Oil & Energy
NUPENG Lauds FG Over Hydrocarbon Mapping
The Zonal Chairman of NUPENG, (Port Harcourt Zone), Comrade Godwin Eruba has commended the federal government’s move to approve the execution of a comprehensive hydrocarbon mapping of the country by Nigerian National Petroleum Corporation (NNPC).
The NUPENG boss who made the commendation during an interview with The Tide in Port Harcourt recently explained that because the hydrocarbon mapping is designed to pinpoint the most prospective oil and gas zones in the country it help in the issuance of licences to oil mining prospectors.
According to him it is not only pinpoints the oil bearing and producing states but also helps in knowing the quantity of oil that are there.
It would be recalled that NNPC in the last six months has intensified the search for commercial crude in the Chad Basin which is part of the Nigerian Frontier Inland.
Inclusive in the NFISB are Anambra State, Bida, Dahomey, Gongola, Yola and Sokoto basins alongside the middle/lower Benue.
The Group General Manager, Group Public Affairs, NNPC, Dr. Levi Ajuonuma was reported as also saying that the comprehensive hydrocarbon mapping project which will be the first in the over 100 years history of crude oil exploration in Nigeria is designed to guarantee precision and exactitude in the evaluation of data in the course of exploration of inland basins.
Describing the drive by NNPC to increase the nation’s crude oil reserves as in top gear, Ajuonuma said they have the complete support of President Jonathan and the Minister of Petroleum Resource top go full throttle.
He explained that the idea is to look beyond the prolific Niger Delta Basins with good sedimentation and robust history.
A renowned geophysicist and consultant to the United Nations, Prof. Deborah Ajakaiye working in consultation with NFISB in the search noted that the hydrocarbon mapping exercise include the aerial and ground survey of the country designed to specify areas of high potential and identify most prospective oil and gas zones.
According to her “the project entails the comprehensive and systematic airborne geophysical surveys involving gravity, magnetic and electromagnetic surveys of the inland basins with state of the art equipment. It also involves detailed integrated programme of geophysical, geological, petrological and geochemical studies.
She also lauded the federal government for taking up the challenge of accelerated, intensive, comprehensive and systematic exploration of the long neglected inland basins.
She said any commercial discovery based on the outcome of the project would foster the attractiveness of the basins for huge investment opportunities by international oil companies with the attendant massive economic benefits for the host communities and the country as a whole.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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