Upstream

…….by Olabode Sowunmi…… The Bayelsa Oil Company Limited (BOCL) was awarded the Atala Marginal Oil Field (OML 46) in 2003, with Hardy and CEPL subsequently farming-in in 2005 and 2012, respectively. In the 17 years before its revocation, BOCL failed to develop the field in line with the terms of the letter of award. The controversy surrounding the revocation of ...

The Senate Committee on Ethics, Privileges and Public Petitions, is investigating the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for allegedly re-allocating the Atala marginal oil field (MOF), located in oil mining lease (OML) 46, in Bayelsa State, to another firm. The NUPRC came under fire in the Senate over its alleged revocation and illegal re-allocation of the oil field owned ...

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has urged oil companies operating in Nigeria to increase investments in the industry to boost oil and gas production. Sylva who spoke at the commencement of operation of the TotalEnergies’ Ikike Oil Field. The field has a production capacity of 50,000 barrels per day. The Minister in a statement by his ...

Decklar Resources has provided an update on operational activities relating to the transportation and export of crude oil produced from the Oza oil field in Nigeria. Decklar and its co-venturer Millenium Oil & Gas Company said that they are pleased to announce that the 7,800 barrels of crude oil (‘bbls’) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling ...

….by Jenifer Dike…….. …… crash attributed to theft….. Nigeria’s crude oil revenue has continued to slid as the Organization of the Petroleum Exporting Countries’ newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000 barrels per day (b/d) in August last month.. This crash is said to be the lowest for ...

……provides free medical eyecare to 2000 Lagosians…… Nigeria’s premier deep-water oil and gas exploration and production company, Shell Nigeria Exploration, and production Company Limited (SNEPCo), says the scheduled turnaround maintenance of its offshore Bonga asset would be defined by safety as top priority. SNEPCo’s Managing Director, Elohor Aiboni, gave this charge recently at a session with the chief executive officers ...

Nigeria’s deepwater projects which are expected to come on stream between 2025 and 2030 will have the capacity to add at least 2.3 billion barrels of crude oil to Nigeria’s existing reserves, S&P Global Commodity Insights, a market intelligence agency has stated. In a just-released report, S&P stated that deepwater projects hold the key to Nigeria’s production growth and ultimately ...

The National Petroleum Investment Management Services (NAPIMS) has described the deep-water operations of Shell Nigeria Exploration and Production Company Limited (SNEPCo) as best in class. The Group General Manager of NAPIMS, the investment arm of the Nigerian National Petroleum Corporation Limited (NNPC), Mr. Bala Wunti, gave this commendation when he led his leadership team on an inspection of the SNEPCo-operated ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 17 marginal oilfields are currently producing out of 30 fields awarded since its inception in 1999. Mr Gbenga Komolafe, Commission’s Chief Executive, NUPRC, made this known at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference on Thursday in Lagos. The conference has as its theme, “Energy Transition: “Shaping the ...

TotalEnergies has said it will start a major drilling campaign on Egina and Akpo oil fields in December. With 200,000 barrels per day crude oil expected from the Egina field, The commencement of drilling activities had been some sort of challenge to the international oil company. The potential 11-well drilling programme was due to begin five months ago, but the ...