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              Zambia applauds ADF’s impact on sustainable development

              Zambia applauds ADF’s impact on sustainable development

              Kenya kicks off Customer Service Week 2025 with ‘Mission: Possible’ theme

              Kenya kicks off Customer Service Week 2025 with ‘Mission: Possible’ theme

              Zimbabwe showcases tourism excellence at AESATA conference

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              6th Africa Public Sector Conference & Awards continue

              6th Africa Public Sector Conference & Awards continue

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              VRA bolsters energy sector ties with strategic stakeholder engagements

              South Africa:Bredell urges Ethical leadership to revive  ailing municipalities

              South Africa:Bredell urges Ethical leadership to revive  ailing municipalities

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              Tanzania, Zambia strengthen aviation partnership

              Trending Tags

              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

                • DIGITAL ECONOMY
                  South Africa re-elected to ICAO to enhance Africa’s aviation agenda

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                  Kenya :NLC, Ministry meet to assess  Thwake Dam project

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                  South Africa:NCC Issues Compliance Notices to 37 Mpumalanga Suppliers

                  South Africa:NCC Issues Compliance Notices to 37 Mpumalanga Suppliers

                  Tanzania signs deal with Cuban firm to enlarge TBPL

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                  Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                  Namibia: President Nandi-Ndaitwah unveils new cabinet

                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

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                  Trending Tags

                  • INTERVIEW
                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

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                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

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                    Ghana’s registra department: driving digitization for effecient services

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                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

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                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Trending Tags

                    • EVENTS
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                      Ghana: Vice President Bawumia launches Credit Scoring System

                      Ghana: Vice President Bawumia launches Credit Scoring System

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

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                      Home NEWS

                      NUPRC Boss Says it Grant 247 Permits for Export of 480m Barrels of Crude Oil, amongst others

                      Public Sector Global by Public Sector Global
                      October 26, 2022
                      in NEWS
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                      NUPRC Boss Says it Grant 247 Permits for Export of 480m Barrels of Crude Oil, amongst others
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                      Between the last quarter of 2021 and the third quarter of 2022, 274 export permits were granted to various firms for a total of 480,863,863 barrels of crude oil and condensates, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had said in a statement.

                      According to his statement during a briefing to mark the commission’s of its one-year anniversary, the Chief Executive of the NUPRC, Mr Gbenga Komolafe, stated that during the period, 47 Petroleum Prospecting Licences (PPLs) were granted winners of the last marginal field awards. At the time , 57 oil fields were put up for bidding.

                      The commission’s chief executive explained that the team has been focused on laying a solid foundation for its regulatory functions and in pursuing that, has drafted Environmental Remediation Fund Regulation and the Upstream Environmental Regulation and Upstream Petroleum Safety Regulation, both of which have been subjected to stakeholders’ review.

                      In addition, Komolafe noted that the commission also successfully launched the Host Communities Regulations to guide the implementation and operationalisation of the Host Communities Development Trust (HCDT), as  enshrined in the Petroleum Industry Act (PIA).

                      With the declaration of the nation’s oil reserves which stands at 37.046 billion barrels,  indicating an increase of 0.37 per cent compared to 2020 figures, the chief executive explained that the life index now stands at 60 years.

                      Furthermore, Komolafe said that Nigeria’s gas reserves had been pegged at 208.62 TCF, indicating an increase of 1.01 per cent compared to 2020 figures, with a life  index of 88 years. That would be without new discoveries.

                      He explained that the NUPRC had also almost completed the automation of upstream work processes which would improve the efficiency and become operational before the end of year 2022.

                      Other achievements in the last one year, Komolafe said, included the Ikike first oil which was officially celebrated in September 2022 and expected to deliver peak production of 50,000 barrels of oil equivalent per day by the end of the year.

                      He stressed that the deployment and commissioning of Aiteo 120kbd barge mounted crude oil processing facility to minimise crude oil theft and vandalism as well as the deployment and commissioning of Tenoil 10kbd Early Production   Facility (EPF) were some of the milestones during the period.

                      In addition, Komolafe listed the regularisation and commissioning of Halkin 5kbd EPF at Atala OML-46 as well as the inauguration of an integrated industry-wide study to ascertain shut-in wells as part of the achievements in the last one year.

                      According to him, the primary aim of the study is to boost production and guide investment planning and recommend low hanging potential to boost national production, with the report  now at  the writing stage.

                      The development of the Advanced Cargo Declaration Regime, Crude Oil and LNG Tracking (COLT) and the establishment of ELI-AKASO crude oil export terminal as well as publishing of up-to-date data on national crude oil production on the commission’s website , he noted , were also key triumphs for the NUPRC.

                      “In line with the provisions of Section 108 of the PIA 2021, we have commenced engagement and sensitisation of all operators to submit gas flare elimination and monetisation plan.

                      “Ten high impact technologies, innovation, and solutions have been successfully qualified and adapted into the Nigerian oil and gas industry. The high impact technologies aim to increase oil discovery and production, reduce cost of pipeline maintenance and integrity threshold etc.

                      “In the area of exploration and acreage management , the commission has so far achieved the following: Award of 47 PPLs to winners of marginal fields during the 2020 marginal field bid round.

                      “Also is the development of model licence and model lease in conjunction with Legal and Compliance and Enforcement (C&E) SBU and renewal of OMLs 128, 130, 132, 133 and 138,” he pointed out.

                      Noting that the Host Communities Development Trust Fund (HCDTF) is now law, he explained that an automated reporting, monitoring, and data management portal has also been launched.

                       “Settlors have already commenced submission of applications on the portal; we have had successful engagements for the assignment of littoral communities to deep water operators with reference to regulation 6(1) (d) of the Host Communities Development Regulations (2022).

                      “Modalities for the assignment of littoral host communities to deep offshore operators have been worked out. Also, the Commission is working in synergy with the National Boundary Commission (NBC) to map the littoral host communities to deep water operations,” he informed.

                      Under his stewardship, Komolafe stated that a new model to estimate the value of assets and determine the signature bonus, renewal bonus and good and valuable consideration was developed with the renewal bonus valuation completed for OML 125, 128, 132, 133, 138 and 130.

                      Looking ahead, he stated that the commission projects  in the next one year to embark on the  development of a regulatory framework to reduce facilities development projects delivery costs through effective participation and regulation of concept, design and equipment selection.

                      He stated that when the new host communities development law which is already in operation, is implemented under the new PIA, many of the communities who are currently agitated will be taken care of, promising that the host communities will be carried along and  will see that government reckons with them as critical stakeholders.

                      He stated that by December the committee set up to aggregate the accurate quantity of oil produced, exported or stolen will submit its report, stressing that the NUPRC remains committed to transparency in the sector.

                      Komolafe explained that the commission despite sundry challenges has met and exceeded its revenue projections to the federation, but revealed that the biggest challenge so far remains oil theft in the country.

                      He stressed that the nation has the capacity to meet its Organisation of Petroleum Exporting Countries (OPEC) production quota, adding that between 80,000 bpd to 100,000 bpd were lost to direct theft, while the rest was as a result of shut-ins.

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