Upstream Gaze Magazine2

NOVEMBER 2022
VOL. 2
ENGR. GBENGA KOMOLAFE:

EXPERTISE MEETS
COMMITMENT AT NUPRC
NIGERIA’S PERENNIAL GAS

FLARING CHALLENGE: HOW PIA
WILL ENGINEER TRANSITION
FROM WASTE TO WEALTH
MELE KYARI: LEADING

REBIRTH WITH PIA
& PURPOSE
ACCESS TO FINANCE KEY TO

AFRICA'S ENERGY TRANSITION PLAN
PRESIDENT BUHARI
NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION
Mission
Promoting sustainable value creation from Nigeria’s
petroleum resources for shared prosperity
Vision
Be Africa’s leading regulator
Core Values
Professionalism . Responsiveness . Openness . Integrity

No. 7, Sylvester Ugoh Crescent, Off Obafemi Awolowo way, Jabi District, Abuja.
Tel +234 (1) 2790000, 9037150 Email info@nuprc.gov.ng
2 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

CONTENTS
COVER STORY
16 COP 27: Access To Finance Key
To Africa's Energy Transition
Plan President Buhari
57
08 Engr. Gbenga Komolafe:
Expertise Meets Commitment
at NUPRC
47 Infrastructure Deficit: Bane of

Nigeria's Oil & Gas Industry
Growth
63
49 Nigeria’s Perennial Gas Flaring
Challenge: How PIA Will Engineer
Transition from Waste to Wealth
51 Mele Kyari: Leading Rebirth With

PIA & Purpose
72 84
65 NUPRC Holds Corporate
Strategy Retreat
76 Olu of Warri Hosts Upstream Chief,

Industry Stakeholders,To Maiden
Edition of Iwereland Petroleum Host
Communities Summit
89 90
UPSTREAM GAZE is published by the office of the Commission Chief Executive,

Nigerian Upstream Petroleum Regulatory Commission. All correspondences should
be directed to the Editorial Board, UPSTREAM GAZE, Nigerian Upstream Petroleum
Regulatory Commission - 7, Sylvester Ugoh Crescent, Jabi Abuja.
Tel +234 1 279 0000, +234 903 7150 Email info@nuprc.gov.ng
VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 3

PUBLISHER’S NOTE
I
t is my pleasure yet again to provide some insightful ideas,
critical industry data and a variety of information to highlight the
policies and interventions of government in creating a sustainable
upstream oil and gas investment landscape. UPSTREAM GAZE
This edition explores several topical issues affecting the upstream TEAM
sector; dwindling oil price and production, establishment of NNPCL
and the initiatives of the Nigerian Upstream Petroleum Regulatory
Commission (NUPRC) to increase production, vis a vis the scorecard
of the Commission one year after its establishment.
Publisher
This publication contains stories from key industry leaders and Engr. Gbenga Komolafe, FNSE
exclusive reports on the activities of the NUPRC within the period
of coverage. It also offers an analytical study of upstream oil and gas Editorial Advisory Board
trends, comprehensive and illuminating materials on emerging tech-
nologies, infrastructure development, Corporate Social Responsibility Captain John Tonlagha, PhD
(CSR), inter-agency collaborations, oil spill management etc. All these, Nuhu Habibu
will keep you actively engaged as you read through this edition. Kelechi Ofoegbu, PhD
Idris Abdulrahaman
Accordingly, let me reassure you of our commitment to providing
remarkable leadership and building partnerships using our service Jide Fashina
instruments of licenses, permits and approvals to enable businesses Edu Inyang
and create value for millions of Nigerians and our investors. Afeez Balogun
Anyanwu Ignatius
Happy reading!
Engr. Gbenga Komolafe, FNSE Legal Adviser
Olayemi Anyanechi
Public Affairs
Adamu Garba
Anthony Ukpo
Information Technology
Olanrewaju Sholabi
Media Consultants
Akpandem James
Lekan Fatodu
Concept & Production

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…towards an end to gas flaring

COVER STORY
ENGR. GBENGA KOMOLAFE: EXPERTISE

MEETS COMMITMENT AT NUPRC
WALKING THE TALK TO DELIVER THE CORE ESSENCE OF PIA 2021
- Akpandem James -
T
here is something experience does to a man Act (PIA, 2021) with the zeal of a matador. For him,
when he mounts the saddle to execute an the industry will never be the same again as the era of
assignment; it gives him wings to fly. When ‘business as usual’ has been consigned to the dustbin
experience meets commitment on the job, it of history.
adds the power to soar. That is the live story of Engineer The mission of the Commission became like the
Gbenga Komolafe, who sits atop the affairs of the Apostle’s Creed. For him, ensuring sustainable devel-
Nigerian Upstream Petroleum Regulatory Commission opment of Nigeria’s upstream petroleum resources
(NUPRC). through effective regulatory practices has become
Engr Komolafe took up the mantle of leadership as a passion. Entrenching world-class professionalism,
the pioneer Commission Chief Executive (CCE) of NUPRC accountability and transparency is his guiding armour.
on October 22, 2022 when the top management team For Komolafe, guaranteeing international best practices
was inaugurated. From day one, he had signalled his in regulating the upstream oil and gas sector in Nigeria
intention to pursue the purpose of the Commission and has been his major goal; and ensuring achievement is
deliver on the prescriptions of the Petroleum Industry the legacy he wants to leave behind when his tenure

COVER STORY
commitment such that in just one year after inaugu-

ration the portfolio of achievements was already a bag
full.
From day one, he was not under any illusion that the
task was going to be an easy one. He was undaunted.
He knew that it would take teamwork approach to
accomplish the enormous task ahead. A team player
per excellence, Komolafe called the staff together on
assumption of duty and drew their attention to the big
task ahead and asked for their support and coopera-
tion. “As we are all aware, these are challenging times
for the Nigerian oil and gas industry with the current
global clamour for energy transition from fossil fuel
to cleaner energy. Therefore, I solicit the support and
cooperation of all staff to enable us manage the chal-
lenges and realities of the energy transition era.
“I enjoin all staff to continue to exhibit innovation
and creativity, promote ideas and create opportunities
for the sustainable development of the Nigerian Oil
and Gas industry, in the overriding national interest.
Let us positively accept the changes in the sector as a
clarion call to sustain the tempo of our activities to drive
economic growth, stability and sustainability leveraging
our abundant oil and gas resources. I solicit the loyalty,
dedication and cooperation of all staff and invite all to
join hands with the new executive in this new era to
move our organisation forward.
“Let me emphasize, that no individual is a sole rep-
ertoire of knowledge and as such the opportunities to
eventually expires. innovate and learn improved ways
He mounted the saddle, as of doing things are boundless.
the pioneer chief executive, with Accordingly, we must continue to
a load of experience in the oil collaborate and leverage our indi-
and gas industry. His requisite vidual strength, especially in this
academic qualifications and pro- FOR KOMOLAFE GUARANTING new disposition.” It was a clarion
fessional hands-on experience INTERNATIONAL BEST call that gave impetus to renewed
in the industry had adequately strength and focus that has seen
prepared him for the job. He PRACTICES IN REGULATING the Commission achieve so much in
came into a familiar terrain. He is THE UPSTREAM OIL AND GAS just one year of its existence, with
an accomplished engineer and a Komolafe at the helm of affairs.
lawyer. His milestones as Group SECTOR IN NIGERIA HAS BEEN With his professional skill
General Manager, Special Duties at coupled with his knowledge of
the defunct NNPC; Group General
HIS MAJOR GOAL law and workplace dynamics as
Manager, Crude Oil Marketing a graduate of Law, Industrial and
Division and Executive Director (Commercial) Pipelines Labour Relations, the Petroleum Industry Act, (PIA,
and Petroleum Marketing Company (PPMC); General 2021), the midwife of the Commission, became a familiar
Manager, Operations, Petroleum Equalisation Fund doctrine for which Komolafe has since been preaching
(PEF); General Manager, Operations of the Petroleum and acting to the glory of the oil and gas industry in
Products Pricing Regulatory Agency (PPPRA), among Nigeria, using global best practices.
others formed the building blocks of his experience, The PIA 2021 which was signed into law on August
which recommended him highly for the position. These 27, 2021 by President Muhammadu Buhari, holds so
notwithstanding, it is the passion for achievement that much excitement for Engr. komolafe. For him, Nigerians
has powered and sustained his zeal to accomplish set craved a legal regulatory framework for the oil and gas
targets within the shortest possible time. Hitting targets industry – one robust enough to effectively regulate
on the job driven by an inner passion has become like the sector for optimum productivity and efficiency. So
a hobby to him. when it came through the PIA 2021, it was a remark-
When he was saddled with the job, he rode on the able development for him, that the Nigerian oil and
wings of experience and soared on the strength of gas industry has transformed from a background of

COVER STORY
addition to its role as technical regulator.

In furtherance of the stipulations of the relevant
sections of the PIA, Komolafe led his team to work assid-
uously in line with government aspirations, towards
transforming NUPRC into a world-class organization
LET ME EMPHASIZE, THAT NO INDIVIDUAL through the pursuit of far-reaching reforms. The goal,
IS A SOLE REPERTOIRE OF as he often reminds his team, is to promote sustainable
value creation from Nigeria's petroleum resources for
KNOWLEDGE AND AS SUCH THE shared prosperity while positioning the establishment
as Africa's leading regulator.
OPPORTUNITIES TO INNOVATE AND The new law saddled the NUPRC with the statutory
LEARN IMPROVED WAYS OF DOING responsibility of ensuring compliance with petroleum
laws, regulations and guidelines in the Oil and Gas
THINGS ARE BOUNDLESS Industry. The discharge of these responsibilities involves
monitoring of operations at drilling sites, producing
regulatory uncertainties to a sector governed by clear wells, production platforms and flow stations, crude oil
rules and regulations. As one of the pioneer drivers of export terminals, and all pipelines carrying crude oil and
the process, he considered it a task that must be done. natural gas. Other functions include:
The passage of the Act heralded the dawn of a new • Supervising all Petroleum Industry operations
era in oil and gas business in Nigeria. Although the carried out under licences and leases in the country.
process underwent various revisions, its passage laid to • Monitoring petroleum industry operations in
rest previous uncertainties around fiscal and regulatory line with national goals and aspirations including
framework; and further conferred on the Commission those relating to flare down and domestic gas
an additional responsibility as commercial regulator in supply obligations.

COVER STORY
prices and production cuts by the Organization of the

Petroleum Exporting Countries (OPEC).
His priority remains the urgent optimization of the
country’s current production levels, as he points out
routinely that as a response to the growing demand
AS A RESPONSE TO THE GROWING for alternative energy and renewables it was critical for
DEMAND FOR ALTERNATIVE ENERGY AND the global oil and gas industry to remain efficient and
innovative in responding to the emergence of clean
RENEWABLES IT WAS CRITICAL FOR energy sources, to sustain the relevance of hydrocar-
bon resources in the global energy mix.
THE GLOBAL OIL AND GAS INDUSTRY TO NUPRC emerged from the unbundling of the
REMAIN EFFICIENT AND INNOVATIVE IN Department of Petroleum Resources (DPR) and as
such inherited some unfinished businesses from the
RESPONDING TO THE EMERGENCE OF defunct subsidiary of the Nigerian National Petroleum
CLEAN ENERGY SOURCES Corporation (NNPC). Komolafe’s initial focus was to
finish the unfinished businesses, particularly those that
• Ensuring health safety and environment regu- fell into the portfolio of the emerging NUPRC. The most
lations conform with national and international urgent was closing out on the 2020 marginal oilfields
best oil field practice. bidding round, which was not only unfinished but had
• Maintaining records on petroleum industry some unbecoming tentacles.
operations, particularly on matters relating to As important as that was, he also knew through
petroleum reserves, production/exports, licences experience in the industry, that no effort can be
and leases. sustainable without firm and unambiguous regula-
• Advising Government and relevant Government tory frameworks to guide operations. He therefore
agencies on technical matters and public policies moved the Commission simultaneously into working
that may have impact on the administration and diligently in developing necessary regulations aimed
petroleum activities. at giving meaning to the intent and letters of the
• Processing industry applications for leases, PIA. The regulations comprised: Upstream Host
licences and permits. Community Development Regulations, Upstream Fees
• Ensuring timely and accurate payments of rents, and Rents Regulations, Nigeria Royalty Regulations,
royalties and other revenues due to government. Conversion and Renewal Regulations, Domestic Gas
• Maintaining and administering the National Data Delivery Obligations Regulations and Licensing Round
Repository (NDR). Regulations, to provide enabling environment and level
To achieve success, Engr. Komolafe emphasized the

need to remain focused and innovative in developing
sustainable ways of growing the nation’s huge hydro-
carbon resources in line with global best practices and
to meet the energy demands, targets, goals and aspi-
rations of government in the face of dwindling crude oil

COVER STORY
playing ground for all industry players. launched the Host Community Regulations to guide
On the closing out of the 2020 marginal oilfields the implementation and operationalization of the Host
bidding round, he had assured stakeholders and the Community Development Trust (HCDT); and is conclud-
general public that it would not be business as usual; ing modalities to ensure the smooth take-off of the
that the process would be transparent and conducted various Trusts in a timely manner.
in compliance with the law. He delivered successfully Another focus area which Komolafe tackled assidu-
on that promise within the stipulated time frame. The ously is Development and Production (D&P), an effort
commission managed the various tendencies and that has seen the declaration of the nation’s reserves
vested interests and ensured that 47 of the applicants which puts Oil and Condensate reserves at 37.046
who met all the stipulated requirements were awarded MMMB, an increase of 0.37% compared to 2020 figures,
licences. with a life index of 60 years; and Gas reserves at 208.62
On the regulations, he has so far delivered on the trillion cubic feet (TCF), an increase of 1.01% compared
critical ones. As a stickler to the law, the Commission to 2020 figures, with a life index of 88 years. This was
Chief Executive ensured that stakeholders were carried as at September, 2022.
along every step of the way. Between April 20 and 22, Other achievements in the D&P sector include com-
2022 stakeholders in the Nigerian upstream oil and gas pletion of automation of Upstream Work Processes,
industry gathered in a consultation forum to discuss which is planned to improve the efficiency of work
and finalise the draft Regulations in line with Section processes. It would become operational before the end
216 of PIA 2021; a statutory pre- of this year. Also, the first oil from
scription and a critical milestone in the Ikike Well, with a capacity to
the implementation of the Act. deliver peak production of 50,000
Aside the statutory imperative barrels of oil equivalent per day by
on the part of the Commission to the end of 2022, was first officially
have the Regulations finalised in celebrated in September 2022.
time-specific manner, Komolafe In a renewed move to minimise
emphasized the point that there
MORE IMPORTANTLY, THE crude oil theft and vandalism on the
was also the compelling need PUBLISHING OF UP-TO- Nembe Creek Trunk Line (NCTL),
for Nigeria to conclude the reg- the Aiteo 120 thousand barrels per
ulations-making process for DATE DATA ON NATIONAL day (kbd) barge-mounted crude
implementation of the Act in a CRUDE OIL PRODUCTION oil facility was deployed and com-
manner that the country can hedge missioned. Same with the Tenoil
against the impact of energy tran- ON THE COMMISSION’S 10kbd Early Production Facility
sition and also take advantage of WEBSITE HAS ENSURED (EPF) which has increased daily
the oil and gas supply gap resulting crude oil production by 10kbd. The
from the face-off between Russia TRANSPARENCY OF period also saw the regularization
and Ukraine. DATA AND INFORMATION and commissioning of Halkin 5kbd
In the last one year, the EPF at Atala OML-46.
Commission prioritised regulations The Commission also Inaugurated
to meet the time-lines in the PIA; a consideration which an integrated industry-wide study to ascertain shut-in
saw the first phase of the stakeholders engagement wells that can be reactivated in the short, medium, and
escalating conversations around issues dealing with long-term. The primary aim is to boost production
royalty, licensing rounds, fees and rentals, burning and guide investment planning. In addition, the study
issues on implementation of host community fund aims to optimise recovery factor via identification of
in line with Section 235 of the Act, finalising the 2020 enhanced oil recovery (EOR)/Improved oil recovery (IOR)
bid round through issuance of Petroleum Prospecting candidate wells and recommend low hanging potentials
License (PPL), in line with Section 94 (2); including to boost national production. The exercise has been
the Nigerian Upstream Fee and Rent Regulations, concluded and is currently at the report writing stage.
Petroleum Licensing Round Regulations, Domestic Gas Further achievements in the sector include:
Delivery Obligations Regulations, Nigeria Conversion • Development of the Advanced Cargo Declaration
Regulations, Nigeria Royalty Regulations, and the Regime, and Crude oil and LNG Tracking (COLT)
Nigeria Host Community Regulations. which has reached advanced stage
In furtherance of its determination to lay a • Granted 274 export permits for a total of
solid foundation for the regulatory functions, the 480,863,863 barrels of crude oil/condensate/
Commission drafted the Environmental Re-mediation EGTL between Q4 2021 and Q3 2022.
Fund Regulation and the Upstream Environmental • Completed establishment of ELI-AKASO crude
Regulation and Upstream Petroleum Safety Regulation, oil export terminal.
both of which were subjected to stakeholder review as More importantly, the publishing of up-to-date data
demanded by the law. The Commission also successfully on national crude oil production on the Commission’s

COVER STORY
website has ensured transparency of data and informa- of littoral communities to deep water operators with
tion. It has provided accurate volume to both internal reference to Regulation 6(1)(d) of the Host Community
and external users. In line with the Provisions of Section Development Regulations (2022). Modalities for the
108 of the PIA 2021, the Commission has commenced assignment of littoral host communities to deep
engagement and sensitisation of all operators to submit offshore operators have been worked out. Also, the
their gas flare elimination and monetization plan. Commission is working in synergy with the National
Ten (10) High Impact Technologies, innovation, Boundary Commission (NBC) to map the littoral host
and Solutions have been successfully qualified and communities to deep water operations.
adapted into the Nigerian oil and gas Industry. The high In the area of Economic Regulation and Strategic
impact technologies aim to increase oil discovery and Planning, the Commission has commenced the
implementation of the Financial
Viability Monitoring of licensees,
lessees and permit holders in line
with Section 7(y), by requesting
the companies to submit their
2020 and 2021 Audited Financial
Statements; as well as the review
of Crude Handling and Crude
Transportation Agreements in line
with Section 174(9), with a view to
ensuring the tariffs do not nega-
tively impact on cost of production.
Under the stewardship of Engr.
Komolafe, the Projects and Cost
Monitoring activities witnessed a
new lease. A new model to estimate
the value of assets and determine
the Signature Bonus, Renewal
Bonus and Good and Valuable
Consideration was developed in
production, reduce cost of pipeline maintenance and line with the provisions of the PIA. Already, the renewal
integrity threshold, etc. bonus valuation has been completed for OML 125,
Another major area which the Commission devoted 128, 132, 133, 138 and 130; while economic analysis of
much energy is Exploration and Acreage Management the following Field Development Plans (FDPs) were
and the directorate in charge of this sector was put to assessed for viability of investment with respect to
task and it delivered in the following areas: “Government take”, Cost, and Decommissioning and
• Awarded 47 Petroleum Prospecting Licences Abandonment:
(PPL) to winners of marginal fields during the • Oyo Field Development Plan submitted by
2020 Marginal Fields Bid Round. General Hydrocarbons
• Developed a Model Licence and Model Lease • Ohaji South Field Development Plan submitted
in conjunction with Legal and Compliance and by Seplat Petroleum Development Company
Enforcement (C&E) Strategic Business Unit. • Abura Field Development Plan submitted by
• Renewed OMLs 128, 130, 132, 133 and 138 Nigerian Petroleum Development Company
• Acquired, processed and interpreted 82,175 sq • West Isan Field Development Plan submitted by
km of multi-beam data as well as Geochemical Chevron Nigeria Limited
analysis of standard cores and heat flow data • Tunu Field Development Plan submitted by Shell
over the Niger Delta offshore. Petroleum Development Company
The Commission has also made significant in-roads • Okono Field Development Plan submitted by
in the areas of Health, Environment and Security. Nigerian Petroleum Development Company.
Apart from the Host Community Regulations to • Obiafu-Obrikum Field Development Plan
guide implementation and operationalization of the submitted by Nigerian AGIP Oil Company
Host Community Development Trust (HCDT), NUPRC • Ogbele Field Development Plan submitted by
also developed and automated the Host Community Niger Delta Petroleum Resources
Development Trust Reporting, Monitoring, and Data • Ethiope Field Development Plan submitted by
Management Portal. Settlors have already commenced Seplat Petroleum Development Company
submission of applications on the portal; the In addition, the Commission publishes a weekly
Commission has had successful engagements with the report of its assessment of the competitive position of
Oil Producers Trade Sector (OPTS) for the assignment Nigeria’s crude oil in the international oil market and

COVER STORY
has commenced benchmarking cost of operations in Miscellaneous Oil Revenue (MOR) and Internally
the industry. Cost is being benchmarked according to Generated Revenue (IGR) heads appropriately.
terrain (onshore, offshore, and deep offshore). • maintained consistent Revenue stewardship to
The management at the Commission is focused on all internal and external Stakeholders.
creating value for its operations. In the last twelve • concluded and submitted the NUPRC Quarter
months, NUPRC has: Three 2022 revenue performance justification
• internalised and managed the provisions of as above.
the Petroleum Act (PA) 1969 and PIA 2021 with The Commission is collaborating with a number of
regards to its applicability or otherwise of its relevant agencies to undertake projects in the areas
fiscal provisions to stakeholders in the industry of Climate Change/Green House Gas (GHG) emissions
to achieve orderly transition; management, including support-
• developed Royalty Models ing the review and assessment
that give effect to the of the national GHG emissions as
fiscal provisions of the part of series of workshops that
Petroleum Industry Act (PIA) led to revision of the Nationally
with respect to Royalty by Determined Contributions (NDCs)
Production in tranches and policy. This was submitted to
Royalty by Price, with linear the United Nations Framework
interpolation and year by Convention on Climate Change
year changing base price; (UNFCCC) ahead of the 26th
• applied the PIA Model terms Conference of Parties (COP26)
in the Royalty assessment Summit in Glasgow, Scotland 2021.
of OML 130 (Akpo and Egina The fugitive methane emission
Fields) bringing the fiscal reduction target (60%) from Oil &
terms prescribed to life in a Gas was added to Nigeria’s NDC
producing asset; and for the first time based on robust
• administered penalties data provided by the NUPRC. The
to defaulters of Royalty development of guideline on the
payment in line with the
2020 Production Drilling and Production
Regulations and PIA.
• developed and launched the RLIS Payment
Portal with the ICT AGILE Team
• developed in-house on-the-job training manual
for new and existing Staff of the Commission.
improved revenue performance (from NNPC debt THE COMMISSION PUBLISHES WEEKLY
recovery) via continuous engagements and
formal reminders sent to NNPC as it transitions REPORT OF ITS ACCESSEMENT OF THE
to an incorporated company. COMPETITIVE POSITION OF NIGERIAS
• submitted NUPRC Quarters 1 & 2 (Half year
2022) revenue performance justification to CRUDE OIL IN THE INTERNATIONAL
the Presidential Revenue Monitoring and MARKET
Reconciliation Committee (PRM&RC) – Budget
Office of the Federation (BoF).
• concluded Quarter 1 2022 Fiscal Reconciliation management of fugitive methane and greenhouse
exercise with E&P Companies gases (GHG) emissions in the Upstream sector has been
• commenced Quarter 2 2022 Fiscal Reconciliation finalised. This policy document which is to enable the
exercise with E&P Companies. Commission drive emission reduction and mitigation
• collaborated with relevant stakeholders targets of the NDCs is currently awaiting approval.
(CBN, OAGF, BrandOne, NUPRC ICT and other Under the Produced Water (PW) Management, the
Directorates of the NUPRC) to find lasting Commission is engaging service providers proposing
solutions to revenue assurance issues with the idea of deploying technologies for the treatment
respect to monitoring and review of automated of Produced Formation Water to portability for reuse
platforms (REMITA, OGISP, COTEX, GATEX, within and outside the facility to meet the Commission’s
IMPEX, etc.). zero-discharge policy. This will also help the new PPLs
• collaborated with the Nigerian Midstream and and others with similar challenges in complying with
Downstream Petroleum Regulatory Authority the Commission’s regulations on the management of
(NMDPRA) in streamlining/delineating produced water.

COVER STORY
Also, in line with the need to domesticate diving incorporation of Trusts and operationalization; Signing
operations in Nigeria and reduce capital flight, the off and operationalization of the Green House Gas
Commission in collaboration with the Petroleum Emission Monitoring Guideline; Gazetting and opera-
Training Institute (PTI), Nigerian Content Development tionalization of the Upstream Petroleum Environmental
and Monitoring Board (NCDMB) and Shell Nigeria Re-mediation Fund Regulations, the Upstream
Exploration Company (SNEPCo), is currently champi- Petroleum Environmental Regulations, and the
oning the upgrading/standardisation of the diving Upstream Petroleum Safety Regulations; and State-
faculties in PTI Warri to a Diving Centre of Excellence wide sensitization workshop for host communities on
complete with world class amenities in order to obtain provision of PIA 2021.
the highly valued accreditation of the International The Commission is committed to the National Data
Maritime Contractors Association (IMCA). Repository (NDR) and is planning to conduct quality
While rounding up the year on a good note, the check of all data deposited in the Repository with a view
Commission is already looking ahead. In the next one to identifying data integrity and gaps for immediate
year it is planning to embark on the development of a closure; commence the deployment of a robust tested
regulatory framework to reduce facilities development and trusted Data Management Solution with the capa-
projects delivery costs through effective participation bility of handling the diverse data types being generated
and regulation of concept, design and equipment in the upstream oil and gas activities; develop a data
selection; as well as the development of guidelines for transaction handling platform for the submission and
facilities development concept to ensure that options processing of information between the NDR and all
for utilizing “infrastructure hubs” are fully exploited to stakeholders; expand National Production Monitoring
reduce capital expenditure and project delivery times. System (NPMS) and Crude Oil Loading Terminal
It plans initiating the review and drafting of new Gas (COLT) platforms towards assisting the Commission in
Flare Regulations further to the provisions of the PIA, curtailing Crude Theft and monitoring Oil and Gas pro-
and updating the Technology Adaptation Guidelines duction activities; commence synchronisation of NDR
and Technology Plan with input from the industry. Platform at of NUPRC-NOR Disaster Recovery Site; and
Development of Barging and Trucking System/Portal Benchmark NDR operations for efficiency and in line
has already reached User Acceptance Test phase; and with its current mandate post PIA.
the Commission has commenced developing draft It is quite a load off-loaded in just one year of stew-
guidelines for fluid sampling and characterisation in oil ardship in a complex and sensitive industry. Engr,
and gas field operations in Nigeria. Komolafe lives up to his promise. He walks the talk and
In the area of Health, Safety, Environment and pushes the frontiers of a new oil and gas industry while
Community matters, the Commission is working driving the Commission’s core values of professional-
on on-boarding of all identified host communities, ism, responsiveness, ownership, and integrity

COVER STORY
COP 27: ACCESS TO FINANCE

KEY TO AFRICA’S ENERGY
TRANSITION PLAN - BUHARI
URGES WORLD LEADERS TO END BLAME GAME, TACKLE CLIMATE CHANGE
- Favour Olusola -
P
resident Muhammadu Buhari has said access to of the Climate Change Conference (COP 27).
financial capital is critical to Africa’s capacity to In his address, the Nigerian president reaffirmed the
transition to clean energy in a bid to comply with country’s commitment to complying with global response
the Paris Agreement. to climate change. He, however, argued that there is a
President Buhari, who was represented by Hon. Minister need for African countries to balance their decision to
of Environment, Mohammed H. Abdullahi, made the abide by the Paris Agreement with the need to meet the
above statement while he addressed The Clean Energy continent’s energy needs.
Transition Event Organized By SEforALL at the sidelines “African nations, and in fact most developing countries,

COVER STORY
A BALANCED AND JUST

APPROACH TO THE CLEAN
ENERGY TRANSITION
MUST RECOGNIZE THAT
FINANCE IS KEY AND
CURRENTLY SKEWED
AWAY FROM THE
DEVELOPING NATIONS
THAT NEED IT MOST
must balance contributing our quota

to the global climate response with
resolving our significant energy
needs. The clean energy transi-
tion is perhaps our main tool to
achieve this. As we sought to scale available in Africa for the buildout embarking on bold actions
our climate mitigation efforts, the of clean energy systems is central ourselves. African nations are
Federal Government of Nigeria rec- to reaching the goals of the Paris demonstrating commitment via
ognized the need for an extensive Agreement,” he added. the signing of the Paris Agreement
clean energy transition while President Buhari further “For developing nations par-
providing sufficient energy to meet observed that in the wake of recent ticularly in Africa who, despite
the needs of the 92 million Nigerians environmental disasters occasioned contributing the least to both his-
without access to electricity and the by climate change, it has become torical and current emissions, are
175 million Nigerians without access pertinent for world leaders to take facing climate impacts to a dis-
to clean cooking solutions.” critical decisions that will salvage proportionate degree, the case for
Speaking on the role of financial the fate of future generations and accelerated climate action is even
capital in energy transition, he said, make the planet safer. more pressing. As will be strongly
“Between 2000 and 2020, just $3 He lamented the fact that Africa demanded here at COP27, we need
billion per year was invested in has taken the major hit from the to see urgent and decisive climate
renewable energy in the whole of negative impact of climate change, action from the countries most
Africa. This was barely 2% of global despite the continent contribut- responsible for the emissions that
renewable energy investment in ing the least percentage to global cause climate change. We cannot
the same period. A balanced and emission and stressed the need for afford any more delays; our people
just approach to the clean energy world leaders to end blame games and nations are on the line. The
transition must recognize that and take urgent measures to tackle blame game should stop, affirma-
finance is key and currently skewed the menace. tive aand positive commitment
away from the developing nations His words, “We are committed to address these challenges must
that need it most. Making capital to tackling climate change by begin now,” he added.

COVER STORY
Engineered for Success

At Sifax Oil and Gas, we are focused on the development of the oil and gas industry in
Nigeria. Over the years our team of experts and professionals have shown commitment
to the vision.
Our consumer-centric philosophy compels us to put the customers and their best interest
at the centre of our operations. We constantly review our processes and innovate in order
to meet the dynamic and unique need of each customer. Every time we handle any
business for our customers, delivering best value is our ultimate goal.
Office Address 54 Warehouse Road, Apapa,

P.O Box 2297, Apapa Lagos State, Nigeria.
+234 01 712 0041, +234 01 440 8433
+234 (0) 810 536 4016, +234 (0) 810 537 6814
info@sifaxgroup.com
1. ECONOMIC REGULATIONS & STRATEGIC
PLANNING
Kindly find below NUPRC revenue performance charts for the period
NUPRC REVENUE PERFORMANCE

August 2021 – October 2022 as requested.
CHARTS FOR THE PERIOD

CHART A:AUGUST 2021INAGGREGATE
REVENUE GENERATED OCTOBER 2022 2022
AUG 2021-OCT
REVENUE GENERATED FOR THE FEDERATION - AUG 2021-OCT 2022

Billions (Naira)
1
Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22
Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Aug-22 Sep-22 Oct-22 Total
CHART A: REVENUE GENERATED IN AGGREGATE AUG 2021-OCT 2022

CHART B: REVENUE GENERATED BY TYPE – AUG 2021 – OCT 2022
REVENUE GENERATED BY TYPE - AUG 2021 - OCT 2022

0%
2%
8%
89%
Oil &Gas Royalties Gas Flared Payment

Concession Rentals Signature Bonus and other fees
CHART B: REVENUE GENERATED BY TYPE AUG 2021 - OCT 2022

DATA & CHARTS FOR THE OIL AND GAS INDUSTRY SERVICE PERMITS (OGISP)
AUG-21 SEP-21 OCT-21 NOV-21 DEC-21 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 JUL-22 AUG-22 SEP-22 OCT-22 NOV-22
CATEGORY GENERAL 305 308 195 272 276 219 295 353 300 268 267 292 323 258 244 159
MAJOR 1569 1380 1069 1100 1137 1005 1109 1304 1202 913 960 1268 1506 1199 1471 691
SPECIALIZED 875 770 553 754 681 643 680 834 687 533 654 821 929 733 791 425
1.1 Chart showing permit rate per category for the period in review.
2.0 Trends
During the period under review, service providers have been issued more of the following permits to
render these services in the oil and gas industry.
S/N SERVICE CATEGORY NO. ISSUED FROM AUGUST 21 TO NOV. 15, 22
1 Consultancy service Major 3747
2 Equipment/Material Supply Service Major 2869
3 Installation and Maintenance Service Major 2644
4 Maintenance General 2369
5 Major Construction Service Specialized 1858
6 Rehabilitation/Upgrade/Fabrication works Major 1831
7 Haulage Service Major 1690
8 Supply General 1530

2.1 Chart showing eighth of our most performing Permits, from the chart, Consultancy service is the most
performing permit issue by the commission
3. Service by Job specification for our most issued permit (Consultancy Service). This shows the breakdown
of the individual services under consultancy services and their performances.
Job Specification No of Job Spec. 1 No of Job Spec. 2 TOTAL

Engineering Services (0-50,000 man-hours) 458 16 474
Information Technology (Hardware and Software Management) 301 1 302
Insurance Brokerage 373 0 373
Nigerian Manpower Supply (Nigerian Professionals only) 824 1 825
QA/QC Services 351 9 360
Security Services (Security equipment/devices, Pipeline Surveillance, Armed Guards) 235 0 235
Training/Manpower Development (Engineering) 178 0 178
Training/Manpower Development (Basic Safety Training) 200 0 200
OTHERS (23 others) 829
3.1 Chart showing Consultancy service by Job specification

4.0. Three years Comparison of our most performing permits.
MAINTENANCE 2020 2021 2022

SUPPLY 2724 1996 1615
REHABILITATION/UPGRADE/FABRICATION WORKS 2068 1475 1069
EQUIPMENT/MATERIAL SUPPLY SERVICES 1171 1279 1210
CONSULTANCY SERVICES 1695 1897 1949
HAULAGE SERVICES 2500 2513 2504
MAJOR CONSTRUCTION SERVICES 1044 1057 1144
INSTALLATION AND MAINTENANCE SERVICES 1175 1269 1294
OTHERS (23 others) 1527 1735 1796
4.1. Chart showing three years comparison for our most performing OGISP services.

NUPRC: DISCHARGING ITS MANDATE
AS REGULATOR IN THE OIL AND GAS
ENVIRONMENT
- Akpandem James -
S
ince the inception of the Nigerian Upstream the Commission has either completed stakehold-
Petroleum Regulatory Commission (NUPRC), ers’ consultation and awaiting review by the Federal
attention has been focused on developing the Ministry of Justice or another look by the Technical
necessary regulations aimed at giving meaning Strategy Business Units (SBUs). Equally, six proposals
to the intent and letters of the Petroleum Industry were reviewed in the Phase Two regulations with only
Act (PIA, 2021). To ensure fairness, equity, and, justice, the Acreage Management (Drilling & Production)
the Act made provisions under Section 216 for the Regulation and the Nigeria Frontier Exploration Fund
involvement of stakeholders in the review of proposals Administration Regulation still undergoing review by
before finalization of the regulations. It also gave the the Technical SBUs.
Commission the leverage to ensure the effective oper- The rest of the regulations under the Phase Two
ationalization of the petroleum upstream sector. stream, comprising the Upstream Decommissioning
In compliance with the specific provisions of the Act, and Abandonment Regulation, Unitization Regulation,
the Commission held various Stakeholders’ consul- Nigeria Upstream Petroleum Environmental Regulation,
tative meeting before finalizing the regulations. The and the Nigeria Upstream Petroleum Safety Regulation
Commission kicked off with the (6) priority regula- have all undergone stakeholders’ consultation and are
tions, which formed the first phase. These are: Nigeria awaiting review by the Federal Ministry of Justice.
Upstream Host Communities Development Regulation The Third Phase which is largely focused on
(2022), Nigeria Royalty Regulation (2022), Conversion marketing operations and related matters have four
and Renewal Regulation (2022), Nigeria Domestic regulations already drafted by consultants and ready
Gas Delivery Obligations Regulation (2022), Nigeria for stakeholders’ consultation; while one, the Flare
Petroleum Licensing Round Regulation (2022) and Gas (Prevention and Waste)(Amendment) Regulation,
Nigeria Upstream Fees and Rents Regulation, which are has undergone necessary amendment and is ready for
already gazetted and the Nigeria Upstream Fees and consultation and input of stakeholders. Those newly
Rents Regulation (2022), which is awaiting Ministerial drafted and ready for consultation are: Domestic Crude
approval in line with section 3(1) (j) of the PIA. Oil Supply Obligation Regulation, Upstream Petroleum
It is noteworthy that the Phase One regulations Measurement Regulations, Advance Cargo Declaration
focused largely on stakeholders’ interest because the Regulations and Significant Discovery Regulation.
Act recognises the immense importance of host com- It is noteworthy that aside from the specific reg-
munities, which is why it dedicated the entire Chapter ulatory mandates, the Act vests in the Commission
Three to the matter. The aim, principally, is to foster sweeping powers to act as an investigator, quasi-judi-
sustainable shared prosperity and provide direct social cial, a mediator, a conciliator and a business enabler. The
and economic benefits from petroleum operations to whole intent is to ensure that the Commission is fully
host communities while enhancing peaceful and har- equipped statutorily to discharge on its mandates. The
monious coexistence between the operators and host Commission has therefore been effectively deploying its
communities in the process. statutory powers within the PIA environment to ensure
After concluding the first phase, the Commission an effective and predictable regulatory environment in
focused on engaging operators on the review of field the sector.
development plans, identifying declining and shut-in
wells aimed at enhancing oil and gas production opti-
mization, gas flare elimination and monetization. This
phase of regulations focused on the operations and Please see the list and status of Regulations in the
production aspects of the industry. In this direction, three phases on page 24

Post-PIA Regulations Developed from August 2021 to date
A. PHASE ONE (1) REGULATIONS

1. Nigeria Upstream Petroleum Host Communities Development Regulation 2022
(Gazetted)
2. Conversion and Renewal (Licences and Lease) Regulations 2022 (Gazetted)
3. Nigeria Royalty Regulation 2022 (Gazetted)
4. Nigeria Domestic Gas Delivery Obligations Regulation 2022 (Gazetted)
5. Nigeria Petroleum Licensing Round Regulations 2022 (Gazetted)
6. Nigeria Upstream Fees and Rent Regulations (Ready for Ministerial approval in
line with the section 3(I)(j) of the PIA
B. PHASE TWO (2) REGULATIONS

1. Upstream Decommissioning and Abandonment Regulation (Stakeholders
consultation completed awaiting review by Federal Ministry of Justice)
2. Unitization Regulations (Stakeholders consultation completed awaiting review
by Federal Ministry of Justice)
3. Acreage Management (Drilling & Production) Regulation (Stakeholders
consultation completed, review is ongoing by Technical SBU’s)
4. Nigeria Frontier Exploration Fund Administration Regulation (Stakeholders
consultation completed, review is ongoing by Technical SBU’s)
5. Nigeria Upstream Petroleum Environmental Regulation (Stakeholders
consultation completed awaiting review by Federal Ministry of Justice)
6. Nigeria Upstream Petroleum Safety Regulation (Stakeholders consultation
completed awaiting review by Federal Ministry of Justice)
C. PHASE THREE (3) REGULATIONS

1. Domestic Crude Oil Supply Obligation Regulation (Drafted and reviewed in house
and ready for stakeholders consultation)
2. Upstream Petroleum Measurement Regulations (Drafted by consultant and
ready for Stakeholders consultation)
3. Advance Cargo Declaration Regulations (Drafted by consultants and ready for
Stakeholders consultation)
4. Significant Discovery Regulations (Drafted by consultants and ready for
Stakeholders consultation)
5. Flare Gas (Prevention and Waste) (Amendment) Regulations (Amendment made,
ready for Stakeholders Consultation)

4. HEALTH SAFETY ENVIRONMENT & COMMUNITIES
STATUS OF ACCREDITED LABORATORIES AND SAFETY TRAINING

CENTRES OPERATING IN THE UPSTREAM SECTOR OF THE OIL AND
GAS INDUSTRY
1. Laboratory
S/n Location Number
1. Lagos 19
2. Port Harcourt 44
Status of Accredited Laboratories and Safety 3.
Training
Warri Centres Operating
11
4. Abuja
in The Upstream Sector of The Oil and Gas Industry 2
Total 75
1. Laboratory
S/N LOCATION NUMBER Number of Commission's Accredited Laboratories Per Location

1. Lagos 19
2. Port Harcourt 44
3. Warri 11
4. Abuja 2
Total 75
S/N TYPES OF SERVICES NUMBER
1. Environmental Quality Monitoring 52

2. Biomonitoring and Biodegradability 31
S/N TYPES OF SERVICES NUMBER
3. Material
Number Safety Investigation
of Commission's Accredited Services 4
1 Environmental Quality Monitoring 52 4. Geological Studies 11
2 Biomonitoring and Biodegradability 31 5. Chemical/Mud Testing 4
6. Monitoring and Sample Preservation 1
3 Material Safety Investigation 4 7. biostratigraphy 3
4 Geological Studies 11 8. Crude Oil Assay 8
Total 114
5 Chemical/Mud Testing 4
6 Monitoring and Sample Preservation 1 15
7 biostratigraphy 3
8 Crude Oil Assay 8
Total 114
2. Safety Training Centre
Number of Accredited
S/n Location Facilities
1. Rivers 7
2. Lagos 1
2. Safety Training Centre 3. Delta 2
Number
4. of
Ogun Accredited Safety & Emergency
1 Training Centres
S/N LOCATION NUMBER OF ACCREDITED FACILITIES Total 11
1 Rivers 7
2 Lagos 1
3 Delta 2
4 Ogun 1
Total 11
16

AVERAGE DAILY GAS AVERAGE DAILY GAS
PRODUCTION ON TERRAIN PRODUCTION ON CONTRACT
BASIS BASIS
TERRAIN/ LAND SWAMP SHALLOW DEEP CONTRACT JV PSC SR MF

MONTH OFFSHORE OFFSHORE TYPE/MONTH
Jan-21 3,567 1,060 1,601 1,407 Jan-21 5,207 1,600 580 248
Feb-21 3,562 1,044 1,976 1,425 Feb-21 5,512 1,631 639 225
Mar-21 3,517 746 1,858 1,473 Mar-21 5,038 1,678 647 231
Apr-21 3,483 588 1,866 1,510 Apr-21 4,913 1,710 599 225
May-21 3,547 614 2,051 1,330 May-21 5,115 1,558 622 247
Jun-21 3,488 931 1,936 1,461 Jun-21 5,354 1,691 540 230
Jul-21 3,510 821 1,990 1,477 Jul-21 5,290 1,705 596 207
Aug-21 3,343 874 2,006 1,518 Aug-21 5,271 1,744 545 181
Sep-21 3,154 788 1,928 1,524 Sep-21 4,882 1,744 571 196
Oct-21 2,691 837 1,853 1,365 Oct-21 4,367 1,591 578 210
Nov-21 3,304 802 1,642 1,433 Nov-21 4,646 1,655 605 274
Dec-21 3,382 862 1,607 1,514 Dec-21 4,836 1,734 546 248
Jan-22 3,211 1,081 1,913 1,619 Jan-22 5,118 1,834 611 260
Feb-22 3,289 1,029 1,884 1,531 Feb-22 5,138 1,745 601 250
Mar-22 2,819 775 1,983 1,535 Mar-22 4,571 1,753 603 184
Apr-22 2,812 826 1,941 1,598 Apr-22 4,570 1,806 584 218
May-22 2,623 848 1,572 1,561 May-22 4,053 1,762 562 228
Jun-22 2,767 871 1,783 1,691 Jun-22 4,387 1,913 559 253
Jul-22 2,561 835 2,083 1,608 Jul-22 4,491 1,824 496 277
Aug-22 2,003 748 2,001 1,452 Aug-22 3,850 1,672 444 236
Sep-22 2,219 723 2,077 1,489 Sep-22 4,173 1,700 399 238
Average Daily Gas Production on Terrain Basis Average Daily Gas Production on Contract Basis
Land Swamp Shallow Offshore Deep Offshore JV PSC SR MF
(AVE. DAILY PROD (MMSCF/D)
AVE. DAILY PROD (MMSCF/D)
MONTHS MONTHS

LITERATURE ON NEW TECHNOLOGIES
AND IMPACT ON THE INDUSTRY
S/N TECHNOLOGY DESCRIPTION IMPACT

1 Turbo Tray Technology Turbo Trays are new patented TEG column internals that can improve Potentially offer a 30-50% CAPEX reduction on gas production for
the performance of existing and new gas production plants. greenfield projects.
2 WATER CUT Analyser The water cut meter, is a second-generation oil/water analyzer. It Can measure the volumetric water concentration better than2% accu-
consists of a microwave transmitter broadcasting at over 2 GHz and racy over the full range of 0-100%, in oil or water continuous phase.
a receiver. The percent water is established by measuring the bulk Provides for continous water cut measurement thereby improving
electrical properties of the fluid. accuracy.
3 Well Intervention The technology is a low cost, rigless, one-trip well intervention solution Boost production by averting unexpected shutdowns and reduces
Solution- M3 Bismuth Alloy that helps restores well integrity and optimizes production. it utilizes downtime and environmental risk.
Technology the Bismuth alloy as a sealant.
4 Single Trip Completion A well completion technology that executes upper and lower comple- Significant reduction in CAPEX
technolo-gy tion on a single run
5 Remote well Monitoring Remote Well Monitoring Optimum Production surveillance
Tech-nolgy
6 Technip FMC Subsea 2.0 Subsea 2.0 is a product platform made up of six core subsea product Improves project economics thereby reducing CAPEX and OPEX
Compact Xmas tree i.e. compact tree, compact manifold, flexible jumpers, distribution,
controls, and horizontal connectors.
7 3D Laser Scanner A Laser technology for collecting detailed and high accuracy 3D data Can generate P&I.D (as built) on existing facility and can be used
on facilities. Ideal tool for generating As-Bulit P&ID, and Isometric for Job planning, remote measurement, ground level othorgraphic
drawings. photography and many more.
8 Predictive Maintenance End to End Predictive Maintenance Solution Detection Anomaly, Fault characterization and mean time to failure
Solution calculation that enhances facility integrity and minimises OPEX.
9 Pipeline Leak Detection The technology offers leak detection on pipelines using both pressure Easier and cheaper way to continuously monitor vandalism of pipeline
System (LDS) differential and material balance. Has high accuracy impact and prevent loss of containment
10 Multiphase Pump Subsea/surface production systems require the transportation of a Multiphase pumps can substantially reduce the flowing wellhead
Technology multiphase mixture of oil, water and gas for many kilometers from the pressure by adding incremental head to the raw well stream to
producing well to a distant processing facility. Industry and regulators overcome the backpressure from downstream pipelines and facilities.
are increasingly becoming aware that, while reducing up-front capital The net effect is to directly reduce the backpressure on the producing
outlays, long, multiphase flowlines add additional backpressure, formation leading to CAPEX and OPEX saving.
reducing flow rates and ultimate recoveries.
11 SLUDGE PROFILER OF CRUDE Uses sonar technology to scan the sludge in the base of the tank and Used to determine the quantity of Sludge in a tank any point in time,
OIL TANK TECHNOLOGY produce a complete contour model of the sludge/oil interface helps to assess loss of storage space due to the build up of sludge
thereby giving a wrong capacity content of the crude oil tank to save
money spent for tank cleaning due to lack of knowledge of the actual
sludge volume and appropriate time for intervention. Turn Around
Maintenance optimization thereby reducing OPEX
12 Multiphase flow Meter The MPM meter is a high-performance measuring device which Multiphase flow meters allow for continuous flow measurement direct
accurately measures the flow rates of oil, gas and water at upstream from the wellhead, eliminating the need for test separators, thereby
applications. reducing CAPEX and OPEX
13 Single Trip Completion High rig costs drive the need for reduced trips in hole, particularly in Function test all components during installation,, Stimulate and isolate
deepwater environments. . a zone or the whole well and cost saving
14 Low Logistics Autonomous The LLAUV technology is a portable and cost effective solution with Reduced Costs, Reduced Inspection Duration, Reduce Security exposure,
Underwater Vehicle (LLAUV) specialized application area in pipeline and subsea asset monitoring. Flexibility, Portability, Reliability

NATIONAL CRUDE OIL AND CONDENSATE
PRODUCTION (MILLION BARRELS PER DAY)
JOINT PRODUCTION SHARING SERVICE SOLE RISK / MARGINAL TOTAL
VENTURE CONTRACT CONTRACT INDEPENDENT FIELD
Jan-21 0.70 0.69 0.00 0.19 0.06 1.64
Feb-21 0.76 0.65 0.00 0.22 0.05 1.69
Mar-21 0.71 0.69 0.00 0.23 0.05 1.69
Apr-21 0.66 0.69 0.00 0.20 0.05 1.61
May-21 0.64 0.66 0.00 0.22 0.05 1.58
Jun-21 0.65 0.68 0.00 0.17 0.06 1.56
Jul-21 0.62 0.70 0.00 0.20 0.05 1.57
Aug-21 0.61 0.69 0.00 0.11 0.03 1.45
Sep-21 0.60 0.65 0.00 0.16 0.04 1.45
Oct-21 0.63 0.61 0.00 0.19 0.03 1.47
Nov-21 0.56 0.65 0.00 0.20 0.05 1.47
Dec-21 0.53 0.65 0.00 0.18 0.04 1.40
Jan-22 0.65 0.66 0.00 0.23 0.05 1.59
Feb-22 0.59 0.63 0.00 0.17 0.04 1.44
Mar-22 0.58 0.61 0.00 0.17 0.04 1.41
Apr-22 0.57 0.62 0.00 0.18 0.05 1.42
May-22 0.47 0.60 0.00 0.14 0.04 1.25
Jun-22 0.52 0.63 0.00 0.16 0.04 1.35
Jul-22 0.51 0.60 0.00 0.12 0.04 1.27
Aug-22 0.46 0.58 0.00 0.07 0.03 1.14
Sep-22 0.48 0.57 0.00 0.06 0.03 1.14
Crude Oil Production (Million Barrels per day)
1.60 0.05
0.04 0.03 0.05

0.03 0.23 0.04
1.40 0.04 0.04 0.05
0.11
0.16 0.19 0.20 0.04
0.00 0.00 0.17
0.18 0.17 0.18
0.00 0.00 0.04
0.00 0.00 0.04 0.16
1.20 0.00 0.00 0.00 0.12
0.14 0.00
0.00 0.03 0.03
0.00 0.07 0.06
AVERAGE DAILY PRODUCTION (MMBOPD)
0.00 0.00
1.00 0.66
0.69
0.65 0.61
0.65 0.63 0.61 0.62
0.65 0.63
0.60
0.80 0.60 0.57
0.58
0.60
0.40
0.61 0.63 0.65

0.60 0.56 0.59 0.58 0.57
0.53 0.52 0.51
0.47 0.46 0.48
0.20
0.00
Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22
MONTHS
Joint Venture Production Sharing Contract Service Contract Sole Risk / Independent Marginal Field

NATIONAL CRUDE OIL AND CONDENSATE
PRODUCTION (MILLION BARRELS PER DAY)
JOINT PRODUCTION SHARING SERVICE SOLE RISK / MARGINAL TOTAL
VENTURES CONTRACTS CONTRACTS INDEPENDENTS FIELDS
Jan-21 21,772,007 21,395,955 88,602 5,814,581 1,840,885 50,912,030
Feb-21 21,359,680 18,243,534 81,892 6,242,237 1,494,736 47,422,079
Mar-21 22,099,120 21,301,183 70,174 7,140,455 1,658,078 52,269,011
Apr-21 19,919,649 20,791,580 82,994 6,060,508 1,496,221 48,350,952
May-21 19,983,085 20,399,016 86,951 6,790,021 1,645,512 48,904,584
Jun-21 19,509,742 20,376,533 77,888 5,096,082 1,742,341 46,802,586
Jul-21 19,065,911 21,702,664 74,012 6,263,967 1,456,865 48,563,419
Aug-21 19,003,077 21,444,342 86,129 3,397,496 906,431 44,837,475
Sep-21 18,005,767 19,561,232 82,397 4,770,921 1,191,712 43,612,030
Oct-21 19,586,818 19,001,348 82,506 5,776,662 1,036,181 45,483,515
Nov-21 16,941,696 19,602,516 77,060 6,108,294 1,465,342 44,194,908
Dec-21 16,352,506 20,194,918 88,283 5,538,823 1,165,366 43,339,896
Jan-22 20,013,767 20,608,526 86,562 7,159,239 1,564,130 49,432,225
Feb-22 16,630,079 17,582,206 64,231 4,742,421 1,245,124 40,264,061
Mar-22 18,123,618 18,946,639 64,888 5,205,555 1,369,298 43,709,998
Apr-22 17,040,264 18,609,058 73,666 5,330,349 1,621,075 42,674,412
May-22 14,721,392 18,535,131 74,753 4,348,405 1,152,059 38,831,739
Jun-22 15,665,016 18,849,268 64,236 4,705,610 1,195,355 40,479,485
Jul-22 15,740,437 18,670,859 49,879 3,713,477 1,203,105 39,377,758
Aug-22 14,339,494 17,983,179 39,420 2,045,783 860,701 35,268,577
Sep-22 14,343,243 17,173,350 24,055 1,743,156 865,829 34,149,633

NATIONAL CRUDE OIL & CONDENSATE (BARRELS)
OFFSHORE SWAMP LAND DOP TOTAL
Jan-21 18,468,083 5,612,781 8,097,654 18,733,511 50,912,030
Feb-21 17,202,121 5,228,032 7,542,571 17,449,355 47,422,079
Mar-21 18,960,321 5,762,381 8,313,485 19,232,824 52,269,011
Apr-21 17,539,065 5,330,436 7,690,310 17,791,141 48,350,952
May-21 17,739,892 5,391,471 7,778,366 17,994,855 48,904,584
Jun-21 16,977,403 5,159,737 7,444,039 17,221,407 46,802,586
Jul-21 17,616,136 5,353,859 7,724,103 17,869,320 48,563,419
Aug-21 16,264,569 4,943,094 7,131,485 16,498,328 44,837,475
Sep-21 15,820,045 4,807,995 6,936,575 16,047,415 43,612,030
Oct-21 16,498,917 5,014,316 7,234,239 16,736,044 45,483,515
Nov-21 16,031,481 4,872,254 7,029,283 16,261,890 44,194,908
Dec-21 15,721,330 4,777,993 6,893,292 15,947,281 43,339,896
Jan-22 17,931,291 5,449,640 7,862,288 18,189,005 49,432,225
Feb-22 14,605,586 4,438,899 6,404,075 14,815,501 40,264,061
Mar-22 15,855,582 4,818,795 6,952,157 16,083,463 43,709,998
Apr-22 15,479,929 4,704,627 6,787,446 15,702,410 42,674,412
May-22 14,086,018 4,280,993 6,176,261 14,288,467 38,831,739
Jun-22 14,683,730 4,462,648 6,438,338 14,894,769 40,479,485
Jul-22 14,284,084 4,341,189 6,263,106 14,489,379 39,377,758
Aug-22 12,793,499 3,888,173 5,609,534 12,977,371 35,268,577
Sep-22 12,387,608 3,764,816 5,431,563 12,565,646 34,149,633
Crude Oil & Condensate Production By Terrain (Million Barrels Per Day)
1.80
1.60
1.40 0.62 0.62

0.60
0.59 0.59
0.58 0.57 0.58
AVERAGE DAILY PRODUCTION (MMBOPD)
1.20 0.53 0.54 0.54

0.53 0.53
0.52 0.52
0.51
0.50
0.46 0.47
1.00
0.27 0.27 0.42 0.42
0.26 0.26 0.25 0.25 0.25
0.25
0.80 0.23 0.23 0.23 0.23
0.23 0.22 0.23
0.22
0.21
0.19 0.19 0.20 0.20
0.18 0.18 0.17 0.17 0.17 0.18
0.16 0.16 0.18 0.18
0.60 0.16 0.16 0.16 0.16 0.16
0.15
0.15
0.14 0.14
0.13 0.13
0.40
0.60 0.61 0.61 0.58 0.58

0.57 0.57 0.57
0.52 0.53 0.53 0.53 0.51 0.52 0.51 0.52
0.45 0.49 0.46
0.20 0.41 0.41
0.00
Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22
MONTHS
OFFSHORE SWAMP LAND DOP

NATIONAL CRUDE OIL & CONDENSATE (MILLION BARRELS PER DAY)
OFFSHORE SWAMP LAND DOP TOTAL
Jan-21 0.60 0.18 0.26 0.60 1.64
Feb-21 0.61 0.19 0.27 0.62 1.69
Mar-21 0.61 0.19 0.27 0.62 1.69
Apr-21 0.58 0.18 0.26 0.59 1.61
May-21 0.57 0.17 0.25 0.58 1.58
Jun-21 0.57 0.17 0.25 0.57 1.56
Jul-21 0.57 0.17 0.25 0.58 1.57
Aug-21 0.52 0.16 0.23 0.53 1.45
Sep-21 0.53 0.16 0.23 0.53 1.45
Oct-21 0.53 0.16 0.23 0.54 1.47
Nov-21 0.53 0.16 0.23 0.54 1.47
Dec-21 0.51 0.15 0.22 0.51 1.40
Jan-22 0.58 0.18 0.25 0.59 1.59
Feb-22 0.52 0.16 0.23 0.53 1.44
Mar-22 0.51 0.16 0.22 0.52 1.41
Apr-22 0.52 0.16 0.23 0.52 1.42
May-22 0.45 0.14 0.20 0.46 1.25
Jun-22 0.49 0.15 0.21 0.50 1.35
Jul-22 0.46 0.14 0.20 0.47 1.27
Aug-22 0.41 0.13 0.18 0.42 1.14
Sep-22 0.41 0.13 0.18 0.42 1.14

ALLOCATED PETROLEUM PROSPECTING LICENCES (PPL) TO MARGINAL FIELD AWARDEES
VOL.2 2022
PREVIOUS OML FIELD AWARDEE EQUITY PARTICIPATION PPL "SIZE (SQ.KM)" SPV
22 Emohua EREBIINA ENERGY RESOURCES LIMITED 60.13 PPL 201 12.784 -
OMEGA BUTLER NIGERIA LIMITED 23.42
INTESSA ENERGY LIMITED 16.45
23 Egbolom PETROGAS ENERGY TRADE W.A LIMITED 34.97 PPL 202 40.923 Ingentia Energies Limited
SUNTRUST OIL COMPANY NIGERIA LIMITED 35.82

SOMORA GTP LIMITED 10.56
MOORE OIL EXPLORATION AND PRODUCTION NIG LTD 9.41
GENESIS HYDROCARBONS LIMITED 9.24

25 Olua ARDOVA PLC 9.24 PPL 203 29.856 Ardogreen Energy Ltd
PETRODEV OIL AND GAS LTD 9.24

29 Okiori ZIGMA LIMITED 100 PPL 204 15.377
29 Kugbo West 7 WAVES PETROLEUM LTD 100 PPL 205 35.825 7 Waves Petroleum Ltd
30 Okpolo TERRA ENERGY RESOURCES & PROD. LTD 89.84 PPL 206 18.765 African Eagle International
Resources Ltd
MAINLAND OIL & GAS CO. LTD 10.16
33 Igbomotoru AIDA ENERGY LTD 25.76 PPL 207 61.48 BAP Energy Ltd
MILESQUARE PETROLEUM RESOURCES LTD 53.48
BIMAZ OIL & GAS LTD 20.76
33 Igbomotoru N EYRIE ENERGY LTD 100 PPL 208 46.112 Eyrie Energy Ltd
40 Abiala NAPHTA GLOBAL E & P LIMITED 100 PPL 209 30.631 Naphtha Global E&P Limited
40 Ugbo ENERGIA LTD 67.46 PPL 210 23.823 Enerog Ltd
STELOG E&P LTD 32.54

42 Atamba MATRIX ENERGY LTD 72.7 PPL 211 21.288 Atamba Exploration and Prod. Ltd
U P S T R E A M GA Z E M AGA Z I N E
BONO ENERGY LTD 27.3
42 Ogbanabou KALM MARINE & PETROLEUM SERVICES LTD 100 PPL 213 49.412 Kalm Marine & Petroleum Services
Ltd
33
34
43 Benin Estuary SEISTECH ENERGY LTD 40.02 PPL 214 19.573 SRS Exploration & Production Ltd
SUBLIME EXPLORATION & PROD. COMPANY LTD 29.84
ROSA MYSTICA ENERGY LTD 30.14
46 Korolei MAX UPSTREAM LTD 76.61 PPL 215 12.788 Korolei Energy Ltd
WATLNE SYSTEMS LTD 23.29
46 Osuopele BRIDGSITE NIGERIA LTD 61.10% PPL 216 17.053 Braxtem Energy Ltd
S/W
TEMPO ENERGY NIGERIA LTD 20.26%
AEONX SOLUTIONS LTD 18.28%
49 Bime DEEP-OFFSHORE INTEGRATED SERVICES LTD 54.22 PPL 217 38.298 Bime Exploration & Production Ltd
VIRGIN FOREST EXPLORATION AND PRODUCTION LTD 45.78
49 Olure MULTIPLAN NIGERIA LTD 70 PPL 218 90.98 Multisub Energy Ltd
SUBSAHARAN ATLANTIC ENERGY LTD 30
49 Omofejo NUWAY OAKLANE LIMITED 100 PPL 219 11.916 Nuway Oaklane Limited
49 Kuri SHEPHERDHILL PETROLEUM DEVELOPMENT LTD 54.98 PPL 222 77.468 SHN Energy Ltd
NORD OIL APS & ENERGY SERVICES LTD 45.02
49 Gwato ELEVA LIMITED 51.86 PPL 223 36.581
53 Alaoma HILLTOP GLOBAL OIL AND GAS SOLUTIONS INT'L LTD 100 PPL 224 34.062 Hilltop Global Oil And Gas Solutions
Int'l Ltd
53 Apani BLUEFIN ENERGY LTD 100 PPL 225 72.4 Apani Energy Ltd
53 Iheoma PRIME SOURCES LIMITED 20.37 PPL 226 122.586 Iheoma Energies Limited
NEPAL OIL AND GAS SERVICES 4.02
JOVIS PROJECT LIMITED 1.77
62 Odimodi OPEN 100 PPL 227 53.677
63 Ajaketon SIGMUND OIL FIELD LTD 90.00 PPL 228 15.356 Sigmund SPV Ltd
BILISCO MULTIFACET LTD 10.00
67 Ede NORTHWEST PETROLEUM & GAS COMPANY LTD 69.6 PPL 229 61.332 Ede Exploration and Production Ltd
GENESIS TECHNICAL COMPANY LIMITED 17.89
VOL.2 2022
67 Edi METROPOLE PETROLEUM & GAS LIMITED 27.67 PPL 230 51.12 Edi Exploration and Production Ltd
VOL.2 2022
YYCONNECT CONSULTING LTD 7.32
67 Ekpat DUPORT MIDSTREAM COMPANY LTD 42.89 PPL 231 13.628 Ekpat JV Operations Ltd
67 Amaniba KIZI OIL AND GAS SERVICES LIMITED” 74.54 PPL 232 36.624 -
TWIN SUMMIT RESOURCES LIMITED 5.12
67 Ndibe FOLSTAJ INTERNATIONAL LTD 100 PPL 233 17.885 Folstaj International Ltd
70 Ekepkep HARARA ENERGY LIMITED 100 PPL 234 10.23 Harara Energy Ltd
70 Ibom EMADEB ENERGY SERVICES LIMITED 100 PPL 236 23.865 Ibom Upstream Company Limited
70 Udibe DUTCHESS ENERGY LTD 51.92 PPL 237 40.91 Dutchford Exploration & Production
Ltd
FORDSHIRE PETROLEUM EXPLORATION AND PRODUCTION COMPANY 48.08
70 Nkuku ARIES PETROCO RESOURCES LTD 29.61 PPL 238 5.114 NK 70 Development Ltd
VHELBERG EXPL & PROD. DEV. COMPANY LTD 17.58
PATH-WAY UNIVERSAL INVESTMENT LTD 15.93
GRENDE OIL AND GAS LTD 15.90
NIPCO E&P LTD 10.83
AMG EXPL & PROD. COMPANY LTD 10.15
89 Obira MMB PETROLEUM & CHEMICAL COMPANY 100 PPL 239 35.756 MMB Petroleum & Chemical
Company Ltd
89 Kudo TRANSIT OIL NIGERIA LTD 100 PPL 240 24.697 Transit Oil Nigeria Ltd
90 Kaka TORXEN ENERGY RESOURCES LTD 100 PPL 241 64.693 Torxen Energy Resources Ltd
90 Mesan ACCORD PETROLEUM EXPLORATION AND DEVELOPMENT LTD 57.61 PPL 242 41.733 Mesan Energy Ltd
NORTON ENGINEERING LTD 42.39
95 Oloye A.A. RANO NIGERIA LTD 55.00 PPL 245 23.823 Rano-Accrete Petroleum
Development Ltd
ACRETE PETROLEUM LTD 45.00
95 Ruta INLAND BASINS LTD 22.2 PPL 246 50.18 Ruta Exploration And Production
Company Ltd
FACEATO PETROLEUM DEVELOPMENT COMPANY LTD 15.055
MARS EXPLORATION AND PRODUCTION COMPANY LTD 15.96
OCEAN EXPLORATION AND PETROLEUM DEVELOPMENT LTD 15.92
OMSA INTEGRATED SERVICES LTD 15.81
VHELBERG INTERNATIONAL LIMITED 15.055
35
36
95 Bita PIONEER GLOBAL RESOURCE & INTEGRATED ENERGY LTD 51.24 PPL 249 53.579 Bita Exploration And Production Ltd
ODU’A INVESTMENT COMPANY LTD 48.76

95 Meta WADATA GROUP LTD 31.55 PPL 251 23.819 AMW Petroleum Development
Company Ltd
MARS EXPL. & PROD. COMPANY LTD 33.61
AKATA ENERGY LTD 34.84
100 Usoro MMB PETROLEUM AND CHEMICAL COMPANY LIMITED 41.5 PPL 252 13.637 Bluewave Exploration And
Production Ltd
BUA INDUSTRIES LTD 34.94
OCEANGATE ENGINEERING OIL & GAS LTD 23.56
100 Ikong CASIVA LTD 60.22 PPL 253 3.41 -
VHELBERG INTERNATIONAL LIMITED 24.41
CASCADE PETROLEUM NIGERIA LTD 15.37
100 Ibiom PETRACO OIL NIGERIA LIMITED 42.71 PPL 254 46.016 -
JOHNSCREEK OIL & GAS LIMITED 29.23

FIRST MAINLAND ENERGY RESOURCES LIMITED 28.06
102 Akamba/ NET-WORK OIL & GAS LIMITED 58.7 PPL 255 32.384 -
Mfoniso
SHAFA PETROLEUM AND EXPLORATION 41.3
102 Asasa West SUBDRILL SERVICES LIMITED 93.29 PPL 256 8.522 Subamad Energies Limited
AMALAIA LIMITED 5.05

DEEP-OFFSHORE INTEGRATED SERVICES LTD 1.66
ISLAND ENERGY CONSORTIUM 27.17 PPL 257 46.901 -
104 Utine NUWAY OAKLANE LIMITED 24.77
CARNATION ENERGY LIMITED 23.17
46 Atala HALKIN EXPLORATION AND PRODUCTION LIMITED 100 PPL 258 34.5 -
54 Dawes Island PETRALON 54 LIMITED 100 PPL 259 -
VOL.2 2022
38
STATUS OF OIL PROSPECTING LICENCES (OPLs)
S/N NAME OF COMPANY CONCESSION CONTRACT AREA (SQ. EQUITY DISTRIBUTION GEOLOGICAL LOCATION/ DATE OF GRANT DATE OF LEASE COMMENTS
HELD TYPE KM) TERRAIN EXPIRATION
1 NNPC/AITEO EASTERN E&P OML 29 JVC 931 AITEO-45%, NNPC-55% Niger Delta (Onshore) 17.10.2018 16.10.2038
CO. LTD (AITEO)
2 AMNI INTERNATIONAL OML 112 SR 438 AMNI-60%, ELF-40% Niger Delta (Cont. Shelf) 17.09.2017 16.09.2037
PETROLEUM LTD
OML 117 SR 51 AMNI-60%, Total E&P-40% Niger Delta (Onshore) 17.09.2017 16.09.2037
3 NNPC/AMNI INT'L PETR. OML 52 JVC 247 AMNI-40%, NNPC-60% Niger Delta (Onshore) 14.06.1997 13.06.2027
DEV. CO. LTD OML 52 (AMNI
OML 52)
4 AMALGAMATED OIL CO. NIG.. OML 156 SR 536 AMALGAMATED -100% Niger Delta (Onshore) 25.03.2019 24.03.2039
5 ATLAS PETROLEUM NIG. LTD OML 109 SR 772 ATLAS-70%,SUMMIT OIL-30% Niger Delta (Cont. Shelf) 25.04.2017 24.04.2037
6 NNPC/BELEMAOIL OML 55 JVC 849 BELEMA-40%, NNPC-60% Niger Delta (Onshore) 14.06.1997 13.06.2027
PRODUCING LTD.
7 NNPC/CHEVRON NIG. LTD. OML 49 JVC 1472 NNPC-60%, CNL-40% Niger Delta (Onshore) 14.06.1997 13.06.2027
OML 51 JVC 145 NNPC-60%, CNL-40% Niger Delta (Onshore) 14.06.1997 13.06.2027
OML 89 JVC 304 NNPC-60%, CNL-40% Niger Delta (Continental Shelf) 18.08.2014 17.08.2034
NNPC/CHEVRON NIG. LTD. OML 86 JVC 540 NNPC-60%, CNL-40% Niger Delta (Continental Shelf) 18.08.2014 17.08.2034
CHEVRON NIG. LTD. OML 132 PSC 803 CHEVRON -55% Lukoil -45% Niger Delta (Deep Offshore) 20.12.2005 19.12.2025
8 OANDO PLC OML 131 PSC 1,204 OANDO-52.5%,EXXON "Niger Delta 24.04.2005 23.04.2025
MOBIL-47.5% (Deep Offshore)"
9 CONOIL PRODUCING LTD OML 103 SR 914 CONOIL -100% Niger Delta (Onshore) 20.12.2016 19.12.2036
OML 136 SR 1,294 CONOIL-60%,TOTAL-40% Niger Delta (Continental Shelf) 27.07.2006 26.07. 2026
OML 153 PSC 531 CONOIL -100% Niger Delta (Continental Shelf) 15.02.2018 14.02.2038
10 CONTINENTAL OIL & GAS OML 59 SR 835 CONOIL -100% Niger Delta Onshore 06.06.1998 05.06.2028
COMPANY LTD. (CONOG)
OML 150 PSC 428 CONOIL -100% Niger Delta Onshore 10.03.2016 09.03.2036
VOL.2 2022
11 DAMAS PETROCHEMICALS & OML 110 SR 966 DAMAS -100% Niger Delta (Continental Shelf) 5.02.2021 04.02.2041 "1. Lease was revoked
VOL.2 2022
REFINERY in 2019 from Cavendish
Pet. Nig.
2. Award is yet to be
concluded"
12 DUBRI OIL CO. (NIG.) LIMITED OML 96 SR 226 DUBRI - 100% Niger Delta (Onshore) 02.05.2013 01.05.2033
13 TOTAL EXP & PROD.NIG. LTD. OML 138 PSC 906 ESSO-30%,CNL-30%, "Niger Delta 17.05.2007 16.05.2027
TOTALENERGIES- (Deep Offshore)"
20%NEXEN-20%
OML 139 PSC 904 TOTAL-100% "Niger Delta 17.05.2007 16.05.2027
(Deep Offshore)"
NNPC/TOTAL EXP & PROD. OML 99 JVC 342.8927 NNPC-60%, TOTAL-40% Niger Delta (Continental Shelf) 02.05.2013 01.05.2033
NIG. LTD.
OML 100 JVC 285 NNPC-60%, TOTAL-40% Niger Delta (Continental Shelf) 02.05.2013 01.05.2033
OML 102 JVC 755 NNPC-60%, TOTAL-40% Niger Delta (Continental Shelf) 02.05.2013 01.05.2033
OML 58 JVC 518 NNPC-60%, TOTAL-40% Niger Delta (Onshore) 14.06.2007 13.06.2027
14 EMERALD ENERGY RES. LTD OML 141 SR 1295 EMERALD-53.9%, AMNI Niger Delta (Onshore) 08.11.2007 07.08.2027
INTNL-44.1%, SUPERNOVA
ENERGY(BLUEWATER
GROUP)-2%
15 ENAGEED RESOURCES LTD. OML 148 PSC 870 ENAGEED -100% Niger Delta (Onshore) 15.05.2015 14.05.2035
16 NNPC/EROTON E&P CO. OML 18 JVC 1,035 "NNPC-55%, EROTON -27%, Niger Delta (Onshore) 22.10.2018 21.10.2038
(EROTON) SAHARA FIELDS -16.2 , BILTON
-1.8 %"
17 ESSO E & P. LTD OML 133 PSC 1,102 EXXON - 56.25%, "Niger Delta 08.02.2006 07.02.2026
SNEPCO-43.75% (Deep Offshore)"
OML 145 PSC 1293 ESSO 21.0526%, SVENSKA "Niger Delta 30.05.2014 29.05.2034
-21.0526, OANDO -21.0526%, (Deep Offshore)"
CHEVRON -21.0526%, NPDC
-15.7896%
OML 154 PSC 466 TEPNG -18%, ESSO -27%, "Niger Delta 28.06.2018 27.06.2038
CHEVRON -27%, NEXEN -18%, (Deep Offshore)"
NPDC 10%
18 NNPC/FIRST E&P OML 83 JVC 125 FIRST E&P/DANGOTE-45%, Niger Delta (Continental Shelf) 18.08.2014 17.08.2034
NNPC-55%
OML 85 JVC 521 FIRST E&P/DANGOTE-45%, Niger Delta (Continental Shelf) 18.08.2014 17.08.2034
NNPC-55%
39
40
19 NNPC/WEST AFRICAN E&P OML 71 JVC 116 WAEP/DANGOTE-45%, NNPC- Niger Delta (Continental Shelf) 18.12.2014 17.12.2034
CO. LTD (WAEP) 55%
OML 72 JVC 1,129 WAEP/DANGOTE-45%, NNPC- Niger Delta (Continental Shelf) 18.12.2014 17.12.2034
55%
20 GEC PETROLEUM OML 149 PSC 409 NAOC – 48%, GLOBAL ENERGY Niger Delta (Onshore) 05.02.2015 04.02.2035
DEVELOPMENT COMPANY -42%, BLJ ENERGY Ltd – 10%
LTD (GLOBAL ENERGY)
OML 151 PSC 171 GPDC 51%, NAE 49% Niger Delta (Continental Shelf) 10.03.2016 09.03.2036
21 FAMFA/STAR DEEP WATER OML 127 SR 641 NNPC-50%, CNL- "Niger Delta 25.11.2004 24.11.2024
PETROLEUM LIMITED 32%,FAMFA-10%, (Deep Offshore)"
PETROBRAS-8%
22 MOBIL PRODUCING NIG. OML 104 JVC 294 NNPC-60%, MPN-40 % Niger Delta (Continental Shelf) 10.01.2019 09.01.2039
UNLIMITED
OML 67 JVC 1009 NNPC-60%, MPN-40 % Niger Delta (Continental Shelf) 11.03.2011 10.03.2031
23 MONI PULO LTD. OML 114 SR 298 MONIPULO-60%, LUDAL-40% Niger Delta (Continental Shelf) 08. 04.2019 17.o4.2039
24 NPDC/NEWCROSS E & P OML 24 JVC 161 NEWCROSS E&P-45%, NPDC- Niger Delta (Onshore) 01.07.2009 17.10.2039 55% equity held by
55% NNPC was transferred to
NPDC in 2020
25 NEWCROSS PETROLEUM LTD. OML 152 PSC 990 NEWCROSS -100% Niger Delta (Onshore) 14.03.2017 13.03.2037
26 NIGERIA AGIP EXPLORATION OML 134 PSC 1,131 ENI-85%, OANDO-15% "Niger Delta 31.05.2006 30.05.2026
(NAE) (Deep Offshore)"
OML 125 PSC 1,219 ENI-85%, OANDO-15% "Niger Delta 02.01.2003 01.01.2023
(Deep Offshore)"
27 NNPC/NIGERIA AGIP OIL OML 60 JVC 358 NNPC-60%, NAOC-20%, Niger Delta (Onshore) 14.06.1997 13.06.2027
CO. LTD. OANDO-20%
OML 61 JVC 1,499 NNPC-60%, NAOC-20%, Niger Delta (Onshore) 14.06.1997 13.06.2027
OANDO-20%
OML 62 JVC 1157 NNPC-60%, NAOC-20%, Niger Delta (Onshore) 14.06.1997 13.06.2027
OANDO-20%
OML 63 JVC 2231 NNPC-60%, NAOC-20%, Niger Delta (Onshore) 14.06.1997 13.06.2027
OANDO-20%
28 NNPC/AGIP ENERGY AND OML 116 SC 360 ENI-100% Niger Delta (Continental Shelf) 06.08.1979 05.08.2019
NATURAL RESOURCES
(AENR)
VOL.2 2022
29 KAZTEC ENGINEERING OML 126 PSC 722 KAZTEC/SALVIC -70%, NNPC Niger Delta (Continental Shelf) 23.3.2021 22.03.2041 "1. Blocks were revoked
VOL.2 2022
LTD./SALVIC PETROLEUM -30% from Addax in March,
CONSORTIUM 2021.
2. Award is yet to be
concluded"
OML 137 SR 849 KAZTEC/SALVIC -70%, NNPC Niger Delta (Continental Shelf) 23.3.2021 22.03.2041
-30%
OML 123 PSC 401 KAZTEC/SALVIC -70%, NNPC Niger Delta (Continental Shelf) 23.3.2021 22.03.2041
-30%
OML 124 PSC 300 KAZTEC/SALVIC -70%, NNPC Niger Delta (Onshore) 23.3.2021 22.03.2041
-30%
30 NPDC/ELCREST E&P NIG. OML 40 JVC 443 NPDC-55%, ELCREST-45% Niger Delta (Onshore) 22.10.2018 21.10.2038
LTD.
31 NPDC/NECONDE ENERGY LTD. OML 42 JVC 743 NECONDE-45%, NPDC-55% Niger Delta (Onshore) 22.10.2018 21.10.2038
32 NNPC/FIRST HYDROCARBON OML 26 JVC 481 FIRST HYDROCARBON-45%, Niger Delta (Onshore) 01.07.1989 18.06.2039
NIG. LTD NPDC-55%
33 NNPC/ND WESTERN LTD. OML 34 JVC 953 NPDC-55%, ND WESTERN-45% Niger Delta (Onshore) 28.02.2019 27.02.2039
34 NIGERIA PET. DEV. CO. OML 119 SR 724 NPDC-100% Niger Delta (Continental Shelf) 31.10.2000 30.10.2020
(NPDC)
OML 111 SR 461 NPDC-100% Niger Delta (Onshore) 04.03.2019 03.03.2039
OML 98 SR 523 NPDC -100% Niger Delta (Onshore) 1.08.2019 31.07.2039 Awarded to NPDC
following revocation
from Pan Ocean on
01.08.2019
OML 65 SR 1,012 NPDC-100% Niger Delta (Onshore) 04.03.2019 03.03.2039
OML 13 SR 1,987 NPDC-100% Niger Delta (Onshore) 20.12.2016 19.12.36
OML 11 SR 3,095 NPDC -100% Niger Delta (Onshore) 01.07.2019 31.06.2039 "1. Previously held by
SPDC
2. Block is currently
under litigation"
35 NNPC/SHORELINE NATURAL OML 30 JVC 1079 NPDC-55%, SHORELINE NAT Niger Delta (Onshore) 01.07.89 03.03.2039 "Producing
RESOURCES LTD. RESOURCES-45% Renewed on
-04.03.2019"
41
42
36 OIL AND GAS NIG. LTD. OML 140 SR 1,220 PSA Partner: OIL & GAS -10%, "Niger Delta 18.07.07 17.07.27
STAR ULTRA DEEP -22%, (Deep Offshore)"
LUKOIL -18%; PSC Partner:
NNPC 50%
37 ORIENTAL ENERGY OML 115 SR 230 ORIENTAL-100% Niger Delta (Continental Shelf) 10.05.2019 09.05.2039
RESOURCES LTD
38 ORIENT PETROLEUM OML 155 SR 1,195 ORIENT PETROLEUM-100% Anambra Basin (Onshore) 18.01.2021 17.01.2041
REFINERY LTD
39 PAN OCEAN /ANIOMA OML 147 PSC 271 PANOCEAN -100% Niger Delta (Onshore) 23.10.2014 22.10.2034
40 PEAK PETROLEUM OML 122 SR 1,295 PEAK-(95 OIL/88 GAS),OANDO Niger Delta (Continental Shelf) 17.05.2001 16.05.2021
INDUSTRIES NIG. LTD (5 OIL/12 GAS)
41 NPDC/SEPLAT OML 4 JVC 267 SEPLAT-45%,NPDC-55% Niger Delta (Onshore) 22.10.2018 21.10.2038
OML 38 JVC 2,151 SEPLAT-45%,NPDC-55% Niger Delta (Onshore) 22.10.2018 21.10.2038
OML 41 JVC 291 SEPLAT-45%,NPDC-55% Niger Delta (Onshore) 22.10.2018 21.10.2038
OML 53 JVC 1333 SEPLAT-45%,NPDC-55% Niger Delta (Onshore) 14.06.1997 13.06.2027
42 NNPC/TRANS NIGER OIL & OML 17 JVC 1,301 NNPC-55%, TNOG-45% Niger Delta (Onshore) 18.10.2018 17.10.2038 "1. TNOG Acquired 45%
GAS LTD (TNOG) equity from SPDC/
TEPNG/NAOC in 2020
2. Producing "
43 NNPC/SHELL PETROLEUM OML 20 JVC 405 NNPC-55%, SPDC- Niger Delta (Onshore) 18.10.2018 17.10.2038
DEVELOPMENT COMPANY 30%,ELF-10%, AGIP--5%
(SPDC)
OML 21 JVC 355 NNPC-55%, SPDC- Niger Delta (Onshore) 18.10.2018 17.10.2038
30%,ELF-10%, AGIP--5%
VOL.2 2022
VOL.2 2022
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
OML 35 JVC 1,144 NNPC-55%, SPDC- Niger Delta (Onshore) 18.10.2018 17.10.2038
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%

30%,ELF-10%, AGIP--5%
30%,ELF-10%, AGIP--5%
OML 74 JVC 1,250 NNPC-55%, SPDC- Niger Delta (Continental Shelf) 18.12.2014 17.12.2034
30%,ELF-10%, AGIP--5%
43
44
OML 77 JVC 962 NNPC-55%, SPDC- Niger Delta (Continental Shelf) 18.12.2014 17.12.2034
30%,ELF-10%, AGIP--5%
OML 79 JVC 971 NNPC-55%, SPDC- Niger Delta (Continental Shelf) 18.12.2014 17.12.2034
30%,ELF-10%, AGIP--5%
44 SHELL NIG.EXP & PROD. OML 118 PSC 1,167 SNEPCO-55%, EXXON- "Niger Delta 15.01.2021 14.01.2041 Renewed for another 20
CO. LTD 20%,ENI-12.5%,ELF-12.5% (Deep Offshore)" year tenure effective
15.01.2021
OML 135 PSC 926 SNEPCO-55%, EXXON- "Niger Delta 03.07.2006 02.07.2026
20%,ENI-12.5%,ELF-12.5% (Deep Offshore)"
45 SOUTH ATLANTIC PET. LTD. OML 130 SR 644 NNPC - 50% (CNOOC-90%, "Niger Delta 25.04.2005 24.04.2025
SOUTH ATL.-10%), PRIME 130 (Deep Offshore)"
-16%, TOTAL-24%
46 STATOIL (NIGERIA) LIMITED OML 128 PSC 1,199 STATOIL-53.85%, CNL-46.15% "Niger Delta 28.12.2004 27.12.2024 Statoil is presently
(Deep Offshore)" known as Equinor
OML 129 PSC 1,023 STATOIL-53.85%, CNL- "Niger Delta 28.12.2004 27.12.2024 Statoil is presently
46.15% (Deep Offshore)" known as Equinor
47 SUMMIT OIL OML 142 SR 1295 SUMMIT-30%, Anambra Basin (Onshore) 12.06.2009 11.06.2029
INTERNATIONAL SUNTERA-70%
48 SUNLINK PETROLEUM OML 144 SR 96 SUNLINK-60%, Niger Delta (Continental 02.05.2013 01.05.2033
LIMITED SHELL-40% Shelf)
49 STERLING OIL E&P OML 146 PSC 30 STERLING GLOBAL 51%, Niger Delta (Onshore) 25.10.2014 24.10.2034
PRODUCTION CO. LTD DOMON 24%, KUNOCH
(SEEPCO) 15%, PRIMETIME 10%
OML 143 PSC 369 STERLING GLOBAL 80%, Niger Delta (Onshore) 29.12.2010 28.12.2030
ALLENE 20%
OML 157 PSC 104 STERLING -100% Niger Delta (Onshore) 05.07.2021 04.07.2041 converted from
OPL 2004, effective
05.07.2021
50 YINKA FOLAWIYO PET. OML 113 SR 836 YINKA PET -69, NEW AGE "Benin Basin 23.07.2018 22.07.2038
CO. LTD -12.831, EER-9%, PAN- (Continental Shelf)"
6.502%, ADM ENERGY
-2.6670%
VOL.2 2022
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INFRASTRUCTURE DEFICIT:
BANE OF NIGERIA'S
OIL & GAS INDUSTRY
GROWTH
- Folakemi Famoroti -
T
he discovery of oil in com- only China produces lower. And in
mercial quantity in Oloibiri, recent times, Nigeria has failed to
a town situated in current meet the 1.8 million barrels per day
day Bayelsa State in 1956, production quota assigned to it
marked a paradigm shift in Nigeria’s by OPEC. As a result, at the end of
revenue generation. Since then, August, Angola and Libya overtook
oil has become the mainstay of the West African giant as the top
Nigeria’s economy and the biggest oil-producing countries in Africa.
foreign exchange earner. It is therefor obvious that Nigeria
While many Nigerians may has recurrently failed to maximize
consider the West African country its oil production output over
as oil-rich, when compared with the last sixty years largely due
other oil-producing countries, to factors such as infrastructure
the figures suggest otherwise. deficit and poor maintenance
Nigeria’s oil reserve ranks eighth on of available facilities, ineffective
the Organization of the Petroleum regulation, organized theft and
Exporting Countries (OPEC) chart militancy among other things.
for 2021. Not until 2021 did the Nigerian
Also, Nigeria is one of the least government address the regulatory
prolific oil-producing countries challenge through the passage of
in the world. At the end of 2021, the Petroleum Industry Act (PIA)
Nigeria slipped to 15th in the oil that is aimed at reforming the oil
production table, consistently and gas sector and repositioning
failing to boost its output and it for investments and growth.
breaking into top-10 oil producers. However, infrastructure deficit
When compared with the top-20 remains a severe challenge under-
oil-producing countries, Nigeria mining the potential of the sector.
has the 19th lowest production This needs urgent attention.
per capita; the country produces No situation paints a better
less than a barrel per 100 people, picture of Nigeria’s critical dearth

COVER STORY
of infrastructure than the fact that PIA took too long to come and we
four of Nigeria’s hitherto functional cannot overstate the enormity
refineries have gone moribund of the task before the NUPRC to
despite huge allocations to revive rebuild investors’ faith.
them. As a result, Nigeria spends It is worthy of note that the
heavily importing refined fuel at THE CUMULATIVE commission has initiated moves
the expense of other projects that towards the reactivation of
could have otherwise boosted our
UNDERINVESTMENT 3,000 shut-in strings with huge
overall infrastructural facility. IN THE OIL AND GAS potential to boost oil production
Ideally, developing countries in the short term. In the same vein,
ought to commit at least 5
SECTOR HAS RESULTED the company through consistent
percent of their Gross Domestic IN A SHARP DECLINE engagement with stakeholders has
Product to infrastructural devel- been able to gazette the Nigeria
opment, but that has not been IN NIGERIA’S OIL Upstream Petroleum Regulatory
the case with Nigeria. According PRODUCTION CAPACITY Commission Host Community
to the Infrastructure Concession Development Trust in fulfilment
Regulatory Commission, Nigeria of its Host Community function as
invested only 3 percent of her GDP in infrastructure prescribed by the PIA. This way, the incessant activities
between 2009 and 2013. of non-state actors that have plagued oil production in
Consequently, the cumulative underinvestment in the Niger-Delta region can be delt with.
the oil and gas sector has resulted in a sharp decline Secondly, the Federal Government must demonstrate
in Nigeria’s oil production capacity. This is not further leadership by following through on its commitments
helped by the recurrent incidents of pipeline vandalism, to facilitating infrastructure development through the
oil bunkering and militancy around the insufficient Presidential Infrastructure Development Fund (PIDF).
functional oil and gas assets. The government must continue to support the regu-
It is also noteworthy that the Nigerian Upstream latory commissions as they seek to save the country’s
Petroleum Regulatory Commission (NUPRC), reported oil and gas industry.
that Nigeria lost $3.27 billion to "unknown" oil vandals Lastly, major stakeholders in the oil and gas industry
from January 2021 to February 2022. Also the Group can leverage Nigeria’s membership of the Organization
Chief Executive Officer (GCEO) of the Nigerian National of the Petroleum Exporting Countries, for international
Petroleum Company Limited (NNPCL), Mele Kyari, partnerships and exchange of technical expertise
revealed that a large chunk of oil revenues are lost due geared at improving the country’s infrastructural
to oil bunkering and pipeline vandalism. He explained development and tackling the menace of vandalism
that thieves from all levels of society were stealing and bunkering.
about 400,000 barrels of crude oil
per day.
This does not bode well for the
country's oil-dependent eononmy.
The question then arises, how can
Nigeria revitalize its infrastruc-
ture assets to facilitate increased
output?
First, the NUPRC must continue
to provide quality and innovative
regulation of the upstream sector
in a manner that would boost
investors' confidence enough to
convince to invest more in the
country's onshore, offshore, deep
water and shallow water assets.
Similarly, there has been a dearth
of infrastructural projects from
investors designed to boost the
country’s oil production. In fact, of
the $70bn investments that came
into Africa between 2015 and 2020,
only about 5% made it into Nigeria,
that is a paltry $5bn. Truth is, the

COVER STORY
NIGERIA’S PERENNIAL GAS FLARING

CHALLENGE: HOW PIA WILL ENGINEER
TRANSITION FROM WASTE TO WEALTH
- Kehinde Akinfenwa -
T
he World Bank defines Gas flaring as the
burning of natural gas in connection with the
production of oil. This phenomenon is as old as
time in oil production processing as oil refin-
eries use gas flaring, sometimes referred to as a flare
stack, to lower pressure and manage volatile gas ingre-
ABOUT 144 BILLION CUBIC METRES
dients in their refineries. OF GAS, CAPABLE OF POWERING THE
The World Bank reports that about 144 billion cubic
metres of gas, capable of powering the entirety of
ENTIRETY OF SUB-SAHARAN AFRICA,
Sub-saharan Africa, is wasted yearly through global IS WASTED YEARLY THROUGH GLOBAL
gas flares.
Although gas flares are inevitable, they can be a GAS FLARES
valuable resource when channelled appropriately in

COVER STORY
line with the World Bank's ''Zero in other parts of the sector.
Routine Flaring'', an initiative that In a country like ours where there
aims to end gas flaring nationwide is inadequate supply of electricity
and reduce carbon emissions into in some vicinities, the gas being
the atmosphere. flared can be converted by using
While it has not been the safest, gas-driven turbines and employing
gas flaring has been a common internal combustion to generate
mode of gas disposal in Nigeria electricity for such parts of the
since the 1970s. In 2021, the African country. This would solve one of
oil-producing country alone flared Nigeria’s infrastructure challenges,
6236.85 million cubic metres of gas leading to improved power supply.
and although the government has If excess power is generated
made promises to end gas flaring, through this medium, it could be
it has always missed the deadline. sold to other countries; and that
There is no gainsaying that gas could become another source of
flaring is a significant source of pollution to the envi- revenue for the country.
ronment as it negatively impacts agriculture, the health Unfortunatly, the Moreso, people have resorted to
of individuals and contributes to climate change. using less expensive but unhealthy substitutes like
Gas particle residues emitted from incomplete charcoal and kerosene as the price of domestic cooking
burning become black soot. This has been recognized gas keeps to soaring. Liquifying and storing gas created
as a major health hazard capable of causing cancer, from gas particles is a more cost-effective and safe
respiratory problems, developmental challenges and alternative to flaring of gas.
reproductive problems. Many people in the city of Port Oil firms might store, sell, and use the liquified gas
Harcourt and the Niger-Delta region , where 40% of for home or even industrial applications after the gas
Nigeria's oil is produced suffer from these conditions as must have been purified to make it suitable for use. In
a result of atmospheric pollution caused by consistent this way, a commodity that was previously squandered
gas flaring. can be turned to profit the economy through the wise
Fortunately, after a two-decade legislative bot- application of the PIA; and consequently facilitating
tleneck, President Muhammadu Buhari signed the access to affordable liquidfied natural gas for Nigerian
Petroleum Industry Act into law in August 2021. One of consumers.
the landmark provisions of the PIA is the development Also, because natural gas is used to create petro-
of the host communities which serve the interests of chemicals, it can be used to produce items like rubber,
many International Oil Companies. ammonia, paint, steel, glass, and hydrogen fuel for
Furthermore, the PIA recognizes the need to harness automobiles. It is noteworthy that the PIA came at the
the country's gas potential by encouraging investments right time considering that President Muhammadu
in the sector through a Midstream and Downstream Buhari had declared 2020 to 2030 as the ‘Decade of
Gas Infrastructure Fund titled “The Fund''. It was estab- Gas Development’ for Nigeria.
lished to do three things; encourage investments in gas Also, with the energy transition programme on
projects, increase domestic gas uti- the front burner of global con-
lization and reduce or eliminate gas versations, Nigeria has a lifetime
flaring. opportunity to tap into its gas
According to Section 104 (4) reservoir and convert what was
money received from gas flaring hitherto considered a wasted
penalties by the “Commission” opportunity into a sustainable
under this Section shall be for the source of wealth as the world
purpose of environmental reme- IN 2021, NIGERIA ALONE continues to shift towards reducing
diation and relief of the Host FLARED 6236.85 MILLION the use of fossil fuel and increase
Communities of the Settlors on the use of clean energy sources.
which the penalties are levied. CUBIC METRES OF GAS Although the PIA is still in its
Therefore, with the introduc- AND ALTHOUGH THE early stages of implementation,
tion of the PIA, new measures and it has shown signs of incremental
actions can be taken to ensure that GOVERNMENT HAS MADE progress which will reposition the
funds set aside for the improve- PROMISES TO END GAS oil and gas industry to attain its
ment of the host communities are rightful place in the comity of oil
used to invest in proper equipment FLARING, IT HAS ALWAYS producing countries.There is no
such as gas turbines or a lean burn doubt that the long term outlook
machine, which can be used to
MISSED THE DEADLINES of the country’s oil and gas industry
convert gas to other forms for use is certainly promising.

COVER STORY
MELE KYARI:
LEADING REBIRTH WITH
PIA & PURPOSE
- Paul Agada -
T
hree years after his appoint- Crude Oil Marketing Department
ment as the 19th Group (COMD) of the NNPCL, the
Managing Director (GMD) Maiduguri-born Geology graduate
of the Nigerian National from the University of Maiduguri,
Petroleum Corporation (NNPC), Bornu State, has proven to be a true
now Nigerian National Petroleum pioneer of the industry.
Company Limited (NNPCL), Malam The successes of the NNPCL are
Mele Kyari has been shortlisted attributed to his strategic manage-
for the 2022 African Industrial and ment and leadership. His efforts
Development Award. This is a have contributed to the sustainable
testament to his global influence growth of Nigeria, leaving an impact
and visionary approach toward within the country and beyond.
the oil and gas industry, display- Kyari's appointment by President
ing strategic thinking and creative Muhammadu Buhari on Monday,
direction in leading the growth of July 8, 2019, has, no doubt, changed
Nigeria's oil and gas industry. the national oil company's narrative
Having served as the Group from a cesspool of corruption and
General Manager in charge of the opacity to one that gives renewed

COVER STORY
hope to stakeholders. The AKK Pipeline Project, which rehabilitation programme.

This negative image necessi- is seen as the core of the country's Feasibility studies for construct-
tated the reform-minded oil and economic growth, is another central ing a condensate refinery have
gas industry technocrat to unfold management team win. Kyari already been completed, while the
the Transparency, Accountability, has pursued the execution of the NNPC has committed to sustaining
and Performance Excellence (TAPE) project with vigour and focused seamless supply and distribution of
agenda for the corporation's rebirth commitment to ensuring its 2023 petroleum products.
just a few days after his inaugura- completion deadline. Note that at inception, Kyari
tion. He called TAPE a five-step To meet his specified comple- promised to ensure that all the
strategic roadmap for NNPCL's tion time, the NNPCL boss has also country's four refineries at Port
attainment of efficiency and global Harcourt, Warri and Kaduna were
excellence. fully rehabilitated by 2022 to
During the official unveiling of transform Nigeria from being a
the TAPE agenda, Kyari said it net importer of refined petroleum
was the only way to transform the products to a net exporter of the
NNPCL and enhance its potential commodity.
and capacity to compete with other After rehabilitating the refineries,
national oil companies worldwide. Kyari said the NNPCL has agreed
From a corporation steeped in THE AKK PIPELINE with the government to hand over
the negative image of an unpro- the management of the refineries
ductive national treasure on PROJECT, WHICH IS SEEN to private investors, as past experi-
assumption of office, Kyari has AS THE CORE OF THE ences confirmed the government's
worked on tweaking operations and inability to effectively manage the
making big positive things happen COUNTRY'S ECONOMIC refineries.
with his five-step strategic roadmap While encouraging private
that has enthroned efficiency and
GROWTH, IS ANOTHER investors, like Dangote Group and
global excellence. CENTRAL MANAGEMENT other mini-refinery developers in
Among his long list of achieve- the country, to be involved in the
ments, the role of the corporation's TEAM WIN construction of private refineries,
executive management under Kyari Kyari has also ensured that his plan
was to ensure the passage and for rehabilitating the four refineries
signing of the Petroleum Industry concluded the necessary processes was on course.
Act (PIA) into Law by President for a $1.8 billion financing for the The plan to rehabilitate Phase 1 of
Muhammadu Buhari on August 16, AKK pipeline project. He also Port Harcourt was to complement
2021. executed a term sheet with the the supply of petroleum products
The signing of the Petroleum Bank of China to raise escrowed from the strategic reserves.
Industry Bill (PIB), now known as the $519 million from internal cash flows In addition, the NNPCL GCEO has
Petroleum Industry Act (PIA), has to support equity funding of oil and disclosed that the contract for the
been a significant feat and one of the gas industry projects in the country. rehabilitated refineries' operation
boldest flagship executive actions One cannot also ignore how Kyari and management (O&M) would
by the Buhari administration. It was positioned the NNPCL ahead and be bid by qualified professional
also a milestone accomplishment by built a strategic reserve of more managers to take over and manage.
the NNPC team under Kyari's watch. than two billion litres of PMS the This step will erase the bureaucratic
Under his leadership, he and his country could fall back on if the need bottlenecks and ensure the refiner-
team incorporated the Nigerian to overcome temporary shocks ever ies function more efficiently and
National Petroleum Company arises. transparently.
Limited under the Companies Under his sterling leader- GCEO Kyari's bid to ensure regu-
and Allied Matters Act (CAMA) on ship, Kyari ensured that NNPC latory compliance across the NNPCL
September 22, 2021, with the reg- engineers working with the National groups led to implementing the
istration number: RC 1843987, and Engineering and Technical Company International Financial Reporting
ensured uninterrupted fuel supply, (NETCO), the engineering and Standards (IFRS) 9, 15, and 16,
which Nigerians did not previously technical subsidiary of the corpo- amongst others.
experience except for recent hiccups ration, would be deeply involved in Other implementations include
in the supply of petroleum products. working with Kellogg, Brown and the Centralised Invoice Processing
The regular fuel supply is now a Root (KBR). KBR were the original System, integration of systems,
common feature in the country, owners of the engineering technol- applications and products to
allowing people and businesses to ogy for the refinery rehabilitation Remitta, SAP Funds management
plan more efficiently. projects to handle the refineries' and issued conditions for financial

COVER STORY
autonomy of NNPC Special Business (OML) 13, valued at about $3.15 billion
Units (SBUs). and OML 65 for $876 million. These
By rolling out the SAP enterprise agreements resulted in a 32% and
management software, Kyari has 21% incremental production output
automated NNPC's operations in KYARI HAS WORKED ON in OMLs 40 and 30.
performance management, procure A total of 14 companies partici-
to pay, and travel management to TWEAKING OPERATIONS pated in the auction for the financing
ensure an automated and inte- AND MAKING BIG POSITIVE and redevelopment of OML 119,
grated operational process. operated by the NPDC. The twin
He also inaugurated the NNPC THINGS HAPPEN WITH offshore block comprises the Okono
Delivery Team, responsible for HIS FIVE-STEP STRATEGIC and Okpoho fields located approx-
ensuring adequate performance imately 50 kilometres offshore
tracking of the top five priorities ROADMAP THAT HAS south-eastern Niger Delta.
across the business and launching Furthermore, Kyari launched
the NNPC Code of Conduct and Tip
ENTHRONED EFFICIENCY the Nigerian Upstream Cost
Portal. AND GLOBAL EXCELLENCE Optimization Programme (NUCOP).
As a testament to his previous This programme is set to reduce the
success in the oil and gas industry, cost of crude oil production in the
Kyari leveraged the existing Direct- country, ensure its continuing com-
Sales-Direct-Purchase (DSDP) success in getting funds for the petitiveness in the global market,
product supply arrangement, a company, as his efforts have proven and award $1.5 billion contracts for
brainchild of his while still in the themselves repeatedly with the the Rehabilitation of Port Harcourt
office of the GGM COMD of the evidence of results. One is the Refinery to Tecnimont SPA of Italy.
NNPC, to guarantee energy security US$260m Funding Agreement for This has seen the Federal Executive
for Nigerians. ANOH Gas Processing Company Council (FEC) approve $1.48 billion
On the Final Investment Decision Limited (AGPC). This fund can deliver for rehabilitating both Warri and
on the $3.6bn methanol plant in 300 million standard cubic feet of Kaduna refineries.
Bayelsa, the plant expected to gas per day and 1,200 megawatts of Before the NNPC chief's appoint-
produce 10,000 tons of methanol electricity to the domestic market. ment, operations at OML 25, also
daily is an integrated methanol Between 2021 and now, Kyari called the Kula oil field, were shut
and gas project in Odioma, Brass ensured the execution of a funding down on August 11, 2017. This was
Island, Bayelsa State, scheduled to and technical services agreement due to a dispute between Shell
commence operation in 2024. (FTSA) and an alternative financing Petroleum Development Company
One must not downplay Kyari's deal for NPDC's Oil Mining Lease (SPDC) and a local oil company,

COVER STORY
Belema Oil Producing Limited (BPL),

over interests in the oil field oper-
ations in the Belema Community
area.
But upon his assumption of
office, Kyari played a vital role in the
dialogue that restored normalcy in
the area. He mobilised all the parties
in the dispute to the table for a
peaceful resolution of the conflict on
September 17, 2019, shortly after he
was made GMD.
Today, all the lingering issues,
including the traditional injunction
that stopped oil production at the
OML-25 oil flow station, have been
amicably resolved and removed
following his intervention.
Just recently, the community
presented a proposal of a roadmap
for the development of the
community to the federal govern-
ment and the NNPC in a new global
memorandum of understanding
(GMoU). The proposal will grant
the Belema community the right
to be involved in the maintenance
and security of the oil facilities. At
the same time, Shell remained the
operator, along with the Nigerian
Petroleum Development Company
(NPDC), a subsidiary of the NNPC, KYARI LEVERAGED THE EXISTING DIRECT-SALES-DIRECT-
as its partner.
The OML 25 accounts for about
PURCHASE (DSDP) PRODUCT SUPPLY ARRANGEMENT, A
35,000 barrels of crude oil per day. BRAINCHILD OF HIS WHILE STILL IN THE OFFICE OF THE
Thus, the reopening of oil pro-
duction activities in the area has
GGM COMD OF THE NNPCL, TO GUARANTEE ENERGY
significantly boosted NPDC's output SECURITY FOR NIGERIANS
and Nigeria's overall oil production
capacity.
His intervention and dexterous Kyari promised the national oil never willing to release the audited
resolution of all the conflicts company would embrace openness, financial statements and accounts
that frustrated NPDC's quest for transparency and accountability in of all its strategic business units
increased oil production capacity his management approach. Kyari (SBUs) and Corporate Services Units
repositioned the company to attain proved to be a man of his word (CSUs) to the general public.
new peak output of 331,400 barrels when he despised pressures to The best that Nigerians got was
per day on May 28, 2020. In the dissuade him from opening up the the submission of limited copies
2019 financial year, Kyari ensured system and breaking from the norm. of such reports in highly confi-
the NPDC maintained a unit oil Unlike his predecessors, Kyari dential covers for the files of some
production cost of $16.5 per barrel approved the regular publica- restricted government institutions,
per day. tion of the Monthly Financial and like the National Assembly. This
He also published the NNPC 2020 Operational Report of the NNPC action has nonetheless endeared
Audited Financial Statement that that highlighted NNPC activities in him to the millions of stakeholders
posted a N287 billion profit, the first the different aspects of the industry. in the oil and gas sector.
of such in 44 years, thus breaking Since 2016, the publication has been In another special move to
the jinx of no transparency in the sustained. restructure the modus operandi
national corporation. Additionally, in 43 years of NNPC's of the NNPC, Kyari has ensured
In his first weeks as GMD NNPC, existence, its management was timely and regular remittances

COVER STORY
of all revenues accruable to the

Federation Accounts Allocation
Committee (FAAC) for distribution
to the three tiers of government.
On revenue optimisation, the
NNPCL boss made it a policy of his HIS INTERVENTION AND DEXTEROUS RESOLUTION
management to ensure revenue
optimisation by the oil company in
OF ALL THE CONFLICTS THAT FRUSTRATED NPDC'S
all its activities. QUEST FOR INCREASED OIL PRODUCTION CAPACITY
Also, Kyari has always ensured
that all JV partners adhered strictly
REPOSITIONED THE COMPANY TO ATTAIN NEW PEAK
to efficient operational processes OUTPUT OF 331,400 BARRELS PER DAY ON MAY 28, 2020
established by the NNPC under his
management. According to him, this
enables the NNPC to achieve cost
conservation and allow the delivery
of business objectives at low costs
and reduced budgets to guarantee
steady revenue flows to the feder-
ation account.
Unlike most of its peers around
the world, Kyari said the NNPC has,
for too long, focused its operations
on a single business line: exploration
and oil production.
Despite the abundant natural
gas reserves in the country, the
vast volume produced by the oil
companies is only through acciden-
tal encounters in the course of oil
production. There is no deliberate
policy or programme by the govern-
ment to harness the gas resources
to contribute to the country's security and deepen transparency in as well as the Department of State
economic development efforts. petroleum products supply and dis- Security (DSS).
Thus, Kyari is repositioning NNPCL tribution, Kyari, in collaboration with Within a few weeks of the
with plans to expand its activities the Minister of State for Petroleum "Operation White" initiative, the
beyond its traditional operations to Resources, Timipre Sylva, initiated team forced down the daily national
other unexplored frontiers, grow its an innovative programme tagged consumption volume of premium
revenue streams, and cushion the "Operation White". The purpose of motor spirit (PMS), popularly called
impact of the volatility in the inter- this operation was to curb product petrol, from about 60 million litres
national crude oil market. His efforts diversion and smuggling and ensure to 52 million litres.
have seen NNPC Retail Limited that the entire country was continu- Kyari's management team has
launch its range of lubricants into ously wet with petroleum products. continued to revamp downstream
the Nigerian product market. Under the initiative, a team of 89 infrastructure to sustain the unin-
Moreover, Kyari aims to eliminate officials was drawn from various terrupted supply of petroleum
the problem where the Federal government agencies involved in products. They aim to guarantee the
Government has not been able the petroleum products supply availability of a 90 per cent pipeline
to determine the exact volume of process. They were inaugurated and for fuel distribution; ensure automa-
petroleum products consumed daily tasked with monitoring, tracking tion of the fuel distribution system,
in the country. and distribution of fuel consump- and raise NNPC Retail market share
Various agencies have been pre- tion throughout the country. to 30 per cent.
senting conflicting national fuel The team included representa- Throughout the decades spent
consumption volumes, ranging tives from the NNPC, Department at the NNPC, Kyari has proven his
from about 35 million to 80 million of Petroleum Resources (DPR), mettle first as GGM, COMD NNPC,
litres per day. This inconsistency has Petroleum Products Pricing and is now laying the foundation
made it difficult to plan as a country. Regulatory Agency (PPPRA), for future greatness as the GCEO
Therefore, to entrench energy Petroleum Equalization Fund (PEF), of NNPCL.

COVER STORY
Rewarding exploration for good

South Atlantic Petroleum (SAPETRO) is a privately held Nigerian oil & gas
exploration and production company with a portfolio of high-quality assets in West
Africa. We are focused on creating value for our stakeholders through the pursuit of
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We have a net acreage position in excess of 74,890 km² and we are set to become
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South Atlantic Petroleum Limited 11th & 12th Floors,

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56 U P S T R E A M GA Z E TelZ +234
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VOL.2 2022
OPPORTUNITIES AND THREATS AS
NIGERIA MULLS CLEAN ENERGY
- Abdulqadir M. Buba -
A
t the dawn of the new decade, energy tran- substantially reduce global greenhouse gas emissions
sition was one of the topical discourses at in an effort to limit the global temperature increase this
international summits. This is on the heels of century. In line with the accord, major emitting countries
the 2015 Paris Climate Agreement that charted agreed to cut their climate pollution and strengthen
a new course in the effort to combat climate change those commitments over time.
occasioned by the emission of greenhouse gases. Although Nigeria is not one of the major emitting
Nigeria is one of the 196 signatories that pledged to countries, the agreement signalled an imminent threat

to the country’s status as an oil-de-
pendent country because crude
oil is one of the biggest culprits
responsible for climate change.
Crude oil releases a huge amount
of carbon when burned - approx-
imately a third of the world’s total
carbon emissions.
Aside from that, it is largely OIL CONTRIBUTES AT LEAST 5% TO NIGERIA’S ECONOMY,
responsible for some of the biggest
environmental degradation in the
IF THE GOVERNMENT FAILS TO EFFECTIVELY TRANSITION
world. Ogoniland in Nigeria is usually TO CLEAN ENERGY WHILE THE WORLD MOVES ON
cited as a case study for the hazards
that oil exploration is capable of
FROM OIL, THE COUNTRY MAY WITNESS AN ECONOMIC
causing. In fact, The United Nations COLLAPSE. UNEMPLOYMENT AND INFLATION WILL BE ON
Environment Programme (UNEP)
reported that Ogoniland could prove THE RISE
to be the world's most wide-ranging
and long-term oil clean-up exercise
ever undertaken if contaminated meeting with Prof Osinbajo that the begins to demand gas.
drinking water, land, creeks and international bank aims at commit- Meanwhile, if the government
important ecosystems such as ting over $1.5 billion towards the follows through on its commitment
mangroves are to be brought back country’s energy transition plan. to the energy transition, this may
to full, productive health. Similarly, the United States facilitate the process of cleaning up
Since the discovery of commercial Special Envoy on Climate Change, communities that have been nega-
quantities of oil in 1956, crude oil has John Kerry signed the Climate tively affected by the decades of oil
been the country’s biggest revenue Energy Demand Initiative (CEDI) with exploration and oil spilling. We may
source. Nigeria’s economic boom or Nigeria’s Minister of Environment, witness a gradual return to the old
doom has been interwoven with the Mohammed Abdullahi. The accord economic era of fishing, farming and
global price of oil. In a bid to ensure offers Nigeria, as a CEDI partner, an palm oil production amongst other
some form of stability, in 2004, the opportunity to profit from the $12 enterprises in these communities.
federal government created the billion United States government set On the flip side, it is the end of an
Excess Crude Account (ECA) to save aside for the implementation of the era. Nigeria’s mammoth oil and gas
excess revenue whenever the price programme. industry and its myriad of companies,
of oil exceeds the benchmark set for It is also noteworthy that the investors, assets among others may
the year’s budget. transition to clean energy provides become moribund. In view of this,
Even though the ongoing Russia- a lifetime opportunity for Nigeria the recent passage of the Petroleum
Ukraine war has prolonged the to tap into its large gas reserve Industry Act (PIA) will have little
process of transition to clean energy estimated at 600 trillion cubic feet, impact because it came after the
across the world, the obvious truth is, far surpassing its crude oil deposit. world has moved on from oil.
it is just a matter of when and not if Gas is regarded as the global tran- Oil contributes at least 5% to
it will happen. Recognizing this fact, sition fuel and Nigeria needs to Nigeria’s economy, if the government
Nigeria’s Vice President, Prof Yemi reposition and seize opportunity of fails to effectively transition to clean
Osinbajo commissioned the Nigerian the imminent demand for gas. energy while the world moves on
Energy Access and Transition (NEAT), Nigeria has already outlined plans from oil, the country may witness an
a roadmap to facilitate Nigeria’s tran- to leverage its gas reserve. President economic collapse. Unemployment
sition to clean energy by 2060. Muhammadu Buhari declared and inflation will be on the rise.
The big question is what does 2020 to 2030 as the ‘Decade of As such, the government must
this mean for Nigeria’s oil and gas Gas Development’ for Nigeria. He be decisive about a gradual phasing
industry? As much as this initiative described the declaration as a bold out of the fossil fuel era while stra-
offers opportunities for investments, statement to demonstrate his tegically transitioning to a clean
it also poses a big threat to the Administration’s resolve that gas energy driven economy. However, it
country’s largest foreign exchange development and utilization should is important to keep in mind that a
earning commodity. be a national priority. There is no stitch in time saves nine. We do not
Opportunity wise, there are gainsaying the need for utmost com- have much time
prospects. The World Bank’s mitment from relevant stakeholders
Nigeria country director, Shubham to pursue the plan and ensure the
Chaudhuri, disclosed during a country is ready when the world

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161 AWARDEES GET NUPRC NOD
FOR PETROLEUM PROSPECTING LICENCE
- Faith Enang -
T
he Nigerian Upstream Petroleum Regulatory PIA 2021.
Commission (NUPRC) has awarded Petroleum “The onboarding of new oil and gas players in the
Prospecting Licences (PPLs) to 161 successful petroleum sector is part of this government’s policy
2020 marginal field applicants. to encourage more indigenous participation in our
The Minister of State Petroleum Resources, Chief petroleum operations,’’ he said.
Timipre Sylva described the successful completion Sylva said the development would boost activities in
of the licensing rounds as a giant milestone for the the oil and gas sector.
administration and lauded the management and staff Also speaking, Engr. Gbenga Komolafe, Commission
of NUPRC for managing the successful completion of Chief Executive (CCE) NUPRC, recounted how the need
the process, which began in 2020. to conclude the 2020 Marginal Field Bid Round was a
“The implementation of the PIA 2021 is in top gear. big challenge given to the commission upon its inau-
Consequently, the new awardees should note that their guration in 2021.
assets will be fully governed by the provisions of the He noted that the exercise was marred by several

constraints which included the COVID-19 interrup- competitive, and non-discriminatory bidding process in
tion, partial payment of signature bonuses by some line with Sections 73 and 74 of the Act,’’ he pointed out.
awardees, and the unwillingness of co-awardees to Meanwhile, the commission has unveiled the Host
work together in forming SPVs for field development. Communities Development Regulations and model
Komolafe added that the passage of the PIA brought Petroleum Prospecting Licences (PPLs).
an end to the era of Marginal Field awards. Speaking at the unveiling and licences presentation
“Section 94 (9) of the Act states that no new Marginal in Abuja, Chief Sylva explained that the maiden pre-
Field shall be declared under this Act”. sentation of the PPL was part of the implementation
“Accordingly, the minister shall now award PPL on of Petroleum Industry Act (PIA), 2021.
undeveloped fields following an open, fair, transparent,

NUPRC HOLDS CORPORATE
STRATEGY RETREAT
- Biola Ogunleye -
T
he Nigerian Upstream Regulatory Commission promoting sustainable value creation from Nigeria's
(NUPRC) recently convened an all-inclu- petroleum resources, while its vision is to be an African
sive Corporate Strategy Retreat, to create a leading regulator, and will be driven by core values
roadmap and chart a part for the achievement of professionalism, responsiveness, ownership and
of its regulatory mandate. integrity.'
Participants at the retreat discussed how the Another resolution reached is the approval of the
NUPRC will tackle the myriad of issues bedeviling the Commission's new conditions of service, which will
Upstream sector. replace the Corporate Policies and Practices Guide
It was also learnt that the experiences of the man- (CPPG).
agement team garnered from the trip to Norway will This would redirect the commission away from a
greatly contribute viable solutions towards improving tenure based service organization to a performance
the operations of the Commission. based service organization.
The retreat produced positive results from its delib- The many positive outcome of the retreat are mea-
erations. One of such resolutions is 'Working to make surable milestones achieved by the Commission at the
the NUPRC the regulator of choice, whose mission is end of the retreat.

PHASE (2) CONSULTATION FORUM
WITH STAKEHOLDERS ON DRAFT REGULATIONS
PURSUANT TO THE PETROLEUM INDUSTRY ACT (PIA) 2021
- Oluwaseun Dania -
The Commission Chief Executive Engr. Gbenga accordingly.

Komolafe, represented by the Executive Commissioner, Out of the eight draft Regulations being reviewed by
Health, Safety, Environment & Communities, Capt. John the Commission, the Host Communities Development
Tonlagha, who declared the plenary session open for Regulations has been duly approved and gazetted.
a 3-day Consultation forum with relevant stakehold- Other draft regulations disscused include: Acreage
ers. The event which held at Transcorp Hilton Hotel Management (Drilling & Production) Regulations,
Abuja had in attendance the Executive Commissioner Upstream Petroleum Environmental Regulations,
Exploration & Acreage Management, Ms. Rose Ndong, Upstream Petroleum Environmental Remediation Fund
Senior officials of the Commission and key stakeholders Regulations, Upstream Petroleum Safety Regulations,
in the industry. Unitization Regulations, Upstream Petroleum
The plenary session was later collapsed into three Decommissioning & Abandonment Regulations,
syndicate groups to review the draft regulations Frontier Fund Regulations.

OPINION
COMMISSION CALL
COMMISSIONCALL - Obianuju Akwunwa -
The Commission Chief Executive, Engr. Gbenga Komolafe,

inaugurates the NUPRC Gas Flare Commercialisation Team, in
conjunction with Development Partners, United States Agency for
International Development (USAID) and United States Trade and
Development Agency (USTDA) in Abuja.

OPINION
COMMISSION CALL
Under study visit to the NUPRC by

the delegation from Equitoria Guinea
Ministry of Mines and Hydrocarbons led
by the Director General, State Entities
and Assets, Oscar Vicente Garcia.

OPINION
COMMISSION CALL
The Chief of Jabi District, Abuja, Pays

a Courtesy Visit to The Commission
Chief Executive at The NUPRC
Headquarters, In Jabi Abuja.

OPINION
COMMISSION CALL
POWERING ON TO THE FUTURE

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PETRALON 54 AND DAWES ISLAND
COMMUNITIES CUDDLE-UP
- Adeola Yusuf -
Amayanabo of Ancient Ogoloma Kingdom; HRM King

Michael Ateke Tom, Amayanabo of Okochiri Kingdom,
arrived.
Petralon 54 Limited was about to pull what Adagogo
later confessed he has never witnessed any oil company
pull in his community since he was born. The company
has just been issued a license to operate and its first
action was to take the license to the host communities
for official presentation to their leaders. Its intention is
to take the proverbial sense of belonging far beyond
rhetoric. Unknowingly to the marginal field lincensee,
it would later give Adagogo and hundreds of thousands
of people like him in the Niger Delta, a new reason to
believe that something good could, after all, come to
them from Nigeria.
I
A BACKGROUND
n a flash only comparable to the speed of lightening, In a remarkable show of acceptance, Ogoloma, Okochiri
the mood of Tamunotonye Adagogo, would soon and Koniju communities in Okrika Local Government,
change. Adagogo is 37 years old and he said he has Rivers State, found common ground in Petralon 54
never witnessed any good the oil and gas resources Limited, an indigenous oil exploration and production
at his father's background have brought to his clan. company, recently granted the sole operatorship of the
He was moody and petulant, when sighted very Dawes Island Field
close to the Ogoloma square. His lips were dry and Petralon 54, which was awarded Petroleum
folded, his eyeballs reddish and wide open, as he sank Prospecting License No. 259 (PPL 259) by the Federal
his sagging cheek in the cup of his palm. And, then the
dignitaries began to arrive for the Petralon 54 Dawes
Island Community Launch. The sonorous sound of
drums from Wakirike Cultural Troupe rented the air. And
the melodious climax was reached as the indigenous
Masquerade groups came in with that special sound of
drums that soothes the ears and gladdens the hearts.
Soon, waists of different sizes began to shake less vig- ...A LICENSE TO OPERATE AND ITS FIRST
orously, less amorously. ACTION WAS TO TAKE THE LICENSE TO
This moment, the ancient Ogoloma Kingdom has THE HOST COMMUNITIES FOR OFFICIAL
totally turned into a festive mood. In turns, tradi- PRESENTATION TO THEIR LEADERS. ITS
tional high chiefs from three kingdoms in Okrika Local
Government Area of Rivers State, arrived. And, then INTENTION IS TO TAKE THE PROVERBIAL
Adeola Akinrinmade, executive director, Petralon 54
Limited; Ahonsi Unuigbe, founder, Petralon 54 Limited;
SENSE OF BELONGING FAR BEYOND
HRM Emmanuel Tamunoigbeindebia Ibiagolika, RHETORIC

Government of the Federal
Republic of Nigeria in accordance
with the Petroleum Industry Act,
2021, have been actively engaging
the community since the award,
with the motive of discovering
the needs and pain points of the
community. These engagements
culminated in a visit to the commu-
nities on Thursday, 13th October,
2022.
THE TALK-OF-THE-TOWN
OCCASION
The event tagged ‘Dawes Island
Community Launch’ held at the
Ogoloma Town Square had the
rich culture of the Okrika people With the right atmosphere created
on display and attracted dignitar- by the Okrika people for our
ies from the three communities, company’s operations, mutual
including the youths, community prosperity is assured”, he promised.
elders, members of the Council of
Chiefs, top government function- MOMENTS OF TRUTH AS THE
aries and the paramount traditional WE ARE NOT JUST HERE HOSTS TALK
rulers. Speaking differently, but with one
Notable amongst those present
TO TAKE WITHOUT GIVING voice, the spokespersons for both
at the Petralon 54 Community BACK. WITH THE RIGHT Ogoloma and Okochiri communi-
Engagement Programme, ties, Hon. Linda Koroma and Dr.
asides the Royal fathered, were:
ATMOSPHERE CREATED Chris Biriowu, warmly welcomed
Honourable Linda Stewart Koroma, BY THE OKRIKA PEOPLE Petralon 54 and expressed the com-
Member, Rivers State House of munities’ happiness at company’s
Assembly and Spokesperson for FOR OUR COMPANY’S effort at connecting deeply with
the Amanyanabo of Ogoloma OPERA- TIONS, MUTUAL the people.
Kingdom, Dr. Chris Biriowu, “We are peace loving people
Spokesperson for the Amanyanabo PROSPERITY IS ASSURED” but we do not want to be taken
of Okochiri Kingdom, Chief Martins for granted. In getting wealth out
Ateli Kunumgbe, Chairman, of our land, our people’s means
Ogoloma Council of Chiefs and of livelihood are destroyed. We
Engr. Alhassan Abubarka, and a representative of the therefore expect that we should be a part of the pros-
Nigerian Upstream Petroleum Regulatory Commission perity for which we sacrifice our livelihoods, ecosystem
(NUPRC). and land”, said Hon. Linda Koroma.
She added, however, that “with the way you –
REMARKABLE PRESENTATION Petralon 54 have come to us, we are persuaded that
Leading the Petralon 54 team, which included Adeola you are keen on a long-term and mutually beneficial
Akinrinmade, Executive Director and Gboyega relationship with our people, and for that, you have our
Aiyemomi, Community & Government Relations full support and cooperation”.
Manager, was Ahonsi Unuigbe, Founder Petralon 54, Earlier in his remarks for Okochiri Kingdom, Dr. Chris
who formally presented the company’s Petroleum Biriowu commented that our communities have a very
Prospecting License No. 259 (PPL 259) to the Royal high percentage of youths, who will require employ-
Fathers and the people, and conveyed appreciation for ment and empowerment. We ask you, as one of us, to
the warm reception accorded him and other members of make this one of your own problems, too”.
Petralon 54 management team present at the occasion
Unuigbe, while presenting the PPL license, told the FUNDING DAWES ISLAND ACTIVITIES
communities that “Petralon 54 is a socially responsible For an asset coming on board now that there is funding
organisation that is committed to human and environ- issue in the industry, Adeola Akinrinmade, executive
mental wellbeing and urged the Okrika people to see director, Petralon 54 Limited, unveiled how the
the company as a partner in progress”. company is trying to solve this.
“We are not just here to take without giving back. "Okay, Thank you very much for that question. I say

money is fluid and it is always looking for somewhere
to rest. So, the question is, are you in the right position
to attract funds to rest on in your asset? Yes, for us.
You could have listened to what the founder and the
CEO said, when we were awarded in 2021. We did "YES, I SAID I WILL BECOME A MODEL
not just jump into it. We took time to engage with
partners. They are an internationally known company OF THE RELATIONSHIP WITHIN THE
for geo-scientific research. We gave them the letter COMMUNITY AND COMPANIES. YOU CAN
and they accepted it Intensely and vigorously. And they
came out with the plan which we are going to utilize SEE THE SUPPORT, ALREADY. WE ARE
to attract investment. And the plan says during the WITH THE NEWSMEN, WE ARE NOT HERE
course of the years, two years to three years. And it
shows that the field is indeed viable enough to attract WITH SECURITY. WE ARE NOT SCARED
investment internationally, viable to attract investment
locally. I would say there won't be a problem attracting
investment because this asset is viable. Going by its strategic plan to take the Dawes Island
field to sustained commercial production before the
MODEL: GOING TO HOST COMMUNITY end of the year 2022, Petralon 54started well test oper-
WITHOUT HEAVY SECURITY ations in September 2022, an initiative which will result
"Yes, I said I will become a model of the relationship in sufficient data gathering that will enable seamless
within the community and companies. You can see the operation and contribution to national output.
support, already. We are with the newsmen, we are not
here with security. We are not scared. My mother is LAST LINE
from this state. I am also an indigene of this environ- The Ogoloma square, asides thousands of Chiefs and
ment. So, for us, it is a homecoming. indigenes of Okrika Local Government Area of Rivers
State, was a witness to special community relations
PETRALON 54: A FIRM AND ITS FUTURE exemplified by Petralon 54 Limited. Adagogo has not
Petralon 54 Ltd is an indigenous exploration and pro- only shook his waist excitedly before the end of the
duction oil and gas company. The company holds a unprecedented event, he felt reassured with comments
100% interest in PPL 259, which covers the Dawes from the Amanyanabos and other Okrika opinion
Island Field, and is a subsidiary of Petralon Energy leaders in a better future ahead of him and members
Limited, whose mission is to leverage its experience, of his clan.
expertise, and world-class delivery capability to grow "We await them to fulfil the promises on jobs and
true indigenous ownership within the sector, while training opportunities. We have heard same lines from
redefining the relationship between oil companies and others but what we have not seen others do is what
communities. they have done today by presenting their license to us,"
As a company, Petralon 54 Limited is excited at the he said with a smile of someone who has just conquered
opportunities this development will present to every at a war front. He shook his waist a little more, wiped
stakeholder in this ecosystem, and has commenced sweat off his face with his palm and concluded; "We see
significant investment in the asset, which has suffered future with this people (Petralon 54). Let them just keep
neglect for more than eighteen years. doing the right thing."

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OLU OF WARRI HOSTS UPSTREAM CHIEF,
INDUSTRY STAKEHOLDERS,
TO MAIDEN EDITION OF IWERELAND
PETROLEUM HOST COMMUNITIES SUMMIT
- Lekan Fatodu -
T
he traditional ruler of the Iwere Kingdom, Ògíamẹ Regulatory Commission, Engr. Gbenga Komolafe and
Atúwàtse III – The Olú of Warri hosted the Babangida Umar Esq; Ministry of Oil and Gas, Dr Josiah
maiden edition of the Iwereland Petroleum Host Efe; and the Governor of Delta State, represented by Chief
Communities Summit. Emman Amgbadugba.
The event which held at Àghọfẹn, Ajamimogha in Warri, The event was aimed at educating host communities on
Delta State was graced by key stakeholders in the Oil and the implementation of the Host Community Development
Gas industry such as CCE, Nigerian Upstream Petroleum Trusts in oil-producing Itsekiri communities under the

Petroleum Industry Act (PIA).
Speaking on the importance of the
PIA to the host communities, The Olú
of Warri in his keynote address said,
“The PIA is essentially an instrument,
designed to cure the appetites of
individuals who have become used
to appropriating the commonwealth
to themselves or mismanaging the
wealth to the detriment of the
destiny of the people.
“The primary purpose of the PIA
is to assist in any developmental
purpose, deemed beneficial to the
host communities, as may be deter-
mined by the Board of Trustees;
members of the Boards must invest
part of the available funds for and on
behalf of the host communities.
“This crucial role demands an equi-
librium of high performance and
trustworthiness, as the parameters
for effective operational excellence
of the Boards. This is an engagement
to promote awareness and enjoin
the people, to participate actively

and wisely in choosing their representation in the activa- and sustainability of the environment.
tion of this all-important act.” “As our commitment to you, we shall ensure that the
The Commission Chief Executive, NUPRC, Engr. Gbenga 3% deduction required from the Settlor’s annual OPEX
Komolafe lauded the host, His Royal Majesty, Ogiame is not shortchanged and that funds are remitted in
Atuwatse III – The Olu of Warri, for organizing the summit, good time. We shall also ensure that projects and pro-
describing it as “the first of its kind in Nigeria.” grammes proposed by the HCDT are implemented as well
According to him, “We are witnessing for the first time as ensure fair and adequate compensation for damaged
a concerted, deliberate, and focused effort by a highly environments and apply sanctions where necessary on
revered monarch to create awareness and provide critical defaulters.”
information that will empower Nigerian citizens within the Meanwhile, the Ogiame Atuwatse III – The Olu of
host communities with the knowledge required to access Warri urged the government, intervention agencies and
the robust benefits provided by the Federal Government industry stakeholders to support The Iwereland Global
under the Petroleum Industry Act 2021.” Masterplan.
The CCE assured the host communities that under his He said, “We intend that The Iwereland Global
watch, the Commission will concluded processes that Masterplan will be so well put together, that all arms
ensure the implementation of the Host Community of government and intervention agencies become fully
Development Fund under the PIA 2021 before the end committed to being a part of that plan. We will discourage
of June 2022. idleness and a sense of entitlement, while encouraging
He explained that “the development will signal the competence and all that brings added value to the effort.
commencement of seamless implementation of the “We assure government, companies, non-governmen-
Host Community Development Fund for the benefit of tal organisations and regulatory authorities that we are
oil producing communities. Accordingly, the Commission, well aware that our job is to make Iwereland more hos-
empowered by the PIA, has steered our focus towards pitable for business – whether Energy or otherwise – no
working with the host communities and other stake- matter the obstacles thrown our way,” he added.
holders to ensure business investments in the oil and gas
sector are adequately protected while ensuring the safety

At Petroleum Technology Development Fund, we are charged to
develop indigenous manpower and technology transfer acquisition
in the petroleum industry as well as make Nigeria a human resource
centre for the West African sub-region.
We are poised to train Nigerians to qualify as graduates,

professionals, technicians and craftsmen in the field of engineering,
geology, science and management in the oil and gas industry in
Nigeria and abroad.
2 Memorial Close, Central Business District, Abuja.

Mobile: +234-810-6857806, +234-810-6801744
Email: info@ptdf.gov.ng Web: www.ptdf.gov.ng

GOODWILL MESSAGE
BY THE COMMISSION CHIEF EXECUTIVE
ENGR. GBENGA KOMOLAFE, FNSE
AT THE PRESIDENTIAL
UNVEILING OF THE NEW NNPC LIMITED
AT THE PRESIDENTIAL CONFERENCE ROOM, ABUJA

PROTOCOLS
I
t is my pleasure and indeed an honour to give a more than 23 assets have been divested. The current
goodwill message at this historic unveiling of the new drive for divestment by the IOCs is largely attributable to
NNPC Limited. This event is another milestone in the the challenges in the upstream petroleum environment
implementation of the Petroleum Industry Act (PIA), arising from crude oil theft and energy transition.
2021, therefore quite significant to the development of
the Nigerian oil and gas industry. NNPC Limited, as pre- 6. Our view as a Commission is that NNPC Limited as the
scribed by the Act, is set to be a commercially oriented largest capitalized commercial operator in the Nigerian oil
and profit-driven national petroleum company, which will and gas industry, along with other indigenous operators
further promote transparency, accountability, operational are now fully positioned to bridge the gap being created
efficiency, and optimum federation revenue. by the IOC divestments. This will enhance the devel-
opment of Nigeria’s hydrocarbon resources to ensure
2. Distinguished Ladies and Gentlemen, permit me to economic growth and energy security for Nigerians.
firstly pay due tribute to the President of the Federal
Republic of Nigeria, President Muhammadu Buhari, GCFR 7. Furthermore, available statistics from the World Bank
and the ninth (9th) National Assembly for the enactment and the African Development Bank suggest that oil and
of the Petroleum Industry Act (PIA), 2021, which has laid gas contribute only about 7.5% to 8% of Nigeria’s GDP.
a solid foundation for the ongoing transformation of the NNPC Limited can change this narrative by engaging in
petroleum industry in Nigeria. operations that will directly stimulate the local economy
and increase the oil and gas industry’s contribution to our
3. Statutorily, NNPC Limited as suppliers of last resort is GDP. This can be achieved by boosting the company's
vested with powers to carry out petroleum operations presence across the full spectrum of Nigeria’s oil and gas
on a commercial basis across all the streams involving value chain, especially the downstream and midstream
petroleum exploration and production, petroleum sectors. Nevertheless, such an expansion must be
products refining, supply and distribution, engage in strategic to ensure efficiency and profitability.
the business of renewables and other energy invest-
ments, promote the domestic use of natural gas through 8. In line with our national commitment to the net-zero
development and operation of large-scale gas utilisation carbon emission target, the NNPC Limited is expected
industries; and engage in activities that ensure national to channel more resources towards natural gas exploita-
energy security in an efficient manner, in the overall tion and utilization. Therefore, as a reformed commercial
National interest. enterprise, the NNPC Limited should leverage the oppor-
tunity being presented by the divestments, to make the
4. Remarkably, today’s event marks a huge transforma- necessary investments for gas pipeline infrastructure, gas
tion in the activities of the National Oil Corporation to a processing facilities, and fulfilling domestic gas delivery
more result-oriented commercial enterprise. We are opti- obligations to strategic sectors of the economy.
mistic that the NNPC Limited is set to achieve the lofty
goal of optimum productivity and international presence 9. As a regulator, the Commission has been working
like other national oil companies (NOC), such as Saudi diligently in developing necessary regulations aimed
Aramco, Abu Dhabi National Oil Company, Petronas, at giving meaning to the intent and letters of the PIA,
Petrobras, etc. Official records indicate that Saudi Aramco 2021 comprising of: Nigeria Upstream Host Communities
operates in more than fifty (50) countries and produces Development Regulations, Nigeria Upstream Fees
over 10 million barrels of oil per day in Saudi Arabia alone. and Rents Regulations, Nigeria Royalty Regulations,
Petronas also has its presence in more than thirty (30) Conversion and Renewal Regulations, Domestic Gas
countries and produces about 2.27 million barrels per day Delivery Obligations Regulations and Licensing Round
from its global assets. In the nearest future, we believe Regulations to provide enabling environment and level
that NNPC Limited will also have its footprints in other playing ground for all industry players.
countries.
10. On behalf of the Board, Management, and staff of
5. Your Excellencies, Ladies and Gentlemen, the Nigerian the Commission, I join other industry stakeholders to
Upstream Petroleum Regulatory Commission is not celebrate this unveiling marking a new beginning of the
oblivious of the threat posed to the development of the NNPC Limited.
Nigerian hydrocarbon industry by divestments of the
international oil companies (IOCs). From 2010 to date, Thank you

NMDPRA HIGHLIGHTS STRATEGIES
TO DRIVE ENERGY TRANSITION IN NIGERIA
- Nze David Ugorji -
T
he Authority Chief Executive, Engineer
Farouk Ahmed said the Nigeria Midstream
and Downstream Petroleum Regulatory
Authority (NMDPRA) is strategically poised
and committed to drive energy transition in the
country. Engineer Ahmed said this during a panel dis-
cussion on Regulating Downstream Energy Transition
in Dynamic Times at the 2022 OTL Africa Downstream
Week in Lagos. According to the ACE, some of these
strategies are Concessionary Royalties on Domestic
Gas Supply, Concessionary Tax Regime for Domestic
Gas Infrastructure, and Co-financing of Strategic Gas
Investments. He added that the NMDPRA has developed
an investor friendly economic model for the domestic
gas market to promote the use of LPG as a cleaner
cooking fuel alternative to biomass. The NMDPRA boss
assured all stakeholders that the NMDPRA will be at the
forefront of supporting programmes that will prioritize
LPG adoption for cleaner cooking fuels and technologies
to support Nigeria's objectives of achieving universal
access to affordable, sustainable and renewable energy
by 2030; in line with the United Nations Sustainable
Development Goal number seven (UN SDG-7).

GOVERNOR SANWO-OLU WOOS MORE
INVESTORS TO FTZ LAGOS
- Comfort Adeola Ojo -
P
resident Muhammadu Buhari commissioned designed to make possible the direct transfer of
the Pinnacle Oil and Gas FZE Terminal in Lekki, petroleum products from large vessels, through its
Lagos, and says the operations of the facility Conventional Buoy Mooring (CBM) and Single Point
would eased congestion in the Apapa area, Mooring (SPM) facilities."
reduced cost and delivery of petroleum products to "What this means is that vessels as large as between
many parts of our country. 90,000 Dead Weight Tons (DWT) and 150,000 DWT can
Speaking at the commissioning of the terminal, Lagos conveniently berth here, and discharge their products
State Governor, Mr Babajide Sanwo-Olu said; "Today, we efficiently, with minimal turnaround time."
commissioned Pinnacle Oil’s Lekki Petroleum Products "In addition, this facility can store up to 300 million
Terminal, at the Lekki Free Trade Zone. The Lekki FTZ litres of refined petroleum products. By all standards
is Nigeria’s most active and vibrant Free Trade Zone, this is an impressive facility, built to the highest
and it embodies what Lagos represents which is vision, standards available anywhere in the world."
commitment, and an enduring spirit of excellence; this "The facility will not only serve Nigeria, it is also being
is what we have always stood for." positioned to serve the export market across West
"Pinnacle oil petroleum products terminal has been Africa, cementing Lagos’ place as the prime hub for

commerce and logistics in West Africa."
"I hereby commend Pinnacle Oil and Gas for bringing
this massive industrial dream to reality, as part of your
commitment to ‘Fueling Nigeria’. "
"The Pinnacle Lekki petroleum products terminal is
a bespoke purpose-built petroleum products intake,
offtake and storage facility built to bring about
improved modern changes in the Nigerian oil and gas
industry by enabling the direct delivery of petroleum
products from large vessels otherwise called Mother
vessels, which would otherwise have been unable to
berth anywhere on the Nigerian coastline."
"This has in effect improved the efficiency of the
Nigerian downstream industry by eliminating the need
for expensive vessel lightering, reducing the incidence
of demurrage for visiting mother vessels, reducing the
typical out turn losses which typically occur during
lightering operations etc. All of these have resulted in
significant savings for vessels berthing at the Terminal
as opposed to berthing at any of the other mooring
facilities in the Lagos area."
The facility currently has the capacity to store 300
million Litres of Petrol and Diesel, a Conventional Buoy
Mooring (CBM) Facility with 16km of 16inch subsea
products pipeline network and loading gantries system
with ability to truckout 20 million litres per day.

NOTICE OF RE-LAUNCH OF
THE NIGERIAN GAS FLARE COMMERCIALISATION
PROGRAMME (NGFCP 2022)
is therefore poised to deliver end-to-end value from

SYNOPSIS flare gas commercialization to both existing and new
participants
Nigerian Upstream Petroleum Regulatory Commission .
(“The Commission”) has relaunched the Nigerian Gas In consideration of Section 105 (2) of the PIA and similar
Flare Commercialization Programme (“NGFCP 2022”) to provisions enabling the Commission in that respect,
drive Nigeria’s commitment to end routine gas flaring the Commission hereby invites existing applicants to
and support the imperatives of the Nigeria Energy validate their status and for new investors to register to
Transition Plan. The NGFCP 2022 has been restructured participate in the NGFCP 2022 through the Programme
to reflect current industry gas flaring situation, prevail- Portal - www.ngfcp.nuprc.gov.ng.
ing operational realities, and the inherent changes in
the socio-economic landscape due to the passage of
time since the NGFCP was designed and implemented
by the Ministry of Petroleum Resources (MPR) and the
THE NGFCP 2022
defunct Department of Petroleum Resources (DPR).
The Federal Government of Nigeria maintains a
The Petroleum Industry Act 2021 (PIA) and its enhanced long-standing policy against gas flaring due to its
legal and regulatory enablers have addressed the deleterious impact on host communities, the effect
bottlenecks that hitherto impeded the expeditious on global climate change, and the resource waste and
implementation of the Programme. The NGFCP 2022 value erosion the unwholesome practice represents.
To this end, the Federal Government pledged its

and understanding of the market. The following cate-
gories of suitably qualified investors should participate:
Existing Applicants
Entities who were previously pre-qualified and
submitted bids during the 2020 bid process are
encouraged to visit the Portal to validate their status
and progress to the next stage of the Programme.
Kindly note that entities who previously met

pre-qualification requirements and submitted bids
may remain prequalified and will be exempted from
payment of associated fees with respect to the
pre-qualification stage only.
New Participants
All new investors, including those who participated
commitment to Net Zero carbon emissions by 2060 at previously but did not progress to bid submission,
COP26, passed the Climate Change Act, and recently are also encouraged to register their interest on the
launched the Nigeria’s Energy Transition Plan, all of Portal.
which reinforce the need for the oil and gas industry to
spearhead FGN’s mandate to reduce carbon emissions. Investors are invited to note that despite the hiatus, this
first-of-its-kind auction remains a unique opportunity
Furthermore, the enactment of the Petroleum Industry for domestic and international players to participate in
Act, 2021 and the emergence of NUPRC as the upstream the world’s largest market-driven flare gas commercial-
technical and commercial regulator are among signif- ization programme.
icant industry reforms of the sector. Accordingly, the
NUPRC has streamlined the NGFCP to drive the flare Successful bidders will be granted title to the flare
auction and award process to successful conclusion in gas through gas sales agreement to be entered into
record time via an accelerated delivery schedule. The with the Commission on behalf of the FGN. Significant
renewed Programme will guarantee opportunities for volumes of flare gas distributed across the areas of
existing applicants while expanding participation to operations in both clustered and single site configura-
new investors. Harnessing natural gas destined for tions are available through this auction round.
flaring will not only reduce carbon emissions but will
stimulate economic growth by driving investments and Interested entities are therefore invited to renew/
creating jobs. validate/register their interest through the NGFCP
2022 portal (www.ngfcp.nuprc.gov.ng) by following the
Consequently, NGFCP 2022 is a new expression of the requirements for status verification and Statement of
Programme redesigned to adapt to changes in the Qualification (SOQ) submission for existing applicants
industry and market with a renewed focus to implement and new participants respectively.
Government’s policy objectives for flare elimination and
gas-based industrial economy in Nigeria. NGFCP 2022
is implementing the programme through a streamlined,
transparent, and competitive bid approach leveraging
TIMELINE
institutional experiences and lesson learnt as well as
collaboration with Operators and partner development • Status Validation/Registration of Interest/RFQ:
agencies. 30th September - 28th October 2022
• SOQ Evaluation/Notification of Qualified
Applicants: 31st October - 4th November 2022
• Request for Proposal (RFP) stage: 7th November –
WHO MAY PARTICPATE 18th December 2022
• RFP Evaluation: 19th December - 23rd December,
Any competent investor (indigenous or international) 2022
with proven technical and commercial capacity to • Announcement of Preferred Bidders: 28th
convert flare gas for useful purposes are encouraged to December 2022
participate. Such investor would be required to demon- • Award Ceremony: 30th December 2022
strate requisite experience in project development,
access to proven technology in commercial application

Energy for Today
Energy for Tomorrow
www.nnpcgroup.com
GAZESPORTS - Dare Olaniyan -
T
he Nigeria U-17 Women football team have
ended their campaign at the FIFA Junior World
Cup event by securing the Bronze Medal for the
Country.
After falling to secure a spot in the final game, the
Flamingos glided to a 3-2 victory over Germany to
clinch the bronze medal.
The Flamingos surprisingly blew a three-goal lead
as the Germans forced the game into penalties coming
from 3-0 down to make it 3-3.
However, the girls prevailed in the ensuing penalty
kicks; winning it 3-2 at the end of the shootout.

GAZETAINMENT - Adewale Osoneye -
I
t is no longer news that rave of the moment and
African Superstar, Kizz Daniel, has dropped yet
another hit song titled 'Cough Odo'. While his
teeming fans are still basking in the euphoria his
previous hit song Buga created, he dropped his latest
song with an infectious bespoke dance move. So far
the new song and dance move has had fans, both
old and young across the globe, posting recorded
videos of themselves engaging in the song's Dance
Challenge.
Daniel's new song is receiving massive
airplay on radio stations and at all social
events within and outside the Continent.
This talented Nigerian artist, who
is not resting on his oars, recently
performed at the 2022 FIFA World
Cup in Qatar.

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V O L . 2 2 0 2 2 BY U P S T R E A M GA Z E M AGA Z I N E 91
OIL THEFT DESTROYS OUR LIFE, LAND & KILLS THE NATION’S ECONOMY
A NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION CAMPAIGN

No. 7, Sylvester Ugoh Crescent, Off Obafemi Awolowo way, Jabi District, Abuja.
Tel +234 (1) 2790000, 9037150 Email info@nuprc.gov.ng

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NOVEMBER 2022

ENGR. GBENGA KOMOLAFE:

NIGERIA’S PERENNIAL GAS

MELE KYARI: LEADING

ACCESS TO FINANCE KEY TO

NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION

2 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

47 Infrastructure Deficit: Bane of

51 Mele Kyari: Leading Rebirth With

76 Olu of Warri Hosts Upstream Chief,

UPSTREAM GAZE is published by the office of the Commission Chief Executive,

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 3

Concept & Production

4 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

RISK MANAGEMENT . INTEGRATED INSURANCE CONSULTANTS

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 5

WOMEN IN ENERGY NETWORK

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 7

ENGR. GBENGA KOMOLAFE: EXPERTISE

8 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

commitment such that in just one year after inaugu-

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 9

addition to its role as technical regulator.

10 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

prices and production cuts by the Organization of the

To achieve success, Engr. Komolafe emphasized the

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 11

12 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 13

14 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 15

COP 27: ACCESS TO FINANCE

16 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

A BALANCED AND JUST

must balance contributing our quota

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 17

Engineered for Success

Office Address 54 Warehouse Road, Apapa,

NUPRC REVENUE PERFORMANCE

CHARTS FOR THE PERIOD

REVENUE GENERATED FOR THE FEDERATION - AUG 2021-OCT 2022

CHART A: REVENUE GENERATED IN AGGREGATE AUG 2021-OCT 2022

REVENUE GENERATED BY TYPE - AUG 2021 - OCT 2022

Oil &Gas Royalties Gas Flared Payment

CHART B: REVENUE GENERATED BY TYPE AUG 2021 - OCT 2022

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 19

20 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

Job Specification No of Job Spec. 1 No of Job Spec. 2 TOTAL

3.1 Chart showing Consultancy service by Job specification

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 21

MAINTENANCE 2020 2021 2022

22 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 23

A. PHASE ONE (1) REGULATIONS

B. PHASE TWO (2) REGULATIONS

C. PHASE THREE (3) REGULATIONS

24 U P S T R E A M GA Z E M AGA Z I N E VOL.2 2022

STATUS OF ACCREDITED LABORATORIES AND SAFETY TRAINING

S/N LOCATION NUMBER Number of Commission's Accredited Laboratories Per Location

S/N TYPES OF SERVICES NUMBER

1. Environmental Quality Monitoring 52

2. Safety Training Centre

VOL.2 2022 U P S T R E A M GA Z E M AGA Z I N E 25

TERRAIN/ LAND SWAMP SHALLOW DEEP CONTRACT JV PSC SR MF