Energy
Sahara Group Unveils 2060 Net Zero Plan To Drive Sustainability
Leading energy and infrastructure conglomerate, Sahara Group has stated its commitment to transform into a net zero business entity by 2060 as it continues to align operations to facilitate greener and cleaner energy solutions.
The Corporate Communications Department, Sahara Group, made the disclosure in a statement on Tuesday signed by Bethel Obioma.
According to the statement, Director, Governance and Sustainability, Sahara Group, Ejiro Gray, made the assertion during the presentation of the group’s 2022 sustainability report, titled, “Energising Innovative Solutions for Sustainable Development.”
She said, “We have initiated the development of our Energy Transition Plan, which outlines a comprehensive framework of short- to long-term energy transition actions, accompanied by our resolute commitment to reducing our operational carbon footprint,”
Gray maintained that it was Sahara Group’s aspiration to transition into a net zero business entity before or by the year 2060.
“To this end, we aim to launch projects that will provide evidence-based insights regarding how to mitigate, reduce and eliminate our operating emissions, setting ambitious yet achievable targets for operational efficiency.
“As a global energy firm that plays a distinctive role in powering economic growth, we recognise the inherent responsibility we bear in contributing to the realisation of an equitable energy transition strategy,” she added.
Gray explained that the plan would cover Sahara Group’s operations in upstream, midstream, downstream, power and infrastructure sectors in over 42 countries across Africa, Asia, Europe, and the Middle East.
“As a foremost energy conglomerate invested in bringing energy to life responsibly, we consider our net zero plan as integral to the sustainability of our business and more importantly, our contribution to global efforts geared towards building a healthier, cleaner and more productive planet Earth for future generations,” she pointed out.
According to Gray, Sahara Group conducted a thorough GHG (Greenhouse Gas) emissions audit across its businesses for the 2019-2021 period, establishing baseline data for scope 1 and 2 emissions.
Gray maintained that, “This enables us to effectively analyze, track, and control our environmental impact in a transparent and consistent manner. The collected data will inform our efforts to mitigate environmental risks and align with our Energy Transition Plan.”
Biztellers reports that Sahara Group’s 2022 sustainability report provides critical information regarding the environmental, social, and corporate governance impacts resulting from its business operations spanning January 1 to December 31, 2022.
The scope of the report encompasses the following businesses within the Sahara Group: Upstream Operations (Asharami Energy), Midstream Operations (Sahara Trade), Downstream Operations (Asharami Synergy), Power (Generation and Distribution) – Egbin Power, First Independent Power Limited (FIPL) and Ikeja Electric (IE). It also includes a report on the Group’s Social Impact vehicle, the Sahara Group Foundation.
“As a prominent business within our industry, we surmounted numerous challenges in 2022, achieving noteworthy performance across the economic, social, environmental, and governance indicators. We would like to express our sincerest appreciation to all those who have placed their trust in our commitment to conducting business in a sustainable and responsible manner,” Gray stated.
It was gathered that an integrated approach was adopted in the report, leading to consolidated disclosures across the Group, while performance was documented across four fundamental sustainability pillars: Principles of Governance, Planet, People, and Prosperity.
These pillars serve as a framework in adherence to the Global Reporting Initiative (GRI) Standards, which facilitate robust measurement and reporting practices.
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) rode on new wells, optimized reservoir and optimal facility management to produce more oil at Bonga in 2023 than the previous one, a review of operations has shown.
Biztellers reports that Nigeria’s first deep-water development produced some 138,000 barrels of oil per day (boepd) in 2023 compared to around 101,000 in 2022.
The improvement, Biztellers gathered, was driven by drilling of new wells, optimising reservoir and facility management and excellent asset management, inter alia.
Managing Director, SNEPCo, Elohor Aiboni, said, “Bonga continues to justify the investments and hard work that led to its discovery.
“The uptick in production is the result of commitment by staff, continuous improvements in production processes and maintenance and the support of the Nigerian National Petroleum Company Ltd (NNPC) and our co-venture partners – TotalEnergies Nigeria Limited, Nigerian Agip Exploration and Esso Exploration and Production Nigeria Limited.
“Working together, we will continue to power lives and deliver value to all stakeholders.”
Recall that Bonga began production in November 2005 through the 225,000-barrels-per-day capacity Bonga FPSO, anchored 120 kilometres offshore. The FPSO exported the 1 billionth barrel of oil last year.
The operations have resulted in remittance of taxes and royalties to the Government of Nigeria to finance development, development of indigenous contactors and service providers, and a wide-ranging social investment portfolio which has improved lives across the country.
The Nigerian Content Development and Monitoring Board (NCDMB) has reassured industry stakeholders that oil and gas service companies that have established capacities in the country will continue to enjoy patronage.
The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made this commitment on Friday in Port Harcourt, Rivers State when he led officials of the Board and Shell Petroleum Development Company of Nigeria (SPDC) to visit companies that deliver pipe coating and related services.
The team visited Brightwaters Energy Limited, formerly known as Willbros Nigeria Ltd, Solewant Nigeria Limited and Pipe Coaters Nigeria, managed by Tenaris Nigeria Ltd.
According to the ES, the visits were to assess the companies’ facilities and determine how the Board can galvanize the industry to patronise them.
He underscored the importance of getting first-hand information on in-country capabilities before making key decisions on oil and gas projects. He insisted that operating companies must support and patronise local oil and gas service companies in compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
Ogbe emphasized that activities in the Nigerian oil and gas industry must be used to create employment opportunities for the nation’s teeming youths and help to resuscitate the economy, in line with the aspirations of President Ahmed Bola Tinubu.
The Chief Executive Officer of Brightwaters Energy Limited, Scott Gregory thanked the ES for leading the visit while highlighting that Brightwaters carried out Nigeria’s first pipe coating in 1962.
He recalled that the facility had 3,000 employees some years back, executing various spheres of oil and gas projects. He conveyed the management’s aspiration to return the
firm to those high-performance levels and sought the Board’s support to win oil and gas projects that would resuscitate the sprawling facility.
“We feel that we can be a positive contributor to Nigeria through the capacities that we have. We want to bring real, true value to the table,” he added.
He admitted that the coating facility had suffered downtime, but assured that the plant would be up and running within 60 days of the award of a new contract.
The Chairman of Tenaris Nigeria, Dr. Ernest Nwapa welcomed the NCDMB’s team to PCNL’s facilities.
He commended the efforts made by the agency to push local content in the industry, attributing it to the good culture that had been established at the Board over the years.
Nwapa, who was the pioneer Executive Secretary of the NCDMB expressed delight that some of the oil and gas projects that had been pending for nearly ten years were now being developed and expressed hope that existing local capacities would be maximized in the execution of those projects.
The team was taken around the company’s facilities and shown the various equipment of PCNL in readiness for the award of new contracts.
Nwapa pledged the commitment of the company to meet the expectations of clients as well as allow them to participate in the supervision of the work in their factory.
The PCNL facility covers an area of 160,000 m2 in the Onne Free Trade Zone. The company offers Anticorrosion, CWC, Thermal Insulation, Internal and Bends Coating plants as well as Double Jointing and Anode Installation Facilities.
At Solewant Group, an EPCI and Pipe Coating Company, the NCDMB delegation was shown round the company’s facilities as well as the new investments, such as the 5mega watts generators, procured to guarantee power supply to the facility.
Accompanying Engr. Ogbe on the facility visits were the Director Projects Certification and Authorization Division (PCAD), Engr. Abayomi Bamidele, General Manager PCAD, Engr. Maurice Iwhiwhu, Special Technical Assistant (STA) to the Executive Secretary, Engr. Mofe Megbele, Deputy Manager, Corporate Communications, Mr. Obinna Ezeobi, and other staff members of the Board.
The SPDC team was led by the General Manager, Nigerian Content Development, Mr.Lanre Olawuyi.
The NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), has announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria.
Biztellers reports that the production commenced on the 6th of May 2024 with 6,000 barrels of oil with expectations to be ramped up to 40,000 barrels per day by May 27th, 2024.
The first oil flow from OML 13 is a historic milestone in the partnership between NNPC E&P Ltd and NOSL, highlighting their dedication to driving growth and development in Nigeria’s oil and gas sector, which remains a vital component of the nation’s economy.
The achievement does not only signify the culmination of rigorous planning and execution by the teams involved, but also represents a new era of economic empowerment and development opportunities for the host communities.
Furthermore, for Nigeria, the first oil from OML 13 holds some significance as it contributes to the country’s efforts to increase its oil production capacity, which is crucial for meeting domestic energy needs and driving economic growth.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a manner that is safe, environmentally responsible, and beneficial to the local communities.
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