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Tag: NNPC

  • NNPC to automate its downstream facilities

    NNPC to automate its downstream facilities

    By Our Reporter

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation is poised to automate its downstream facilities such as depots, pump stations and measurement systems across the country.

    Kyari said this in a statement signed by the Acting Spokesman for the Corporation, Mr Samson Makoji in Abuja, on Wednesday.

    Kyari spoke during a tour of the state-of-the-art products loading facility and lubricants manufacturing plant of MRS Oil Nigeria Plc, an indigenous oil company based in Lagos.

    He added that the move would align with the corporation’s commitment to accountability, transparency and efficiency in the sub-sector.

    He said the visit was a follow-up to the recently launched Operation White initiative which was aimed at taking stock of every drop of white products in every NNPC’s location nationwide, particularly Premium Motor Spirit (PMS).

    He said that as a control mechanism, the Operation White had so far produced significant results as the corporation now clearly knows the areas of losses as well as reliability and integrity status of each and every facility under its control.

    “As you can see, those control measures have produced results. The evacuations from many of the depots have drastically gone down.

    “We shall go further on this and ensure that the evacuation issues are brought to the nearest level possible,” Kyari said

    The GMD said that as an enabler company with the responsibility of ensuring energy security for the country, NNPC would sustain its engagement drive of the downstream stakeholders, adding that every stakeholder along the sub sector value chain was very critical.

    He acknowledged the recent successful operations of the Nigerian Customs Service (NCS) which he said had helped tremendously in reducing the cross-border leakages and losses suffered by the country.

    Responding, the Group Chief Executive Officer of MRS Oil Nig. Plc, Alhaji Sayyu Dantata, thanked the GMD for the visit, saying that as the leader of the Industry, NNPC had been very supportive toward the growth of indigenous companies.

    Dantata also welcomed the move by the NNPC to upgrade and automate its systems and processes so as to bring more efficiency and curtail losses across the downstream value-chain.(NAN)

  • NNPC is committed to fostering positive change by internal talent

    NNPC is committed to fostering positive change by internal talent

    By Jennifer Y Omiloli

    The Nigerian National Petroleum Corporation (NNPC) reiterated its commitment to foster positive change through internal talent in addressing business challenges.

    The NNPC Group Managing Director; Mallam Mele K. Kyari made this statement at the 51st Annual National Conference of the Nigeria Chartered Institute of Personnel Management (CIPM) in Abuja.

    Kyari who was represented by the Managing Director Petroleum Products Marketing Company (PPMC), Mr Bala Wunti stated that the Corporation is committed to using internal talents clustered according to their enthusiasm, creative thinking and unconventional inclinations to co –create in house strategies to market challenges.

    He specifically named –checked the “Operation White” initiative aimed at enshrining energy security and expanding the push for transparency in the production and distribution of petroleum products as a novel initiative driven by the Corporation’s young and creative talents.

    The NNPC Boss said Big data, predictive analytics, artificial intelligence, and agile work practices will be implemented on the Corporation’s path to global excellence in repositioning.

    In line with the TAPE Agenda of the Company, NNPC will build software labs that will crowd source and optimize technologies across the value chain to tackle various business challenges.

    According to the GMD, “In today’s VUCA world, where all is changing at supersonic speed, NNPC is poised to be a leading hope for innovation and creativity in Africa Oil and Gas landscape”.

    The “Disruption: Change the Game” theme conference has over 2700 participants from various sectors across the economy of the nation.

  • NNPC signs agreement with NAOC on 4 OMLs

    NNPC signs agreement with NAOC on 4 OMLs

    The Nigerian National Petroleum Corporation (NNPC) has signed a novation agreement with Nigerian Agip Oil Company (NAOC) on Oil Mining lease (OML) 60,61,62 and 63.

    Nigerian Agip Oil Company (NAOC) Limited operates in the Niger Delta, under a joint venture arrangement with NNPC (60 per cent), NAOC (20 per cent), and Oando (20 per cent),

    The Group Managing Director of the NNPC Malam Mele Kyari said at the signing agreement in Abuja, on Wednesday that the agreement will strengthen relationship with its partners.

    A novation agreement transfers the contractual obligations of one party to a third party or replaces a contractual obligation with another one. All parties involved in this type of contract must consent to the changes.

    He said that by the agreement the NNPC had transferred its stake to its subsidiary, the Nigeria Petroleum Development Company, its subsidiary to operate with its partners.

    “The federation divested its interests in the NAOC/NNPC joint venture and that means we transfer those interests to Nigerian Petroleum Development Company (NPDC).

    “The meaning of that is to grow NPDC to become a medium size upstream company that the federation and the NNPC will be proud of,’’ he said.

    He added that Part of the requirement for the agreement was to have the divestment authorized by the Minister of Petroleum Resources adding that a novation agreement was needed to do so.

    He said that the corporation had issues of lack of assurance that it could not deliver on its responsibilities to its partners.

    He noted that the signing of agreement was a clear sign to convince the partners that NPDC would deliver to its responsibility.

    He assured that the corporation would continue to support efforts that would help to grow the sector.

    “Today, we have given them all the comfort and condition precedent for them to be convinced that NPDC will deliver.

    “That is why our partners, NAOC and OANDO have agreed to sign novation agreement which will open a new chapter of business for NPDC and our partners,’’ he added.

    This, he noted would expand the frontier of reserves and production for our country and the companies.

    News Agency of Nigerian (NAN) reports that Kyari signed for the NNPC, Fiorillo Lorenzo Manging Director of NAOC signed for NAOC while Mofe Boyo Deputy Group Chief Executive, Oando signed for OANDO

    Responding, the managing Director of NAOC, Mr Fiorillo Lorenzo said that the agreement was a welcome development and assured that his company would keep to the terms.

    “For us, it is a very important roadmap being together to find a solution and a common ground to operate.

    “This is for NAE and Agip, good development and we will continue to support the ambition and strategy”, he said.

    NAN also reports that the Corporation signed ABO head of terms agreement with Nigeria Agip Exploration limited

    ABO is an oil field hosting the Oil block OML 125 which produces about 32,000 barrels a day.(NAN)