Oando Plc Favour Ifeoluwa & Akinola Ajibade Oando Plc says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc, Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
By Akinola Ajibade
The Federal Government is determined to end crude oil theft through the deployment of technology and additional security measures, the Minister of Information and Culture, Alhaji Lai Mohammed, has said.
The government, in a statement signed by his Special Assistant, Media) Mr Segun Adeyemi, (Media), said the Minister of Information and Culture, hinted this during a press briefing in Abuja yesterday ( Friday ) after the aerial surveillance of the Trans-Forcados oil pipeline in Rivers State.
According to him the government took the measures in order to achieve its desired objectives of tackling theft, adding that the continued campaign by the Government Security Agencies (GSAs) has led to the arrest of 210 suspects and confiscation of 20.2 million liters of AGO, 461.8 thousand liters of PMS, 843.6 thousand liters of DPK, and 383.5 thousand barrels of crude oil.
“An additional 365 illegal refining sites were destroyed, with about 1,054 refining ovens, 1,210 metal storage tanks, 838 dugout pits, and 346 reservoirs destroyed by the GSAs.We witnessed first hand a number of illegal refineries destroyed by our military in the course of our aerial surveillance,” he said.
He said many vehicles, crude mining and bunkering equipment, such as speed boats, wooden boats, trucks and tankers, have also been confiscated.
He also said private security contractors were also contracted to provide local intelligence on all illegal crude ventures happening within the region and security surveillance services for safe andseamless operations along the nation’s pipeline networks.
“The new security architecture leverages collaboration between the Upstream operators, Industry Regulators, Government Security Agencies (GSA), and Private Security Contractors (PSC),” he said.
Alhaji Mohammed said the NNPC Ltd. has now set up a Command and Control Centre for round-the-clock monitoring of petroleum operations and activities within the Nigerian Exclusive Economic Zone (EEZ), which ensures that all vessel movements within the Nigerian Exclusive Economic Zone are monitored.
“In addition, all ship-to-ship activities within the Nigerian EEZ are also monitored. Vessels without permits are flagged and escalated to
the Nigerian Navy for a prompt response. Production is also monitored end-to-end at the Command and Control Centre, from the wellhead to the export terminals,” he said.
He commended the foresight of the NNPC Ltd by investing heavily in deploying appropriate technology with capabilities beyond visual line of sight for continuous surveillance.
He said the investment in technology has become critical because the nefarious activities of vandals is causing Nigeria to lose
approximately 700,000 barrels of oil daily.
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