The Nigerian National Petroleum Corporation (NNPC), last Wednesday said it had inaugurated an ultra-modern green data centre aimed at safeguarding its equipment and intellectual property.
This is contained in a statement signed by the Group General Manager, Public Affairs Division of the corporation, Mr Fidel Pepple.
It said that the data centre was designed for maximum energy efficiency with minimum environmental impact and built with leading industry standard technologies, adding, that the Group Managing Director of NNPC, Mr Andrew Yakubu, described the centre as highly secured and fault-resistant.
“Today, we begin a bold and crucial journey in our collective quest with an eye for the future by inaugurating the New NNPC Data Centre,’’ Yakubu said.
According to him, the philosophy behind the project was to establish a centre where equipment central to the corporation could be hosted.
“It is common knowledge that in today’s global corporate space, data centres are not only prevalent but have become indispensable.
“These centres are specialised environments that safeguard a company’s most valuable equipment and intellectual property.
“They house the critical enterprise applications and systems that process business transactions, store data and maintain financial records.
“The centre will save the corporation billions of naira that would have been expended in third-party hosting of critical applications central to NNPC’s operations like the Nigerian Petroleum Exchange,’’ he stressed.
Yakubu said that the state-of-the-art corporate data centre took-off in 2005 when it was identified as one of the critical requirements for an effective transformation of the corporation.
He pointed out that the new facility had independent power, efficient cooling, intelligent physical security, fire protection systems and other components and added that the facilities were to ensure consistent availability of critical business applications and information on the platform.
The group managing director said that the facility would be available for use by the private sector operators on commercial basis to generate revenue.
NCDMB, Partners To Complete Four Key Gas Projects In Q4
Four major projects being developed by investors in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) would be completed before the end of 2021, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote has disclosed.
The projects include the Rungas facility in Polaku, Bayelsa State that would manufacture 400,000 units of Composite LPG Cylinders per annum and BUNORR production plant in Port Harcourt, Rivers State, which would produce 48,000 litres of base oil per day.
The other two projects include NEDO Gas’ 80 million standard cubic feet per day gas processing facility upgrade and expansion, plus 300 million standard cubic feet per day KGG manifold in Delta State, and DUPORT Midstream Ltd’s Energy Park, which comprises 2,500 barrels of crude oil per day modular refinery, 40 million standard cubic feet per day gas processing plant and 2 megawatts power plant.
The Executive Secretary spoke on Thursday in Abuja at the one-day workshop on the “NCDMB Roadmap, A Catalyst for the Industrialisation of Nigeria 2017-2027,” organised by the Reform Coordination and Service Improvement Department of the Ministry of Petroleum Resources.
He also said that five Liquified Petroleum Gas (LPG) storage/bottling plants and six LPG Depots being developed in partnership with Butane Energy Limited in 10 states in the North and Abuja would be completed in two phases – six in quarter 1 of 2022 and the rest in quarter 4 of 2022, with the opportunity to create 1,900 direct, indirect, and induced jobs.
Wabote also hinted that the Board was partnering with the Lagos Deep Offshore Logistics Base (LADOL) to develop a 24 megawatts power plant at Takwa Bay, Lagos State to provide uninterrupted power supply to the free zone which hosts key facilities required to service the oil and gas industry. The project is expected to generate 400 jobs.
According to him, the Board’s partnership investments cut across modular refineries, LPG value chain, and other areas. He stated that that the Board had 23 project sites spread across Abuja, Bayelsa, Bauchi, Delta, Edo, Gombe and Imo State. Other locations include, Jigawa, Kaduna, Katsina, Kano, Lagos, Nasarawa,Niger Plateau, Rivers, and Zamfara states.
The NCDMB boss explained that the Board committed equity investments into strategic projects that align with Government’s policies with a view to catalysing them to success and would exit once those businesses become successful. The investments were also in line with the Board’s vision “to be a catalyst for the industrialisation of the Nigerian oil and gas industry and its linkage sectors,” he added.
Commenting on the functions of NCDMB and the Nigerian Content 10-year Strategic Roadmap, Wabote reported that the Board had recorded considerable progress with the implementation of the roadmap and had grown Nigerian Content from 26 percent to 35 percent within four years and was on track to achieve 70 percent by 2027.
On the US$350m Nigerian Content Intervention Fund, which provides affordable and accessible credit to qualified oil and gas companies, he described it as one of the most successful funding schemes in the country, hinting that the repayment rate by beneficiaries has been 99 percent.
In his comments, the Permanent Secretary, Ministry of Petroleum Resources, Dr. Nasir Sani Gwarzo lauded NCDMB for its achievements, adding that the Board was on the right trajectory in implementing it mandate and impacting linkage sectors. He charged the Executive Secretary to remain committed to the same trajectory of deepening Local Content implementation
Gov Sule Makes Case For Nation’s Gas Reserves
Nasarawa state Governor Abdullahi Sule said last Thursday that the country’s major challenges and problems could be resolved with its gas reserves.
Sule said this in Abuja at the 6th Triennial Branch Delegates Conference/Award of the Department of Petroleum Resources (DPR), Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), under the theme: “Petroleum Industry Act (PIA) – Prospects for the Nigerian oil and gas industry”.
The governor said Nigeria was a gas country with oil, going by the volume of her gas reserves.
“When I was working for an oil and gas company in the past, we used to categorise Nigeria as among the various nations of oil and gas, we used to see Nigeria as a gas country with oil.
“With over 200 trillion standard cubic feet of gas that we have, Nigeria is indeed a gas country. And for those who understand the industry, if we develop the gas alone, even without the 40 million barrels of oil we have, the gas will be enough to sustain Nigeria.
“All the problems about power, fertiliser, the challenges we have in agriculture will be resolved easily with the gas reserve that we have.
“I want PENGASSAN to promote gas because a lot of countries survived with gas; it’s gas that made Qatar what it is today, not oil.
“So, this is the opportunity we have that we must develop, if we have to survive as a nation,” Sule said.
Chief Executive Officer (CEO), Mr Sarki Auwalu, (DPR), who was the chief host of the conference, said the focus on the PIA was to highlight the importance of the law to the oil and gas sector.
Auwalu also said that PIA would overhaul the oil and gas industry and eventually set the country on the path of greatness.
“The theme of this conference is a further testament to the critical role played by the constructive unionism in national development, the petroleum industry in particular.
“You will agree with me that President Muhammadu Buhari achieved a monumental feat in advancing the Nigeria oil and gas industry.
“This was enabled through the signing of the PIB into an Act and this took us 20 years to achieve this legacy; president Buhari deserves an applause.
“In spite of the fact that we are going to net-zero, I believe that the PIA has a focus on the future and we will see how that future will be guaranteed with respect to environmental consciousness.
“I believe that the PIA will guarantee the future of our children and grand children,” Auwalu said.
He called for closer collaboration between PENGASSAN and the DPR, especially as it concerned the implementation of the PIA, for the oil and gas industry to continue to thrive.
President of PENGASSAN, Mr Festus Osifo regretted that the PIB was signed into law by President Buhari with some errors, but noted that it could be subjected to amendments for some of the errors to be removed.
“The only snag we have today is that we channel our energy into production of crude oil reserve; if we continue the way we are today, that is 2 million barrels per day and about 37 million barrels reserve, it will take us years to move forward.
“We should be thinking of how to fast track to ensure that the 2 million production is moved to 3 or 4 million barrels.
“If we don’t do that quickly, we are going to be caught in the trap of energy transition or fall into the web of what happened to our coal. Today, coal is trapped in the ground and nobody is interested”, he said.
Purpose Of Excess Crude Account Defeated – Lawmaker
The Lawmaker representing Degema/Bonny Constituency in the House of Representatives, Farah Dagogo, has said the purpose of establishing the Excess Crude Account(ECA), has been defeated following the announcement by the Federal Government on the country’s Excess Crude Account Balance, showing a depletion.
Dagogo gave this hint in a chat with newsmen, at a recent event in Port Harcourt, the Rivers State capital.
According to him, “for clarity, the purpose of the Excess Crude Account that was set up in 2004, which later metamorphosed to Sovereign Wealth Fund in 2011, has been clearly defeated. The three cardinal objectives of ECA was for supporting the budget in times of economic stress, including to hedge against volatile crude oil prices; to save for future generations of Nigerians; to invest in domestic infrastructure; now has any of them being met?”
He noted that the depletion of the funds without tangible explanation was unacceptable, describing the situation as worrisome.
He stressed that, “the answer is a capital no, and it is unacceptable to the people of my region, whom semantically speaking, are the goose that lays the golden eggs that is being pilfered unhindered. I strongly believe that this daylight stealing and mismanagement should be a grave concern and abhorrent to people of good conscience”.
The Lawmaker lamented the depreciating figures and wondered the justification for expending the funds without due consideration for the Niger Delta people from whose region the monies were generated and were wallowing in poor living conditions.
“Today in Nigeria, the cost of living has risen astromically. We were in paradise in 2015 if we were to make a comparative analysis of what was applicable then and now as to what majority of the masses are facing and passing through daily. To feed a day in Nigeria is akin to the dromedary carmel passing through the eye of a needle. Yet, we hear mind boggling depletion of our commonwealth with nothing tangible to show for it”, he added.
It would be recalled that the Minister of State for Budget and National Planning, Mr. Clem Agba, during the National Economic Council meeting at the State House in Abuja recently, said that the ECA as at 13th October 2021 stood at $60, 857,773.43, while the Vice-President Yemi Osinbajo, in a statement by his media aide, Laolu Akande, last Friday quoted the Minister, as saying “Excess Crude Account balance as at 13th October 2021 stands at $60, 857,773.43;
“Stabilisation Account, balance as at 13th October stands at N25,009,892,511.55; Development of Natural Resources Account balance as at 13th October 2021 stands at N56,144,024,000.71”.
By: Tonye Nria-Dappa
- Business4 days ago
Nigeria Doubles Down On Oil After Years Of Trouble
- Business4 days ago
FAAN Trains 121 Security Personnel In 12 Airports
- Business4 days ago
Omehia Hails Wike’s Infrastructural, Human Dev Strides
- Business4 days ago
National Carrier Gets N400m Allocation Despite Failure To Begin Operations
- Business4 days ago
Godwin Emefiele: Bad Bank Debtors Frustrating Loan Recovery
- Sports4 days ago
Rivers United Gets New Chief Coach …As Chairmen Hail Appointment
- Business4 days ago
Refinery’s Rehab: PHRC Boss Seeks Host Communities’ Support
- Business4 days ago
Diversification Of Nigeria’s Economy On Course – FIRS