…As NNPC Declares Commitment to Growing Nigeria’s Reserves, Revenue Generation
The Nigerian National Petroleum
Corporation (NNPC) has declared its commitment to growing the nation’s
crude oil reserves and increasing daily national production with a view
to boosting the nation’s revenue generation.
Group Managing Director of the
Corporation, Dr. Maikanti Kacalla Baru stated this during the flag-off
ceremonies of the NNPC/First E&P Oil Mining Leases (OMLs) 83/85
partnership for marine seismic data acquisition vessel in Lagos, recently.
Dr. Baru, who performed the flag-off
ceremony aboard Marine Vessel BGP Prospector offshore Lagos, said the
project would boost NNPC’s drive towards enhancing the nation’s abundant
The development, Baru added, also
reinforced the Federal Government’s commitment to further harness
Nigeria’s numerous resources to enhance income streams and ultimately
boost the nation’s economic prosperity.
“Without doubt, this development
resonates perfectly with NNPC’s commitment to growing the nation’s
reserves and increase production, as enshrined in our corporate vision
of 12 Business Focus Areas (12 BUFA),” he added.
The GMD, who gave the assurance of the
NNPC Management’s “unflinching support” for the project, charged the
partners to ensure its completion on schedule and in a cost-effective
manner while urging strict adherence to Health, Safety & Environment
Speaking at the occasion, Managing
Director of First E&P, Dr. Ademola Adeyemi-Bero said the aim of the
project was not only to grow the nation’s reserves, but also to develop
the capacity of Nigerians.
He commended the GMD for making time to
perform the flag-off rites, stressing that his company would work
hand-in-hand with all the partners to enable them complete the project
ahead of schedule.
In his remarks, the Chairman of
Petroleum Technology Association of Nigeria (PETAN), Mr. Bank-Anthony
Okoroafor reiterated that the project would boost in-country capacity.
“The project is also expected to align
with the Federal Government’s effort to drive down the cost of marine
seismic acquisition in the country,” Okoroafor added.
The NNPC/First E&P OMLs 83/85
partnership for marine seismic data acquisition would be executed by a
Joint Venture (JV) between NNPC’s Integrated Data Services Ltd (IDSL)
and Bureau of Geophysical Prospecting (BGP), a subsidiary of Chinese
National Petroleum Corporation (CNPC).
Shedding more light on the project,
Managing Director of IDSL, Engr. Diepiriye Tariah said the IDSL/BGP JV
would acquire 3D marine seismic data using streamer cables, covering a
total of 901sq. km.
He added that the marine vessel (BGP
Prospector) is well-suited for broadband seismic data acquisition with
the capacity to tow ten or more streamers of 6km length, and is fitted
with adequate safety equipment and hearing sensors.
The partners have been given a 74-day time schedule to deliver on the project.
The President General of the Maritime Workers Union of Nigeria Mr. Adewale Adeyanju has called on tally clerks and onboard security men to exercise caution in the demand for their remuneration and pensions from the Nigeria Ports Authority.
Mr. Adeyanju made this known at a sensitization meeting with Union members where he admonished members to desist from every act of violence, misdemeanor and ignorance that may mar their chances of accessing the outstanding payments.
In his words, “I think the payment of tally clerks and onboard security men anytime from now will be made available to everybody.
“The directive has come, the approval has come from the office of the Ministry of Transportation duly signed by the Permanent Secretary on behalf of the Minister of Transport onward to the Nigeria Ports Authority for payment.
“Hence NPA has to see how she can manage to pay this money,” he confirmed.
The President General assured that as soon as the final approval is settled, the …
As Gbajabiamila pledges legislative support for blue sea economy.
The Nigerian Maritime Administration and Safety Agency, NIMASA, has forwarded six International Maritime Organization (IMO) instruments on marine environment management to the presidency for ratification.
This is in a renewed bid to invigorate the protection and preservation of marine and ocean ecosystem, responsible for the conservation, exploration and exploitation of Nigeria's biodiversity.
The Director General of NIMASA, Dr. Dakuku Peterside who disclosed this during the African Day of Seas and Oceans in Lagos said the marine ecosystem has huge present and future economic potentials that must be properly managed for its full benefits through conscious efforts and deliberate policies.
He added that NIMASA would continue to take steps to identify with the global maritime community adoption of newer measures designed to achieve sustainable marine economic growth.