…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.
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