From Uche Usim, Abuja
The Nigerian National Petroleum Corporation (NNPC) yesterday flagged off the NNPC/First E&P Oil Mining Leases (OMLs) 83/85 partnership for marine seismic data acquisition in Lagos.
Speaking at the event, the Group Managing Director of NNPC, Dr Maikanti Baru who performed the flag-off ceremony aboard Marine Vessel BGP Prospector also the Corporation’s commitment to growing the nation’s crude oil reserves and increasing daily national production with a view to boosting revenue.
He said the project would boost NNPC’s drive towards enhancing the nation’s abundant hydrocarbon deposits.
The development, Baru added, also reinforced the Federal Government’s commitment to further harness Nigeria’s numerous resources to enhance income streams and ultimately boost the nation’s economic prosperity.
“Without doubt, this development resonates perfectly with NNPC’s commitment to growing the nation’s reserves and increase production, as enshrined in our corporate vision of 12 Business Focus Areas (12 BUFA),” he added.
The GMD, who gave the assurance of the NNPC Management’s support for the project, charged the partners to ensure its completion on schedule and in a cost-effective manner while urging strict adherence to Health, Safety & Environment (HSE) standards.
Also speaking at the occasion, the Managing Director of First E&P, Dr. Ademola Adeyemi-Bero, said the aim of the project was not only to grow the nation’s reserves, but also to develop the capacity of Nigerians.
He said his company would work closely with all the partners to enable them complete the project ahead of schedule. In his remarks, the Chairman of Petroleum Technology Association of Nigeria (PETAN), Mr. Bank-Anthony Okoroafor, reiterated that the project would boost in-country capacity. “The project is also expected to align with the Federal Government’s effort to drive down the cost of marine seismic acquisition in the country,” Okoroafor added. The NNPC/First E&P OMLs 83/85 partnership for marine seismic data acquisition would be executed by a Joint Venture (JV) between NNPC’s Integrated Data Services Ltd (IDSL) and Bureau of Geophysical Prospecting (BGP), a subsidiary of Chinese National Petroleum Corporation (CNPC).
The project entails IDSL/BGP JV acquiring 3D marine seismic data using streamer cables, covering a total of 901sq. km.
The partners have been given a 74-day time schedule to deliver on the project.