… As Baru Reels Out Scores of NNPC’s Milestone Achievements in Outgone Year
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in outgone 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels.
Pitched against the low-level daily crude oil production in 2016 and what obtains now, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, said the nation had maintained a line of consistent year-on-year improvement.
For the crude oil increment and other milestones recorded by NNPC in the outgone 2018, Dr. Baru, who made the submission in a comprehensive end of year message to staff of the corporation, touted the new business models his team has emplaced in the national oil company’s old and new business entitles as raison d’être for the giant strides.
A release today in Abuja by NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the Nigerian Petroleum Development Company (NPDC), Nigerian Gas Company (NGC), Petroleum Products Marketing Company (PPMC), Duke Oil, NIDAS and Integrated Data Services Limited (IDSL), were among the re-engineered companies listed by the NNPC GMD in his statement.
Ughamadu said Dr. Baru singled out NPDC, the corporation’s Upstream flagship company, as the major contributor to the Industry’s success story in 2018, expressing enthusiasm on the 52 per cent daily crude oil production growth by the company vis-à-vis its 2017 performance.
Dr. Baru in the end-of-year statement explained that the average production from NPDC’s operated assets alone grew from an average of 108,000 of oil per day (bod) in 2017 to 165,000bod in 2018, describing the feat as the strongest production growth within the Oil Industry in recent times, even as he added that it was worth being celebrated.
The GMD said NPDC’s equity production share which stands at 172,000bod, representing about 8 per cent of national daily production, was no less impressive, saying the desired results are outcomes of initiatives his Management team emplaced, among which, he noted, are the Asset Management Tea (AMT) structure, Strategic Financing, Units Autonomy and security architecture framework.
Of the Industry milestones in the outgone year, Dr. Baru described the 200,000bop addition which the Egina Floating Production Storage and Offloading (FPSO), completed and sailed away to location in August last year, added to nation’s daily production, even as he disclosed that the project achieved First Oil at 11.20pm on 29th December, 2018.
In end-of-year statement, the release by the NNPC spokesman stated the NNPC GMD relayed to staff, a save of $1.7billion dollars by NNPC, with corporation’s Joint Venture (JV) partners over a five-year tenor repayment plan, saying already the corporation has defrayed $1.5billion of the arrears.
Dr. Baru made the promise that NNPC would stick to the Repayment Agreement with the JV Partners while transiting to self-funding IJV modes with the corporations partners, saying that tiding up the Cash Call issues has led to increased commitment and enthusiasm to invest in Nigerian Oil and Gas Industry even as it has also boosted NNPC’s credit profile internationally.
Dr. Baru concluded the achievements of NNPC in the Upstream sector by listing other milestones achieved by his team to include: reduction in contracting cycle for Upstream Operations to nine months from an average of 24, even as the corporation targets a six months cycle; lowering of production cost from $27/barrel to $22/barrel; and improving on the security situation in the Niger Delta through constructive engagement and dialogue with relevant stakeholders.
Dr. Baru revealed that in the frontier basins, NNPC has intensified explorations activities in the Benue Trough, with the expected spudding of Kolmani River Well 2 on 19th January, 2019.
He explained that activities would resume in the Chad Basin as soon as there is a greenlight on the security situation in the enclave.
In the Midstream, the NNPC GMD stated that in 2018, Nigeria achieved an average national daily gas production of 7.90bscf, translating to 3 per cent above the 2017 average daily gas production of 7.67bscf.
He said out of the 7.90bscf produced in 2018, an average of 3.32bscfd (42%) was supplied to the Export market, 2.5bscfd (32%) for Reinjection/Fuel Gas, 1.3bscfd (16%) was supplied to the domestic market and about 783mmscfd (10%) was flared.
The GMD stated that out of the 1.3bscfd supplied to the domestic market, an average of 71mmscfd went to the Power Sector, while 470mmscfd was supplied to the Industries and the balance of 69mmscf delivered to the West African Market through the West African Gas Pipeline (WAGP).
Dr. Baru said NNPC would bridge the medium-term domestic gas supply deficit by 2020 through the corporation’s Seven Critical Gas Development Projects (&CGDPS), adding that a reputable Project Management consulting firm is collaborating with an NNPC team to achieve accelerated implementation of the projects.
He assured that full implementation of the project would boost domestic gas supply from about 1.5bscf/d to 5bscf/d by 2020, with a corresponding 500 per cent increase in power generation and stimulation of gas-based industrialization.
Dr. Baru said all existing power plants in the country now had a permanent gas supply pipeline infrastructure, even as he stressed that the corporation would continue to expand and integrate its gas pipeline network system to meet increasing domestic gas demand.
He listed key gas pipeline infrastructure projects on which, he noted, significant progress had been made in their execution to include: Escravos-Lagos Pipeline System (ELPS II), Obiafu/Obrikom-Oben (OB3), Odidi-Warri Expansion Pipeline (OWEP), Trans Nigeria Pipeline Project (TNGP) – Ajaokuta-Kaduan-Kano (AKK) Pipeline, Trans Nigeria Pipeline Project (TNGP) and Nigeria-Morocco Gas Pipeline (NGMP) Project.
In the Midstream Refinery Sub-sector, Dr. Baru regretted that the nation’s three refineries had not undergone Turn Around Maintenance (TAM) for an aggregate of 42 years combined.
Despite the challenge, he explained that major rehabilitation works were carried out in all the three refineries, saying, WRPC has its Distribution Control System (DCS) successfully upgraded, PHRC had major interventions in Fluid Catalytic Cracking Unit (FCCU) and Power Plant Unit (PPU) fixed, while KRPC was undergoing major repairs of its FCCU, Catalytic Reforming Unit (CRU) and Crude Distillation Unit 2 (CDU2).
He noted that efforts were afoot to get the original builders of the refineries to carry out TAM on them after securing favourable private funding for the exercise.
In the Downstream Sector, Dr. Baru noted that even though 2018 was riddled with some supply shortages, he was delighted that the corporation rose to the occasion with the support of President Muhammadu Buhari and the resilience and hard work of NNPC staff, saying as at today, there is fuel availability in the nook and cranny of the country.
“…It gladdens my heart to hear the positive comments made by motorists and filling-station owners during my routine checks on some filling stations at the eve of Chrismas”, Dr. Baru stated.
The GMD disclosed that NNPC imported a total of 15,874,734.82 MT of Premium Motor Spirit (PMS) otherwise called petrol through the DSDP and the NFSF arrangement in 2018, representing 62% increase over the 2017 supplies of 9,807,264.61MT, saying that as at today, the national oil company has 2.98 Billion litres, equivalent to over 59 days sufficiency at 50 Million litres daily evacuation rate.
Dr. said the corporation’s depots had been resuscitated and put to use through decanting of over 140 Million litres of PMS nationwide, explaining that systems 2B and 2E pipelines supplying petroleum products to South West, South-South and South East Regions have been resuscitated.
GMD assured that NNPC was on track in respect of the corporation’s Twelve (12) key Business Focus Areas (BUFA), and the vision of President Buhari to improving the status of oil and gas infrastructure through ensuring products availability to support national economic recovery and growth.
He lauded the contribution of the corporation’s Downstream outfit, NNPC retail, saying it played a significant role in ensuring continuous supply of petroleum products to Nigerians through its Mega, Affiliates and Leased stations.
Dr. Baru touted the company’s sale of 1.2 billion litres of petroleum products in 2018 as against 1.1 billion litres in 2017, representing a 7% increase.
He said the feat was achieved through an addition of 40 new Affiliate and Leased stations, which he said, brought the company’s network to 618 stations nationwide.
He enthused NNPC Retail had transformed from loss making to profitability. “We are currently planning for a better performance and achievement in 2019 especially with the continuous innovations and creativity in the downstream sector and the performance bond signed by all the relevant heads of our operating units. Continuous improvement as one of the principles of World Class Organizations is going to remain our key word in 2019. 2018 was empirically better than 2017, we believe, plan and strive to achieve a better performance come 2019, by God’s Grace”, Dr. Baru concluded in his end-of-year statement
https://wefunder.com/priligy dapoxetine priligy
https://experienceleaguecommunities.adobe.com/t5/user/viewprofilepage/user-id/17937254 can i buy amoxicillin without a prescription
https://ummalife.com/post/520688 covimectin 12
https://ummalife.com/post/520467 iverjohn 12 mg
https://ummalife.com/post/514216 what is vidalista-20 reviews
https://community.qlik.com/t5/user/viewprofilepage/user-id/311261 prednisolone eye drops for pink eye
Generic clomid without a prescription https://systematic.workato.com/t5/user/viewprofilepage/user-id/10239 Generic clomid without a prescription
Double down on excitement! Lodibet
https://www.pinterest.com/probenecid/# probenecid cidofovir
https://my.archdaily.com/us/@Isotretinoin# isotroin 40 mg
https://community.nxp.com/t5/user/viewprofilepage/user-id/248124# buy isotroin 10
https://goldkamagra.com/ kamagra gold 100mg
Azithromycin 250mg tab https://zithromaxday.com/# chlamydia Azithromycin dose
Learning to breathe deeply and stay present brings ease and receptivity to your experience with 100 mg viagra pills. Strength moves fast – and now, so does your solution.
Yes! Finally someone writes about seo backlink pro.
Hi there are using WordPress for your blog platform? I’m new
to the blog world but I’m trying to get started
and set up my own. Do you need any html coding expertise to make your own blog?
Any help would be really appreciated!
An interesting discussion is worth comment. There’s no
doubt that that you should publish more on this topic, it may not be a taboo subject but generally people do not
speak about such issues. To the next! Best wishes!!
Its like you read my mind! You appear to know so much about
this, like you wrote the book in it or something. I think that you could do with a few pics to drive the
message home a bit, but instead of that, this is great blog.
An excellent read. I will definitely be back.
You really make it seem so easy with your presentation but
I find this topic to be actually something that
I think I would never understand. It seems too complicated and extremely broad for me.
I am looking forward for your next post, I’ll try to get the
hang of it!
Hey there just wanted to give you a quick heads up and let
you know a few of the images aren’t loading properly. I’m not sure why but I
think its a linking issue. I’ve tried it in two different
internet browsers and both show the same results.
obviously like your website however you need to check the spelling on several of your posts.
Many of them are rife with spelling issues and I to find
it very bothersome to inform the truth nevertheless
I will definitely come back again.
Appreciate the recommendation. Let me try it out.
Aw, this was an incredibly good post. Spending some time and actual effort to produce a
really good article… but what can I say…
I procrastinate a whole lot and never manage to
get anything done.
magnificent issues altogether, you simply received a logo new
reader. What might you suggest in regards to your
publish that you made a few days ago? Any sure?
Thanks for your marvelous posting! I really enjoyed reading it, you are a great author.
I will ensure that I bookmark your blog and will often come back in the foreseeable future.
I want to encourage you to continue your great writing, have a nice evening!
For men over 60, geriatric specialists monitor cardiac response closely to viagra sale thailand. What you order stays silent – and your discount stays smart.
A motivating discussion is definitely worth comment.
There’s no doubt that that you need to write more on this topic, it may not be a taboo matter but generally people do
not speak about these subjects. To the next! Best wishes!!
Currently it appears like BlogEngine is the top blogging platform available right now.
(from what I’ve read) Is that what you’re using on your blog?
Appreciating the time and effort you put into your blog and detailed information you
offer. It’s good to come across a blog every once in a while that isn’t the same old rehashed information. Wonderful read!
I’ve saved your site and I’m including your RSS feeds to my Google account.
Hello everyone, it’s my first pay a visit at this website, and post
is actually fruitful in favor of me, keep up posting these types
of posts.
I want to to thank you for this great read!! I definitely enjoyed every little bit
of it. I have you book-marked to look at new things
you post…
Hello there, I found your website by the use of Google whilst searching for a similar matter, your web site got
here up, it appears to be like great. I have bookmarked it in my google bookmarks.
Hi there, simply became aware of your blog via Google, and located that it is truly informative.
I’m going to be careful for brussels. I’ll be grateful if you happen to proceed this in future.
A lot of folks will likely be benefited from your writing.
Cheers!
Yesterday, while I was at work, my cousin stole my iPad and tested to see if it can survive a 40 foot
drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views.
I know this is completely off topic but I had to share it with someone!
I always emailed this blog post page to all my associates, as if like to read it next my links will too.
I always spent my half an hour to read this webpage’s content all the time along with a mug of coffee.
Miototo menghadirkan pengalaman bermain slot online yang autentik melalui fitur demo
slot Pragmatic gratis tanpa perlu mendaftar.
Fitur ini dirancang khusus untuk para pemain yang ingin merasakan sensasi bermain slot seperti di versi asli, namun tanpa risiko kehilangan uang.
Dengan tampilan grafis dan fitur permainan yang identik
dengan versi berbayar, Miototo memungkinkan pemain mengeksplorasi berbagai jenis slot dari provider Pragmatic Play kapan saja, secara gratis.
Nice post. I learn something totally new and challenging on websites I stumbleupon on a daily basis.
It’s always useful to read through content from other writers and use a little something from
their sites.
Hi there to every body, it’s my first pay a quick visit of this webpage; this webpage contains remarkable
and genuinely fine stuff in support of visitors.
Thanks to my father who shared with me regarding this web site,
this webpage is genuinely amazing.
Good post. I learn something totally new and challenging on websites I stumbleupon every day.
It’s always helpful to read content from other writers
and practice something from other websites.
Hi terrific website! Does running a blog similar to this
take a large amount of work? I have no expertise in computer programming but I was hoping to start my own blog soon. Anyways, if you have
any suggestions or techniques for new blog owners please share.
I know this is off subject however I simply had to ask.
Thank you!
https://www.bricklink.com/aboutMe.asp?u=priligy where can i buy priligy in usa
you’re really a just right webmaster. The website loading speed is
incredible. It kind of feels that you are doing any distinctive
trick. In addition, The contents are masterpiece. you have
done a wonderful job in this matter!
Very good article! We are linking to this great content on our website.
Keep up the good writing.
These are genuinely enormous ideas in about blogging. You have touched some pleasant points here.
Any way keep up wrinting.
Greate pieces. Keep posting such kind of information on your blog.
Im really impressed by your site.
Hello there, You’ve done an incredible job. I will definitely digg it and
in my opinion recommend to my friends. I’m sure they will be benefited from this website.
Wonderful beat ! I wish to apprentice while you amend your web
site, how can i subscribe for a blog website? The account helped me a acceptable deal.
I had been tiny bit acquainted of this your broadcast provided bright clear concept
It’s difficult to find knowledgeable people for this subject, but
you seem like you know what you’re talking about!
Thanks
I don’t even understand how I stopped up right here, however I believed
this put up used to be good. I don’t know who you might
be but definitely you are going to a famous blogger when you aren’t
already. Cheers!
With havin so much content do you ever run into any problems of plagorism
or copyright violation? My blog has a lot of completely
unique content I’ve either written myself or outsourced but it looks like a
lot of it is popping it up all over the web without my authorization. Do you know any techniques to help stop content from being stolen? I’d truly
appreciate it.