Friday, 4 June 2021
DPR denies affiliation with company soliciting for adverts for 50th anniversary
Saturday, 29 May 2021
DPR issues award letters to successful marginal field investors May 31
The Department of Petroleum Resources (DPR) says it has concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme.
The DPR said the letters would be issued at an award ceremony scheduled to hold in Abuja on May 31.
Mr Paul Osu, Head, Public Affairs, DPR, made the announcement in a statement on Saturday in Lagos.
The News Agency of Nigeria (NAN) reports that a marginal field is any field that has reserves booked and reported annually to the DPR and has remained unproduced for a period of over 10 years.
Osu said the successful investors who would be receiving their award letters were companies that had fully satisfied all requirements listed in the marginal field bid round guidelines.
He said this included full payment of signature bonuses within the specified time frame.
Osu said the DPR would continue to provide transparent regulatory oversight for the oil and gas industry to enable business and create opportunities for investors.
NAN recalls that over 600 companies had applied to be pre-qualified for the bid rounds which began on June 1, 2020.
The DPR said the objective was to deepen indigenous participation in the oil and gas industry as well as add to the country’s production and reserve.
According to the regulatory agency, the marginal field bid round programme is also geared to provide technical and financial partnerships for investors. (NAN)
Ikeja Electric distributes free educational materials to mark Children’s Day.
Wednesday, 26 May 2021
EKEDC Partners with LASG, NDPHC for Electricity Supply Improvement, Signs MoU
Governor of Lagos State, Babajide Sanwoolu (Middle); Managing Director/CEO of EKEDC, Adeoye Fadeyibi (Third right); Directors of EKEDC, Dere Otubu and George Etomi (Second and Far Right); Managing Director/CEO of NDPHC, Chiedu Ugbo (Third Left); Executive Director, Legal Service of NDPHC, Mohammed Mahmud (Second Left); Commissioner for Energy and Mineral Resources, Olalere Odusote (Far Left) at the signing of the Memorandum of Understanding (MoU) to improve electricity supply in Lagos State on Tuesday ,May 25, 2021 at Lagos House, Marina.
Monday, 17 May 2021
DPR says alternative dispute resolution centre has successfully resolved first case
Eko DisCo embarks on capital projects for improved service delivery
Eko Electricity Distribution Company (EKEDC) says it has begun the execution of its capital projects for the 2021 business year for improved service delivery to its customers.
Mr Godwin Idemudia, General Manager, Corporate Communications, EKEDC, disclosed this in a statement in Lagos State on Monday.
The News Agency of Nigeria (NAN) reports that the Nigerian Electricity Regulatory Commission (NERC) recently approved the sum of N93.76 billion as the Distribution Companies Capital Expenditure (CAPEX) for 2021.
Idemudia said the projects included the construction, reconstruction, rehabilitation, and maintenance of installations across its distribution network.
He stated that the projects, once completed, would help the company to improve its network, increase reliability and quality of supply.
According to him, it will allow flexibility for evacuation of additional power, address safety issues and relieve overloaded transformers and substations.
Idemudia said some of the projects included the construction and rehabilitation of eight injection substations.
He said: “The projects that fall under this category include the upgrade of Keffi substation, reactivation of NTDA injection substation, Ajah, upgrade of Ajah Local substation and construction of a new Surulere injection substation.
“It also includes upgrade of Trade Fair injection substation, construction of Olugborogun injection substation, Lekki, replacement of failed power transformer at Agbara Injection substation, upgrade of Agungi station for higher capacity.”
Idemudia noted that EKEDC was also projecting to procure 217 500KVA transformers which would be distributed across its 10 districts.
“During the same period, the company has also committed to the construction of five new 33kv feeders that will cut across areas.
Areas such as Surulere, festac, Ojo and Lekki, while 24 33kv feeders at Ikoyi, Lekki, Ibeju, Elemoro, Eleko, Apapa, Orile, FESTAC and Agbara will be rehabilitated.
“About five new 11kv feeders are expected to be deployed to Lekki, Ajah and Ojo to relieve overloaded feeders, while a total of 167 11kv feeder will be rehabilitated across our distribution network,” he said.
Idemudia explained that the implementation of the projects was a demonstration of the company’s commitment to service excellence and fulfil its promise of reliable and consistent supply to its customers. (NAN)
Tuesday, 11 May 2021
DPR pledges support for 1st floating LNG production plant project
The Department of Petroleum Resources (DPR) has pledged support to the hitch-free completion of Nigeria’s first floating Liquefied Natural Gas (LNG) production plant.
Mr Sarki Auwalu, Director, DPR gave the assurance at the online contract signing of an agreement by an indigenous oil and gas company, UTM Offshore Limited and its partners on the project on Tuesday.
The News Agency of Nigeria (NAN) reports that the pre-front end engineering design (Pre-Feed) agreement was signed between UTM and JGC Corporation (UK) Limited.
UTM also signed a contract with KBR Engineering Company for the third-party review of the Pre-Feed deliverables from JGC.
Auwalu said that the DPR had in February, issued a Licence to Establish (LTE) to UTM for the project and that it is expected to be completed in 2025.
He said that the project was in line with the vision of the Federal Government to transform Nigeria into a gas-based economy by 2030.
He noted that the declaration of 2021 – 2030, by President Muhammadu Buhari as the decade of gas, was becoming a solid reality with the commencement of preliminary engineering of this LNG project.
He said the DPR, under the leadership of the Minister of Petroleum Resources, had continued to implement policy and regulatory reforms driven by a commitment to attract investments.
According to him, the reforms will also
create value and improve the contributions of the oil and gas sector to Nigeria’s Gross Domestic Product (GDP).
“The DPR will continue to provide opportunities and enable the businesses of promoters and investors in the oil and gas industry for the economic growth, stability and sustainability of Nigerian and for the mutual benefit of all investors and industry participants.
“Our licences, permits and approvals will continue to serve as stimulants for
value addition and enablers of development.
“Please be assured of the Department’s
unflagging support to see you through the successful execution of this landmark project in a safe, cost-effective and timeline manner,’’ Auwalu said.
He added that the DPR would ensure adherence
to laws and regulations, all in a bid to ensure successful development and optimum return on
investment.
The director also called on industry stakeholders to take advantage of the recently inaugurated National Oil and Gas Excellence Centre to promote safety, value and cost efficiency in the sector.
On his part, the Managing Director of UTM Offshore Ltd, Mr Julius Rone, thanked Muhammadu Buhari’s administration for creating an enabling environment for indigenous oil and gas companies to thrive.
Rone expressed optimism that the project would be completed within the stipulated time frame.
He noted that the plant, when operational, would be processing 176MMcfd natural gas and condensate.
He said that it would help create job opportunities for Nigerians and boost the country’s economy.