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...
Akinola Ajibade
An end to pipeline vandalism and crude oil thefts is in sight, if the plans by the Nigerian National Petroleum Company Limited and the Petroleum Training Institute(PTI) to install anti-theft integrated monitoring systems on pipelines to monitor the facilities against crude oil theft in the country is anything to go by.
The Goup Chief Executive Officer, NNPC Limited, Mallam Mele Kyarid disclosed this yesterday, at the Petroleum Training Institute’s 50th Anniversary in Abuja.
According to him, both organisations are already in talks to partner on a number of things including expansion of capabilities in the areas of modern technology, energy transition, pipeline protection among others.
He said the oil company was pleased to hear what the institute had done in terms of pipeline monitoring,adding that the NNPC would work with the institute to deploy the technology to further boost the monitoring its pipelines to address crude oil theft in Nigeria.
Kyari added:”We need to produce oil and gas. We are trying to address the massive oil theft. We will overcome it, but clearly it is something we also need to work together to resolve.That is why I’m happy to hear the PTI coming up with solutions that will be able to monitor pipelines.”
He hinted the NNPC was collaborating with security agencies of the Federal Government to arrest and deter people from having access to Nigeria’s crude.
“On additional capacity for detection, we will talk with the PTI to see how we can activate those systems,” Kyari stated.
On why energy was vital for Nigeria, the NNPC boss noted that millions of Nigerians were still lacking electricity and clean cooking fuel.
In his remarks,the Principal/Chief Executive, PTI, Henry Adimula, said that institute had developed an oil anti-theft integrated monitoring system to effectively monitor pipelines.
He added;”We’ve produced an oil anti-theft integrated monitoring system for pipeline monitoring, and an air quality monitoring systems”
The PTI boss explained that the primary objective of the founding fathers was to train Nigerian National in order to increase the local content in the oil and gas sector.
He added that the Institute also is engaged in research to improve the growth and development of the sector.
According to him, “in the country today over 50,000 technologists and Technicians have been trained and they are of very good use to the oil and gas industry, which have reduced the rush to train offshore personnel, however, the ultimate goal is to end the training of personnel outside the country.
“Several of the oil company workers and owners in the industry have been trained in the Institute and that underscored the contribution to the local content of the PTI, which have indeed fulfilled the dream of the founding fathers that established the Institution.”
He also said that plan is in the offing to deepen capacity building and growth of of the sector through research and development of the PTI. He added that the Institute wants to build dive center of excellence in order to take Nigerian divers to international standards.
He stated that the Institute opened fire fighters academy that would partner with Nigerian Navy and Fire service operators to support the efforts of the federal government.
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