Connect with us

News

NNPC Ltd Declares State Of Emergency On Crude Oil Production

Published

on

NNPC Ltd Declares State Of Emergency On Crude Oil Production

  • Calls For Collaboration To Reduce Production Cost

By: Olufemi O. Soneye

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.

Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja, on Tuesday.

“We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production. War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners, and we will work together to improve the situation,” the GCEO declared.

According to him, a detailed analysis of assets revealed that Nigeria can conveniently produce two million barrels of crude oil per day without deploying new rigs, but the major impediment to achieving that remains the inability of players to act in a timely manner.

He said the “war” will help NNPC Ltd. and its partners to speedily clear all identified obstacles to effective and efficient production such as delays in procurement processes, which have become a challenge in the industry.

On medium to long-term measures aimed at boosting and sustaining production, Kyari said NNPC Ltd. would replace all the old crude oil pipelines built over four decades ago and also introduce a rig sharing programme with its partners to ensure that production rigs stay in the country for between four and five years which is the standard practice in most climes.

He called on all players in the industry to collaborate towards reducing the cost of production and boosting production to target levels.

He expressed the Company’s commitment to investing in critical midstream gas infrastructure such as the Obiafu-Obrikom-Oben (OB3) and the Ajaokuta-Kaduna-Kano gas pipelines to boost domestic gas production and supply for power generation, industrial development and economic prosperity of the country.

On Compressed Natural Gas (CNG), Kyari observed that NNPC Ltd. has since keyed into the Presidential CNG drive, adding that in conjunction with partners such as NIPCO Gas, NNPC Ltd. has built a number of CNG stations, 12 of which will be commissioned on Thursday in Lagos and Abuja.

The opening ceremony of the NOG Energy Week also saw goodwill messages and keynotes presented by the Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais; Secretary General of the Gas Exporting Countries Forum (GECF), Engr. Mohamed Hamel; Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo; Special Adviser to the President on Energy, Ms. Olu Verheijen as well as the Chairman, Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa.

NNPC Ltd. is the Principal Sponsor of 2024 NOG Energy Week Conference & Exhibition which has as its theme “showcasing opportunities, driving investment and meeting energy demand.”

NNPC Ltd Declares State Of Emergency On Crude Oil Production

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Dein of Agbor Asks Drug Dealers to Vacate His Kingdom

Published

on

Dein of Agbor Asks Drug Dealers to Vacate His Kingdom

By: Michael Mike

Frontline traditional ruler in Delta state, Dein of Agbor, His Royal Majesty Benjamin Ikenchuku Gbenoba has met with the Chairman/Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa (Rtd) to seek a partnership that will end the activities of drug dealers in his kingdom.

Marwa welcoming the monarch to his office, expressed the readiness of the agency to collaborate with all stakeholders including traditional rulers and community gatekeepers to ensure that the scourge of substance abuse and illicit drug trafficking is stamped out from communities across the country.

He said: “We’re at the moment deploying our personnel to the local government areas to establish our presence at the grassroots to further our advocacy against substance abuse and enforce the law against those dealing in illicit drugs at that level. Towards that, we met with the leadership of ALGON last week to make this process seamless and we welcome the support and partnership with all stakeholders for successful implementation of all our drug supply reduction and drug demand reduction efforts, through a whole of society approach.”

In his remarks at the meeting, the monarch said “we’ve been having some issues with drug dealers in Agbor. We’ve tried to handle it once or twice, but we’d like to at least be able to provide some land to have NDLEA come to Agbor. My main hope is General Marwa right here. Everything he touches turns to gold. Since he came on board at NDLEA, you people were reinvigorated. And I have seen that since he came on board, the drug dealers are now more hesitant, and we need more of that. So, we continue to learn from his experience and continue to make sure that this agency is strengthened as much as we can.”

He said his desire to bring NDLEA into his kingdom is to eliminate the activities of drug dealers and protect his people from the devastating effects of illicit substances destroying the lives of youths and adults all over the world.

He said his partnership with NDLEA is to send a strong message to drug dealers that their time is up in his kingdom.

He added that: “I always try to tell criminals, that life is left and right, good and bad, up and down. If you are intelligent enough to be selling drugs, then you deserve to go to jail. You deserve to be incarcerated because that intelligence can also lead you to be selling houses or to be selling goods. Do something that doesn’t affect people negatively. Because every drug dealer doesn’t want their children taking these hard drugs. But they don’t mind their neighbour next door taking such drugs. It is destroying us as a nation.

“Kidnappers are now using these illicit drugs to go about their nefarious activities. The reduction of it in our society will bring down the crime rate, robberies, and so on.
So, my message to the drug dealers, beware, you are on notice; we do not want you in Agbor; we do not want you in our country.”

The monarch also has words of caution for those abusing illicit drugs. He advised that: “For those who are taking drugs, once you have taken them, it is a life-or-death decision you are making. You can take it for the first time, and you can die. You destroy your family, and you destroy the people around you. So, as much as possible, choose life over death on these drugs.”

Dein of Agbor Asks Drug Dealers to Vacate His Kingdom

Continue Reading

News

Yobe State launches State Policy on Internally Displaced Persons

Published

on

Yobe State launches State Policy on Internally Displaced Persons

By: Mamman Mohammed

Yobe state has emerged the first state to launch a State Policy on Internally Displaced Persons, becoming a role model state for handling Displaced Persons.

The Policy was launched today by Governor Mai Mala Buni CON at a ceremony well attended by members of the diplomatic community, donor agencies, the World Bank and other development partners.

The World Bank, National Emergency Management Agency and the National Commission for Refugees among others commended Yobe state government for developing a policy document that meets best practice and standards.

The World Bank and other agencies commended Governor Buni for hos steadfastness and commitment, assuring support to the state goverment.

Gov. Buni said tge state government took deliberate and calculated measures to come up with the policy document that is holistic, comprehensive and in compliance with international standards.

“This policy was a result of extensive consultations and collaboration with a wide array of stakeholders, including UN agencies, the World Bank, the Federal Government of Nigeria, local communities, non-governmental organizations, Civil Society Organizations, traditional rulers, international donor partners, and notably the displaced persons themselves and representatives of various communities. It embodies our collective determination to protect the rights and dignity of IDPs, offering them a pathway to regain their stability and rebuild their lives towards a durable solution.

“By prioritizing the holistic well-being of IDPs, we aim to foster sustainable development and promote peace and stability within our state and across Nigeria. The Policy is grounded in key principles of humanity, impartiality, neutrality, and independence. It outlines our strategic objectives in providing protection, ensuring
access to essential services, and fostering sustainable solutions for displacement”. .

Yobe State launches State Policy on Internally Displaced Persons

Continue Reading

News

Gwoza Bomb Blast: Jaiz Bank PLC Donates N10 Million Naira To Victims….

Published

on

Gwoza Bomb Blast: Jaiz Bank PLC Donates N10 Million Naira To Victims….

… Borno Acting Governor Assures Judicious Disbursement

By: Our Reporter

Jaiz Bank of Nigeria has donated 10 million Naira to provide medical support to the victims of Gwoza Bomb Blast. The bank presented the cheque worth millions of naira as part of its corporate social responsibility to the community.

Receiving the delegation at the Council Chamber Government House Maiduguri Dr. Kadafur received the cheque for onward disbursement to the victims of Gwoza Bomb Blast. He assured that the medical support will be channeled appropriately to the victims while thanking the bank’s board and management for their gesture and support to the people and government of Borno state.

Earlier, while presenting the donation to the Acting Governor Dr.Umar Usman Kadafur, the chairman Board of Directors of the bank, Alhaji Muhammed Mustapha Bintube said the board and management of the bank considered it necessary to contribute their quota and complement the efforts of the state government in supporting the victims in this trying times.

” This unfortunate and needless loss of lives is indeed a huge loss not only to the Gwoza community but also to Borno state and the county at large.

” we sincerely empathise with the affected families and extend our hands of affinity to the Gwoza Community and the entire people of the state,” Bintube said.

He commended the state governor and his deputy for the good work being done for the people and assured of the bank’s continuous support to the government and people of Borno State.

Malam Mustapha Bintube prayed to Allah to forestall future occurence of the mishap and quick return of peace to the state.

Present at the gathering include Secretary to the State Government Alhaji Bukar Tijjani, Acting Head of Service Dr.Abubakar Sadiq, Commissioner for Transport and Energy Hon. Aliyu Lawan Buba, Commissioner for Local Government And Emirate Affairs, Alhaji Sugun Mai Mele, Permanent Secretary Administration and General Services Governor’s Office Dr. Muhammed Ghuluze, APC Party chairman Gwoza local government, Abdullahi Danjatau, Council Secretary Hajiya Fatima Musa, Special Advisers among others.

Highlight of the session was the symbolic presentation of the cheque to the Acting Governor.

Gwoza Bomb Blast: Jaiz Bank PLC Donates N10 Million Naira To Victims….

Continue Reading

Trending

Verified by MonsterInsights