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OIL AND GAS

Increased Crude Oil production: NCDMB Advocates Annual FID Week

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects.

The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made the proposal on Tuesday in his presentation at the 2024 African Energy Week (AEW), holding at Cape Town, South Africa.

A final investment decision is the final point in an energy project, in which the company or partners owning and operating a project give the final approval for the development, releasing the funding for the commencement. Ogbe stated that the FID Week, if adopted, could be incorporated into the existing annual international oil and gas conferences and would feature international and indigenous operating companies.

He posited that dedicating a week every year for FID signing could compel companies and relevant regulators to fast-track their processes to meet the deadline.

He also indicated that the proposal for the annual FID Week has already been broached to Special Adviser on Energy to President, Mrs. Olu Verheijen and the leadership of the Nigerian National Petroleum Company Limited and international operating companies and was being considered.Represented at the African Energy Week (AEW) by the Director, Projects Certification and Authorization Division (PCAD) Engr. Abayomi Bamidele, the NCDMB boss said the proposal for an annual FID Week was geared to address the insufficient FIDs signed by the operating companies and the limited number of new projects being developed in the Nigerian oil and gas industry.

These worrisome developments contributed to Nigeria’s dwindling crude oil production and the negative impact on revenue, he said.

He suggested that the Nigerian oil and gas industry needed to have at least one or two final investment decisions on major projects to be signed every year, to catalyze activity in the local service sector and the national economy and ultimately increase crude oil and gas production and revenue for the country.

He made reference to the three Presidential Directives (PDs) rolled out by President Bola Ahmed Tinubu in March 2024, for the oil and gas industry, stating that NCDMB had complied fully with the directives as it relates to fast-tracking the contracting cycle and eliminating middlemen with no demonstrable capacity from participating in the oil and gas value chain.

The PDs included Presidential Directive on Local Content Compliance, Presidential Directive on Reduction of Petroleum Sector Contracting Cost and Timelines and Presidential Directive on Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc)Ogbe announced that NCDMB had applied the Presidential Directives in approving five oil and gas projects which are currently in the funnel.

He hinted that the expected production values of those projects are 1 billion standard cubic feet of gas per day and 350,000 barrels of crude oil per day.

Commenting on strategies that would ensure sustainable local content development in African nations, the Executive Secretary stated that local content has to be promoted as a national agenda and supported by all institutions, businesses, decision makers, investors and citizens.

Some other personnel of the NCDMB made presentations at the 2024 edition of the African Energy Week (AEW) on core operations and initiatives of the agency. The officials included Director of Finance and Personnel Management, Mr. Ifeanyi Ukoha, the Manager, Institutional Strengthening, Engr. Obongo Dokubo and the Supervisor Upstream, Engr. Bashir Ahmed. Corporate Communications.

OIL AND GAS

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

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NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters Energy Limited, Port Harcourt, Rivers State.

Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe leading top oil & gas stakeholders on a facility visit to Brightwaters Energy in Port Harcourt on the 29th of January, 2025.

The tour to the company’s facilities at Choba, Port Harcourt, and Emohua in Emohua Local Government Area of Rivers State was a follow up to the NCDMB’s boss earlier visit to the company and some pipe coating facilities in May 2024.

At that visit he pledged the Board’s support for local service companies, giving them opportunities in the oil and gas industry and creating jobs in the economy.
The latest visit was to assess Brightwaters Energy’s upgrade of its technical capabilities, which would position them for upcoming industry projects.


Speaking ahead at the visit, Engr. Ogbe conveyed the Board’s determination to ensure that capabilities of local oil and gas service companies are known and adequately utilised by operating companies in the industry to boost local content and provide employment, in line with the economic aspirations of President Bola Ahmed Tinubu’s administration.


He recalled that Brightwaters had performed well in the execution of projects in the exploration and production segment of the industry over the years with a clientele that included SPDC and Chevron Nigeria Limited, among other major oil and gas operators.

He was convinced that the company has the capacity required for key scopes in upcoming industry projects.


He charged operating oil and gas companies to always support qualified service companies, while ensuring that the best quality service is delivered at all times and on schedule.


In opening remarks at the event, the Community and Corporate Affairs Manager of Brightwaters, Mr. Solomon Aluge, confirmed that the firm had been engaging the team from SPDC and was equipped to carry out heavy or light fabrication works.

He indicated that Brightwaters has carried out many onshore and offshore pipeline engineering and installation works for various clients.


Elaborating on the scope of operations of his company in the oil and gas sector, he pointed out that Brightwaters is “mobilizing for Chevron and Tulcan pipeline works” at the moment.


Earlier in welcome remarks, the Chief Executive Officer of Brightwaters, Mr. Scott Gregory, expressed happiness at the presence of the Executive Secretary, Engr. Ogbe, and the representatives of SPDC at the meeting, assuring all that the company has enormous capabilities for services in the oil and gas industry.


He provided technical details of a number of projects executed by the company offshore and onshore in its many years of operation in Nigeria, noting that some of the upcoming field projects were well within the company’s competencies.


Among key facilities visited in the tour were a blast furnace, where the process of smelting was demonstrated with hot compressed air being blasted into a furnace from below, and a multipurpose offshore construction vessel known as Sea Horizon Derrick Lay Barge, with a heavy-lift capacity of 1,320 tons.


Marine construction activities performed by the vessel, according to the company, include “installation of rigid and flexible pipelines, risers and umbilicals [flexible hoses that connect surface equipment to subsea equipment].”


In his comments after the facility tour, the General Manager Local Content Shell, Mr. Lanre Olawuyi conveyed the company’s good impressions with the facilities and capabilities of Brightwaters Energy.

He affirmed that the technical teams would review their reports and take decisions how to engage the company in some of their upcoming projects. He expressed delight that the company had upgraded its facilities since the last visit in May 2024, and expressed hope that facility would attract more patronage from the oil industry so it would bounce back to its former glory.


On the entourage of the Executive Secretary were the Director, Project Certification and Authorisation Division (PCAD), Engr. Abayomi Bamidele, Deputy Manager, Corporate Communications and Zonal Coordination, Dr. Obinna Ezeobi, a technical staff in the Executive Secretary’s office, Mr. Ilu Ozekhome.

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OIL AND GAS

BUA, NNPC COMMENCE DEVELOPMENT IN AJAOKUTA

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

BUA has commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant with a groundbreaking ceremony held today at Ajaokuta, Kogi State.

L-R: Nasir Giwa, Refinery Coordinator, BUA Refinery & Petrochemicals Ltd.; Ahmed Usman Ododo, Executive Governor, Kogi State; Dr. Aliyu Idi Hong, Government Relations, BUA Group; Rt. Hon. Ekperikpo Ekpo, Honourable Minister of State for Petroleum Resources (Gas); Chief Pius Akinyelure, Chairman, NNPC Board; and Prince Shuaibu Abubakar Audu, Honourable Minister of Steel Devt. during the groundbreaking ceremony.

Present at the event is the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu, with the Kogi State Governor, Ahmed Usman Ododo; Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo; NNPC Board Chairman, Chief Pius Akinyelure; GCEO NNPC, Mele Kyari; Authority Executive of NMDPRA, Engr. Farook Ahmed and other eminent dignitaries including various stakeholders.

Speaking at the event, the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu said in his speech: “This LNG plant, which we are doing the groundbreaking today, also embodies that spirit. Upon completion, it will ensure that BUA’s captive power plants are provided with much-needed gas with limited supply downtime, thus enhancing our production and manufacturing capacity while positioning BUA to be fully integrated into the value chain of our energy supply operations”.

He stated that the project is a win-win for Nigeria and is in line with President Bola Tinubu’s vision and promoting gas usage for cleaner energy. NNPC will provide critical gas feedstock for a 10% stake in the plant, and BUA will provide 100% financing while driving execution. This is a testament that public-private partnerships under the right government policies can deliver transformative results.

The BUA LNG plant will ensure cost efficiency, supply stability, and sustainability for BUA’s operations while reinforcing Nigeria’s industrial future. Covering a land area of about 16 hectares, it will primarily serve BUA’s captive power plants across its manufacturing businesses in Nigeria and provide gas for other uses within the country. This is geared towards operational efficiency in alignment with the national energy transition initiative.

The GCEO NNPC, Mele K. Kyari, in his speech stated that it is rightly timed to have these 5 mini-LNG plants in Kogi State of which BUA LNG is one, considering its strategic location at the crossroads of Nigeria’s North and South, in Ajaokuta, Kogi State.

The signing ceremony for the project, which held within the week at NGML headquarters in Abuja, was attended by BUA’s Group Executive Director, Kabiru Rabiu, Chief Legal Officer, Oluseye Alayande, and NGML’s leadership team led by Justin Ezeala.

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OIL AND GAS

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

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NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters Energy Limited, Port Harcourt, Rivers State.

Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe leading top oil & gas stakeholders on a facility visit to Brightwaters Energy in Port Harcourt on the 29th of January, 2025.

The tour to the company’s facilities at Choba, Port Harcourt, and Emohua in Emohua Local Government Area of Rivers State was a follow up to the NCDMB’s boss earlier visit to the company and some pipe coating facilities in May 2024.

At that visit he pledged the Board’s support for local service companies, giving them opportunities in the oil and gas industry and creating jobs in the economy.


The latest visit was to assess Brightwaters Energy’s upgrade of its technical capabilities, which would position them for upcoming industry projects.
Speaking ahead at the visit, Engr. Ogbe conveyed the Board’s determination to ensure that capabilities of local oil and gas service companies are known and adequately utilised by operating companies in the industry to boost local content and provide employment, in line with the economic aspirations of President Bola Ahmed Tinubu’s administration.


He recalled that Brightwaters had performed well in the execution of projects in the exploration and production segment of the industry over the years with a clientele that included SPDC and Chevron Nigeria Limited, among other major oil and gas operators.

He was convinced that the company has the capacity required for key scopes in upcoming industry projects.


He charged operating oil and gas companies to always support qualified service companies, while ensuring that the best quality service is delivered at all times and on schedule.


In opening remarks at the event, the Community and Corporate Affairs Manager of Brightwaters, Mr. Solomon Aluge, confirmed that the firm had been engaging the team from SPDC and was equipped to carry out heavy or light fabrication works.

He indicated that Brightwaters has carried out many onshore and offshore pipeline engineering and installation works for various clients.


Elaborating on the scope of operations of his company in the oil and gas sector, he pointed out that Brightwaters is “mobilizing for Chevron and Tulcan pipeline works” at the moment.


Earlier in welcome remarks, the Chief Executive Officer of Brightwaters, Mr. Scott Gregory, expressed happiness at the presence of the Executive Secretary, Engr. Ogbe, and the representatives of SPDC at the meeting, assuring all that the company has enormous capabilities for services in the oil and gas industry.


He provided technical details of a number of projects executed by the company offshore and onshore in its many years of operation in Nigeria, noting that some of the upcoming field projects were well within the company’s competencies.


Among key facilities visited in the tour were a blast furnace, where the process of smelting was demonstrated with hot compressed air being blasted into a furnace from below, and a multipurpose offshore construction vessel known as Sea Horizon Derrick Lay Barge, with a heavy-lift capacity of 1,320 tons.


Marine construction activities performed by the vessel, according to the company, include “installation of rigid and flexible pipelines, risers and umbilicals [flexible hoses that connect surface equipment to subsea equipment].”


In his comments after the facility tour, the General Manager Local Content Shell, Mr. Lanre Olawuyi conveyed the company’s good impressions with the facilities and capabilities of Brightwaters Energy.

He affirmed that the technical teams would review their reports and take decisions how to engage the company in some of their upcoming projects.

He expressed delight that the company had upgraded its facilities since the last visit in May 2024, and expressed hope that facility would attract more patronage from the oil industry so it would bounce back to its former glory.


On the entourage of the Executive Secretary were the Director, Project Certification and Authorisation Division (PCAD), Engr. Abayomi Bamidele, Deputy Manager, Corporate Communications and Zonal Coordination, Dr. Obinna Ezeobi, a technical staff in the Executive Secretary’s office, Mr. Ilu Ozekhome.

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