Energy
NCDMB partnering Shell, Exxon, NAOC in Oil & Gas Parks – Wabote
Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme (NOGaPS), the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Kesiye Wabote has revealed.
He stated this recently at the Nigerian Content Sensitization Programme for Law Enforcement Agencies, organised by the NCDMB in Yenagoa, Bayelsa State with a view to strengthening the existing collaboration with various law enforcement organizations and sister agencies and leveraging their expertise and partnership to accelerate Nigerian content compliance in the oil and gas industry.
He gave a breakdown of the Board’s achievements and initiatives and hinted that NCDMB was developing the oil and gas parks in conjunction with key operators in the oil and gas industry.
According to him, Shell funded the provision of power and utility cables deployed at the oil and gas park located at Emeyal -1, Bayelsa State, while Exxon Mobil provided the electrical infrastructure for the park at Odukpani in Cross River State.
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Also, NAOC had earlier partnered with the Board to develop the 10-megawatts gas power plant that would supply electricity to the Bayelsa park when completed, in addition to providing uninterrupted electricity currently to the Nigerian Content Tower and some strategic infrastructure owned by the Bayelsa State Government.
The Executive Secretary also confirmed that the Board had signed an agreement with the Gas Aggregation Company of Nigeria (GACN) to establish a gas-fired power plant at the Odukpani, park – to provide the park with constant electricity.
He assured that the power facility will be ready before the end of 2022, about the same time the Emeyal-1 and Odukpani parks would be completed, ahead of commencing operations in early 2023.
He announced that the Board had started inviting interested manufacturing companies and other firms to apply for spaces in the parks.
The parks would have dedicated power supply and shared services and were conceived to domicile equipment components manufacturing in-country, to meet the needs of the oil and gas industry and sectoral linkages as well as create jobs for the nation’s teeming youths.
Wabote also indicated that the Board was also working to develop oil and gas parks at Oguta in Imo State, at Onna in Akwa Ibom, Ilaje in Ondo State and in Delta State, and work was progressing in different stages at the identified locations.
He confirmed that the completed oil and gas parks would be managed by professional facility managers, to ensure their sustainability.
He also stated that the Board is partnering with the Nigeria LNG Limited to develop the Brass Island Shipyard as a Capacity Development Initiative.
He hinted that the feasibility study, geotechnical survey, and site selection study had all been completed.
In addition, the land valuation and perimeter survey had also been completed and the plan is to construct the shipyard in two phases, he added.
Speaking further on the rationale for organising the workshop and engaging with law enforcement agencies, the NCDMB boss noted that “when you are speaking the same language with Customs, they will guard against the importation of goods that can be produced incountry, while immigration will help in terms of expatriate quota management.”
In his welcome address, Head Legal Services NCDMB, Barr Naboth Onyesoh said the Board recognizes the power of collaboration and the impetus it generates for the attainment of its mandate and that is why Compliance and Enforcement is one of the five pillars of the Board’s 10-year Strategic Roadmap, formulated to drive Nigerian content growth to 70 percent by 2027.
He remarked that “collaboration and stakeholder engagement was also identified in the same 10-year Roadmap as one of the four enablers to attain the 70 percent Nigerian Content growth target.”
He maintained that since the oil and gas industry serves as the mainstay of Nigeria’s economy, all stakeholders of the industry should support the implementation of the Nigerian Content Act to ensure that Nigeria derives maximum value from the oil and gas industry while it is still relevant in the global energy mix.
The workshop featured several presentations and panel discussions from representatives of the invited agencies and legal luminaries who proposed various strategies for improving enforcement and compliance with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
Corporate Communications
July 1, 2022
Energy
Dangote Partnership: MRS Urges Nigerians To Insist On N935/Litre Petrol Price Nationwide
MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide.
The company has also called on Nigerians to monitor and report any outlets that fail to adhere to the new price structure.
Biztellers reports that this is consequent upon an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, following a reduction in the ex-depot price from N970 to N899.50 per litre.
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It was gathered that MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance.
In a statement on Monday night, the company declared, “Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM”
Emphasising the eco-friendly nature of its products, MRS Oil added, “We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”
In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol, with many expressing their gratitude to the Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.
A commuter at the MRS station at Alapere on the Lagos Ibadan Express way, Ibukun Phillips, could not hide her joy as her husband filled up their car.
“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”
A commercial bus driver, Adio Ajibade described the price reduction as a great relief, especially during the festive season.
“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.
A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.
According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”
Energy
FDI: Shell To Invest Billions Of Dollars On Nigeria’s Bonga North Oil Field
As a direct implication of the Federal Government’s Foreign Direct Investment drive, the Royal Dutch Shell has completed the final investment decision on the deep offshore Bonga North project in Nigeria.
Biztellers reports that the Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.
Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich, said, “This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio”.
ALSO READ: OGUNCCIMA Commends Dangote Refinery’s Impact
It was gathered that the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
The company is optimistic that the project will sustain oil and gas production at the Bonga facility.
The Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
In addition, the Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.
Energy
Chevron Nigeria Bags ‘Energy Company Of The Year For Environmental Sustainability And CSR
Chevron Nigeria Limited (CNL), has received an award as “Energy company of the year (2024)” for its Environmental Sustainability and Corporate Responsibility accomplishments.
The award presented by the Nigerian News Direct newspaper, on Friday December 6, 2024, and was received by Manager Communications, Chevron Nigeria and Mid-Africa Business Unit, Victor Anyaegbudike, at a colourful event at the Grand Ballroom of the Oriental Hotel, Lagos.
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The organizers of the award noted that Chevron has implemented the “Protecting People and the Environment” policy, which aims at preventing injuries, illnesses, and environmental incidents. They also referenced that the company has achieved 97% gas flaring reduction in its operations in Nigeria, while implementing waste management and environmental conservation programs.
According to the media organization, Chevron Nigeria has also invested millions of dollars in community development programs, supporting education, health and economic development initiatives that have benefited thousands of people, while ensuring diversity, inclusion, and employee engagement in its business operations.
Receiving the award from the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, Anyaegbudike thanked the organizers for the honour, and reiterated Chevron’s commitment to continue to develop, affordable, reliable and ever-cleaner energy that enables human progress around the world.