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Wabote, Dapo Abiodun Commission Multi-Billion Dollars Fibre Optic Cable Factory

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Wabote, Dapo Abiodun Commission Multi-Billion Dollars Fibre Optic Cable Factory

 

By John Mommoh

An oil and gas service company, Coleman Technical Industries Limited (CTIL) on Friday opened its multi-billion-dollar fibre optic cable manufacturing factory, hoping to take advantage of the African Continental Free Trade Area (AfCFTA) to play big in the African market.

The company is renowned for manufacturing different specifications of high voltage and low voltage cables for the oil and gas industry and construction sector

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Kesiye Wabote in company with the Executive Governor of Ogun State, Prince Dapo Abiodun on Friday commissioned the factory located at Arepo, Ogun State.

The world-class facility is the first of its kind in the West Africa region and 5th in Africa and is expected to help develop the digital economy of the country and the West African region.

Congratulating the company for the feat it achieved, the Executive Secretary remarked that the company has successfully leveraged on the Nigerian Oil & Gas Industry Content Development (NOGICD) Act to invest in difficult terrains that were not possible prior to the enactment of the Act.

He said, “It gladdens my heart to say that Coleman has never looked back and it continues to expand its footprint in the industrialization roadmap of Nigeria. Today is a testament to such expansion efforts.”

Read Also >> NCDMB Partnering Shell, Exxon, NAOC In Oil & Gas Parks – Wabote

Represented at the event by the General Manager, Project Certification and Authorization Division, Engr. Paul Zuhumben, the NCDMB boss hinted that the fibre optic cable factory will further support the employment creation drive of the
The federal government as the facility will employ about 500 persons.

Zuhumben noted that Coleman will benefit from the African Continental Free Trade Area (AfCFTA) which seeks to enable unhindered movement of business, goods and services across the African continent because some of its facilities do not exist in most parts of the continent.

He encouraged Nigerian businesses to emulate Coleman by positioning themselves to take advantage of the provisions of AfCFTA.

He pledged that the Board would continue to support the investment and ensure that project promoter and stakeholders of the Oil and Gas sector buy their fibre optic cables in-country in order to sustain the operations of the facility.

In his remarks, the Executive Governor of Ogun State, Prince Dapo Abiodun hinted that the factory would boost the development of digital economy infrastructure and advance teaching and learning processes in academic institutions across the state and the country.

Abiodun noted that the facility would conserve foreign exchange, promote technology transfer as well as generate employment and alleviate poverty in the state.

In his words, “the manufacture of fibre optic cables locally will aid the deployment of Information Communication Technology (ICT) in the different sectors of the economy.

It will boost tech innovation, advancement in teaching and learning processes in our academic institutions, improve medical care, improve ease and access to data information and enhance internet connection.”

In his welcome address, the Managing Director of Coleman Technical Industries Limited (CTIL), Mr George Onafowokan disclosed that the company had a firm belief in local content and building capacity locally to generate wealth and create jobs.

Onafowokan mentioned that the facility will create about 800 direct jobs and over 2000 indirect jobs. He mentioned that the company is set to commence work on the second phase of the factory in order to meet the market demand for fibre optic cables.

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Energy

NNPC Ltd, Partner Unlock 12,000bpd Production From Awoba Unit Field

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Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet her OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have restarted production from the Awoba field which last contributed production to the Bonny Terminal in 2021 and was finally shut down in February 2022 due to evacuation issues and crude oil theft.

This was contained in a statement put out on the state oil company’s X handle on Tuesday from Abuja, under the signature of its Chief Corporate Communications Officer, Olufemi O. Soneye.

He asserted that since the restart of the Awoba field by NNPC Ltd and it partners on April 13, 2024; production from the field has averaged 8,000 barrels per day and is expected to plateau at 12,000 per day at full ramp up within 30 days.

Awoba is also expected to significantly boost gas supply to the power sector and other gas-based industries, Soneye added.

Biztellers reports that the Awoba Unit which straddles OMLs 18 and 24 is located in the mangrove swamp south of Port Harcourt, Rivers State. Both OML 18 and OML 24 assets are under the management of the NNPC Upstream Investment Management Services (NUIMS).

Recall that the NNPC Ltd. has been recording a string of production successes from the JV portfolio which have significantly lifted overall national production. Besides the recent start of production at the Madu Field by the NNPC Ltd/First E&P JV, the company has achieved the restart of production at OMLs 29 and OML 18 in late 2023 which have steadily contributed an average of 60,000bpd to the nation’s production output since their restart.

The Group Chief Executive Officer of NNPC Ltd., Mallam Mele Kyari, ascribed the achievement to the President Bola Ahmed Tinubu administration’s success in providing enabling operating environment for businesses to thrive.

He expressed appreciation to all stakeholders (staff, operators, host communities, government security agencies, and private security contractors) who played a pivotal role in achieving the feat.

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Energy

NNPC Ltd, First E&P Achieve 20,000bpd Production At OML 85

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The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field.

Biztellers reports that production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at an average of 20,000 barrels per day.

The achievement is a testament to the commitment of the President Bola Tinubu administration to optimise production from the nation’s oil and gas assets through the provision of enabling environment for existing and prospective investors.

According to the Group Chief Executive Officer of NNPC Ltd, Mele Kyari, the commencement of oil production at the Madu Field is 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.

He commended stakeholders for their support, and opined that the addition of 20,000 barrels per day by an indigenous oil player signals the commitment of stakeholders to achieving economic development for Nigeria.

Recall that the Final Investment Decision (FID) on the development of the Madu Field and a sister field, Anyala, was taken by the NNPC Ltd/First E&P JV in 2018.

Production from the 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.

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Energy

Chevron Counters False Recruitment Information

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Chevron Reports 8-Year High Earnings

Chevron Nigeria Limited (CNL) has denounced stories being peddled around that it is recruiting.

General Manager, Policy, Government & Public Affairs, CNL, E. O. Brikinn, denounced the stories in a statement made available to Biztellers, in which he cautioned that the company will not respond to enquiries about “fraudulent advertisements and job offers”.

It reads, “Chevron Nigeria Limited (“CNL”), operator of the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL Joint Venture, is aware of the circulation of false recruitment information in some media and online channels in the name of CNL and Chevron Corporation, purportedly advertising job positions in CNL.

“Additionally, fraudulent job offers have reportedly been sent through emails, text messages and phone calls by individuals purporting to be staff or representatives of CNL and Chevron Corporation.

“Members of the public are hereby notified that CNL does not solicit job applications or initiate recruitment processes through emails, posters, handbills, text messages, social media, or phone calls.

“Job seekers are advised to always check the company’s website at: http:/www.careers.chevron.com, and the national newspapers for job advertisements from CNL.

“CNL does not and will not require applicants to make any payment towards processing any job application. Job offers requesting candidates to pay money, at any point during the recruitment process, are not from CNL. CNL advises that anyone who receives these fraudulent communications should report them to the appropriate law enforcement agencies.

“CNL hereby dissociates itself from all false job adverts and offers published in any online media platform, web site, email, poster, handbill or any other medium.

“CNL will not respond to enquiries about fraudulent advertisements and job offers.”

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