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Look beyond train 7, Kyari tells NLNG mgt.

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has urged management of Nigerian Liquefied Natural Gas (NLNG) to look beyond the execution of the final investment decision (FID) on Train-7.

The final investment decision is billed for October 2019.

Kyari disclosed this while receiving the top-level NLNG management team, led by its Managing Director, Mr Tony Attah, at the NNPC Towers on Tuesday in Abuja.

Kyari, in a statement issued by Mr Ndu ughamadu, the NNPC Spokesman, charged the company to consider the October Train-7 FID on the project as a done deal.

He noted that the focus should be on “what else can we do beyond Train7 to expand NLNG operations?’’

Nigeria News Agency reports that the eight million tonnes per annum (MTPA) Train-7 project is designed to expand the company’s production capacity from 22 MTPA to 30 MTPA.

He assured NLNG of the unflinching commitment of the Federal Government and the NNPC management in the future expansion drive of NLNG.

“All obstacles that could impede the actualisation of the Train-7 FID project should be promptly identified and removed ahead of the October 2019 timeline,” he said.

Earlier in his presentation, Attah applauded the historic role of the NNPC in the successful midwife of NLNG 30 years ago through ‘sheer vision and sense of purpose’.

He said that the company would be relying on the usual invaluable support from the corporation to achieve the successful execution of the Train-7 FID project and lots more.

The NLNG managing director said that the project would generate 12,000 jobs, with massive boost on the nation’s economy.

 

Oil & Gas

NNPC declares N5.20b trading surplus in August

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The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20billion trading surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surplus posted in July.

The corporation disclosed this in its Monthly Financial and Operations Report (MFOR) for the month of August released in Abuja on Sunday.

It attributed the appreciable increase of 22 per cent within the period under review to largely the improved surplus posted by the Nigerian Petroleum Development Company (NPDC).

It explained that the percentage increase in performance of the company evened out with the decline in the performance of Nigeria Gas Company (NGC) vis-à-vis July figures.

It added that the increased surplus posted by Duke Oil and the reduced deficit by the Nigerian Pipelines and Storage Company (NPSC) equally bolstered the figures for the month, according to the report.

A summary of NNPC’s Group Operating Revenue and Expenditure for the month under review indicated that it increased by 7.58 per cent at ₦540.60billion, reflecting an increase of ₦38.10billion compared with the previous month’s performance.

It further added that the expenditure for the month followed a similar trend with increase of 7.46 per cent or ₦37.16billion, to reach ₦535.40billion during the month under review.

It declared that the proportion of expenditure to revenue was almost at par for the current month as well as in July 2019.

In the Downstream Sector of the corporation’s operations, the report noted that ₦233.42billion was made on the sale of white products by the Petroleum Products Marketing Company (PPMC), the Downstream subsidiary of the NNPC in August compared to ₦214.70 billion sales in July.

“Total revenues generated from the sales of white products for the period August 2018 to August 2019 stood at ₦2,687.29billion, with PMS contributing about 95.19 per cent of the total sales valued at ₦2,558.13billion.

“Volume wise, 1.917billion litres of white products were sold and distributed by PPMC in the month under review, compared with 1.744billion litres in July 2019.

“This comprised 1.92billion litres of PMS and 0.00030billion litres of Automotive Gas Oil, otherwise called diesel.

“Total sale of white products for the period: August 2018 to August 2019 stood at 21.49billion litres, with PMS accounting for 20.82billion litres or 96.9 per cent,” it said

In the Gas Sector, it said that out of the 1,174.97million Standard Cubic Feet (mmscfd) of gas supplied to the domestic market in August, about 666.15mmscfd of gas representing 56.69 per cent was supplied to Gas-Fired power plants.

According to the report, the balance of 508.82mmscfd or 43.31 per cent was supplied to other industries.

“Similarly, for the period: August 2018 to August 2019, an average of 1,211.08mmscfd of gas was supplied to the domestic market, comprising an average of 723.77mmscfd or 59.76 per cent as gas supply to power and 482.32mmscfd or 40.24 per cent as gas supply to industries,” the report revealed.

Nigeria News Agency reports that the report is the 49th edition of the corporation’s publication.

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Oil & Gas

NCDMB says 70 per cent Nigerian content by 2027 still achievable

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Mr Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), says the board’s 10-year plan to achieve 70 per cent Nigerian content in the oil and gas sector remains realisable.

Wabote, represented by Dr Gina Gina, General Manager, Corporate Communications at NCDMB, spoke at a workshop for media stakeholders in South-South region on Friday in Port Harcourt.

According to him, the board plans to retain the services of Nigerians in providing goods and services by growing capacity and competencies, where 20 billion dollars is spent annually.

He said that the Federal Government was using the local content policy target to ensure that citizens derived more value from the sector.

The executive secretary further said that the board had grown Nigerian content from about five per cent before establishment of NCDMB in 2010 to 30 per cent in 2019.

He said that on assumption of duty in 2017, the board under his watch set the 70 per cent target for a 10-year period.

“The aim is to drive a process of ensuring that at least 14 billion dollars of the 20 billion dollars spent annually in the sector is retained in the country,’’ Wabote said.

He said that NCDMB’s efforts in growing the capacity of indigenes in the oil and gas sector reduced the number of expatriates by at least 1,000, which also reduced capital flight.

He further said that the agency had achieved financial autonomy by ensuring that indigenous companies were given priority in contracts by International Oil Companies through its monitoring mechanism.

Also, Prof. Godwin Okon, of the Department of Mass Communication, River State University, spoke on “Evolving trends in media reportage and improving writing competence of Energy Correspondents.’’

Okon said that society relied on the mass media to understand the complexities of the oil sector.

He said that the communication skills of the reporter should be deployed to interpret and make oil and gas sector meaningful to the average Nigerian.

Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB) says its 10-year plan to achieve 70 per cent content in the oil sector remains achievable.

Wabote, represented by Dr Gina Gina, General Manager, Corporate Communications at NCDMB spoke at a workshop for media stakeholders in South-South region on Friday in Port Harcourt.

According to him, the board plans to retain the services of Nigerians in providing goods and services by growing capacity and competencies where 20 billion dollars is spent annually.

He said that the Federal Government was using the local content policy target to ensure that citizens derive more value from the sector.

The executive secretary noted that the board had grown Nigerian content from about five percent before establishment of NCDMB in 2010 to 30 per cent in 2019.

He said that on assumption of duty in 2017, the NCDMB under his watch set the 70 per cent target for a 10 year period.

“The aim is to drive a process of ensuring that at least 14 billion dollars out of the 20 billion dollars spent annually in the sector is retained in the country,’’ he said.

Wabote noted that NCDMB’s efforts in growing the capacity of indigenes in the oil and gas sector reduced the number of expatriates by at least 1,000 and reduced capital flight.

He further said that the agency had also achieved financial autonomy by ensuring that indigenous companies are given priority in contracts by International Oil Companies through its monitoring mechanism.

Also, Prof Godwin Okon, Department of Mass Communication, River State University spoke on: “ Evolving Trends in Media Reportage and Improving Writing Competence of Energy Correspondents’’.

Okon said that the society relied on the mass media to understand the complexities of the oil sector.

He noted that the communication skills of the reporter should be deployed to interprets and make oil and gas sector meaningful to the average Nigerian.

He said that the role of the media in highlighting opportunities in the sector could fast track the attainment of the 70 per cent Nigerian Content target by 2027.

Earlier in his opening remarks, Mr Naboth Onyesoh, Manager, Corporate Communications said that the Nigerian Content policy had become imperative because of its cost advantage as opposed to relying on foreign interests.

Onyesoh said that although the sector was dependent on advanced technology, the NCDM had provided a platform for Nigerians to participate in projects that are hitherto undertaken by foreign concerns.

He sought for continued collaboration with the media to showcase the opportunities created by NCDMB for indigenes in the oil and gas sector.

He said that it would help to ensure the attainment of the 70 per cent Nigerian content target.

————-

Edited by: Chinyere Bassey

(NAN)

nathannwakamma@yahoo.com ()

 

 

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Oil & Gas

NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7

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The Nigeria National Petroleum Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the first basic 20-year term of Gas Supply Agreements (GSAs) for the NLNG Train 7.

They also signed 10-year term of GSAs for Trains 1, 2 and 3.

The JV partners are Shell Petroleum Development Company of Nigeria (SPDC), Total Exploration and Production Nigeria (TEPNG), Nigerian Agip Oil company Limited (NAOC) and Oando PLC.

The Group Managing Director of NNPC, Malam Mele Kyari, said that the agreement signalled commitment of all to the gas project in the country.

He said that the GSAs bring NLNG closer to taking Final Investment Decision (FID) which signalled the commencement of the project.

He said that with the agreement, the FID on train seven would be taken latest Dec. 20.

“The Train 7 project will ramp up NLNG’s production capacity from 22 Million Tonnes Per Annum (MTPA) to around 30 MTPA.

“The project will form part of the investment of over19 billion dollars including the upstream scope of the NLNG value chain, thereby boosting the much needed FID profile of Nigeria.

“The project is anticipated to create over 10,000 new jobs during its construction phase and on completion help to further mop more gas that would have been flared and diversify the revenue portfolio of Nigeria,” he said.

The Managing Director of Shell, Mr Osagie Okunbor, said that delivering gas to train 7 was an important part of the project.

He said Nigeria at this point should not be talking about train 7 but should be looking at train eight to train 12.

“But what we have done here today is very significant and we believe that more will be done in the future,” he said

Also, Patrick Olima of Total assured that the company would be committed to the supply of gas as signed in the agreement.

“We are committed in doing business in Nigeria just like we have done with Egina FPSO, we will do same with this project,” he said.

Mr Wale Tinubu, Managing Director of Oando, reiterated that his company would be committed to the agreement.

“We are happy to be part of this process,” he said.

In his remarks, Mr Tony Attah, the Managing Director of NLNG, said that signing of the agreement was a great moment for the NLNG.

He said that with FID on train 7, Nigeria was moving in the right direction.

“What we have done today is among the top three things needed before the FID is taken; without this, financiers will not come for train 7.

“We are happy with the commitment of the partners that have signed this agreement today; this agreement will further consolidate our relationship.

“We need to move fast as a country to maintain a strong position in the global space.

“Nigeria at this stage should not be talking only about train 7 but we should be talking about Train 12,” he said.

He added that with full implementation of the GSA would spur NLNG to build more trains.

Edited by: Donald Ugwu

(NAN)

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Oil & Gas

DPR aligns with ministerial mandate for oil, gas sector – Shakur

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The Department of Petroleum Resources (DPR) says it has aligned its deliverables with the ministerial mandate for the oil and gas sector in Nigeria.

Mr Paul Osu, Head, Public Affairs, DPR in a statement issued on Friday in Lagos said the agency’s Director, Mr Rufai Shakur, made this known at the DPR Strategic Management Retreat in Abuja.

Shakur said the objective of the retreat was to cascade down the ministerial mandate to all staffers of the agency.

He said it was also to enable DPR provide the necessary regulatory oversight for the oil and gas sector and achieve the next level agenda of the government.

Shakur said the ministerial deliverables include eradication of smuggling of petrol across Nigerian borders and complete gas flare commercialisation programme.

According to him, they also include increase in crude oil production to three million barrels, reduction in the cost of oil extraction, promoting the passage of the petroleum industry bill, increasing domestic refining capacity and creating jobs for Nigerian youths.

He said that the strategic management retreat would further assist the DPR to sustain the tempo of ongoing reforms in the agency, which was geared toward aligning with the agency’s vision of being a world class regulatory agency.

Shakur tasked the top management of the agency to ensure total alignment of their divisions and zones to the ministerial deliverables as it had been embedded into the DPR’s corporate strategy.

Also, Chief Timipre Sylva, Minister of State for Petroleum Resources, who was the special guest commended DPR for the retreat.

Sylva noted that there must be a shared vision by all players in the industry for progress to be achieved.

He emphasised that the ministerial deliverables must cascade down to all staff as it was the duty of everyone to ensure the success of the mandate.

The minister recalled that the deliverables was a product of the ministerial retreat he had earlier in the year, and reiterated that DPR, being the core of the oil and gas sector of Nigeria, must ensure the successful delivery of the mandate.

He enjoined the department to swing into action as he had dubbed 2020 the year to deliver and begin the actualisation of the oil and gas industry roadmap.

Edited by: Emmanuel Okara/Oluwole Sogunle

(NAN)

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Nigeria’s Omar Farouk appointed APPO Secretary General

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The African Petroleum Producers Association has appointed Dr Omar Farouk Ibrahim as its  new Secretary General.

Before the appointment, Ibrahim  was a Group General Manager, International Energy Relations for the Nigerian National Petroleum Corporation (NNPC).

The appointment was announced in a communiqué issued at the end of APPO Council of Ministers in Abuja on Thursday.

It also named Mr Waeil All Atharam as Director, Rilwanu Lukaman Research and Development Centre and Mme Maha Fouda Attia as Director Support Services.

It said the Council of Ministers unanimously appointed Minister for Petroleum of Republic of Niger and Minister of Energy of Popular Democratic Republic of Algeria as APPO  President and Vice-President for 2020 respectively.

The council invited member countries that had not subscribed to capital of African Energy Investment Corporation (AEICORP) to do so.

It further extended the tenure of the Managing Director of AEICORP to  the first General meeting of the shareholders of AEICORP.

It congratulated Nigeria on provisional maintenance  of APPO headquarters in Abuja, pending its final decision and successful end of transition.

It also thanked President Muhammadu Buhari for his support and hosting of the meeting.

The council agreed to retain the APPO Headquarters in Congo.

It instructed the secretary general to recover APPO assets from ex-group II staff whose contract terminated in May and also terminate contracts of Group III Staff effective Dec.31.

Edited by: Chukwudi Ekezie
(NAN)
(NAN)

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Oil & Gas

Buhari tasks APPO member countries to be objective in decision making

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  President Muhammadu Buhari has called on African Petroleum Producers Association (APPO) member countries to be objective in taking decision for the growth of the oil and gas industry in the continent.

Buhari made the call while declaring open APPO Council of Ministers meeting in Abuja on Thursday.

The president was represented by the Minister of State for Petroleum Resources, Chief Timipre Sylva.

“I understand that Nigeria has completed its assignment and is ready to submit final report to the Council of Ministers. As APPO ministers meet to deliberate on the report today, I urge you all to be objective and put the general interest of all above the interest of one.

“You have very important decision to take, decisions that may make or mar the organisation.

“I urge you all to look beyond particular or regional interests to the general interest. “I urge you to dispassionately discuss the issues and take decision that will strengthen APPO,’’ he said.

He also tasked the group to take good decisions on the recapitalisation of its development arm, renamed as African Energy Investment Corporation (AEICORP).

According to him, the reform of APPO has been extended to AEICORP, noting that a lot of recommendation made to APPO ministers has been approved.

“Among the changes introduced are the opening up of equity ownership to private and financial institutions.“

Others, he said, were recapitalisation of equity to one billion dollars and establishment of a new Board of Directors with membership from both private and public sector.

“In other words, AEICORP shall not be solely owned by sovereign countries of APPO anymore.’’

The president noted that the importance of AEICORP could not be over emphasised, given the global paradigm shift from oil as energy source and at the time when more oil and gas were found in Africa.

“Without the required funds, these oil reserves will remain in the ground and un-accessed while people go without energy.

“Africa has 600 million out of the 850 million people in the world who do not have access to modern energy. We need to exploit what we have to take our people out of the energy poverty and by extension, economic poverty.’’

Buhari further urged member countries to make equity subscription to AEICORP, to ensure consequential investment by Sovereign Wealth Funds, National Oil companies or any other designate member or non member of APPO.

In his remarks, Mr  Mahaman Gaya, APPO Secretary-General, commended Nigeria for the role it played in ensuring that APPO existed and for hosting the meeting.

He said that there was the need for APPO to strategise to support the growth of the oil and gas sector in the continent.

According to him, leaders of the member countries must show political will to support the various decisions of the organisaation while stakeholders in the industry must also support APPO.

“We must make every effort to support APPO to thrive so that African countries would develop with the wealth of oil reserve in the region,’’ he said

Earlier, speaking in his capacity as the Minister of State Petroleum Resource, Sylva said that Nigeria had completed the assignment on implementation of reforms given to it by APPO Council of Ministers resolution No. 268 of April 2, 2019 at Malabo.

He said that it would submit its final report to the council of minister for consideration and approval.

“Some of the key decisions expected to be taken at this meeting include the choice of host country for APPO Headquarters and the selection of a new Secretary-General and some Key officers of APPO Secretariat.’’

According to him, the recapitlisation of the AEICORP will also be part of the major decision to be taken at the meeting.

“It is my hope that this honourable council will consider every issue objectively, taking the interest of this organisation above personal or country consideration.

“We must bear in mind that whatever decision we take at this meeting will have direct impact on the existence or otherwise of this organisation,’’ he said

provide platform for cooperation, collaboration  and knowledge sharing among African oil producing countries.

The APPO member countries are: Nigeria, Algeria, Angola, Benin, Cameroon, Congo, Equitorial Guinea, Libya, Niger, Côte d’Ivoire, Mauritania, Sudan, Garbon, Chad,Egypt,  Ghana, DR Congo and South Africa.

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Petroleum ministry warns public to discountenance fake Sylva’s social media accounts

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The Ministry of Petroleum Resources has advised the public to discountenance messages from pseudo social media profiles, pages, accounts and groups bearing the name of the Minister of State for Petroleum, Chief Timipre Sylva.

Mr Julius Bokoru, Special Assistant on Media and Public Affairs to the Minister, gave the advice in a statement obtained by the Nigeria News Agency on Thursday in Lagos.

He said: ” The minister of state for petroleum resources will not solicit, trade or offer deals, politically or otherwise, via social media platforms.

” Presently, his personal social media accounts are yet to be made public and will be communicated in due time.

The public is advised to discountenance messages from pseudo social media profiles, pages, accounts and groups bearing Sylva’s name.

Bokoru noted that there were official channels that could be accessed for reliable and accurate information concerning Sylva’s activities, especially within the oil and gas sector.

He said they are:” Facebook: facebook.com/fmprng, Twitter: twitter.com/fmprng and Instagram: instagram.com/fmprng.”

Edited by: Buhari Bolaji/Oluwole Sogunle
(NAN)
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Niger Delta

Shell takes free eyecare services to host community in Bayelsa

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Hundreds of residents of Gbarantoru in Yenagoa Local Government Area (LGA) of Bayelsa on Wednesday received free eyecare services sponsored by Shell Petroleum Development Company (SPDC).

Nigeria News Agency reports that more than 300 people have so far received consultations from eye care specialists and got prescriptions.

The eye care team comprising of Ophthalmologists and eye care support team prepared prescribed glasses and dispensed eye drops and medicines.

The eye care experts took time to educate patients awaiting treatment on ways of taking care of their eyes and how to avoid loss of vision as well as how to manage diagnosed eye problems.

Master Joel Opuike, a 13-year-old, said that he was examined by an ophthalmologist and given some drugs to take care of constant itching in his eyes, a condition that hampered his academic activities in school.

I met an eye doctor and he looked into my eyes and heard complains on the difficulties I have with seeing.

I was given some drugs that will take care of the issue and I am very happy and believe that I will be all right,” Opuike said.

Chief Aseibi Saidu said that he received eye care medications and applauded SPDC for the gesture.

Mrs Jane Ineikemi , 76,  said that she was given some eye drops and medicine to take care of her vision.

Speaking on behalf of the Gbarantoru Community, Chief Izontimi Inemotimi, Deputy Paramount Ruler, expressed appreciation to SPDC, adding that the eye care mission was of immense benefit to the people of the area.

He appealed to the oil firm to sustain the exercise and make it a periodic event as people came from far flung communities for the outreach.

Edited by: Chioma Ugboma/Donald Ugwu
(NAN)
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Oil & Gas

NLNG signs sales deal with Vitol SA on Train 1, 2 and 3

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The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

NLNG disclosed this in a statement signed by Eyono Fatayi-Williams General Manager, External Relations, and  made available to newsmen in Abuja, on Wednesday.

Vitol is an energy and commodities company with focus on trading and distribution of energy products globally.

The General Manager said that the agreement was for the supply of 0.5mtpa of LNG for a 10 year term on a Delivered Ex-ship basis commencing from October 2021.

He said the agreement underscored NLNG’s drive for mutually beneficial partnerships to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to remain the energy partner of choice to renewables.

Fatayi-Williams said in the agreement, NLNG and Vitol SA would bring into partnership, a wealth of global presence, market reach, and experience in LNG operations.

He aid that Mr Tony Attah, Managing Director of NLNG signed on behalf of the company while Pablo Galante Escobar, Global Head of LNG, Vitol S.A., signed for Vitol SPA

NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation, Shell Gas B.V., Total Gaz Electricite Holdings France, and Eni International N.A. N. V. S.àr.l .

Edited by: Ese E. Ekama
(NAN)
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