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OIL & GAS

Nigeria, Qatar Gas Cooperation To Pave Way For Global Clean Energy, Says Tuggar

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Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has called for collaboration between Nigeria and Qatar to promote gas diplomacy, energy transition away from nonrenewable energy, and highlighted the key benefits of Nigeria-Qatari relations for Africa and the global gas sectors.

He made the call while delivering a lecture at the Doha Diplomatic Institute on Thursday on the sidelines of President Bola Tinubu’s official visit to the State of Qatar.

The Minister said both Qatar and Nigeria are blessed with hydrocarbon deposits that place them at the centre of the new energy equation. He also stated that while Qatar has the world’s third largest gas reserves and Nigeria is best known as Africa’s largest oil producer, it is primarily a gas province with a small amount of oil. “We are sitting on reserves of 208TCF. We use our reserves to develop our economies – and are confident that we can also develop partnerships that will support the process of transition.”

Amb. Tuggar further stated that it is incumbent on gas-rich countries like Qatar and Nigeria to make a case for gas as a cleaner alternative and transition fuel fit for human use while also adding that “Nigeria requires a partner such as Qatar that shares a similar epistemology of gas as a resource for human utility to develop its gas assets further and expand market share for the benefit of both countries.” He also enthused that “Nigeria can help Europe and other industrial economies to diversify their sources of energy supply. In turn, a more stable market creates more stable prices, and a more stable platform for economic growth, improved living standards and new opportunities.”

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The Minister also stated that Nigeria currently has a 6-train LNG with a nameplate capacity of 22MTPA, with an 8MTPA 7th train under construction and another 8th train planned for the near future. Nigeria also has two additional LNG projects that have reached advanced planning stages; Olokola (OK LNG) and Brass LNG. Opportunities for quick Floating LNG projects also abound. But even before that, 150km from Nigeria lies Equatorial Guinea’s Bioko Island LNG, fresh out of gas supplies and ready to take in feedstock from Nigeria.

The Minister said that beyond the LNG, “Nigeria has two major gas pipeline projects with the potential of delivering gas to Europe currently underway- The Trans-Saharan Gas Pipeline through Algeria can potentially deliver a conservative 2 billion scf/d while the 7,000km Nigeria-Morocco Gas Pipeline seeks to join the Maghreb-European Pipeline (MEP) with a capacity of 30 billion cubic metres/day.”

He added that all of these projects provide huge opportunities for Qatar to partner with Nigeria to enter into new markets for gas in Africa and beyond, noting that: “Qatar possesses the requisite big-ticket experience in negotiating complex international business deals as well as the interlocutory mediation skills for the diplomacy required to pull off a Nigeria-Morocco pipeline, where over 15 countries would be involved.

He said the kind of political and economic partnership that is needed to develop such a complex project can be the foundation for a new diplomatic order in the region. He said: “A partnership that further brings us together and can provide new incentives to mitigate or minimize some of the challenges that we have faced, for example in recent months over the faltering of democracy in parts of the region. ,

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OIL & GAS

NNPC, First E&P Achieve 20,000bpd Production At OML 85

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NNPC boss, Mele Kyari

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have begun producing oil from the asset known as Madu Field.

 

The field, located in shallow waters offshore Bayelsa State and operated by First E&P, is expected to produce an average of 20,000 barrels per day.

 

The achievement demonstrates the President Bola Tinubu administration’s commitment to optimising production from the country’s oil and gas assets by creating an enabling environment for existing and prospective investors.

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Speaking about the development, NNPC Ltd’s Group Chief Executive Officer, Mr Mele Kyari, described the start of oil production at the Madu Field as a significant milestone that will contribute to the larger goal of meeting the production required to drive revenue growth and boost the country’s economy.

 

Kyari praised stakeholders for their support and explained that the addition of 20,000 barrels per day by an indigenous oil player demonstrates stakeholders’ commitment to Nigeria’s economic development.

 

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The NNPC Ltd/First E&P JV made the Final Investment Decision (FID) on the development of the Madu Field and its sister field, Anyala, in 2018.

 

The Madu Field’s production will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading (FPSO) Unit, which can store up to 800,000 barrels of crude oil.

 

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Nigerian Government Plans to Restore Crude Production to 1.7 Million Barrels Per Day

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The Nigerian Government has stated that efforts are underway to restore Nigeria’s oil production, including condensate, to 1.7 million barrels per day.

Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), assured in response to recent concerns about a shortfall in Nigerian oil production in the first quarter of 2024.

According to a statement from Nneamaka Okafor, Special Assistant, Media and Communications, to the Minister, Sen. Lokpobiri, measures are being taken to address the situation and not only restore but also increase production.

The minister clarifies that the reported production shortfall was primarily caused by issues encountered on the Trans Niger Pipeline, as well as maintenance activities carried out by some Nigerian oil companies.

The Minister is also pleased to announce that the issues have been adequately addressed, and that production is expected to resume at previous levels in the coming days.

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He expects Nigeria’s oil production, including condensate, to be restored soon, having been around 1.7 million barrels per day (bpd) before these developments.

Furthermore, the Ministry of Petroleum Resources is actively involved in policy development aimed at maximising the utilisation of all available wells in Nigeria.

This strategic approach will allow the country to increase production, generating vital revenue to maintain the country’s foreign exchange reserves.

Increased revenue will also allow the government to meet its commitments to provide essential infrastructure, as outlined in the 2024 budget.

The Minister also expresses renewed optimism as Nigeria navigates these challenges, urging everyone to remain committed to ensuring the long-term viability and growth of Nigeria’s oil sector, which is critical to the country’s economy.

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Petroleum Engineers Call For Collaborative Efforts To Address Nigeria’s Energy Sector Challenges

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Oil Minister, Lokpobiri

The Society of Petroleum Engineers (SPE) Nigerian Council has called for collaborative efforts to address the challenges and opportunities facing Nigeria’s energy sector.

Salahuddin Tahir, Chairman of the Society of Petroleum Engineers (SPE), Nigerian Council, gave an inspiring speech at the Oloibiri Lecture Series and Energy Forum (OLEF) opening ceremony in 2024.

He emphasised the importance of working together to address Nigeria’s energy sector challenges, as well as the role of the Oloibiri Lecture and Energy Forum (OLEF) Series as a beacon of knowledge, innovation, and progress in the industry.

“This year’s forum focuses on the theme of Stability in the Nigerian Energy Sector: Integrated Strategies for Infrastructure, Transportation, and Security, emphasising the importance of collaborative efforts to address challenges and capitalise on opportunities in Nigeria’s dynamic energy landscape,” said Salahuddin Tahir, Chairman of the SPE Nigerian Council.

“The stability of the energy sector is critical to sustaining economic growth, ensuring national security, and promoting environmental sustainability,” Tahir stated.

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Mr Tahir also used the occasion to express the SPE Nigerian Council’s support for the country’s bid to host the African Energy Bank’s headquarters, citing Nigeria’s potential and leadership in the energy sector.

In his keynote speech, Mr Mele Kolo Kyari, Group Chief Executive Officer of NNPC Limited, emphasised the critical importance of closing the energy access gap to create economic prosperity in the country. To address Nigeria’s energy access gap, Kyari stated that NNPC Ltd was developing the infrastructure required to deliver oil and gas and drive prosperity for Nigerians.

“We are committed to developing gas infrastructure across the country,” Kyari said, emphasising that the company’s commitment was more than just a statutory requirement under the Petroleum Industry Act, but also a pledge to ensure energy security beyond fuel supply.

“We are committed to investing in critical infrastructure to boost economic growth by supplying gas to the domestic market, with a target of at least 8 billion cubic metres,” Kyari said.

In his address, Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), represented by Engr. Busari Kamoru stated that the federal government has identified transport, infrastructure, and security as key priority areas in addressing the sector’s energy deficit, as these will bring about stability, growth, and the sustenance of a better energy sector.

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“Nigeria has the potential to transition to a more sustainable energy future by improving key infrastructure, transportation, and security, as well as embracing research and innovation in renewable energy and fostering collaboration among various stakeholders,” Lokpobiri stated.

In his State of the Industry address, Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), represented by Mrs. Oluremi Komolafe, stated that the shift to gas is not only an option but also a necessity for Nigeria’s economic resilience.

“Our enormous gas resources provide a unique opportunity to diversify our revenue streams and reduce reliance on oil, resulting in a more robust and sustainable economic foundation,” Ekpo stated.

The Society of Petroleum Engineers (SPE) Nigeria Council is a non-profit professional organisation that promotes the petroleum engineering profession and disseminates technical knowledge in the oil and gas industry. The Oloibiri Lecture Series and Energy Forum (SPE OLEF) commemorates the first commercial oil discovery in Nigeria by Shell D’Arcy in 1956 at Oloibiri, Bayelsa State.

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