₦airaland Forum

meccuno:
shhhhhhh.................pease off your mic. There are vultures around. They would soon tell you Ohaji people are not Igbos.

lucasalves:
Las las dem go share the money come dey faint for Senate hearings..

post=92369565:
Developing the Assa North/Ohaji South (ANOH) 300mmscfd greenfield gas and condensate plant in OML 53. The development is in partnership with NGC on a 50%:50% basis. This project will deliver additional 300mmscfd to the domestic market at completion. The project is ongoing.


This will be a game-changer in Southeast, especially Imo state, watch out for Imo GDP when this project is completed and the refinary commence

post=92369565:
Developing the Assa North/Ohaji South (ANOH) 300mmscfd greenfield gas and condensate plant in OML 53. The development is in partnership with NGC on a 50%:50% basis. This project will deliver additional 300mmscfd to the domestic market at completion. The project is ongoing.


This will be a game-changer in Southeast, especially Imo state, watch out for Imo GDP when this project is completed and the refinary commence

meccuno:
shhhhhhh.................pease off your mic. There are vultures around. They would soon tell you Ohaji people are not Igbos.

proeast:
Lol, don't mind the losers. Just pause for a moment and imagine that the abokis equally ceded Ohaji Egbema to Rivers State, same way they did to many Igbo communities, they would have been answering Ohaji Egbema ethnic nationality, and you will be hearing tales by moonlight stories on how they migrated from Benin and were forced to abandon their language, culture and tradition by the Igbos

The stvpidity of some Black people is so disturbing. SMH!

Hopebringer:
Wow this is amazing

I guess imo state government learned from the mistakes of other oil states and kept militants and kidnappers away from their state .

Those guys ruined Rivers state, so as long as Imo state can continue to keep the expatriates in their state safe ,the GDP will continue to rise

Congratulations to them

slowice:
Nigeria ruined river state and the entire South south

24SEVEN:
Akwa Ibom will not build refinery but toothpick plant.

post=92363678:
The Federal Government has commended Seplat Petroleum Development Company plc (SEPLAT) on its phenomenal achievements and remarkable successes within just 10 years in the Nigerian Oil and Gas Sector.

Timipre Sylva, Minister of State for Petroleum Resources, gave the commendation at the just concluded SEPLAT ENERGY SUMMIT 2020 themed “Business Sustainability and Strategic Leadership in Africa”.

Seplat Petroleum Development Company Plc is a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE).

The minister as Special Guest at the summit said, “It is worthy to state here that SEPLAT was awarded some divested assets based on the Federal Government aspiration to develop indigenous capacity in the Nigerian Oil & Gas sector about 10 years ago. And over the past ten year, Seplat has recorded monumental achievements and have grown to become a leading independent upstream Oil and Gas company in Nigeria.”

Some of the key achievements in ten years of operations include: Successful acquisition of SPDC and CNL divested assets and appointment as Operators; Operated nine (9) drilling rigs (2 swamp drilling barges and 7 land drilling rigs) and attained peak activity of eight ( drilling rigs concurrently in 2014 – highest in the industry/Africa by an operator at the time; increased average daily Crude Oil production from approximately 14,000bopd in 2010 to a current level of about 60,000bopd within the first 3 years and sustained the average production. Seplat also increased Oben gas plant processing capacity from 90mmscfd to 465mmscfd.
“Seplat is today a leading gas supplier to the domestic market with about 350mmscfd supplied to the domestic market daily. This has contributed to the growth in the nation’s power generation capacity and supports the government’s diversification agenda.

“Developing the Assa North/Ohaji South (ANOH) 300mmscfd greenfield gas and condensate plant in OML 53. The development is in partnership with NGC on a 50%:50% basis. This project will deliver additional 300mmscfd to the domestic market at completion. The project is ongoing.

“Seplat is currently operating and managing three (3) flowstations in OMLs 4, 38 and 4 (Oben – 60,000bopd, Sapele – 60,000bopd and Amukpe – 45,000bopd) with Liquid Treatment facility of 150,000bopd and two 50,000 barrels crude storage tanks. These achievements are commendable and needs to be emulated by other indigenous oil and gas companies,” he told participants at the virtual summit.

“Permit me to set the tone of this year theme which is a topical issue by starting from. Global Impact of COVID-19 Pandemic on the Oil & Gas Industry; COVID-19 and Nigerian Oil & Gas Industry; Strategies to strengthen the Nigerian Oil & Gas Industry-“Business Sustainability” and finally; and Diversification – “2020 The Year of Gas”

The minister noted that the COVID-19 pandemic has indeed taken on the global Oil & Gas Industry with cascading impacts to other sectors.
“It is not only an health crisis, it is both economic and security threat to nations, especially when revenue from oil and other sources cannot fund the Government BUDGET. However, it is not a dead end, but an opportunity to see things from different perspectives and act differently. The global world economy is forecasted to decline by about -3.4% in 2020 due to the impact of the pandemic compared to 2.9% growth globally in 2019. From OPEC analysis, global average oil demand declined by about 8.49 million barrels/day and Oil prices (brent) went down as low as $10/bbl in April 2020 due to economic impact of COVID-19 coupled with the fallout between Saudi Arabia and Russia on the agreed volume of crude oil supply to energy market. The fallout between Saudi Arabia and Russian was a major factor that led to global supply glut leading to crude oil supply & demand imbalances, thus leading to the drastic drop in oil price.”, he stated.
“Going forward, we foresee that global upstream investment will continue on the decline trend and recovery is likely to come beyond 2022. In the US, total oil rig count declined significantly from 678 rigs in March 2020 to 287 rigs in June 2020”, Sylva added.

“The areas impacted by the pandemic in the Nigerian Oil & Gas Sector are as follows: Market & Revenue Instability (Demand-Supply Imbalance); Revenue decline due to low oil price; Pressure on Nigeria crude oil selling price (OSP) due to supply glut and lack of buyers; Production Uncertainties due to refineries shutdowns in major refining centers across Europe and Asia. Decline in demand of crude oil due to global lockdown; Investment deferment and cancellation resulting in huge lost from potential investments and associated benefits such as employment and taxes to Government; Project delivery risk – reduced access to capital and slow down progress of project execution.”, the minister stated.

He added that the huge revenue lost due to sheer drop in oil price arising from supply-demand imbalance has significantly impacted the Nigerian economy due to Budget deficits and delivery challenges (revised from $57/bbl to $27/bbl), project slippages, job losses in the private sector, and so on.

https://businessday.ng/energy/oilandgas/article/fg-commends-seplats-achievements-in-nigerias-oil-gas-sector/

Hopebringer:
I meant the trickle down cash flow maybe I used the wrong word

Back then if I stroll out of my apartment in old gra to any supermarket you see expatriate oil workers and their families walking freely and shopping

This meant more money was flowing around in the state . It was common for our young ladies then to get married to some expatriate workers then who take them out , which again meant trickle down effect

But when the kidnapping escalated the expatriates all ran away till date

ahiboilandgas:
why are there no persons from the North only a political appointee of a loss making company called NNpc ...Northerner should Endeavour to participate in the private sector lead Nigeria at all level and not only aspire for Govt jobs/appointments,quota systems,nepotism....

Nairalandmonika:
That's not why expatriate left, I think it had to do with local content.
More Nigeria engineers doing the job than wasting money on expatriate. Same thing for warri.

Nairalandmonika:
That's not why expatriate left, I think it had to do with local content.
More Nigeria engineers doing the job than wasting money on expatriate. Same thing for warri.

slowice:
Nigeria ruined river state and the entire South south

Naughtysite:
It's an investment in Natural gas.

Which refinery's ?

slowice:
Nigeria ruined river state and the entire South south

Hopebringer:
It was the locally backed militancy and kidnapping of expatriates that ruined Rivers State and delta state . The local elders where sponsoring these boys thinking that the foreign workers can't operate without coming down to the state. So what happened? They left the region and took with them their forex

Who lost at the end of the day? Today ordinary businesses find it hard to thrive in these states ...

What you don't realize is expatriate workers bring hard currency they spend in your community and that gives the barber next door some income or the food seller and meat seller

Look at Rivers State today , a wasted Poverty eroded , cultism and militancy ruled back water state

If Imo and Akwa Ibom states are smart they will continue to avoid sliding down the way Rivers and delta state went ..

abdulkayus:
I have observed that few weeks ago when I was watching a program on NTA about oil industries in Nigeria. Most of the private companies involved in the oil industries in Nigeria are either own by Yoruba, Igbo or SS people. More than 10 companies were interviewed and I couldn't see anyone own by a northerner. But na them go plenty and even head it's when it come to government agencies on oil e.g NNPC, DPR, PPPRA, NLNG and more.
The same thing in Ports industry, na them dey head NPA when they don't even have sea talk less of ocean in their region. I don't even think there is any shipping company own by a northerner but them plenty for port authority.
And since 1999, no southerner has ever head ministry of agriculture, na them cos it is like they believe it is their birth right, same thing with fct ministry.

Hopebringer:
It was the locally backed militancy and kidnapping of expatriates that ruined Rivers State and delta state . The local elders where sponsoring these boys thinking that the foreign workers can't operate without coming down to the state. So what happened? They left the region and took with them their forex

Who lost at the end of the day? Today ordinary businesses find it hard to thrive in these states ...

What you don't realize is expatriate workers bring hard currency they spend in your community and that gives the barber next door some income or the food seller and meat seller

Look at Rivers State today , a wasted Poverty eroded , cultism and militancy ruled back water state

If Imo and Akwa Ibom states are smart they will continue to avoid sliding down the way Rivers and delta state went ..

Naughtysite:
It's an investment in Natural gas.

Which refinery ?

abdulkayus:
Insecurity also contributed alot in them leaving en masse. Even some headquarters were shifted away from SS to Lagos cos of that kidnapping issue. That kidnapping issue seriously affected SS.

proeast:
Lol, don't mind the losers. Just pause for a moment and imagine that the abokis equally ceded Ohaji Egbema to Rivers State, same way they did to many Igbo communities, they would have been answering Ohaji Egbema ethnic nationality, and you will be hearing tales by moonlight stories on how they migrated from Benin and were forced to abandon their language, culture and tradition by the Igbos

The stvpidity of some Black people is so disturbing. SMH!

CioAngels:
Company that will not employ qualify youths in the communities they operate but prefer to employ the failed ones from the region that claims to own Nigeria They all play stooges to them.

lordm:
Nigeria did not ruin Rivers state. The indigenes were kidnaping and causing problems for those companies so they left. Same thing with warri. Gra gra no dy pay.