24 April 2014, Abuja – In its efforts to reduce the pressure on kerosene consumption, the Management of the Nigerian National Petroleum Corporation, NNPC, has concluded plans to increase the domestic consumption of the cooking gas across the country.
The Group Managing Director of NNPC, Engr. Andrew Yakubu, who revealed this while, delivering a key note address at the combined graduation ceremony of Chief Officers Management Development programme of batches 069 to 072 in Abuja, reiterated the Corporation’s commitment to revive cooking gas consumption in Nigeria.
He noted that as part of efforts to reduce the pressure on kerosene consumption, the NNPC is refocusing its strategy to encourage and aggressively grow the consumption of LPG which provides a cleaner and cheaper energy alternative.
According to him, “NNPC’s footprint in the domestic gas market has attained unprecedented growth. With the commissioning of the NPDC’s 100 million standard cubic feet of gas per day Oredo gas processing facilities and the acquisition of the new assets, NPDC is now the biggest producer and supplier of gas into the domestic market, contributing over 400 million standard cubic feet of gas per day.”
He stated that the Nigerian Petroleum Development Company, NPDC, is being repositioned to become a medium sized independent Exploration and Production Company with a production capacity of at least 250,000 barrels per day by the year 2015.
Engr. Yakubu said, “today, NPDC assets base has grown with the assignment of new oil mining leases stressing that the management under his watch is determined to further pursue new strategies to grow production to the target of 250,000 bpd by 2015 from the current level of 130,000bpd.
He said in line with the strategic direction to support the Federal Government to increase national crude oil reserve and producibility to 40 billion and 4 million barrels per day, there is aggressive exploration campaign in offshore, onshore and the inland basins of Chad, Anambra, Benue, Bida and Sokoto Dahomey.
“We are as well carrying out infield developments which have resulted in increased reserve and with the intensified approach, including the expedited action on new projects like Egina etc the reserve and production targets is realizable,” Engr. Yakubu affirmed.
The GMD revealed that over 1,000 square kilometres of seismic data have been acquired in the Chad Basin in spite of the security situation in Borno State.
Engr. Yakubu said revamping of the Corporation’s critical downstream facilities such as the refineries, depots, pipelines and jetties have remained the focus of the management stressing that these spirited efforts will ensure seamless supply and distribution of petroleum products nationwide.
He implored the graduands to deploy their expertise to enhance the efficiency of the Corporation stressing that integrity, accountability and transparency must be their watch word.
In his welcome address, the Group Executive Director Corporate Services, Dr. Dan Efebo reiterated the determination of the NNPC to the training and retraining of the workforce saying the members of staff remain the cornerstone of any business concern.
The COMDP was established 24 years ago by the Group Learning Department of the NNPC and has recorded a total of 3,521 participants so far. The programme is designed to impart managerial skills to members of staff who are promoted from senior staff cadre to management cadre.
– Chris Ochayi, Vanguard