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Nigeria Records Increase in 2018 Crude Oil Production

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Nigeria Records Increase in 2018 Crude Oil Production

A Massive 9% Crude Oil Production Increment, Compared to 2017 – By NNPC Director

On Crude Oil Production Increment – Nigeria’s crude oil daily production recorded an upward swing of about 2.09 million bbls in outgone 2018, translating to a 9% increment, compared with the 2017 average daily production of 1.86 million bbls.

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Dr. Maikanti Baru - NNPC Group

Dr. Maikanti Baru – NNPC Group

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 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.

 

READ ON CRUDE OIL PRODUCTION INCREMENT BY 9%

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% 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 bpd of oil in 2017 to 165 000 bpd in 2018, describing the feat as the strongest production growth within the oil industry in recent times.

The GMD said NPDC’s equity production share which stands at 172 000 bpd, representing about 8% 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 2018, Dr. Baru described the 200 000 bpd 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 on 29 December 2018.

In the midstream, the NNPC GMD stated that in 2018, Nigeria achieved an average national daily gas production of 7.90 billion ft3, equating to 3% above the 2017 average daily gas production of 7.67 billion ft3.

He said out of the 7.90 billion ft3 produced in 2018, an average of 3.32 billion ft3/d (42%) was supplied to the export market, 2.5 billion ft3/d (32%) for reinjection/fuel gas, 1.3 billion ft3/d (16%) was supplied to the domestic market and about 783 million ft3/d (10%) was flared.

The GMD stated that out of the 1.3 billion ft3/d supplied to the domestic market, an average of 71 million ft3/d went to the power sector, while 470 million ft3/d was supplied to the industries and the balance of 69 million ft3 delivered to the West African market through the West African Gas Pipeline (WAGP).

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.

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.

“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 organisations 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″, Dr. Baru concluded in his end-of-year statement.

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Customs Corner

PTML Customs Command Generates N66.9b, Targets Two-Hour Clearance Time for Vehicles

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Author: Gift Wada.

The Port Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service has collected N66,920,181,586.30 as total revenue for the first quarter of 2024, which is N22,198,965,809.55 higher than N44,721,215,776.75 collected between January and March 2023, representing 49.6 percent increase.

The Customs Area Controller (CAC) of the command, Comptroller Saidu Yusuf, in a press statement signed by the Command’s Spokesperson, Chief Superintendent of Customs Muhammad Yakubu, on 13 April 2024, described the increase in revenue collection as a laudable feat.

Comptroller Yusuf, while commending the Comptroller General of Customs, Bashir Adewale Adeniyi, MFR, for initiating strategies to achieve faster cargo clearance, assured that PTML Command under his watch aims to surpass its record of three-hour cargo clearance for compliant traders.

“The launching of time release study (TRS), which is ongoing, and other deliberate efforts by the Comptroller General have contributed to expanding terminal space and promoting ease of doing business in PTML.

“The PTML command has the potential to achieve two-hour cargo clearance and surpass its existing three hours records if port users compliance level is improved,” he said.

Comptroller Yusuf, who described PTML as one of the safest and most secure environments for Roll On Roll Off (RoRo) and general cargoes, also advised importers and their agents to take advantage of the incentives available for compliant traders such as fast track, advance ruling and possible migration to the Authorised Economic Operator (AEO) status.

He reminded port users in PTML of the robust and time-conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation, and anti-smuggling functions of the command.

While commending the various government and private sector stakeholders for their cooperation and support towards the realisation of the government’s goal for revenue collection and prevention of unlawful activities, Comptroller
Yusuf expressed optimism that the command will surpass its annual target for the year.

He described the importation of vehicles meant for Nigerian roads into neighbouring countries with the intent to smuggle them through unapproved roads into Nigeria as unpatriotic and an act of economic sabotage as the command has the capacity for seamless and efficient processing of such automobile cargoes.

For the second quarter and first half of the year, the CAC enjoined command officers to maximally deploy available technology and rededicate themselves to the job to achieve more.

He reminded port users that there is increased anti-smuggling vigilance to uncover concealment such as under declaration and smuggling of prohibited items. The CAC added that any discovered infraction will fully evoke the Nigeria Customs Service Act (NCSA) 2023, where there are spelt-out penalties.

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Customs Corner

Comptroller Jaiyeoba Commends Apapa Scanning Officers for Non-Compromise

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Author: Ibe Wada.

The Customs Area Controller (CAC) of Apapa Area Command, Comptroller Babajide Jaiyeoba, has commended Officers of the Non-Intrusive Inspection Technology Unit (NIITU) for their invaluable contributions to the overall success of the Command.

Comptroller Jaiyeoba, who paid an unscheduled visit to the scanner site, reminded the officers of the importance of teamwork in sustaining the gains of compliance and revenue collection recently recorded by the command.

In a press statement issued on Tuesday, 9 April 2024, by the Public Relations Officer, Chief Superintendent of Customs, Abubakar Usman, the CAC thanked Deputy Comptroller of Customs Salamatu Atuluku, the Scanner Manager of the scanning site and encouraged the unit not to be deterred by complaints coming from persons who were made to pay accurate duties to the government after issuance of demand notices.

According to him, no business person made to part with money will be happy with Officers who refuse to compromise the ethics of their jobs.

Addressing the officers, he said, “The main reason for me coming here is to appreciate you. I may not see you, but I have seen your work, and I won’t keep quiet about what I have seen. You are doing very well.”

He urged the Officers to remain steadfast in their commitment to integrity, emphasising that uncompromising adherence to their duties would ensure their credibility before the public and their superiors.

“For those of you doing intervention in the form of Demand Notice(DN), there is nobody who part with money that will be happy with you. They will want to play intelligent by hiding somewhere. When you fetch them from their hiding place, they become your enemy. Whatever they write about anybody here will still come down to me, and if anybody works well, the onus on me is to defend such a person”. He added.

The CAC acknowledged the challenges faced by Officers issuing demand notices, highlighting the inevitability of dissatisfaction from individuals required to pay accurate duties to the government.

He reminded the unit not to be swayed by such complaints but to focus on upholding the integrity of their work.

Comptroller Jaiyeoba encouraged the officers to remain resilient, noting that their commitment to excellence would lead to further responsibilities and recognition.

“Just have it at the back of your mind that you owe yourself the duty of doing your work diligently whether anyone comes around as a friend or enemy. It is not enough for you to rest. The reward for hard work is more work.” He concluded.

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Customs Corner

PH Oil & Gas FTZ Customs Generates N11B, Surpasses Revenue Target

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Author: Lucy Nyambi.

The Nigeria Customs Service, PH Oil and Gas Free Trade Zone Command, has generated the sum of N11,745,352,898.00 in the first quarter of 2024. This surpasses the revenue target of N1,245,352,898.00, representing an 11.9% increment in the first quarter of 2024.

This was contained in a statement signed by the Command Public Relations Officer, ASC II Paul Gimba, on Monday, 8 April 2024, on behalf of the Customs Area Controller (CAC), Comptroller Abubakar Umar.

According to the statement, Comptroller Abubakar Umar attributed the achievement to robust and positive engagement with relevant stakeholders in the industry.

He said, “This remarkable record was achieved as a result of robust and positive engagement with relevant stakeholders in the industry. This stakeholder engagement has minimised resistance to customs laws, improved problem solving and identified potential risks and challenges from stakeholders’ perspectives and trade facilitation. ”

“This line of action is in line with the Comptroller-General of Customs Bashir Adewale Adeniyi MFR policy thrust of Consolidation, Collaboration, Innovation and implementation of the CGC’s trade facilitation initiatives”. He emphasised.

According to the CAC, the Command will continue to facilitate trade in the export of refined sugar “from Bundu Sugar Refinery, fertiliser from Notore Chemical Industries PLC and LNG from Bonny Island including collection of revenue on goods entering into the Customs territory such as Oil and Gas Equipment, oil well supplies, spare parts and instrumentation and tubing etc.”

Comptroller Umar stated that the command’s zero tolerance for revenue leakage had earned a commendation from the CGC.

“On the 26th February 2024, the Comptroller-General of Customs commended three officers of this Command over the recovery of N3,118,444,588.00. It cannot be over-emphasized the role of collective efforts and dedication to duty of Officers and Men of this Command in this significant achievement. ” He said.

The Customs Area Controller appreciated the CGC and the Management of the Nigeria Customs Service in the commendation of officers’ diligence, which has boosted the morale of officers and men of the Command.

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