coolhamid:
Buhari has lotta works to do.

FG needs to find a way of making these Unions less powerful.
It seems they dictate a lot to the government..

Imagine Oil marketers holding the entire nation to ransom because of fuel subsidy..

Now PENGASSAN and NUPENG are about to start their own...

Jah , show us the way..

mistypiper:
If you guys just begin una yeye strike, how come Ive been buying petrol @ 170/L. E kuku ni pa wa.

All this OML 42 and 43 wey una dey shout go soon finish, i wonder what your ministry would be doing then. As for the president - voted out I don't know what to say but its a shame that you tenure is ending with so much chaos.
Hahaha, it's all the struggle a better nigeria, OML is OIL MINING LEASE
I pray the president - elect would keep his promise. otherwise na another once chance.

Wetin be OML sef? All na washing.

mashnino:
Can someone explain to me what OML is and why are they striking over it

listenmore:

OIL MINING LEASE, as per what they are striking for, its gibberish. I don't see how it affect us. Everything about NNPC is in secrecy.

RICHIEBOI1:
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, branch of the Nigerian Petroleum Development Corporation, NPDC, yesterday shut down exploration activities in the country over the failure to reverse the alleged transfer of the operatorship of Oil Mining Lease, OML 42.

The unions had given a notice, which expired on Friday, urging the Federal Government to reverse the transfer of operatorship of the Joint Venture, JV, partnership in OMLs 40 and 42 to Neconde Energy Nigeria Limited and Elcrest Exploration and Production Limited.



A statement from the JV partners, said the shut-in has affected all NPDC operated assets in joint venture with indigenous companies that had applied for operatorship, except Neconde, who, prior to the crisis, had been awarded the operatorship of OML 42, and immediately got the JTF to secure the assets.

Elcrest (OML 40) which is next in line to be awarded operatorship, Shoreline OML 30 and FHN/Afren (OML 26) have now been shut as oil evacuation is hampered from OML 34 which relies on the OML 30 pumping station. The unions had accused the Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke, of stripping the two oil blocks from NPDC, a subsidiary of Nigerian National Petroleum Corporation, NNPC.

In 2011, the Federal Government assigned 55 per cent equity in eight assets divested by the Shell Petroleum Development Company, SPDC to NPDC. The company had since retained the operatorship of most of the assets which included: OMLs 4, 26, 30, 34, 38, 40, 41 and 42. The partners in the statement also expressed worry over the impact of the industrial action on the already crippled country’s economy. According to the CBN Governor, Godwin Emefiele, “Nigeria has faced continued pressure from spiraling debts, in the face of dwindling revenues resulting from falling global crude oil prices.”

They argued that if the industrial action is allowed to persist, it will also affect the power sector as NPDC supplies at least 30 per cent of gas required to generate electricity. According to them, “Over the years, NPDC have been under constant attack for lacking the requisite technical competence and financial muscle to operate the assets in contention effectively and efficiently.

“Under NPDC’s operatorship, all the oil fields have taken a nose-dive in production volumes; obligations to communities have not been met; sharp drop in revenue, etc. All the indigenous companies that are in a JV with NPDC have suffered from the poor performance of NPDC since acquiring the licenses.” They also insisted on “NPDC’s lack of capacity to continue as the operator of the acreages they purchased from the Shell-led consortium. Their argument is that they could have gotten more production out of the fields than NPDC was doing as operator.

The government appears to have finally agreed with them and the perception in the industry is that the remaining three companies will soon have their prayers for operatorship answered.” A management staff of NPDC who pleaded anonymity, was quoted as saying that the strike had resulted from “a breakdown in communication” between the management of the company and the union members.

He further stated that under the new arrangement, the workers stand to benefit more, saying: “Both the NPDC and the indigenous companies are all understaffed, and would require more workers.” “With operatorship rights transferred to the indigenous companies, there is bound to be a sharp increase in oil production; an increase in revenue stream; increased gas supply to domestic markets to improve power generation; community development etc,” he added.

When contacted, NUPENG National Secretary, Comrade Isaac Aberare, said such shift in ownership will affect workers welfare. “Whenever there is a change like this, the interest and welfare of the workers are affected. Also, workers are always paid-off.” He argued that the assets are operating and do not need to be sold. “The asset is a producing field and is not a marginal field. If it is fully operational and working well, why sell it to make others suffer?

“The transfer however, would strip NPDC of its operation on that assets as well as affecting the production, and welfare of the workers. The sale was done without following due process,” he alleged.

http://www.nigerianeye.com/2015/05/pengassan-nupeng-on-strike.html

mashnino:
Can someone explain to me what OML is and why are they striking over it

coolhamid:
Buhari has lotta works to do.

FG needs to find a way of making these Unions less powerful.
It seems they dictate a lot to the government..

Imagine Oil marketers holding the entire nation to ransom because of fuel subsidy..

Now PENGASSAN and NUPENG are about to start their own...

Jah , show us the way..

Flets:
The problem of Nigeria has moved from leadership to followership. Mob mentality and absolute illiteracy seems to be the biggest problem.

The apathy to every form of government structure and tribalism has blinded Nigerians to objectivity.

Nigerians never sits to think for the long term and common good. Once government is one side, then that's the wrong side.

NPDC has made a mess of their operations and efforts have been made to optimize their production by the outgoing govt and people are here calling for GEJ's head

When GEJ attempted removal of subsidy in 2012, Nigerians hits the streets.... Today they still blame govt when the oil marketers hold the country to ransom

Note this: Without the support of the masses, No president Buhari or GEJ can salvage the economy...... because Nigerians are ready tools in the hands of the enemies of Nigeria.

And I personally think that APC campaign strategy and election result maps has heightened the political awareness, broadened the divide across the regions. Unfortunately patriotism might be far fetched in the coming years and we will still play into the hands of troubles.

Before you quote me, read to understand.

obynaDmob:




Not sure I want to believe this....

d33types:
Do people even read these days..the post is talking one thing, stupidos' are commenting off point..
And one poster is asking what oml is..talkless of it's significance..we are so far from the mark.

investnotspend:
This is pure madness , Buhari needs to do something about this guys holding Nigerians to Ransome

coolhamid:
Buhari has lotta works to do.

FG needs to find a way of making these Unions less powerful.
It seems they dictate a lot to the government..

Imagine Oil marketers holding the entire nation to ransom because of fuel subsidy..

Now PENGASSAN and NUPENG are about to start their own...

Jah , show us the way..

ibitzbarlow:


I do not know where you get your information from, but I'm dead sure you are wrong about NPDC messing up her operations. You do not know anything about NPDC and her operations that's why you could make such comments. To put the record straight, NPDC staff ain't on strike because they are against Government policies. The strike ain't about GEJ either. If you are knowledgeable in oil politics you will understand why this strike is necessary. The aim is to strengthen and restore government revenue from the troubled OMLS. By virtue of SPDC'S divesture from these OMLs, NNPC had the right of first refusal to operatorship of the OMLS which was duly exercised. NPDC being the E &P arm of NNPC was saddled with that responsibility. NPDC had operated OML 42 with little or no cash call from NECONDE the partner who bought over SPDC'S share and has actually ramped up production since assuming operatorship.
Now, the government (petroleum ministry and NNPC mgmt) have clandestinely transferred the operatorship of the asset to NECONDE - a partner who could not fund his cash calls and who also do not have operatorship experience. From experience, we know that most JV partners actually hide behind operatorship of assets to defraud Government. NPDC's operatorship of these assets have actually brought down the cost of running these assets (both OPEX and Capex). On the other hand, the SAAs as instituted by the Government has diverted much required government oil revenue to private hands (cronies). This is what this change in operatorship aims to achieve.
This is what NUPENGASSAN aims to stop.

Built2last:
I totally supported GEJ when he removed this subsidy in 2012

and i will support GMB to remove it. nonsense

we cant be held to ransome by some greedy vampires who think they are doing us a favour.

let petrol rise to 200 naira and see how investors will flood the market.

giving us the right to choice.

if subsidy is removed, competition will crash the market in less than two years.

why cant we make the sacrifice now and enjoy later but NO, we remain the most impatient people.

buJu234:


U 're 100% wrong abt Neconde funding capabilities.

because Neconde is one of the companies that I did contracts for in 2013-2014.

So I know those guys very well... They hardly owe u.. ok

NPDC was also my clients going to 4yrs now. They hardly pay for services ... Most of the communities along OML 42 (batan kantu odidi etc) 're still waiting for their pay that NPDC hasn't paid.

always research first.. in fact the daily news papers 're now getting the real truth..

The assets wasn't sold contrary to what Pengassen said. It's a joint operatorship. Joint assets management team finished.

If NPDC hands are clean why 're they afraid of the joint operationship.

gcfrcom:
very funny.
I need to get a bicycle

lolaluv1:


Best believe This is exactly What is happening. The company is owned by her husband. She is selling Nigeria's property to herself and very cheaply too....