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Video: Review of the activities of the NNPC from April 12 to April 18, 2021

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Video: Review of the activities of the NNPC from April 12 to April 18, 2021

NNPC GMD, Malam Mele Kyari

By Edith Ike-Eboh & Emmanuel Afonne

The Nigerian National Petroleum Corporation (NNPC) began its week with encouraging news from the United States Department of State applauding the company’s high level of transparency.

The US State Department, while applauding the NNPC’s Transparency and Performance Excellence (TAPE) program led by Malam Mele Kyari, described it as a major step forward in the fight against corruption in the government led by President Muhammadu Buhari.

The United States also commended the NNPC for releasing its audited financial statements for 2018 and 2019.

This recommendation was included in the 2020 National Report on Human Rights Practices recently released by the US government.

Also on an encouraging note, the NNPC announced a 37.21% decrease in pipeline vandalism cases across the country in January.

The good news hit the airwaves via the company’s monthly financial and operational report (MFOR) released in January by the group’s managing director, NNPC group’s public affairs division, Dr Kennie Obateru.

The report says a total of 27 pipeline points were vandalized in January, up from 43 points recorded in December 2020.

The Mosimi area accounted for 74% of vandalized points, while the Kaduna area and Port Harcourt accounted for the remaining 22% and 4% respectively.

The company noted that it continuously works with local communities and other stakeholders to reduce and ultimately eliminate the threat of vandalism in pipelines.

The NNPC in the statement also revealed that a total of 1.44 billion liters of Premium Motor Spirit (gasoline), or 46.30 million liters / day, were supplied across the country during the reporting period. .

In the gas sector, a total of 223.55 billion cubic feet (BCF) of natural gas was produced during the month of January, which corresponds to an average daily production of 7,220.22 million standard cubic feet per day (mmscfd).

The gas production figure of 223.55BCF also represents an increase of 4.79 million percent from production in December 2020, while the average daily natural gas supply of gas-fired power plants increased by 2, 38 percent to 836 mmscfd, which is equivalent to an electricity production of 3,415 MW.

For the period January 2020 to January 2021, a total of 2973.01BCF of gas was produced, which represents an average daily production of 7585.78 mmscfd.

Obateru further revealed that production since the start of the Joint Venture (JV), Production Sharing Contract (PSC) and Nigerian Petroleum Development Company (NPDC) period contributed about 65.20%, 19, respectively. 97% and 14.83% in total of national gas. production.

Out of the total gas production in January, a total of 149.24BCF of gas was marketed, i.e. 44.29BCF and 104.95BCF for the domestic and export markets respectively.

This translates into a total gas supply of 1,428.65 mmscfj on the domestic market and 3,385.57 mmscfj on the export market during the month under review.

According to him, “this indicates that 67.15% of daily gas production was marketed while the balance of 32.85% was reinjected, used as fuel upstream, or flared.

“The gas flaring rate was 7.73% for the month under review (ie 554.01 mmscfd) compared to an average flaring rate of 7.19% (ie 539.69 mmscfd) for the period of January 2020 to January 2021. “

Also during the week under review, the National Engineering and Technical Company (NETCO), a subsidiary of NNPC, made a giant leap in its quest to increase its revenue generation capacity.

NETCO said it was exploring business opportunities in Equatorial Guinea in line with its vision to become the center of engineering, procurement and construction in the West African sub-region and a major source of income for the region. NNPC.

Mr. Usman Baba, CEO of NETCO, made the disclosure during a monitoring visit by the House of Representatives Committee on Oil Resources (Upstream) to the company on Wednesday in Lagos.

Usman revealed that NETCO was established in December 1988 to provide an efficient and reliable engineering base for the NNPC group and the Nigerian oil and gas industry.

According to him, NETCO has been involved in some key projects in the oil and gas sector over the past five years, including the Nigerian Liquefied Natural Gas Train 7 project, the Refinery Rehabilitation project and the Ajaokuta gas pipeline project. -Kaduna-Kano which are in progress.

He said the company is also involved in capacity building in the industry, adding that around 80 young engineers are currently undergoing training at NETCO.

Usman said that although business opportunities have been negatively affected by the COVID-19 pandemic, NETCO management has devised various strategies to keep the business profitable.

He said the company’s acquisition of land to build a manufacturing site in Akwa Ibom state was an indication of where the company wants to be in the near future, as part of the plan. aimed at reducing capital flight when operational.

While thanking the committee for their visit, Usman sued for his continued cooperation and support in enabling NETCO to actualize its mandate.

In his remarks, the Chairman of the Committee, Mr. Musa Adar, said that NETCO had a key role to play in helping to reduce unemployment by providing training opportunities for young Nigerians.

Adar said the monitoring visit was part of the committee’s statutory obligations to help the company realize its lofty ideas using legislative instruments.

The NNPC in the week made its presence felt in the village of Bmuko in Dutse Alhaji with the donation of a motorized borehole, through the Chiefs Management Development Program (COMDP) ​​Lot 091, code named ` NNPC “ Entrepreneurs ”.

The COMD program is bridging training for senior executives who are ready to move into the management framework of the Company.

The team made a donation to the community, a suburb of the Federal Capital Territory, Abuja, as part of its corporate social responsibility.

Speaking on the rationale for the drilling, COMDP Lot 091 President, Mr. Makinde Solomon, said the project was executed to complement government efforts by providing basic social amenities to the villagers.

NNPC COMDP Coordinator Ms Taiwo Akinbisola asserted that the COMDP Lot 091 donation was in line with NNPC’s philosophy of touching the lives of Nigerians in many positive ways.

Village chief Hassan Shadpara described the drilling project as a welcome development, noting that members of his community have gone through a lot of hardship due to the water scarcity.

Other residents of the community who were visibly excited about the drilling project praised the NNPC for wiping away their tears by providing portable water to the community.

The event was attended by members of the Bmuko community who saw the opportunity to celebrate their new victory.

follow us on www.nannews.ng for a weekly review of the company’s activities.

Also read: Video: Review of the activities of the NNPC from April 5 to April 11, 2021 (NOPE)

(NAN)

Short Link: https://wp.me/pcj2iU-3yVj

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