The weekly activities of the Nigerian National Petroleum Company (NNPC) began as staff were urged to prepare for higher levels of efficiency in 2022 as it now operates under the Companies and Allied Affairs Act (CAMA).
Kyari assured that no member of the NNPC workforce would lose their job as a result of the impending reforms to be introduced under the PIA transition, but that they must be productive, accountable and transparent in their work.
Kyari explained that all asset transfers and structural changes associated with the transition process will be completed before the end of the year.
Speaking on behalf of NNPC staff, Group Executive Director, Corporate Services, Ms. Aisha Katagum, pledged the commitment of the entire workforce to accomplish the tasks set out as spelled out by /CEO.
These agreements were aimed at strengthening the corporation’s profitability throughout its operational value chain.
They were also designed in line with the national objectives of the oil and gas industry on the repositioning of gas for rapid expansion of the national, regional and export markets.
The first execution of these agreements began with the signing of Final Investment Decision (FID) partners, DSV Engineering and the Nigerian Content Development and Oversight Board (NCDMB), for the $3.6 billion Brass Methanol Plant. dollars in Odioma, Brass Island, Bayelsa.
The project, upon completion, would be the largest methanol plant in Africa and the first in Nigeria.
Anchored Project Fertilizer and Petrochemical Company Limited (BFPCL), is an incorporated entity owned by DSV Engineering and NCDMB
He described the FID as one of the most significant investment developments in the gas sector in recent times, noting that the project coincided with the previous declaration of 2020 as the year of gas and 2021-2030 as the decade of state gas. for Petroleum Resources.
The construction phase of the project would create some 30,000 temporary jobs in addition to the 5,000 permanent jobs that would be created when the plant comes online.
Another major gas development deal was the signing of a $260 million deal with Assa-North-Ohaji South (ANOH) Gas Processing Company Limited (AGPC) for the financing of the ANOH Gas Project in February.
The ANOH Gas Project, which has been described as a game changer, another milestone in the journey to deliver more gas to the domestic market for the promotion of power generation and rapid industrialization in the country.
Gas flaring comes to an end in Nigeria
It would deliver 300 million standard cubic feet of gas per day (mscfd) and 1,200 megawatts of power when completed.
NNPC‘s gas development and commercialization program received another boost with the signing of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA), Sterling Oil Exploration and Production Company (SEEPCO).
The project would boost the country’s gas production by 1.2 trillion cubic feet (tcf).
GMD/CEO NNPC Ltd Kyari said gas from the project would be processed at the 125 million standard cubic feet (mmscf) per day Ashtavinayak Hydrocarbon Limited (AHL) gas plant located in Kwale, Delta State.
“First, it is the first Agreement in Nigeria to completely separate gas development from oil production, an agreement that will enable the holistic development of gas potential in the block.
“And it is the first of its kind to expressly include terms that encourage the contractor to be effective in managing costs, generating significant revenue for the Federal Government, NNPC and other stakeholders.”
Port Harcourt Refinery
PSC partners include Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) to renew Oil Mining Lease (OML) 118 for a further 20 years.
The execution of these agreements resolved the disputes surrounding the Deep Offshore Block, OML 118, which led to the renovation of that acreage with the prospect of a new investment of 10 billion naira in the development of the Bonga South-East Field.
The five signed agreements include, Dispute Settlement Agreement, Settlement Agreement, Historic Gas Agreement, Custody Agreement and Renewed PSC Agreement; all of these agreements would further boost the nation’s oil production.
It is worth noting that the OML 118 dispute lasted for more than 12 years before Kyari intervened.
His knife of conciliatory leadership has cut through several seemingly irreconcilable and protracted disputes in the oil industry.
Governor Nasir El-Rufai
Still in 2021, the Nigerian National Petroleum Corporation’s (NNPC) push to increase refining capacity in the country was bolstered by contracts for the rehabilitation of the 210,000-barrel-per-day capacity Port Harcourt refinery in Alesa-Eleme, Rivers and the Warri and Kaduna refineries, in July and August.
The PHRC rehabilitation project, which had a completion time of between 18 and 44 months in a three-phase agreement, was awarded to Milan-based Tecnimont SpA for an overall contract price of $1.5 billion, including VAT and other legal payments.
An elated NNPC GMD, Kyari, described the PHRC rehabilitation project as a dream come true, noting that the project was in line with President Muhammadu Buhari‘s promise to the Nigerian people to make the refineries work.
The project, which had become an integral part of the ongoing efforts to deepen the NNPC‘s domestic gas utilization plan for the nation’s socio-economic growth, had China Machinery Engineering Company (CMEC) as the EPC contractor, while General Electric (GE) became the equipment manufacturer.
Governor Abdullahi Sule
Speaking at the opening ceremony, NNPC GMD/CEO Kyari explained that the Corporation, through its subsidiary, NNPC Gas and Power Investment Company (NGPIC), decided to intervene in the Maiduguri Energy Situation Project, which is would fire with liquefied natural gas. Gas (LNG) and operate commercially.
The Ajaokuta-Kaduna-Kano (AKK) Natural Gas Pipeline was also conceptualized to transport natural gas from Ajaokuta in Kogi State to Kano in Kano State through various states and urban centers as part of the pipeline. trans nigeria.
Three of the contiguous states, Kaduna, Kano and Nasarawa signed different agreements with the NNPC in conjunction with the Gas Aggregation Company of Nigeria, GACN for the expansion and utilization of gas supply to their states.
At the MoU Execution Ceremony, NNPC GMD/CEO Malam Mele Kyari described the signing of the agreement as another turning point in the Federal Government‘s Gas Decade initiative, which aims to utilize the abundant gas resources of the nation to feed the nation’s economy.
In Nasarawa, the signing of the MoU, which was the climax of the well-organized Nasarawa Business Round Table, was witnessed by the Governor of the State, Ing. Abdullahi Sule, GMD/CEO NNPC Limited, Kyari, and the Executive Director of the Gas Group & Power, NNPC Ltd, Mr. Mohammed Abdulkabir Ahmed.
Other attendees at the event included Group General Manager, NNPC Group Public Affairs, Malam Garba Muhammad, Nigerian Gas Marketing Company General Manager, Eze Justin Ezeala, and Axxela CEO, Mr. Bolaji Osunsanya.
Governor Abdullahi Sule called on the indigenous people of the state to take advantage of respective opportunities in the gas value chain, such as gas distribution, CNG stations, captive/integrated power generation, LPG trading, the commercialization of gas torches, among others.
It should be noted that these various agreements represent an important step in NNPC‘s marketing campaign and, more importantly, in the federal government’s gas expansion program.
With the signing of the PIA and the subsequent transformation of the NNPC into a fully commercial entity, operating under the Companies and Allied Matters Act, the multiplier effects of these agreements on the ongoing reforms of the NNPC and the oil industry are truly enormous. .
Also read: NNPC reviews 2021 activities as Buhari inaugurates board
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