₦airaland Forum

mikkyjagga1:
The Nigerian Petroleum Development Company  (NPDC) branch of Petroleum and Natural Gas senior staff association of Nigeria (PENGASSAN) AND Nigerian Union of Petroleum and Natural Gas worker (NUPENG) are currently on strike.

This dispute was caused by the transfer of operatorship of one of the assets, namely Oil Mining Lease (OML) 42 from NPDC to Neconde Energy Ltd. 
NPDC has 55% equity in this asset while our partner, Neconde Energy ltd has 45% equity.

When NPDC  took over operatorship in 2012, oil production in the asset was 14,000 net  barrels of oil per day (bopd). Presently NPDC has increased production to 31,000 net bopd.

NPDC has become the largest indigenous oil producing company with a total production capacity of 130,000 bopd.(Net Volumes)

Despite these achievements, the Hon Minister of Petroleum Resources, has recently (in February 2015) appointed Neconde the operator of this asset against the provisions of the Joint Operatorship Agreement (JOA).
The unions are protesting the appointment of Neconde as the operator and demands that NPDC continues as the operator of OML 42 as status quo ante because:

1. Neconde is not an oil producing company and lacks the technical capacity to operate the asset. It is a consortium which was incorporated in 2011 for the purpose of buying the 45% equity in OML 42. NPDC on the other hand, NPDC was incorporated in 1988 as an oil producing company and has been in the business of oil production since then. 
NPDC is now the largest indigenous oil producing company with a total production of 130,000 net bopd. 

2. Neconde has no previous operatorship experience. NPDC on the other hand currently is the operator of OML's 111, 65, 26, 30, 34, 40, 42 and 119 (offshore) with mumerous milestones including achieving 360 million standard cubic feet of gas in OML 34.( A feat never achieved in the whole time SPDC operated)

3. Neconde has not paid its equity cash calls up to date. It is indebted to the tune of N9.92 billion and $68.64 million. NPDC on the other hand has paid its cash calls up to date. 
NPDC cannot trust these individuals who are bent on taking over our commonwealth to handle the finances of the asset as operators.

The unions registered their grievances with the Management by issuing a 7-day ultimatum for the reversal of this change of operatorship from 30th April 2015 to 11th May, 2015. 

At the expiration of the ultimatum, the NNPC Group Executive Councils (GEC- the highest decision-making body of the unions in NNPC) directed the NPDC branch to begin a warning strike which ended by midnight of 15th May 2015.

The GEC further directed the NPDC branch to proceed on a shut-down of their production facilities with effect from 00.00 hrs of 16th May 2015.

That directive has been carried out and the production facilities are currently shut down.

The combined NUPENGASSAN of NNPC has joined the total shutdown of all NNPC facilities by 00:00 hours of Wednesday 20th May 2015.

my bro tnx fr ds detailed explanation but my question is,when is it going to end cos I'm tracking my file fr paymen at ppmc bfr handover. it is not gud fr my health nw seriously.

I went to nnpc corporate hqtrs today only to meet empty offices.when I inquird abt it,I was told dat d whole staff were given a chase yestrdy to vacate their offices and go home till further notice.can somebody pls tel us y d strike.meanwhile, seun shud create a petroleum section to discus every issue as regards to DAT.

I thought as much.ftc. lovin d feeling.my daughter wrote her common entrance exam yesterday and i became d FTC today.just lik d biblical saying,we shall b d first and not d last,a success not a failure,so shal my daughter be among d best in Jesus name.Amen.

I will b bak to comment.dnt knw wat to say Fr nw

vheMa:
All I need is just 30likes from this

are u satisfied nw.

My opinion is not needed bcs I'm an igbo.

She looks so cheap and age inappropriately dressed.dose over sized shoes though

Why do I hav Ds feeling dat there is something fishy abt her pregnancy and purported child birth.Anyways,nothing is hidden permanently under d sun.my opinion.

sandraanakebe:
Make use of Bio-oil but its not actually a cream,its an oil and helps clear dark spots and stretch marks.

bio oil does nothing.i ve used it

Don't u think d information required are much and sensitive.you don't just giv ur e-mail they also require d password and passport I.D.it made me have a 2nd thought abt signin up.

azpekuliar:
I am beginning to like this man.

if ds really happened then he has my respect henceforth.

Ocha ka omaka

It's part of d show

Beauty without brain.celebrity apprentice wit Donald trump exposed ur fish brain.

God bless Nigeria.will say more whn it makes fp.

If Genevieve is re branded in igbo movies,sincerely she wil sell like akara oku.it will b a new beginning for her again.

24

Nta sports and st one.startimes is useless without subscription

There must be a correlation.D cable can not just fabricate such story wit deep tribal implication and attribute it to no one else but prof on d same day he was @harvard.out of d abundance of d heart,d mouth speaks.I'm suspecting dat portion of speech was earlier contained in his speech made available to Cable Ng and he later changed his mind abt it,dat controversial portion fits perfectly wit his address and d topic he delivered.imo,Ds apology looks so shallow and so forcefully done without remorse.let prof institute legal action if he is unconnected to it not just to cal people who believe d story slowpokes.I believe he has something to do wt dat.

Antell95:
this is why i bomb people! u see Robben and Ribery for line up?

na so e pain u reach.

Messi is just a blessing to watch.pls where is robben n ribbery n Lewandowski.

Akdams:
As stated above -
are you for season 2 or Rent/Schl fees package.

season 2

giles14:
d prblm has been resolved. surprised u are using St Nigeria

why ar u surprised.mine hasn't bn resolved.

Tnk u Fr those.im guilty of most.

Am I late? amakainspires@yahoo.com

IsraeliAIRFORCE:
Hon. Solomon Adeola is ill informed and one of Nigeria's Misrepresentatives on the loose who can't understand terms of reference and limitations.

He is one of the intellectually lazy Representatives in the finance committee that hired Enwegbara for N115,000,000 to produce 50 questions on the “State of the Economy,” which the House of Representatives would like to pose to the Minister of Finance.

Yet they couldn't defend the questions nor challenge Okonjo Iweala to a debate.

Noisemakers should not be given attention on National issues at anytime or day.

boom!Ds is a heavy strike.U ar really privy to some info we ar not.d 50 questions paid Fr?

I don't know if it's mine alone since aftr d rain i can't get signal.i ve cald d customer care nos no one is responding.

Baba419:
Her skin tone na dieee

If I put you for mouth you go just melt

honestly,her toning seems so natural.

Really?dat u luckily predicted Buhari's victory doesn't make u a God's mouthpiece.

Pinkiedearie:
Excercise is really cool...she looks to fit for her age...not like all these flappy women around..

I weep fr u child.d process women go thru to bring u forth in ds world is wat causes their flabbiness.

danielnsey:
Sent a link to your email address

got it.tnx