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Kachikwu to x-ray oil and gas investment opportunities at NCDMB forum

Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has been confirmed as lead discussant on the available and emerging investment opportunities in the Nigerian Oil and Gas Industry, at the forthcoming Nigerian Oil and Gas Opportunity Fair (NOGOF).

Kachikwu is to play a lead role in the discussions at the forum on the values of stake holder’s investment in the oil and gas industry, according to a Leadership report.

The Minster’s participation was confirmed by the executive secretary of NCDMB, Engr. Simbi Wabote. The event is scheduled to hold on April 4-5 2019, at the new headquarters of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State.

One of the major roles of the NCDMB is to establish, maintain and operate the Joint Qualification System (NOGICJQS), in conjunction with industry stake holders

Wabote also disclosed that the group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru and chief executives of the international operating companies are also expected at the event themed “Maximizing Investments into the Nigerian oil and gas”.

Wabote added that “it is important for the investors and other stakeholders to have a line of sight to projects opportunities in the funnel so they can position themselves for the desired growth.’’

According to him, NOGOF forum is  to share information about available opportunities to investors who had established fabrication yards, engineering houses, pipe mills, pipe coating yards, cable manufacturing and other facilities since the implementation of the Nigerian Content Act in 2010.

700 bid for FG’s Gas flare-out scheme – Report

A status report on the progress of the Nigerian Gas Flare Commercialisation Programme (NGFCP), a new programme initiated by the Federal Government to commercialise flared gas in oil fields in the Niger Delta, has indicated that so far over 700 interested parties have registered on the NGFCP portal to bid and jostle for approximately 178 gas flare sites spread across the region.

According to ThisDay, a recent statement obtained from the secretariat of the NGFCP in Abuja noted that the programme has continued to gain immense traction. It also stated that the date set for submission of statement of qualification has been shifted to accommodate more bids.

“As at today, over 700 plus interested parties have registered on the NGFCP portal to bid and jostle for the approximately 178 gas flare sites spread across Nigeria’s Niger Delta region.

“After the close of the submission of the SOQs’ (Statement of Qualification), there will be an opening ceremony for the SOQs’ after which the Proposals Evaluation Committee (PEC) duly constituted by the minister of state, petroleum resources for the purpose of evaluating the SOQs presented by the applicants to determine qualified applicant status and evaluating the proposals to determine those applicants whether they have been awarded the Qualified Applicant (QA) status,” said the statement.

Stating how the submitted bid would be evaluated, the statement noted that: “A list of the selected qualified applicants will be published on the NGFCP Portal. Only QAs will be issued the Request for Proposal (RfP) package. The PEC will carry out an evaluation of the technical and commercial proposal on a strictly pass/fail basis. The financial proposals will be opened only for those bidders whose technical and commercial proposals have passed.”

It explained that the new date for submission of SOQ was still February 28, 2019, having moved it from the initial submission date of January 20, 2019. It added that the date would likely not be extended any further.

According to the statement, a recent meeting of the NGFCP steering committee was held at the instance of Kachikwu, where he stated that while ultimate ownership of the NGFCP rests with the Department of Petroleum Resources (DPR), the programme was still in its design phase and as such still resides with the ministry until the conclusion of the first auction round.

FG working to phase out gas flaring, says Baru

*Gas processing plant commissioned in Delta

The Federal Government is working on a gradual phasing out of the gas flare era in the oil/ gas- rich Niger Delta Region.

It has also urged gas producing companies in the region to enhance its activities in other to be of value to the government in its strides to end the epidemic of gas flaring, by taking advantage of available gas processing plants around the region.

This was stated on Thursday by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, while speaking at the commissioning of the Egbaoma Gas Processing Plant in Ebedei community, Ukwani council area of Delta State.

According to the Nation, Baru added that with the operations of the Ebedei Processing Plants, the gas flare in the Umutu gas field should be out before the end of the year, mandating all gas producing companies in the Delta area to seize the opportunity now provided by PNG Gas Limited in the area and help crusade to end gas flaring in the country.

Commending the operators of the gas processing company; PNG Gas Limited for pioneering gas development efforts locally Dr. Baru said the federal government is aggressively pursuing an extension of domestic gas supply capacity to 5 BSCFD ( billion standard cubic feet per day ).

As part of the expansion project the NNPC boss notified that the gas pipline infrastructure network system is equally being expanded, adding that the Obifu – Obrikom to oven (OB3) gas pipeline a 2 BSCFD capacity pipeline, which is a project aimed at the creating a gas grid across the country, should be ready before the end of the year’s second quarter.

After the inspection and commissioning of the gas plant, Dr.  Baru in his address to journalist said “ my visit here is to reassure the investors here that the gas that is being flared will go into the OB3 and that this flare, God willing, before the end of this year will be out. “I am also encouraging the other producers who are flaring to connect their gas into this gas plant so that they can add value by processing it, removing the liquid that they can sell at a higher value and of course, putting out the flares and monetising lean gas.

“At this juncture, may I urge the operators whose assets are at close proximity to this plant and the OB3 pipeline to seize the opportunity presented by this gas plant to collaborate with PNG Gas limited to supply gas to maximise the plant’s capacity access and commercialise all existing flares and further develop the significant had reserves of ITcf in the area. I see this initiative as the beginning of an end to the last mile of gas flaring in Nigeria” he said.

The chairman and chief executive officer Owel- Linkso Group, promoters of PNG Gas limited, Engr. Charles Osezua in his welcome address stated that his company had invested about $60million in the Egbaoma Processing Plant, with capacity to process some 30 MSCFD of wet gas. In his statement he added that about 500 Nigerians have become commercial beneficiaries of the operations of the processing plants, while more than 500 homes are being serviced with the LPG place.