Energy
Nigeria @62: We’re proud of our contributions to Nigeria’s devt – Chevron
Chevron Nigeria Limited, CNL, has said that it is proud of its partnership and contributions to the socio-economic development of the country.
The company disclosed this in a goodwill message by the Manager, Communications, Victor Chimaobi Anyaegbudike, to felicitate with Nigerians as the country marked its 62nd independence anniversary on Saturday.
According to the statement, Chevron has learnt through decades of operating in Nigeria that business success in providing affordable, reliable, ever-cleaner energy was directly tied to the progress and prosperity of the people.
The statement read: “It is for this reason that we have continued to demonstrate our commitment to building mutually beneficial partnerships and supporting the Federal Government’s Nigerian Content Development (NCD) policy aimed at building indigenous capacity in the nation’s oil and gas industry.
“Chevron companies in Nigeria are at the forefront of promoting Nigeria’s ideals of NCD. The overall objective of Chevron’s Nigerian Content (NC) Strategy is to encourage the participation of Nigerian companies in the oil and gas industry through the deliberate creation of business opportunities for Nigerian service providers and suppliers.
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“Our policy is driven by the vision to be recognized as the energy company that works best to foster competence and competitiveness among Nigerian indigenous contractors and suppliers, by adopting the participatory-partnership model.”
The company said it has implemented strategies for training, capacity building, and employment of Nigerians, as well as the provision of contracts and procurement opportunities to Nigerians on all projects in its operations.
“We consistently demonstrate our commitment to empowering community contractors, service providers, and suppliers through developing human and institutional capacity, creating local jobs, developing, and sourcing from local suppliers, employing local workforce, promoting local patronage, and reserving work scopes to benefit local community contractors.”
The statement quoted Rick Kennedy, the Chairman/Managing Director of Chevron Nigeria, and Mid-Africa Business Unit, as saying: “We have helped in building the capacities of several Nigerian businesses by providing contracts and procurement opportunities to Nigerians on all projects in our operations. Chevron is also helping to grow the Nigerian economy by contributing to the development of communities in the areas of our operation. We do all this, not just because it is required by law, but because it is the right thing to do.
“Chevron is proud to be a part of Nigeria’s socio-economic development. We will continue to help build Nigerian businesses through the harnessing of its tremendous human resources and capacity; and support for Nigerian Content policy of the Federal Government”.
Meanwhile, CNL has in the last 10 years, spent an estimated annual average of $1 billion on Nigerian suppliers and service providers. Chevron provides technical support, support for asset acquisition, and facilitates collaboration on research and development for local community contractors.
Some of its contributions to improved participation of local contractors in the Nigerian oil and gas industry include the following:
- Chevron facilitated the first assembled-in-Nigeria Subsea Horizontal Christmas Tree and the fabrication in Nigeria of Agbami production manifolds for the Agbami Phase 3 Project by FMC Technologies Limited /Aveon Offshore Nigeria Limited.
- Chevron ensured the safe, timely and successful installation of subsea equipment like flexible flowlines, umbilicals, and jumpers by Marine Platforms Limited, a Nigerian contractor –. Chevron sponsored four Nigerian engineers for subsea engineering training in France, in partnership with NCDMB and Technip Offshore Nigeria Limited
- Chevron trained six young Nigerian Engineers in subsea engineering at the FMC facility, Federal Ocean Terminal (FOT) Onne, Rivers State. In addition, five Nigerian Engineering graduates sponsored by Chevron, completed subsea training at Marine Platforms Limited in Port Harcourt.
- Chevron recently facilitated the fabrication and assembly of two complicated Single-Point Mooring (“SPM”) buoys structures weighing ~300 tons each by Fenog Nigeria Limited (“Fenog”), an indigenous independent engineering company. The SPM buoys, are critical components of the Escravos Export System Project (“EESP”) scope, required to improve reliability of current JV offshore crude oil export facilities.
- Chevron facilitated the fabrication and load out of offshore platform topsides and bridge connection for the Sonam Non-Associated Gas Well Platform (“NWP”) by Nigerdock Plc.; the fabrication and load-out of the Okan Pig Receiving Platform (PRP) topsides; bridge, fabrication of Okan PRP jacket by Globestar Company Limited, in partnership with Idmon Engineering and Construction Co. Limited; installation of 32km 24” Sonam to Okan NWP pipeline by West African Ventures Limited; and the coating of the pipes used for the Sonam Development Project and EESP by Pipe Coaters Nigeria Limited.
- The Okan GGCP Debottlenecking project completed final heavy lifts and achieved 1,000,000 Manhours with zero serious injuries or fatality in collaboration with a Nigerian company, Prime Sources Limited (PSL), and its subcontractor, Ariosh Limited
Furthermore, in pursuance of its low carbon reduction and sustainable zero waste goals, CNL partnered with Lafarge Cement PLC to conduct laboratory tests locally on the suitability of cement kiln co-processing technology for stream of stored wastes as well as to determine the health and safety risks, if any.
Based on the success of the tests, CNL awarded a short-term contract to Lafarge to manage stored secondary waste generated from CNL incinerators as additional raw material in cement kiln processing.
Also, Chevron’s accomplishments in human capital development include the training fourteen earth science graduates under the 12-month skills acquisition programme initiated by NCDMB.
It offered scholarships to Nigerian seamen for dynamic positioning training at PEM Offshore Limited, a marine training facility with a 5-year contract worth $1 million and collaborated with the NCDMB to assist over six hundred community graduates to register in the Nigerian Oil and Gas Industry Content Joint Qualification System.
The company has also awarded a contract to a local consulting firm, Lonadek Nigeria Limited, to develop and pilot an industry-first capacity building initiative for drilling and completion professionals.
Amid a slight increase in gas production, Nigeria’s oil output experienced a substantial rise in November 2024.
Gas production saw a 2.9% month-on-month (MoM) increase, reaching 2,292,951 million standard cubic feet (MSCF) from 2,292,471 MSCF in October.
However, on a year-on-year (YoY) basis, the growth was minimal, with a mere 0.02% increase in output for the first 11 months of 2024, compared to the same period in 2023.
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The latest gas report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) also revealed a 1.6% increase in domestic gas consumption.
A total of 606,658 MSCF was consumed locally, compared to 596,861 MSCF during the same period in 2023. Gas exports, meanwhile, rose by 6.9%, reaching 829,156 MSCF, up from 775,547 MSCF in the corresponding period of 2023.
This growth in exports continues to play a vital role in bolstering Nigeria’s foreign exchange earnings.
Despite these positive figures, sources close to the Ministry of Petroleum Resources (Gas) noted that oil remains the dominant force in Nigeria’s energy sector, with gas taking a secondary role.
On the other hand, the NUPRC’s oil production report revealed a remarkable surge.
Nigeria’s oil output, including condensates, rose by 13.3% year-on-year in November 2024, reaching 1.7 million barrels per day (bpd), up from 1.5 million bpd in November 2023. Month-on-month, oil production also increased by 10%, from 1.5 million bpd in October 2024.
Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprises (CPPE), discussed the broader structural dynamics within Nigeria’s economy, highlighting the dominance of the non-oil sector.
In his 2025 Outlook, Dr. Yusuf noted that the non-oil sector contributed 94.43% to Nigeria’s GDP in Q3 2024, while the oil sector accounted for just 5.57%.
“However, the economy is characterized by a paradox of the oil sector contributing an estimated 90% of foreign exchange earnings, while the non-oil sector accounts for about 10%,” Dr. Yusuf said.
“This is a structural shortcoming in our economy which needs to be addressed, as sectors that contribute hugely to GDP have no corresponding contribution to foreign exchange earnings.”
He further emphasized the need to address the challenges faced by the non-oil sector, which include issues related to productivity, infrastructure, funding, and regulatory constraints.
“The policy implication is that more should be done to fix the challenges of productivity and competitiveness of the non-oil sector of the economy,” Dr. Yusuf added
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the 125,000-barrel-per-day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State, has become operational.
This is coming about a month after the commencement of operations at the 60,000-barrel-per-day-old Port Harcourt Refinery.
The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made the disclosure during a tour of the facility on Monday.
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A video posted by Channels TV on Monday showed Kyari addressing a tour team, which included the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed.
Before the tour commenced, Kyari explained that the inspection aimed to show Nigerians the level of work completed so far.
According to him, although the repairs on the facility are not yet 100 per cent complete, operations have commenced.
He said, “We are taking you through our plant. This plant is running. Although it is not 100 per cent complete, we are still in the process. Many people think these things are not real. They think real things are not possible in this country. We want you to see that this is real.”
Located in Ekpan, Uwvie, and Ubeji, Warri, the petrochemical plant produces 13,000 metric tonnes per annum (MTA) of polypropylene and 18,000 MTA of carbon black.
Commissioned in 1978 and managed by NNPC Ltd, the WRPC was built to supply markets in the southern and southwestern regions of Nigeria.
The mechanical completion of the facility was initially scheduled for the first quarter of 2024, according to the Spokesperson of the NNPC Ltd, Olufemi Soneye.
“Warri should be done by Q1 (first quarter) 2024,” Soneye stated.
The WRPC is one of Nigeria’s four refineries. Others include the old and new Port Harcourt Refining Company in Rivers State and the Kaduna Refining and Petrochemical Company in Kaduna State.
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.”
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