Connect with us

News

FG Identifies New Fields For 681,000bpd Oil Production

Published

on

The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily.

It disclosed this in a new document put together by the Nigerian Upstream Petroleum Regulatory Commission titled “Nigerian Upstream Petroleum Sector: Value Optimisation, Energy Transition and Regulatory Perspectives.”

In the document, obtained by our correspondent in Abuja, the Chief Executive of NUPRC, Gbenga Komolafe, explained that incremental volumes of crude were expected from new wells and well re-entry.

Advertisement

He said, “We have also completed the 2020 Marginal Field Bid Round and issued 50 Petroleum Prospecting Licenses to deserving awardees. It is expected that with the existing discoveries in the awarded fields, an early Field Development Plan would be pursued by the awardees leading to incremental oil and gas production.

READ ALSO: NNPCL Vows To Stop Oil Theft As Production Rises Above 1.6m Barrels Per Day

“The commission is facilitating timely approvals for expedited re-entry and early production. The estimated incremental production from the awarded fields is approximately 58,000bpd and 87mmscf/d.

Advertisement

“In the short/medium term, we expect an estimated incremental volume of 461,000bpd and 565mmscf/d from new wells and well re-entry. In the long term, we expect an estimated incremental volume of 162,000bpd and 868mmscf/d from FDPs, which have been approved and are at various stages of execution.”

Komolafe further noted that the implementation of Host Community Provisions under Section 235 of the Petroleum Industry Act 2021 saddled the commission with the responsibility of ensuring conducive and peaceful relationships among stakeholders within the host communities.

This, he said, would be done through the implementation of the Host Communities Development Trust.

Advertisement

“The commission, in collaboration with the relevant stakeholders, has developed templates and gazetted regulations, which include that of the Host Community Development Trust.

“The essence of the HCDT is to integrate oil-bearing communities into the value chain and effectively cater for the development needs of impacted communities, thus positively curbing restiveness in such communities and offering an enabling environment for operators to thrive.

“This is expected to guarantee seamless operation, boost investor confidence, and provide an enabling environment for sustainable development of the country’s hydrocarbon resources,” Komolafe stated.

Advertisement

He added that the NUPRC was happy to disclose that over 60 Host Community Development Trusts had been approved by the commission.

“This is indeed a milestone in the implementation of the PIA, 2021,” he stated.

The Federal Government and its agencies have been making efforts to grow the country’s crude oil output in a bid to meet the 1.8 million barrels per day quota approved for Nigeria by the Organisation of Petroleum Exporting Countries.

Advertisement

On Monday, for instance, the Nigerian National Petroleum Company Limited said the country’s oil production had increased to 1.6 million barrels per day, a few million short of the 1.8mbpd quota allocated to Nigeria by OPEC.

READ ALSO: Nigeria’s Daily Oil Production Rises To 1.235 Million Barrels

NNPCL’s Group Chief Executive, Mele Kyari, who revealed this at a meeting of industry stakeholders in Abuja, also stated that the rectangular security approach ensured the recovery of production from what it was in July 2022 to the current 1.67 million barrels per day.

Advertisement

Kyari, who was represented by the Head of Upstream Investment, NNPCL, Bala Wunti, at the event, said the implementation of the Detect, Deter, Destroy and Recover policy had paid off.

Other strategies that were deployed include the establishment of the Central Command and Control Centre for effective monitoring and coordination, the launch of the Whistle-Blowers Portal and the Crude Oil Validation Portal, as well as the deployment of surveillance tools in the fight against oil theft and vandalism.

Advertisement

News

Edo SWAN Distances Self From Online Publication Against Enabulele

Published

on

…demands retraction, warns member against unverified publication

The Sports Writers Association of Nigeria (SWAN), Edo State Chapter, has distanced itself from an online publication titled: ‘Samuel Ogbemudia Stadium Shut Against Stephen Keshi.’

A statement signed by the Secretary of the association, Comrade Idahosa Moses, Edo SWAN said neither was it consulted nor involved in the “framing of the narrative presented by the online publication.”

Edo SWAN described the publication as misleading, sensational and grossly lacking in factual balance.

Advertisement

The statement partly reads: “SWAN finds the report inconsistent with the ethical standards and core values of the journalism profession.

READ ALSO:SWAN Orders Nationwide Boycott Of NFF Activities

“While Edo SWAN recognises and respects the sentiments expressed by Mr. Austin Popo, Secretary of the Board of Trustees of the Stephen Keshi Football and Vocational Training Centre (SKFTVC), concerning the challenges encountered in securing the use of the Samuel Ogbemudia Stadium for this year’s Stephen Keshi Memorial National Under-17 Soccer Tournament, it is imperative to state that such concerns should not be reported in a manner that imputes motives, assigns blame without verification, or portrays public officials as acting in bad faith.”

Advertisement

On allegations against the Executive Chairman of the Edo State Sports Commission, Hon. Amadin Desmond Enabulele, in the publication, SWAN described Enabulele as a “seasoned professional with a proven track record of integrity and dedicated service to sports development in Edo State.”

Any insinuation that he or the Commission deliberately acted to undermine the memory and legacy of the late Stephen Okechukwu Keshi is not only unfair but also unsupported by verifiable facts.”

Edo SWAN, therefore, “strongly cautions the publisher of Popular News to desist from publishing unverified and inflammatory reports capable of misleading the public and damaging reputations.”

Advertisement

READ ALSO:Botswana’s New President Sworn In As Voters Kick Out Ruling Party Of Nearly Six Decades

The Association formally demands that the controversial publication be withdrawn immediately and that an unreserved apology be tendered to Hon. Amadin Desmond Enabulele.”

SWAN further “extends its sincere apologies to the Chairman of the Edo State Sports Commission, who is also a Patron of the Edo SWAN Chapter, for any embarrassment or misrepresentation arising from the said publication, and assures him of its continued respect, support and cooperation.”

Advertisement

Edo SWAN, while stating that it “shares in the collective responsibility of preserving and honouring the legacy of the late Stephen Keshi—a national icon whose contributions to Nigerian football remain indelible—the Association, maintained that “this noble course must be pursued through constructive engagement, professionalism and mutual respect among all stakeholders.”

Edo SWAN, thereafter, warned “all sports writers in the state to avoid unverifiable reports and sensationalism, stressing that any member found culpable of professional misconduct will be decisively sanctioned in line with the Association’s statutes.”

Advertisement
Continue Reading

News

Court Dissolves Petitioner’s Marriage Over Lack Of Love, Care

Published

on

An Area Court sitting at Centre-Igboro, Ilorin in Kwara State, on Thursday, dissolved the four-year-old marriage between Aminat Mustapha and Wahab Adeshina, following the petitioner’s insistence.

The petitioner told the court that she was no longer interested in her marriage to her husband following claims of lack of love and care.

According to the News Agency of Nigeria (NAN), while delivering ruling, the presiding judge, Mr Toyin Aluko, held that the respondent had written to the court, accepting the divorce application made by his wife.

Advertisement

READ ALSO:Why I Charged My Husband Money For Sex —Woman

Aluko, consequently, dissolved the marriage between the parties, and ordered the woman to observe one month iddah (waiting period) before she could remarry.

Meanwhile, the court granted custody of the two children in the marriage, ages one and three, to their mother.

Advertisement

He ordered the father to pay a monthly sum of N20,000 for the children’s feeding and maintenance.

The court also held that the respondent will be responsible for their education and healthcare.

Again, the court held that the father has unrestricted access to his children, but at reasonable time adding that he should be notified before any decision is taken on his children.

Advertisement

The judge ordered the petitioner to get a copy of the judgment and send same to the respondent.

Continue Reading

News

Tinubu Embarks On Three-state Visit

Published

on

President Bola Ahmed Tinubu will depart Abuja on Saturday on a working visit to Borno, Bauchi and Lagos.

This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Friday in Abuja.

While in Borno, the President will commission projects executed by the Borno State Government under Gov. Babagana Zulum, in collaboration with the Federal Government.

Advertisement

He will also attend the wedding ceremony of Sadeeq Sheriff, son of former Borno Governor, Sen. Ali Modu Sheriff, and his bride, Hadiza Kam Salem.

READ ALSO:Ambassadorial Nominees: Ndume Asks Tinubu To Withdraw List

From Maiduguri, Tinubu will proceed to Bauchi State to condole with the state government and the family of Sheikh Dahiru Bauchi, the renowned Islamic cleric and leader of the Tijjaniyya Muslim Brotherhood.

Advertisement

Sheikh Dahiru Bauchi died on Nov. 27.

After the condolence visit, the President will travel to Lagos, where he will spend the end-of-year holidays.

During his stay in Lagos, Tinubu is expected to attend several engagements, including the Eyo Festival scheduled for Dec. 27.

Advertisement

The festival, to be held at Tafawa Balewa Square, will honour notable personalities, including the President’s late mother, Alhaja Abibatu Mogaji, former Lagos State governors Alhaji Lateef Jakande and Chief Michael Otedola.

Continue Reading

Trending