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Total’s Egina Project At 93% Completion

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Total E&P Limited says it is able to achieve 65 per cent Nigerian Content on Ofon Phase 2 Project even as the most popular deep-water development project, Egina project is currently at 93.3 per cent completion stage with the floating production storage and offloading ( FPSO).
The Deputy Managing Director, Deep Water Total Upstream Companies in Nigeria, Ahmadu-Kida Musa, who disclosed this while delivering a key note address at the 2018 Nigeria Oil and Gas Conference in Abuja last Tuesday said the Egina project is developed by Total in Nigeria after Akpo and Usan, stressing that the floating production storage and offloading (FPSO) is the largest of its kind with a length of 330metres long,61metres wide and 33.5metres of hull depth.
Musa explained that the FPSO is of course above the ocean surface but it is one part of the Egina Project, adding that there is the Subsea Production System and the Umbilical Flowlines and Riser packages.
According to him,’’ the Egina Project is one full of technological excellence with local expertise, adding that the FPSO will sail away to Egina field, which is located in OML130, approximately 150 kilometres offshore Nigeria.
‘’ It is the deepest offshore development carried out so far in Nigeria, with water depths of over 1,500 meters, and the project is designed to produce 200,000 barrels per day of oil at plateau. In addition to the oil, the Egina field will produce gas. The associated gas will be partly re-injected into the reservoir to maintain reservoir pressure, and partly piped to supply the domestic gas market’’, he said.
Musa explained that the FPSO which is very visible from the Outer Marina or the Eko Bridge in Lagos, has made remarkable achievements in the development of in-country value and boasts of 77 per cent Nigerian Content achievement.
He explained that the Ofon Phase 2 Project on OML 102, was designed to upgrade her Ofon field after 40 years of operation, adding that it also stands out as another example of our commitment to the ideals and objectives of the Nigerian Content law.
‘’On Ofon field phase 2, Total E&P Limited had more than 1,400 people working offshore and more than 1 million man-hours performed without any accident. The Ofon 2 living quarter’s platform was the first to be constructed in Nigeria. During the project, local yards also fabricated 1,800 metric ton jacket bridges.
‘Also, as part of preparation for Ofon 2, Total assisted Nigerdock to procure equipment which was needed to accomplish the work scope they handled for the project. Another key Nigerian Content achievement of Ofon 2 has been the partnerships it forged between international contractors and local businesses and communities, thus accelerating technology transfer, training and the hiring of Nigerian workers’’, he said.
The Deep water Manager further disclosed that one of another project of the Total E&P Limited is the OML 58 field Upgrade project, explaining that the OML 58 field is a mature onshore field located in the Niger Delta and an upgrade project was carried out to increase field production and maintain it for the next 25 years after producing for more than 50 years.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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