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France's Total and partner the
Nigerian National Petroleum
Corporation (NNPC) have kicked
off work on phase two of the
Ofon field development, off
Nigeria.
Total operates the project with
a 40 per cent stake on the
project which lies about 50
kilometres off Nigeria in OML
102, in a water depth of about
40 metres.
The field came on stream in
December 1997. The extra proved
and probable reserves to be
developed during the second
phase are estimated to be in the
region of 350 million barrels of
oil equivalent.
These reserves should allow an
increase of oil output by around
60,000 barrels per day to around
100,000 bpd by the end of 2010,
Total said.
On top of the existing Ofon
facilities, new installations
consisting of a processing asse
platform, three drilling
platforms and an accommodation
platform for more than 120
people will be built during
plasse two.
The new central complex is
expected to come on stream in
2010, with development drilling
continuing after that.
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Commuters in Apapa area of Lagos
would soon hive a sign of relief
as the Management of Flour Mill
Of Nigeria Plc in collaboration
with the officials of the
Federal Road Safety Commission (FRSC)
have concluded plans to ease the
traffic congestion in the area.
In achieving this objective, the
Managing Director of Flour Mill
Of Nigeria Plc, Sir Emmanuel
Ukpabio on behalf of his
management donated three
motorbikes, radio communication
gadgets and a Toyota Hilux van
to the officials of the FRSC.
According to Sir Ukpabio, these
facilities would help the
officials FRSC to achieve
immediate right of way, full
compliance to with traffic laws,
zero tolerance for undisciplined
behavior and free traffic flow.
With this development, Energy
News believes that officials of
Power Holding Company of Nigeria
and other power companies would
bring in their facilities faster
through the national sea ports
without complaining of traffic
congestion.
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Pauly Enujuba, a Nigerian is the
new General Manager, Public
Affairs, ELF. He is a graduate
from the University of Nigeria,
Nsukka. He previously worked
with Alpha Youths Services
before he joined the services of
ELF. The oil industry remains
Nigeria's most important revenue
earner and its accurate
reporting is of great importance
to all stakeholders.”
EnergyNewsTM gathered that the
company has been in the oil
exploration business in Nigeria
for 45 years. ELF has moved from
just producing crude oil onshore
(OML 58 and 57) in the swamping
Rivers and Delta States to
operating in the deep offshore.
They are also part owners of the
Nigerian Liquified Natural Gas
NLNG, and in August 2006
acquired 17% of the Brass LNG.
However, it is pertinent to note
that the upstream activities of
the group are carried out by two
subsidiaries. ELF Petroleum
Nigeria Limited (EPNL), operator
of the NNPC/EPNL Joint Venture
and Total Upstream Nigeria
Limited (TUPNI). The group
believes in the future of
Nigeria. Evidence of this is the
planned investment of 7.5billion
dollars (USD) in the upstream
sector of the Nigeria oil and
gas industry in the next five
years. The completion of the
Amenam Kpono Gas Export Project
(AKOGEP) which ensured that on
December 30, 2006, they were
able to export their first gas
from that field to the Bonny
NLNG.
The corporate philosophy of the
company encourages the
participation of Nigerians and
Nigerian-based companies in its
operations, through staff
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When the Niger Delta militants
commenced their struggle against
the social injustices melted out
to them by the federal
government and the oil giants
who are involved in oil
activities in the region, the
international community did not
pay much attention to their
quest.
But with the recent incident of
kidnapping of oil worker in the
area and releasing them without
collecting ransome, the oil
giants knew that the restive
youths were determined to make
good their threat of disrupting
of oil activities in the area.
The newly elected government of
President Umar Yar'Adua sensing
the danger these youths were
capable of doing to the national
economy, also paid attention to
the clamour by releasing their
leader, Alhaji Asari Dokunbo,
and adding that adequate
measures would be taken to
address the key issues
responsible for the crisis in
the area.
But recently, some youths in the
area have made a mess of the
whole struggle by kidnapping
innocent children. This has
turned the whole struggle into a
child's play. The youths who are
sincerely involved in this
struggle are perceived to be
mere charlatans.
Alhaji Dokubo, and the
leadership of Movement for the
Emancipation of Niger Delta
(MEND) have vowed to apprehend
those behind this criminal act
of kidnapping children. How long
would it take for them to
fulfill this assignment and put
their struggle on the right
part? Only time would tell!
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Jim
Bob Brown, former executive of
Willbros Group Incorporated, who
once worked in Nigeria, has
pleaded guilty to charges of
bribery and corruption. Brown
admits that he conspired with
others to bribe officials of the
governments in Nigeria and
Ecuador, reports the US
Department of Justice.
Willbros, a publicly traded
company that provides
construction, engineering and
other services in the oil and
gas industry, conducts
international operations through
a subsidiary known as Willbros
International Inc.
During his guilty plea hearing,
Brown, 45, admitted that in
February 2005, he and another
Nigerian based Willbros'
executive arranged for the
payment of approximately
$1.5million in cash as part of a
conspiracy to make corrupt
payments to, among others,
officials of Nigerian National
Petroleum Corporation (NNPC),
and a joint venture effectively
controlled by the company, in
order to obtain and retain gas
pipeline construction business
in Nigeria.
The illegal and corrupt payment
was part of a larger,
multi-million dollar foreign
bribery scandal involving, among
others, a former senior Willbros
executive officer, a U.S.
national, acting as a purported
“consultant” to Willbros, and
Nigerian-based employees of a
major German engineering and
construction company.
The plea was accepted at the
Federal Courthouse in Houston,
Texas by Judge Sim Lake of the
U.S. District Court for the
Southern District of Texas. The
Court set a sentencing date of
November 30, 2006.
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The
Bureau of Public Enterprises has
said that it has incorporated a
Special Purpose Entity to manage
the legacy liabilities of the
Power Holding Company of
Nigeria. The SPE is known as
Nigeria Electricity Management
Agency Limited/GTE. “The
incorporation of the SPE is part
of the unbundling process of the
electric power sector. The
'liability management' vehicle
is charged with the
responsibility of managing
legacy liabilities, stranded
assets and liabilities in a
manner that will create the
least burden on electricity
customers”, said BPE spokesman,
Mr. Chigbo Anichebe.
He listed the other objectives
for which the SPE was
established to include; assuming
and managing pension liabilities
of the employees of PHCN and
holding the non-core assets of
PHCN, sell or dispose of, or
deal in any manner for the
purpose of financing the
repayment of the pension
liabilities of the employees.
PHCN Plc which replaced the
National Electric Power
Authority in preparation for its
reforms and privatization has
resulted in the unbundling of
PHCN into 18 independent
entities.
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President Obasanjo has
inaugurated the board of the
Nigeria Atomic Energy Commission
(NAEC). First established in
August 1976, NAEC was to provide
the requisite institutional
framework and technical pathway
to explore, exploit and harness
atomic energy for peaceful
applications in all its
ramifications for the
socio-economic development of
Nigeria.
President Obasanjo who described
the acquisition and use of
nuclear technology as a very
important element in any
nation's path that wants to
achieve scientific and
technological maturity, and who
chairs the commission, said
nuclear energy uses are
multifarious and
multi-disciplinary. “In addition
to the generation of
electricity, nuclear energy
finds ready peaceful
applications in agriculture and
food security, medicine,
industry, and in basic and
applied scientific research”, he
emphasized.
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The
Federal Government has concluded
plans for the construction of a
$260million gas pipeline
project.
The new pipeline is an
alternative to the country's
major Escravos Gas Pipeline,
which was blown up in February,
by militant forces in the wake
of attacks on oil facilities and
installations in the Niger
Delta.
The blowing up of the pipeline
led to the loss of 600 megawatts
of power from the National Grid.
The new gas pipeline will be
constructed under the Trans
Nigeria Pipeline System, which
will transverse through many
parts of the country, to be
executed in three phases:
Ajaokuta-Abuja-Kaduna Pipeline
System; Aba-Enugu-Gboko Pipeline
System; and the East-West Link
Pipeline System.
The gas pipeline network is
meant to enhance flexibility in
gas flowing operations from one
segment to another, improve
infrastructural
development/installations,
enhance isolation of pipeline
segments for maintenance
interventions, and improve gas
availability for customers'
instant needs.
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