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Tag: NNPCL

  • NNPCL, Schlumberger to boost upstream operations

    NNPCL, Schlumberger to boost upstream operations

    As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB) at the weekend signed a technical partnership agreement towards bolstering upstream operations in the country.The agreement was signed at the NNPC Ltd’s Corporate Headquarters in Abuja.

    Speaking shortly after the signing, Group Chief Executive Officer of NNPC Ltd, Mele Kyari described the ongoing reforms within the industry as a trigger for potential release of investments in the short term.

    “Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term. Our physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms Mr. President has put in place; and ultimately, we are already seeing substantial energy going into unlocking opportunities of today,” Kyari stated.

    Highlighting the numerous benefits of the partnership, Kyari said it would lead to increased activity and more drilling campaigns that will add value to the two organisations.

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    He revealed that NNPC was working on a rig share platform with a definite plan around well drilling activities and associated operations in the coming years, which, he further explained, would increase crude oil production and support the ongoing plan to deepen gas utilisation within the country.

    Kyari, who expressed confidence in the long-standing relationship between NNPC Ltd and Schlumberger (SLB), said the NNPC would leverage on the assets within its control to accelerate the values that will come from this partnership.

    “We are counting on Schlumberger (SLB) as our partners of 70 years. We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country,” the GCEO noted.

    Earlier in his remarks, the Chief Executive Officer of Schlumberger (SLB), Mr. Olivier Le Peuch said the agreement was poised to accelerate the achievement of Nigeria’s exploration and production targets, which will foster Nigeria’s economic growth and prosperity.

    “We are here to celebrate the strategic partnership that we signed with EnServ as a technical partner. This agreement is geared towards unlocking the capacities of EnServ for Nigeria, which potentially will help NNPC Ltd to achieve its exploration and production targets. We look forward to using this technical partnership as a springboard to accelerate the vision that the industry needs,” Le Peuch added.

    He noted that as a company that has been on the shores of Nigeria for 70 years, Schlumberger (SLB) remains committed to investing in local talents and building capacity through technology and performance.

     “We are pleased to be at the center of this transition and are in a position where we can bring our technical capability, technology, and capacity to the country so as to support the operations of NNPC Ltd,” he concluded.

  • NNPCL denies ownership of Lagos depot gutted by fire

    NNPCL denies ownership of Lagos depot gutted by fire

    The Nigerian National Petroleum Company Limited (NNPCL) has said that a tank farm in Marine Beach, Apapa, Lagos, that caught fire does not belong to it. 

    Chief Communications officer, Olufemi Soneye, who made this known in a press statement, said the fire was in depot belonging to  HOGL Energy Ltd (Honeywell Depot).

    Read Also: NNPCL cautions against panic buying of petrol

    The statement said: “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the fire incident at a tank farm in Marine Beach, Apapa, Lagos, was at a depot belonging to HOGL Energy Ltd (Honeywell Depot), and not an NNPC Retail Ltd.’s facility as circulated by early responders.”

    Soneye explained that the fire, which has since been extinguished, was as a result of petroleum products spillage within the perimeter of the tank farm.

    According the statement, meanwhile, NNPC Ltd and other depots in the area have resumed loading activities.

    NNPC assures that the incident will, in no way, affect petroleum products supply and distribution across the country. 

  • We have over 1.5bl, says NNPCL

    We have over 1.5bl, says NNPCL

    …warns against panic buying

    The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, May 7, said it has over 1.5 billion litres of Premium Motor Spirit (PMS) petrol, which is enough to last over 30 days.

    This implies an average national consumption of 50 million litres per day.

    The company thus, cautioned the public against panic buying, noting the scarcity of the product is already thinning out in Lagos and the Federal Capital Territory (FCT).

    This was contained in a press statement its chief communications officer, Olufemi Soneye, issued in Abuja.

    The spokesman said: “As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.

    Read Also: Upgrade Tantita security to cover offshore assets, Garry urges Tinubu, NNPCL

    “In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.

    “The company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.”

     The statement noted that NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and security operatives to address hoarding and other unwholesome practices.

  • Upgrade Tantita security to cover offshore assets, Garry urges Tinubu, NNPCL

    Upgrade Tantita security to cover offshore assets, Garry urges Tinubu, NNPCL

    A member of the All Progressives Congress (APC) in Delta State, Hon Stanley Garry, has urged President Bola Ahmed Tinubu and the management of the Nigerian National Petroleum Corporation Limited (NNPCL) to enhance the capabilities of Tantita Security Services to safeguard oil and gas assets offshore.

    In an open letter to President Bola Ahmed Tinubu and copied to Mele Kyari, the CEO of NNPCL, Garry said the proposed upgrade was based on the outstanding track record of the security company in protecting onshore and marine oil and gas assets in the Niger Delta region.

    Garry emphasised that while Tantita has effectively tackled oil bunkering and vandalism in its operational area, there has been a shift by crude oil thieves towards targeting deep-sea assets for illicit activities.

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    Expressing disapproval towards calls for a review of the surveillance contract, Garry advocated for an expansion of responsibilities and opportunities for those who have made positive contributions, stating that they should be rewarded and entrusted with greater responsibilities.

    Garry also cited the example of Tompolo, known for his developmental efforts and significant contributions to the revenue base of NIMASA when his company, Global West, was involved in maritime security and revenue generation for the agency.

    He noted that offshore oil theft has led the country to compromise its oil resources due to the reduced supply of crude oil.

    Garry suggested that in light of Tantita’s commendable track record, which has earned it multiple security awards from various national media outlets, the company should be recognized and entrusted with the surveillance contract for safeguarding deep-sea oil and gas assets.

  • NNPCL opens up reserves to quell scarcity

    NNPCL opens up reserves to quell scarcity

    • Supply has improved, says IPMAN

    Normalcy is gradually returning to the supply and distribution chain of Premium Motor Spirit (PMS) or petrol, following the scarcity of the product in the last three weeks.

    The Nigerian National Petroleum Company Limited (NNPCL) blamed the development on “logistics” issues.

    The improved petrol supply across the country, The Nation gathered yesterday, was not unconnected with the opening up of reserves by the NNPCL for supply to the marketers.

    Confirming the improved supply and distribution of the commodity, Independent Marketers Association of Nigeria (IPMAN) National President Abubakar Maigandi told our correspondent on phone that at the rate the supply and distribution had yesterday, the scarcity would end before this weekend.

    “The situation is better today (yesterday), but will be much better tomorrow (today) when we will get more supplies of the product. The queues have reduced drastically at the filling stations.

    “The supply has been improving day-by-day and we are sure that if the tempo and rate of supply we get continues, then this week, all the backlog supply shortage would have been cleared and normalcy will return,” he said.

    Maigandi praised the NNPCL leadership for speedily resolving the shortage.

    “We, at a meeting with the NNPCL, advised them to open up all the reserves across the states for supply and distribution. They listened, and that is why we are seeing the queues disappearing very quickly now. NNPCL has started supply from their reserves where they have outstanding products,” the union leader said. 

    It was, however, noticed yesterday that some independent marketers were selling the product at higher prices.

    Read Also: Ondo 2024: APC will retain power, says Aiyedatiwa

    In Lagos, the NNPCL retail outlets maintained its price of N568 per litre and N580 per litre in Ogun State.

    Major marketers, including Mobil, sold the product at N605 per litre in Lagos and N800 per litre in Ogun State.

    But most independent marketers in both states sold petrol between N800 and N900 per litre.

    Maigandi described the high prices by some marketers as “exploitative”.

    He added: “You know that Nigerians like to advantage of situations like this scarcity to exploit one another. That is what is happening. But I can assure you that by this weekend, their excesses would have been curbed because everywhere would have been flooded with petrol, so long as the supply trend we have now is not disrupted.”

    The Nation observed yesterday that a number of petrol tankers were heading to various destinations to supply the commodity.

    In the Akute, Ogun State axis alone, four tankers with 45,000 litres capacity laden with PMS were seen heading to various filling stations.

    One of the tanker drivers told our correspondent that the content was for a major marketer along the axis.

  • Fuel crisis: No rhyme and reason

    Fuel crisis: No rhyme and reason

    When it started in Abuja a few weeks ago, I knew that it was just a matter of time before it got to Lagos and other parts of the Southwest. The fear really was for Lagos because of the grave economic implications of petrol scarcity on the mega metropolis. If the state, the commercial nerve centre of the country, is grounded by petrol scarcity, the tottering economy was bound to suffer more.

    This is already happening. Lagos has been under the throes of a biting petrol shortage for over a week now. It may linger as every promise to redeem the situation has failed. What really is the cause of the scarcity, which should be a thing of the past with the removal of petrol subsidy a year ago, this month? The belief was and still is, with the removal of subsidy, petrol will be flowing like water. Is water even flowing anywhere?

    It is erroneous to have compared the potential steady availability of petrol with the free-flow of water, when indeed it is something hard to come by in any part of the country. The removal of subsidy was to be a game-changer, so to say, as petrol will sell at market price, without any need to hoard the product by sellers. One year after, nothing has changed under a much-vaunted game-changing policy.

      With the Nigerian National Petroleum Company Limited (NNPCL) still solely in charge of petrol importation because of the non-functioning of our four refineries, the steady availability of the product, at all times, could not be guaranteed, but this important factor was overlooked for the inherent gain of the policy. Reality is now dawning on everybody. NNPCL is constrained in the discharge of its onerous duty as the sole importer servicing all the other marketers.

    It has been one complaint or the other against the NNPCL by other marketers, the majors especially, which feel that they have been made to hold the short end of the stick under an arrangement which did not consider their own capacity to discharge that function too.

    The prevailing scarcity has disrupted many things just as the ‘logistics disruptions’ which NNPCL blames for the shortage. Logistic is logistic. There are no two words for it, even though it is an amorphous term always employed by individuals and organisations that have something to hide. What kind of logistics is NNPCL talking about here?

    The public has been made to know, from other sources, that it has to do with the discharge of product from the mother vessel to the daughter vessel. The mother vessel brings in the imported product, which is discharged into the daughter vessel before being transported to the depots. This is not the first time we are hearing about this mother-daughter vessels’ thing, but should it be a problem too hard to solve that it will be recurring to disrupt supply? The answer is NO.

    NNPCL’s excuse for this scarcity is untenable. It said the issue will be resolved within five days. Those five days have since passed without respite for motorists, many of who now sleep at filling stations in order to get petrol, which is being sold at cutthroat prices by some independent marketers. On Sunday morning, I unknowingly bought at N800 per litre at an outlet in Lagos.

    Read Also: ‘Edo APC Dep Gov candidate Idahosa not arrested in Europe’

    Unknowingly because I had already paid with my debit card before I looked up at the meter and found that it was computed at N800 per litre. I asked and the attendant said it was N800 per litre, an amount which was not displayed on the outlet’s price board at its entrance. In fact, the board was blank. I was caught unawares, like many other motorists who would not have patronised the outlet if they knew the price beforehand.

    This is no time to tell motorists and other users to follow strictly the dictum: buyer beware (caveat emptor) before heading into any outlet to get petrol when the product is not readily available, despite again, NNPCL’s assurance that it has enough stock to last 30 days. Where is the product, if I may ask. Motorists are wasting precious manhours at filling stations queuing for petrol which they are not sure to get.

    In some outlets, the product now sells for as high as N1000 per litre – in an unwilling buyer, but willing seller market. The suffering is too much. Independent marketers have said it would take two weeks for the queues to disappear. Why then did NNPCL tell us five days? It is disheartening that petrol scarcity is still the nation’s lot despite the removal of subsidy which is supposed to ensure a steady and sustainable availability of the product all-year round.

    We are in May, the fifth month of the year in which we returned to democracy in 1999 on its 29th day. It is sad that we are going to mark the first year of both this administration and the removal of petrol subsidy, this way, in the month.

  • Ọ̀wọ́ngógó epo bẹntiróòlù: Àwọn aṣòfin ránṣẹ́ pe mínísítà

    Ọ̀wọ́ngógó epo bẹntiróòlù: Àwọn aṣòfin ránṣẹ́ pe mínísítà

    *Òpin ò ní í pẹ́ẹ́ dé bá a-Àjọ NNPCL

    Latari inira to n dojukọ awọn ọmọ ilẹ Naijiria lori ọwọngogo epo bẹntiroolu, ana, ọjọ Iṣẹgun, Tusidee, ni awọn ọmọ ileegbimọ aṣoju-ṣofin ilẹ wa ranṣẹ pe minisita kekere to n ri sọrọ epo bẹntiroolu, Heineken Lokpobiri, pe ko waa ṣalaye ọna to fẹẹ gba lati wa ojutuu sọrọ ọhun. Ṣugbọn ṣa, ṣe ni ajọ to n ri sọrọ epo rọbi nilẹ wa, iyẹn NNPCL ati awọn to  jẹ alagbata epo bẹntiroolu ni pe awọn ti yanju iṣoro to fa ọwọn epo yii. Pẹlu gbogbo ọrọ ti awọn mejeeji sọ yii, niṣe ni epo bẹntiroolu ṣi wọn kaakiri ilẹ wa, ti awọn ọkọ si n to ni ọpọ ileepo.

    Ko too di pe awọn aṣofin ranṣẹ pe minisita yii ni wọn ti fi aidunnu wọn han si inira ti awọn ọmọ Naijiria n koju lasiko yii ki wọn too ri epo ra. Ṣe ni wọn ni iyalẹnu lo jẹ fun awọn pe ileeṣẹ NNPCL ko ti i wa ojutuu sọrọ yii pẹlu ọpọ epo to wa nikaawọ rẹ.

         Nigba ti ileeṣẹ NNPCL n sọrọ, wọn ni awọn nigbagbọ pe iṣoro to wa nidii epo bẹntiroolu yoo yanju lonii, ti ko si ni i si ọrọ tito fun epo nibi kankan mọ kaakiri orileede yii. Ẹgbẹ MEMAN naa tun sọ pe awọn ọmọ ẹgbẹ oun ti bẹrẹ si i gbe epo nibudo ti wọn ṣe epo bẹntiroolu lọjọ si ni Apapa ati awọn ibomi-in nipinlẹ Eko, ti ireti si wa pe laipẹ ni ojutuu yoo de sọrọ ọwọngogo epo bẹntiroolu naa.

    Bakan naa, ṣe ni ẹgbẹ awọn alagbata epo bẹntiroolu Independent Petroleum Marketers Association of Nigeria (IPMAN), dunkooko mọ ijọba apapọ pe awọn yoo paṣẹ fun awọn ọmọ ẹgbẹ awọn lati gbe awọn ileepo tipa ti ijọba o ba san gbese igba biliọnu Naira ti wọn jẹ awọn lasiko ti owo iranwọ epo ṣi wa. Alaga ẹgbẹ naa, ẹka ti ibudo epo Aba, Oliver Okolo, lo ṣalaye ọrọ yii fawọn oniroyin. O ni ti awọn ba fi le gbe igbesẹ yii, inira nla ni yoo mu de ba awọn ọmọ Naijiria, idi niyẹn ti awọn ṣe n rọ ijọba apapọ lati ṣe ohun to yẹ ki wọn ṣe.

    Titi di asiko ti a ko iroyin yii jọ, niṣe ni ọwọngogo epo ṣi gbode kan kaakiri awọn ipinlẹ lorileede wa.

  • NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRC

    NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRC

    The Port Harcourt Refining Company (PHRC) a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) on Thursday, April 25, signed a share subscription agreement with African Refinery for the colocation of a 100,000-capacity refinery with the complex of PHRC.

    NNPCL disclosed this on its social media handles, noting that the pact will culminate in the supply of Premium Motor Spirit (PMS) petrol and automotive Gas Oil (AGO) diesel. Aviation Turbine Kerosene (ATK) and Liquefied Petroleum Gas (LPG) known as cooking gas.

    The company added that the agreement will lead to the supply of other petroleum products to the domestic and international markets.

    According to NNPCL, it will also generate employment opportunities for Nigerians.

    It said: “NNPC Ltd.’s move to boost local refining capacity witnessed a boost today with the signing of a share subscription agreement between the Port Harcourt Refining Company (PHRC) and African Refinery for the co-location of a 100,000bpd capacity refinery within the PHRC complex.

    “The signing of the agreement is a significant step towards setting in motion the process of building a new refinery which, when fully operational, will supply PMS, AGO, ATK, LPG, and other petroleum products to the local and international markets and provide employment opportunities for Nigerians, said NNPCL.”

  • Reps joint panel summons NNPCL, oil firms, agencies over environmental degradation

    Reps joint panel summons NNPCL, oil firms, agencies over environmental degradation

    A joint committee of the House of Representatives has summoned the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, to appear before it on May 8 over an investigation into environmental degradation caused by the activities of oil companies in oil producing communities.

    The Chairman of the House Committee on Environment, Pondi Julius Gbabojor, announced the summons yesterday during a hearing on the need to investigate the service and unprecedented environmental damage within the oil producing communities.

    Read Also: OML 85 boost for oil production NNPCL, First E&P JV commence operation

    Also to appear before the joint committee are the chief executives of some oil companies and relevant government agencies.

    The House committees include those of Environment, Petroleum Resources (Upstream), Petroleum Resources (Downstream), and Climate Change.

    Gbabojor said the matter to be addressed is critical, threatening appropriate sanctions, if those invited failed to turn up.

    Besides the NNPCL, other oil companies summoned include Chevron Nigeria Limited, Mobil Producing Nigeria Unlimited, Total Energies, Oando Oil Limited, Shell Petroleum Development Company of Nigeria Limited, Seplat Energy, among others.

  • OML 85 boost for oil production NNPCL, First E&P JV commence operation

    OML 85 boost for oil production NNPCL, First E&P JV commence operation

    Nigeria brightened her chances of increasing its oil production output at the weekend as the Nigerian National Petroleum Company Limited (NNPCL) and FIRST Exploration and Petroleum Development Company Limited (FIRST E&P) Joint Venture announced the commencement of oil production from the Madu Field in Oil Mining Lease (OML) 85.

    OML 85 is in the shallow waters offshore Bayelsa State (Nigeria), with FIRST E&P as operator on behalf of the NNPC/FIRST E&P Joint Venture (JV).

    Madu Oil Field has significant oil, gas, and condensate resources in multiple-stacked reservoirs.The Field, which lies 23km northwest of the JV’s other producing asset – Anyala – is expected to produce an average of 20,000 barrels per day, ramping up joint production capacity for the Anyala and Madu fields to 60,000 barrels per day.

    The Group Chief Executive Officer, NNPCL, Mele Kyari, described the commencement of oil production at Madu Field as a significant milestone that will contribute to the larger goal of meeting the production required to drive revenue growth and boost the nation’s economy.

    Kyari explained that the addition of 20,000 barrels per day by an indigenous oil player signalled the commitment of stakeholders to facilitating the nation’s economic development.

    Also, the Managing Director, FIRST E&P, Ademola Adeyemi-Bero, stated that the achievement underscores FIRST E&P’s commitment to delivering value to its stakeholders while contributing to the energy needs of the nation and beyond.

    Read Also: Reps joint committee summons NNPCL boss Kyari over environmental degradation

    Emphasising the significance of the development, Adeyemi-Bero stated:  “Achieving production from the Madu Field is a milestone event and an integral part of our long-term strategy. With this, we have further demonstrated that FIRST E&P is committed to delivering sustained growth and impact in the dynamic energy landscape.

    “We remain steadfast in our pursuit of operational excellence and look forward to contributing even more to the prosperity of the communities in which we operate and to the nation as a whole.”

    He further noted that the achievement is a testament to President Bola Tinubu’s success in rallying the industry to ramp up hydrocarbon production by creating an enabling environment for current industry players and prospective investors.

    It would be recalled that the NNPC/FIRST E&P JV commenced the greenfield development of the Madu and Anyala Fields after taking Final Investment Decision (“FID”) on both fields in 2018. The crude oil from Madu field will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading (“FPSO”) Unit, which has a crude oil storage capacity of up to 800,000bbls.