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 Favour Ifeoluwa & Akinola Ajibade
Shall Gas Limited (SNG) will continue to collaborate with manufacturers and other stakeholders in the industry in order to find lasting solution to current challenges facing the supply of domestic gas to them, its Managing Director, Mr. Ralph Gbobo, has said.
He said this during in Lagos during the manufacturing equipment and raw material expo, organized by the Manufacturers Association of Nigeria( MAN) recently.
According to him, the company's commitment to provide manufacturing and industrial customers with clean, reliable, low-cost alternative to liquid fuel is strong, adding that the firm is ready to assist in building a stronger Nigerian economy.
He said:”Immediate implementation, at zero cost to government, of initiatives such as enforcing discipline and transparency in the gas transportation network operation, enforcing contractual terms across the gas value chain and implementing the Network Code, and enforcement of gas system balancing, are proposals that would provide the critical foundation for other (medium and long term) solutions.”
“Solutions that include upgrading existing transportation infrastructure, completing critical gas pipelines and network interconnectivity, promoting a willing-buyer/willing-seller marketplace, setting globally competitive fiscals for gas, and improving regulator efficiency and effectiveness,” he said.
While providing insights into Nigeria’s gas market, Gbobo said the market faces challenges that include limited processing and transportation infrastructure, inadequate measurement and control systems, non-implementation of the Petroleum Industry Act (PIA) & Network Code, lack of transparency in gas injections and offtake, and non-enforcement of gas system balancing.
He reaffirmed Shell’s commitment to Federal Government of Nigeria’s ‘Decade of Gas’ ambition to increase domestic gas consumption and boost gas-based industrialization; as well as to the full implementation of the Gas Transportation Network Code and the upcoming SNG Bypass Project, expected to come online in Q1 of 2024.
He emphasized that, “With gas, the industry is driving industrialization, providing employment and improving internally generated revenues in the states where we operate.” 0
He noted that Shell Nigeria Gas Limited (SNG) has built and is operating extensive distribution network spanning over 150 kilometers, currently supplying gas to over 130 manufacturing and industrial customers in Abia, Ogun and Rivers States. The gas distribution infrastructure in Ogun State is underpinned by SNG’s strategic partnership with NNPC Gas Marketing Limited (NGML), which has enabled the establishment of a robust distribution network in the Agbara/Ota area,” he said.
He said, “Similar partnership with the Oyo State Government, for the acceleration of domestic gas infrastructure development to enable distribution of cleaner and more reliable energy to industries in the state, and another in Bayelsa State, involving an agreement with the Nigerian Content Development and Monitoring Board (NCDMB) to provide gas infrastructure to the NCDMB industrial gas park in Polaku, with estimated potential employment opportunities exceeding 30,000, are some of other deliberate decisions we have taken at Shell for Nigeria’s domestic gas market.”
At the Expo hosted by the MAN in Lagos, Shell Nigeria Gas received commendation from MAN leadership for its contributions to bridging the energy gap and supporting the ‘Decade of Gas’ ambition. The company was also recognized as the most innovative exhibitor at the
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