Business
NNPC Boss Assures On Gas Project
The Oredo Integrated Gas Handling Facility (IGHF) has
been described as the first major gas development project targeted at realizing
the Federal Government’s gas to power initiative.
Speaking at the unveiling ceremony of the project in Edo
State recently, the Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC), Mr Andrew Yakubu said the Oredo IGHF was unique because it
was also aimed at the realization of a strategic road plan to being an
integrated oil and gas company.
According to the NNPC boss, “the Oredo gas plant is an
Integrated Gas Handling Facility (IGHF) designed with a module for LPG
production and other liquids extraction. While substantial volume of gas from
the facility is designed for the Ihovbor power plant, the balance will be
injected into domestic gas supply pipelines grid. This facility also has the
capacity to eliminate gas flaring in compliance with federal government
environmental requirement”.
Yakubu noted that the NNPC through its subsidiary, Nigerian
Petroleum Development Company (NPDC) was poised to develop more resources in
order to provide gas to Pan-Ocean Oil Company Limited to achieve optimal
utilization of their gas plant.
His words: “NPDC is poised to surpass her target of
250bbl/d equivalent by the year 2015. Where we are standing today in Oredo
covers a block of about 460 square kilometers consisting of three fields with
an average production of 6,000bbl/d, with prospects for further development.
The average production from this field in the past 15 years was stagnated at
less than, 1,000bbl/d.”
This facility also has the capacity to eliminate gas
flaring in compliance with the federal government environmental
requirements. Furthermore, NNPC and NPDC
are pursuing with vigour the development of more resources in order to provide
gas to Pan-Ocean Oil Company Limited to optimize the utilization of their gas
plant”.
Earlier, the Minister of Petroleum Resources, Mrs Diezani
Allison-Madueke said since the Nigerian Content Act was signed into law in
2010, many indigenous marketers, operators and service providers in the
downstream sector of the oil and gas industry have come to full fruition.
Allison-Madueke noted that the project was in line with the
ongoing reform process in the industry and is designed to ensure the
monetization of the country’s gas endownment through gas-to-power and other
gas-related industrialization.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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