. The figure translates to a total supply of 1,226.83 mmscfd of Gas to the domestic market and 3,780.24 mmscfd of gas supplied to the export market for the month.

    This implies that that 61.73 per cent of the average daily Gas produced was commercialized, while the balance of 38.27 per cent was re-injected, used as upstream fuel gas or flared.

    Gas flare rate was 7.52 per cent for the month under review, translating to 610.07mmscfd compared with average gas flare rate of 9.76 per cent, that is 770.31 mmscfd for the period January 2018 to January 2019.

  • NNPC, Seplat to deliver gas for domestic use

    THE Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Nigeria Limited are partnering  to deliver 300millon standard cubic of gas per day to the domestic market.

    The expected output from the Asa North/Ohaji South (ANOH) Gas Processing Compan, would bridge the shortfall in domestic gas supply.

    The project, an integral part of the 7 Critical Gas Development Project (7CGDP) of the NNPC, is designed to part supply the estimated 3.4 billion cubic feet of gas per day shortfall which could arise as demand increases to about 7 bcf/d by 2020.

    At the inauguration, Group Managing Director of the NNPC, Dr. Maikanti Baru, urged board members to sustain the momentum and ensure timely delivery of the project, not just within budget but below the budget without compromising the industry best practices of zero incidences.

    “We believe that a private sector driven project should deliver much faster, hence we came up with a structure outside the existing Joint Venture with the intent of getting the appropriate entities to participate in the project,’’ Baru said, assuring that NNPC was fully committed to the initiative and would do whatever is possible to keep the dream alive and ensure smooth delivery of the project.

    Chairman of the Board, Saidu Mohammed, who also doubles as NNPC Chief Operating Officer, Gas & Power, affirmed the determination of the company’s directors to work assiduously with Management to ensure attainment of set tasks and targets.

    Mohammed described the inauguration as history in the making, saying this was the first time a midstream company has been unbundled to run on its own from a JV operation. He expressed confidence that board members would ensure full activation of the shareholders agreement and grow the company to enviable heights in line with agreed timelines.

    On his part, Austin Avuru, Vice Chairman of the Board and Chief Executive Officer of Seplat Petroleum, described the event as memorable for the indigenous firm.

    He said under the watch of the NNPC , Seplat and the corporation, have made progress in terms of cementing a partnership that is none acrimonious, saying that Dr. Baru has moved that level of support to the current venture.

    He said the GMD demonstrated his confidence in indigenous operators by allowing “a modest Nigeria Company like Seplat, to strike this kind of JV with NNPC to deliver a project that is not far from a billion USD and to deliver 300mscf/d into the domestic market and to structure a company to do what others may start doing in future – establishing a stand-alone midstream company.’’

    The AGPC functions as a partnership between Nigerian Gas Company (NGC), a subsidiary of the NNPC, and Seplat Petroleum under a 50-50 equity structure.

     

     

  • Total, NNPC fight malaria in FCT

    Total Nigeria has joined forces with the Nigerian National Petroleum Corporation (NNPC) and other stakeholders in the health sector to kick malaria out of the country.

    The collaborators carried out series of intervention activities in Kutunku, a village on the outskirts of Gwagwalada, a suburb of the Federal Capital Territory, Abuja, to ensure prevention and elimination of malaria.

    Total Nigeria, in collaboration with its partners and some residents of the community, carried out environmental sanitation exercise, house-to-house net hanging exercise, diagnosis testing and treatment of malaria and distribution of thousands of Long-Lasting Insecticide-treated Nets (LLIN) to residents.

    The programme, which was held at the Primary Health Center, Kutunku was part of activities to mark this year’s World Malaria Day observed every April 25 globally.

    Executive General Manager, Total Nigeria, Mrs. Bunmi Popoola-Mordi, during the sensitisation exercise, said malaria was responsible for 92 percent of death in Sub-Saharan Africa.

    She said that there was an increase in malaria cases, especially in the Sub-Saharan Africa, describing the situation as “worrisome.”

    She said: “The Sub-Saharan Africa continues to carry a disproportionately high share of the global malaria burden, making the region home to 90 per cent of malaria cases and 92 per cent of malaria deaths.

    “That is why Total group in Nigeria is determined to join forces with all stakeholders and other corporate organisations in the push to prevent and eradicate malaria.”

    According to her, the selection of the community in the FCT was due to the high prevalence of malaria in the area, adding that its ultimate goal is to ensure a malaria-free environment.

    She noted that since the firm launched its malaria elimination programme, it has supported the efforts of the Federal Government through the donation of 2000 treated mosquito nets, environmental fumigation, clearing of drainages and refuse collection and disposal.

    She advised residents of the community to take personal hygiene seriously by ensuring that their surrounding are kept clean so they would not have any breeding ground for mosquitoes carrying malaria.

    Responding, the High Chief of the community, Muhammadu Sani commended Total Nigeria for choosing the community for the intervention programme.

    Sani assured the firm that he would work with his cabinet members to ensure that environmental sanitation was carried out in the community on a regular basis.

  • Total Nigeria, others push for malaria elimination

    Total Nigeria on Thursday joined forces with the Nigerian National Petroleum Corporation (NNPC) to push for prevention and eradication of malaria in the country.

    The group said malaria was responsible for 92 percent of death rate in Sub-Saharan Africa.

    The organisation said that there was an increase in malaria cases, especially in the Sub-Saharan Africa, describing the situation as “worrisome.”

    Its Executive General Manager, Mrs. Bunmi Popoola-Mordi, said these during a sensitisation exercise in Kutunku community, a suburb of the Federal Capital Territory, Abuja, on Thursday.

    The organisation in collaboration with its partners carried out series of intervention activities in the community to ensure prevention and elimination of malaria.

    The programme, which held at the Primary Health Center, Kutunku was part of activities to mark this year’s World Malaria Day observed every April 25.

    High point of the event included environmental sanitation exercise, house –to- house net hanging exercise, diagnosis testing and treatment of malaria and distribution of thousands of Long-Lasting Insecticide-treated Nets (LLIN) to residents.

    She said: “The Sub-Saharan Africa continues to carry a disproportionately high share of the global malaria burden, making the region home to 90 per cent of malaria cases and 92 per cent of malaria deaths.

    Read also: Edo-HIP programme’ll sustain campaign against malaria, says Obaseki

    “That is why Total group in Nigeria is determined to join forces with all stakeholders and other corporate organisations in the push to prevent and eradicate malaria.”

    According to her, the selection of the community in the FCT was due to the high prevalence of malaria in the area, adding that its ultimate goal is to ensure a malaria-free environment.

    She noted that since the firm launched its malaria elimination programme, it has supported the efforts of the federal government through the donation of 2000 treated mosquito nets, environmental fumigation, clearing of drainages and refuse collection and disposal.

    She advised residents of the community to take personal hygiene seriously by ensuring that their surrounding are kept clean so they would not have any breeding ground for mosquitoes carrying malaria.

    High Chief of the community, Mallam Muhammadu Sani commended Total for choosing the community for the intervention programme.

    Sani assured the firm that he would work with his cabinet members to ensure that environmental sanitation is carried out in the community on a regular basis.

  • NNPC to grow reserves by 40b barrels reserve

    The Integrated Data Services Limited (IDSL), the premier geological and geophysical subsidiary of the Nigerian National Petroleum Corporation (NNPC), said it is aggressively boosting its seismic data acquisition technologies and capacities to handle 90 per cent of all seismic exploration projects in-country with a view to supporting government’s aspiration of growing the national reserves base to 40billion barrels.

    Its Managing Director, Morrison Tariah, who spoke in in his office in Benin, Edo State, said IDSL was in strategic partnership with BGP of China to capture 90 per cent data acquisition market share in Nigeria and other sub regions in Africa.

    He said the company had 34 young IDSL engineers on board the four Shell offshore seismic projects and also eight of his other engineers in Beijing, China for a year, all undergoing training to boost their capacity.

  • NNPC reaffirms commitment to adequate fuel supply at Easter

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said that the corporation is now accountable for 75 per cent of gas supply to power in the country.

    The volume is about 300 million standard cubic feet per day.

    He reaffirmed the readiness of the NNPC to ensure adequate supply of petroleum products in every nook and cranny of the country during the Easter holidays and beyond.

    Baru, who gave this commitment during the conferment on him of the “Distinguished Merit Award” by the Association of Business Managers and Administrators of Nigeria in Abuja, said the corporation currently had 1.7 billion litres of petrol in stock, equivalent to 35 days sufficiency without adding a drop, saying plans were afoot to increase it to 2.4 billion litres by the end of the month.

    A release by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, stated that the corporation’s helmsman said that currently NNPC was responsible for 75 per cent of gas supply to power in the country to the tune of over 300 million standard cubic feet (Scf) of gas per day.

    The enthused NNPC GMD said he dedicated the award to President Muhammadu Buhari for his support for the oil and gas industry.

    Speaking earlier, the Registrar of the Association of Business Managers and Administrators of Nigeria, Dr. Ike Christopher,  said Dr. Baru was selected for the merit award because of his role in the disappearance of fuel queues from fuel stations, especially during the last Christmas and New Year festivities.

    He noted that the seamless supply of petroleum products had brought about stability in prices of goods and services across the country.

    On the Easter holidays, Dr. Ike advised Nigerians not to engage in panic buying of petrol, saying the NNPC under Dr. Baru had demonstrated the capacity to sustain the seamless supply of petrol in the country during festive periods and beyond.

  • NNPC spends $1.2b on Brass LNG project

    The Nigerian National Petroleum Corporation (NNPC) yesterday said only  $1.2 billion has so far been committed to the Brass LNG project.

    Speaking at the House of Representatives Ad-hoc Committee investigating the expenditure and implementation of the $22 billion Brass LNG project,  General Manager, New LNG Venture of the NNPC, Engr. Ahmed Dikko, said the $1.2 billion was about the total money spent so far by the various shareholders to get the project to its current stage.

    “This sum included the cost of acquiring project land, which covers approximately 606 hectres, cost of early works contract, Front End Engineering Design (FEED), Pre-FEED Concept Evaluation Study (PFCES), Project Environmental Impact Assessment (EIA), comprising both onshore and offshore studies, dredging, EIA activities and ambient noise survey, displacement and settlement action plan (FED-RAP), cultural site heritage study, staff and administration project cost from inception, sustainable development cost, among others,” he said. Dikko said the project which was conceived and designed to assist in monetising the nation’s abundant natural gas resources, reduce gas flaring, and create jobs for the Niger Delta youth, was already at a critical point of Final Investment Decision before its major partner, the Conoco Philips, pulled out.

    He said as contained in the shareholders’ agreement, Conoco Philips, whose investment value was $192 million received only one dollar as entitlement.

    He said the exit of the oil firm was a serious setback, adding that the corporation’s decision to work with the firm to deliver the project was due to its readiness to provide the needed technology to drive the process.

  • NNPC praises Oilserv for OB3 pipeline project

    The Nigerian National Petroleum Corporation has expressed satisfaction with Oilserv Limited’s performance at the ongoing East-West pipeline project, also called Obiafu, Obrikom, Oben (OB3) gas pipeline.

    Oilserv, an engineering, procurement, construction, installation and commissioning company, has been a major player in the sector since its inception in 1992.

    It has contributed to the development of pipelines infrastructure, having executed various projects, including the Greater Lagos pipeline projects 1-4.

    Oilserv is executing the biggest pipeline in the country – OB3 Project (136km x 48 inch). The company, according to NNPC, has demonstrated indigenous capacity and expertise, which used to be the forte of international EPC  firms and has earned a reputation for quality, safety and on-time delivery of projects.

    This was confirmed during a visit to the Gas Treatment Plant (GTP) site of the OB3 Project by the management of the NNPC led by the Chief Operating Officer (COO), Gas and Power, Saidu Mohammed, an engineer, and the Managing Director of the Nigerian Gas Company (NGC), Tunde Bakare, an engineer.

    Impressed by the capacity and progress of Oilserv on the project,  Mohammed said: “This is a project that we have been waiting for in Nigeria and we are glad that the contractor is performing towards bringing light at the end of the tunnel. What I have seen so far is very impressive and the deadline of completing this project is achievable as all materials needed for the completion of the work are on ground.”

    Bakare said: “From what we have seen, Oilserv has done very well. The Gas Treatment Plant (GTP) is massive with a capacity of two billion standard cubic feet per day (2bscf/d). What is left is just the piping and we are sure that by September 2019, we will have the Vice President here to inaugurate the project.”

    Oilserv Chairman Emeka Okwuosa, an engineer, thanking the  NNPC delegation for the inspection, said: “Oilserv with the support of the client, NNPC, has demonstrated that such a huge project can be done locally. The project is quite challenging and Oilserv has always shown commitment in the process of executing the project from engineering and construction. The Gas Treatment Plant (GTP) is the largest that exists in Nigeria and maybe Africa and it is meant to have a capacity of two billion standard cubic feet per day (2bscf/d). A few changes in the entire design, in addition to other issues that came up, led to quite some delays. Be that as it may, the company is racing towards the finishing line and we are sure we will deliver on the new schedule.”

    Apart from building the first gas distribution network  in Nigeria, Oilserv has also built the Greater Lagos Phases I, II,III and IV gas pipeline poject for Gaslink Nigeria Limited and several others using high quality and safety standards.

    They are the Alaoji Gas Transmission Pipeline System for Nigerian Gas Company (NGC), the National Integrated Power Project (NIPP) lots 1 & 2 (Ihovbor, Egbema & Gbarain) for the Niger Delta Power Holding Company (NDPHC).

    Others include the Gas transmission Pipeline System for Geometric Power Limited, Aba, the Akute Independent Power Project for Oando Gas and Power, Oron Gas Transmission Pipeline System for SEPTA Energy, The Southsouth Gas Transmission Pipeline System for East Horizon Gas Company Limited, and Complete Upgrade of Ikeja Metering Station for NGPTC.