DPR Awards Marginal Field Letters To Qualified Companies
The Department of Petroleum Resources (DPR) says that 50 per cent of shortlisted companies for marginal field oil operations have been awarded letters in different oil locations in the country.
The award letters were presented to the operators in Abuja on Monday by DPR Director/Chief Operating Officer, Mr Auwalu Saki.
A marginal field is an oil field that has been discovered and left unattended for a period of not less than 10 years from the date of first discovery.
Sarki explained that the 57 marginal fields to be explored by the operators are located on land, swamp and offshore terrains in various parts of the country.
He said that the companies presented with their certificates were those that have met all the conditions for the award out of the 161 that were shortlisted.
“A total of 591 Expression of Interest applications were submitted; out of these applications, 540 were successfully prequalified during phase 1 of the exercise.
“At the end of phase two, 482 bids were submitted by 405 applicants. Following the evaluation of the bids, 161 companies were shortlisted as potential awardees out of which 50 per cent have met all conditions and therefore eligible for award today.
“We are set to ensure opportunities are extended to other deserving applications to fill the gap,” Sarki said.
According to the DPR boss, the award marks the end of the bid round process which started on June 1, 2020, but the beginning of the post award phase which is very important.
He said the DPR had developed a strategy to ensure the awarded marginal field operators achieve early development and would continue to follow up and guide the awardees in every step they make.
Sarki noted that a National Oil and Gas Business Opportunity Desk has been established in the DPR.
“This desk synthesises opportunity across the value chain of the industry and creates a platform for investors, financiers, funders, and other intending partners to realise desired objectives,” Sarki said.
He urged the awardees to take advantage of the National Oil and Gas Excellence Centre for the industry recently commissioned by Mr President which offers services in improved oil recovery, alternative dispute resolution, integrated data analysis and competence development.
The Executive Chairman, Vhelbherg Exploration and Production Development Company Limited, one of the companies that secured the licence, Bank-Anthony Okoroafor, commended the DPR for its transparency.
“This is the first most transparent exercise carried out by the DPR since 2003; it was open to everybody and there were publications.
“The job is not completed, and for the DPR to complete their work, it has to assist operators to produce in their various locations and ensure we are not suffocated,” Okoroafor said.
He said the move by the DPR to award letters to the operators of marginal fields was in the right direction as it would help boost the country’s oil reserve.
The Chief Operating Officer, Dutchess Energy Ltd., Mrs Tinubu Ayinde, another awardee, said they were looking forward to a successful business.
“It is a fantastic opportunity for me in the sector as I have been in the downstream and this is an opportunity for me to go into the upstream.
“We are going to increase crude oil production for Nigeria and for the companies themselves, it is an expansion into the upstream sector; we are going to harness and employ people,” Ayinde said.
Fuel Subsidy Era Over – Tinubu
Newly sworn-in President, Bola Ahmed Tinubu, has declared that the era of subsidy payment on fuel in Nigeria has ended.
This, he disclosed, is because the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable.
“The fuel subsidy is gone”, Tinubu declared in his inaugural speech at the Eagle Square on Monday after he was sworn in as Nigeria’s 16th President.
Tinubu said his government shall instead channel funds into infrastructure and other areas to strengthen the economy, adding that a “unified exchange rate” is guaranteed under his administration.
He promised to remodel the economy to bring about growth and develop the Gross Domestic Product through job creation, saying that “the interest is currently too high and will be reviewed”.
The new President also assured investors that multiple taxation will be reviewed to attract investments, even as he promised one million jobs in the digital economy.
Tinubu, who also vowed to rid Nigeria of terrorism and criminality, said, “Security shall be top of our administration”, adding that he will “reform security architecture, invest more in security personnel, better training and provide better equipment for security personnel”.
The President said he “will end extreme poverty, make food more abundant, ensure inclusion for women and youths, and discourage corruption”.
Customs Holds Training For Maritime Journalists
The Nigeria Customs Service in conjunction with National Inland Waterways recently organised a two- day training workshop for members of the Association of Maritime journalists of Nigeria (AMJON) at the famous Administrative staff college of Nigeria (ASCON), Badagry, Lagos.
Comptroller General of customs, Col. Hammed Ali (rtd) in his key note address said from inception, one of the major cardinal programmes of the service has been effective and efficient mobilisation and sensitisation of members of the public in understanding the important statutory obligations vested on the service.
In order to achieve these objectives, he said, “it became imperative that we partner with our friends from the media to embark on educative and enlightenment programs.
“Having gone this far on our own, we are here today, under the able hands of the ‘owners of the profession’, to enrich, update and sharpen their skills in this direction for greater achievement of our collective objective”.
Speaking, the President of AMJON, Mr. Paul Ogbuokiri, emphasized the importance of the training programme, urging participants to avail themselves of the opportunity, which will translate into improved performance in their reportage.
On his part, the Managing Director, National Inland waterways Authority (NIWA), Chief George Moghalu, spoke on its new autonomy status and how it affects its national mandate.
Moghalu, who was represented by the Manager, Legal Services, Barr. Nasiru Biyankari, affirmed that NIWA offers a very critical role in the nation’s maritime industry through the execution of development in inland waterways of Nigeria and its regulations nationwide.
Also speaking, the National Coordinator, Port Standing Task Force Team (PSTT), Mr. Moses Fadipe, tasked AMJON members on accurate and objective reportage on PSTT’s operations to ensure that the public is well informed about the efforts of the team in tackling corruption at the ports.
“AMJON members are expected to adhere to ethical journalism standards and avoid sensationalism or biased reporting ,clear and informed reportage by Amjon members can contribute to building public trust in the PSTT and its efforts to improve transparency and efficiency in Port operations”.
The retreat had various renowned academicians as resource persons.
At the end of the two days training, with the theme, “Enhancing capacity/Efficiency in Modern News Reportage”, the participants were equipped with the knowledge and skills to perform their responsibilities as core maritime media practitioners.
Maritime: Stakeholders Set Agenda For Tinubu, Transport Minister
Stakeholders in the maritime sector have started coming up with measures for the newly sworn-in Federal Government under the leadership of Alhaji Bola Ahmed Tinubu, to revamp the maritime sector of the country.
The stakeholders are unanimous in saying that Nigeria as a maritime nation requires the services of a core professional, who will be courageous enough to implement some programmes that will practically empower indigenous operators in the shipping industry, while encouraging the entrance of new investors.
They said such measures include growing indeginious capacity through the full implementation of cabotage law, facilitating tonnage volume, and positioning of the maritime sector as a major contributor to federal revenue and national development.
According to the stakeholders, it is unfortunate that the maritime sector for years under different leadership derailed from its primary objectives, which is “to promote the development of indeginious commercial shipping in international and coastal trade”.
In his opinion, a maritime analyst and member of the Joint Ministerial Committee on International Maritime Organization (IMO)/Maritime Organization of West & Central Africa (MOWCA), Mallam Ismail Aniemu, said “there is the urgent need to unite the country because people have been more divided along ethnic, religious and lingual lines. This lack of unity fuels insecurity.
“Many parts of the country are unsafe, thereby creating the impression of ungoverned spaces. It’s time to improve on the security situation by not treating perpetrators of killings and other unlawful behavior as sacred cows. The laws of the land should be made to reign supreme on everybody”.
According to him, “Nigeria is overdue for a deliberate and sustained action towards economic diversification to achieve balance of trade, manufacture more for export, and creating job opportunities instead of distributing cash as handouts to the poor and vulnerable”.
On his part, the former President, National Association of Freight Forwarders (NAGAFF), Chief Eugene Nwike, said, “I will advise the President and the incoming Minister of Transportation to appreciate and embrace the global doctrine, which defined ‘Trade’ as ‘an instrument of global peace’, hence, the need to evolve and support a holistic policy aimed at promoting trade facilitation”.
Nwike said the President must deliberately adopt the relevant tools required for its actualisation, while giving priority to removal of all forms of “Red Tapes and Technical Barriers to Trade (TBT), including the undue prohibition of trade and closure of the border entry points.
“To this end, the immediate reversal of policy of categorised and uploaded certain regular trade items as non-beneficial to conventional foreign exchange assessment from the commercial banks excerpt for the parallel market (black markets).
“Secondly, undertake a drastic action against the foreign exchange market administration”.
Thirdly, siad, there’s the need “to give the maritime industry a priority, especially with the consideration to massive job creation, for which the industry has the capacity to remove our teeming youths off the unemployment market.
“And, for the incoming Transportation mitnister to pursue purposeful stakeholders engagements and embrace engagement by merits”.
A Maritime journalist, Odjegba Eguono, said the President “should appoint someone with productive and leadership capacity.
“Someone who should be an industry technocrat, and, if not, a fast learner with passion to grow the maritime and transport sector like the immediate past Minister, Jaji Sambo.
“The President and his Transportation Minister should prioritize urgent repairs and expansion of ports access roads, review terminal operators licenses, and decongest lagos ports”.
He stated that the new government should scrap the CRFFN, saying that the agency has proved unproductive and meaningless, being used as a drainpipe, contributing nothing to the system .
“The Minister should also scrap the NSDP by NIMADA and invest in MAN and NITT with the required wherewithal to carry out manpower development training.
“Finally, the incoming government should probe the NIMASA floating Dockyard and either dispose of it, or deploy it under an executive order”, Eguono said.
Stories By Nkpemenyie Mcdominic, Lagos