Oil & Energy
Expert Advocates Gas Asset Mgt Plan For Net Zero Target
The Chief Executive Officer (CEO) of Kenyon International, Dr Victor Ekpenyong, has urged the Federal Government to harness the abundant oil and gas resources for economic and industrial development.
Ekpenyong, a Well Controls Specialist, said harnessing the expertise of Nigerian oil workers in a robust Gas Asset Management Plan to achieve Net Zero target will tackle oil theft and vandalism.
A statement by the Public Affairs Manager at Kenyon, Mr Ifechukwu Muonyili, on Saturday, reported Ekpenyong as making the call while addressing industry experts at the Oloibiri Lecture Series and Energy Forum (OLEF) 2023.
The Tide source recalls that OLEF 2023 was held at the PTDF Hall in Abuja on April 6, 2023.
According to Ekpenyong, who was a keynote speaker, there is need for Nigeria to develop a strategy for oil and gas asset management to ensure effective oil and gas resources utilisation.
The proposed plan, he said, would enhance energy security and achieve net-zero emission goals earlier set by the Federal Government, driven by its policy of gas utilisation as a transition energy.
Ekpenyong stated that Nigeria had been blessed with abundant oil and gas resources, but the lack of proper management had resulted in cases of vandalism and obsolete oil and gas assets still in use.
“One cannot utilise what one has not properly managed and Nigerian industry experts need to take decisive action to implement a comprehensive strategy to bring these assets under control, properly managed and secured.
“We at Kenyon International, an industrious oil and gas service company, have developed a home grown panacea to oil theft and vandalism in oil and gas fields.
“Our solution has been helping some operators to manage their assets, and it comes with so much risks to lives of our employees who implement the process.
“As patriotic Nigerians, we go through a lot in a bid to secure assets and prevent tampering and pollution that could potentially pollute and destabilise the ecosystem and we urge the industry-wide deployment”, Ekpenyong said.
He harped on asset management in Nigeria’s oil and gas industry and the need for all stakeholders to take action towards achieving the goal.
The Oloibiri Lecture Series and Energy Forum (OLEF) 2023, an annual initiative of the Society of Petroleum Engineers Nigeria, targets enforcing the development of the oil and gas industry in Africa.
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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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