A Review of the Nigerian Energy Industry

Good HSE critical to profitability – NNPC GMD

NNPC GMD Andy Yakubu*Assure on petroleum supply for Yuletide season

Oscarline Onwuemenyi

21 November 2013, Sweetcrude, ABUJA – Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu has noted that global trend in the oil and gas industry has showed that good health, safety and environmental system is critical to the success and profitability of any oil company.

Yakubu who spoke in Abuja at the beginning of the 2013 HSE week for NNPC, also assured the public of adequate supply of petroleum products to last throughout the Christmas season and beyond.

According to him, “The hallmark of the oil and gas industry is predicated on the best compliance of HSE standards. Current industry trends confirm that HSE compliance is increasingly gaining attention worldwide. The need for proper HSE standard in the petroleum industry is gaining ground across the world.

“HSE has become a powerful tool and vital driver towards business sustainability, higher productivity, risk mitigation and control as well as hazard minimisation that promote sustainable development of future generation. As the nation’s dominant player in the oil and gas industry, NNPC must continue to focus on HSE compliance to safeguard our human and material assets.

“The theme of this year’s HSE weeks is a call for us to reflect on our HSE performance, identify the gaps and develop clear cut strategy towards continuous improvement and sustainable development”.

Yakubu who unveiled a new firefighting vehicle with the capacity to tackle emergency up to the 60m high, noted that NNPC is building so many sophisticated structures to carry out its oil and gas exploration activities.

“It is our commitment to ensure that the best HSE practice, and the practice include human capacity, state of the art equipment such as this to ensure that we are combat ready at any time to handle emergency because we are working in a high risk environment”, he added.

He said the vehicle will “not be limited to the use of NNPC alone, we do not pray for emergency, but when it comes, of course we are available to support the fire service to combat the emergency situation as part of our corporate social responsibility”.

Ahead of the festive season, Yakubu urged Nigerians to shun panic buying of petroleum products as the corporation has in stock large quantity of Premium Motor Spirit (petrol) to cover the season and into the New Year.

“We are very prepared, we have more than enough stock as we speak we have over 35 days stock and between now and Christmas even if we do not bring at all, we have more than enough to go round the country.

“Let me cease this opportunity to call on all Nigerians not to panic, we are properly positioned in terms of stock and our various distribution outlets to support distribution of the product” he stated.

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