Upstream

…….by Ben Ndubuwa……… TotalEnergies has said it has discovered oil in the Ntokon oil and gas on OML 102 offshore Nigeria. According to TotalEnergies, the Ntokon-1AX discovery well – located in shallow waters, 60 km off the southeast coast of Nigeria – encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed seven oil regulations. This is part of the efforts of the Federal Government to boost metering of crude oil operations in the upstream sector of the petroleum industry. The new regulations signed by the agency are Nigeria Upstream Petroleum Measurement Regulations; Frontier Basins Exploration Fund Administration Regulations; Production Curtailment and Domestic ...

The Nigerian National Petroleum Company Limited has announced the signing of a suite of agreements on oil mining license (OML) 130. The company made the announcement through its official Twitter account on Thursday, May 25 by the Group General Manager, Group Public Affairs, Garba Deen Muhammed. The agreements were signed in Abuja. According to the NNPCL, the agreement on OML ...

……….by Ben Ndubuwa……. The Federal Government is to install a 60 MVA, 132/33kV power transformer in the Ojo transmission substation in Lagos to replace an aging 30MVA, 132/33kV transformer under the first phase of the Siemens/ Presidential Power Initiative, PPI project. Though this is coming at time that lack of cooperation and other factors have been identified as reasons militating ...

-By Petralon 54 We have followed with keen interest reports of the exchange between our erstwhile vendor, First Priority Resources International Limited (First Priority) the operators of Barge FP Amangwu and security operatives (men of Operation Delta Safe and Tantita Security Services), and wish to highlight some facts of our transaction with the vendor in question. By this account, our ...

Nigeria National Petroleum Company Limited (NNPCL) on Thursday said $3.8 billion has been paid to oil operators in the country to clear all outstanding Joint Venture (JV) cash-call debt. The JV arrears, which has been a legacy challenge for operators in the oil and gas industry had remained a disincentive for the oil companies. NNPC Ltd’s Chief Upstream Investment Officer, ...

Shell Nigeria Exploration & Production Company (SNEPCo) managing director, Elohor Aiboni, has said that there was no reason Nigeria cannot grow its crude oil production output to four million barrels per day, leveraging on the vast array of prolific assets, especially in the deep water space. She stated this while expressing her appreciation to the leadership of the Nigerian National ...

Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, has reassured that the advent of the Petroleum Industry Act (PIA) 2021 has completely nullified discretionary award of oil blocks to companies and individuals in the Nigerian oil and gas industry. Komolafe made the reassurance during an interview with journalists on the sidelines of the just-concluded ...

The Nigerian Upstream Downstream Regulatory Commission, NUPRC says the Nigerian Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. The Commission Chief Executive of NUPRC,Mr Gbenga Komolafe said this on Monday during the opening ceremony of the Petroleum Technology Association of Nigeria, PETAN pavilion and exhibition stand at the ongoing Offshore ...

…. Gallant with 36 million barrels in Nigeria and Congo assets….. …….. by Ben Ndubuwa…….. Chevron Nigeria has further taken steps to remphsis it’s decision to continue operations in Nigeria as it increases the Usan and Agbami oilfield leases till the year 2042. The company is also increasing its investment emphasis on short-cycle projects. Furthermore it said that 27 percent ...