Oil & Energy

PETAN Moves To Boost Oil Production

Published

2 years ago

April 15, 2024

Sequel to the decline in the nation’s crude oil production, the Petroleum Technology Association of Nigeria (PETAN) says it has commenced moves to showcase potentials in Nigeria’s oil and gas industry with the view to attract fresh investments to close the industry’s underproduction gap.
The Association said the country is under producing to the tune of at least 500,000 barrels per day, which is equivalent to $15 billion and hundreds of trillions of naira in excess of the national budget per year.
This is part of the strategy it aims to adopt during the upcoming Offshore Technology Conference (OTC) in Houston, the United States of America.
Speaking with the Media in Lagos, the Chairman, PETAN, Wole Ogunsanya, who expressed PETAN’s resolve in this regard, said the vision and intention of PETAN was to support the authorities to ensure that all the values existing in the oil industry stay in Nigeria.
He opined that if Nigeria could retain between 60 to 70 per cent of the oil and gas value chain in the country, the nation stood a better chance of emerging as top 20 economy in the world.
Ogunsanya expressed concerns that Nigeria is currently losing a lot due to its inability to produce up to its oil production capacity, adding that such loses would not have been if there was full in-country retention of values and beneficiation across all the chains of the industry.
In his words, “essentially, if Nigerian organisations are involved in taking that oil out, taking it to a refinery owned by Nigerians and refining it, if we have petrochemicals refining the gas and the product, we are taking that gas, we are processing it in power plants, we run pipelines to connect all those power plants, this country will be top 20 economy in the world.
“And we believe very strongly that there is no better prescription of Nigeria’s economic solution more than that.
“So, what we have, as we see today, the production is down by at least 500,000 barrels. That 500,000 barrels equates to $15 billion. If you do the maths at today’s rate, you are talking of hundreds of trillions of naira, more than what the national budget per year is”.
In order to retain those value in-country at every stage of oil and gas process, Ogunsanya said a lot of gaps needed to be filled through goverment policy initiatives and collaboration with industry stakeholders.
Reiterating PETAN’s commitment to support the retention of those values, he acknowledged the presidency’s high interest in increasing production, noting that the presidency had given the directives and had formulated a lot of gazettes, stating that PETAN aligned with those initiatives.
Ogunsanya further said, “Our intention is to support this government, to support this country to increase production of oil and gas. I presented this vision to the whole house of PETAN exactly a week ago and the vision is very clear. PETAN wants to support Nigeria through innovative means to increase product of oil and gas in this country.
“That is the mandate that the President has given. PETAN is going to come with very innovative ideas on how this is going to be achieved and even low cost approach that is being used in other countries. If you go to Indonesia where some of us have relationships, this is what they are doing. They are looking inwards on how to maximise returns from the resources that they have”.
Owing to the technical know-how of the members and the unique position of the association, the PETAN boss said they were working with the government to create value for the country.

Oil & Energy

Electricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target

Published

1 day ago

January 19, 2026

The Tide

Nigeria’s newest Electricity Distribution Company (DisCo), Aba Power, has gained consumers’ commendation for the provision of more smart meters than the other 11 Discos in the country combined in 2025.

The Electricity Consumers Association of Nigeria (ECAN), Southeastern Zone, gave the commendation in a statement signed by it’s Chairman, Engr.Joe Ubani, and Secretary, Comrade Chris Okpara, and issued at the end of its first 2026 Executive Committee meeting, held in Abakaliki, the Ebonyi State capital, at the weekend.

The statement revealed that all 12 DisCos in Nigeria provided 175,302 meters under the Meter Asset Provider (MAP) scheme and 44,104 prepaid meters under the vendor-financed framework as of the third quarter of 2025.

It said “Aba Power alone gave end-users over 100,000 smart meters by the end of last September.This means that Aba Power exceeded its 2025 target of giving its customers 100,000 smart meters by 2025, which many analysts thought was a stretch goal, meaning something that was initially thought to be impossible.

“More importantly, the data shows that Aba Power, despite being Nigeria’s youngest DisCo and the smallest in terms of population and geographical spread as it covers only nine of the 17 local government areas (LGAs) in Abia State, provided more prepaid meters than the other 11 DisCos combined”.

Citing figures sent monthly to NERC by the Head of the metering team at Aba Power, Engr. Alfred Atega, ECAN noted that the other 11 DisCos were carved out of the defunct Power Holding Company of Nigeria (PHCN) and got privatized in November 2013, stating though that the Nigerian government retains 40% shares in each.

The association disclosed that Aba Power was able to provide 122, 464 prepaid meters by the end of last year through vendor-finance arrangements with four Chinese and Nigerian metering firms adding that it supplied 116,883 single-phase meters and 5,581 three-phase meters.

Quoting the Aba Power senior brand and communication manager, Edise Ekong, ECAN explained that this utility metered all 122,464 customers from 27 feeders in and around Aba, Abia State’s economic nerve-centre.

According to the statement, Ekong said “We have actually since this year increased the number of metered customers to 133,000”, stated Ekong, also an engineer, according to ECAN.

“Work is progressing on three feeders, namely, the Omoba Feeder, the Geometric Feeder, and the Polymer Feeder as they have system issues.

“The customers on these feeders will be metered once repair and rehabilitation work on them is concluded”.

Oil & Energy

NUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership

Published

1 day ago

January 19, 2026

The Tide

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has unveiled Its vision for the country’s upstream sector.

This transformative vision rests on three pillars of Production Optimization and Revenue Expansion; Regulatory Predictability and Speed; and Safe, Governed and Sustainable Operations.

The Chief Executive, NUPRC, Mrs Oritsemeyiwa Eyesan, who disclosed this at a stakeholders meeting with members of the Oil Producers Trade Section (OPTS), the Independent Petroleum Producers Group (IPPG), emerging players and other major stakeholders in the oil and gas industry, in Lagos, recently, said this aligns with President Bola Ahmed Tinubu’s renewed hope agenda and his plan to hit a production target of 2mbpd by 2027 and 3mbpd by 2030.

Eyesan plans on increasing production and revenue expansion through the recovery of shut-in volumes with economic value, arresting decline, reducing losses, and accelerating time-to-first oil—without increasing burdens or transaction cost.

This, she said, had already begun by recently “turning on the light” in a long shut-in asset.

Eyesan explained that regulatory predictability and speed can be achieved by running regulation like a service, enforcing rules transparently and making quick time-bound decisions.

The new NUPRC boss plans to strengthen governance, process safety, host community outcomes, and encourage decarbonisation through safe, governed and sustainable operations.

“Going forward, the Commission will be measured on the following key success metrics -Faster, predictable regulatory approvals, higher, more secure and sustainable production, credible licensing and disciplined acreage performance, world-class Health, Safety and Environment (HSE) and process safety outcomes, trusted measurement, transparency, governance and data integrity,” she said.

Eyesan promised that under her leadership, the NUPRC would enhance regulatory efficiency and predictability by publishing Service Level Agreements (SLAs) for all major approvals adding that the timeline to production would be reduced through proactive discussions regarding all necessary approvals, implementation of stage-gate processes, and mutual agreement on timelines with the commission.

She said “Stakeholders are encouraged to submit their projects for consideration. For matured opportunities, please submit your request latest end of Q1, 2026. This would provide a simplified and holistic framework that creates obligations for both operators and the Commission.

“The Commission will launch a digital workflow for permitting, reporting and data submissions. NUPRC will work with the industry to identify capacity gaps and develop tiered intervention in the most critical areas with immediate impact on regulatory efficiency while we harmonize our own internal processes to eliminate conflicting regulatory actions and reduce friction”.

She revealed that the NUPRC’s internal transformation programme through a project Management office is in flight saying “I will provide more details on this in the coming days”.

The NUPRC boss also convened a CCE–Operators Leadership Forum for monthly engagement with participants including all operators of NNPC, OPTS, IPPG, and emerging players adding that it would be focused on approval timelines, production restoration, infrastructure integrity, and gas monetisation and development.

“This is expected to enable the NUPRC to identify systemic bottlenecks and provide greater predictability”, she said .

Eyesan also stressed the need to improve hydrocarbon accounting and measurement by tracking every barrel produced and promptly addressing discrepancies or losses.

On host community, the NUPRC boss encouraged all operators to liaise with the commission “as we plan first engagement with host community leaders to reaffirm commitment to HCDT (Host Community Development Trust) implementation”.

She also said one of her key goals is to ensure 100% to the Petroleum Industry Act within 12 months. This, she said, will be monitored with a dedicated team situated in her office.

“The commission going forward will issue quarterly progress reports. Let therefore bring all high impact shut in fields for approval. “On the Commission’s part, a 90-day program to fast track approvals for near-ready FDPs, well interventions, rig mobilisation and other quick-win opportunities have commenced,” the CCE stated.

Oil & Energy

Collective National Prosperity Is Our Driving Force – NNPCL

Published

1 day ago

January 19, 2026

The Tide

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Engr. Bashir Bayo Ojulari, has reaffirmed the company’s national mission, saying collective national prosperity shall be the driving force of the energy firm.

In his New Year message to staff, tagged ‘We Achieved. We Drive The Future’, Ojulari set the tone for 2026 priorities reflecting on strong delivery despite global energy volatility.

According to him, in 2025, the country recorded significant landmarks in oil exploration and production.

In his words, “Exploration and production achieved a record 355 thousand barrels of oil per day — the highest level since 1989,”

“We advanced production through Madu First Oil, Soku Pipeline optimisation, and the Akpo West Start-up, while commissioning Gbaran Nodal Compression Train.

“We reached major infrastructure milestones with the commissioning of the ANOH-OB3 pipeline and the successful AKK River Niger crossing.

“NNPC Retail expanded its footprint into the West African sub-region with our lubricant brand, Oleum.

“We successfully hosted the first-ever NNPC Group Earnings Call, announcing our audited 2024 financial results.

“We strengthened employee well-being through a much-improved compensation package. We welcomed 1,000 Tigers into our organisation to intentionally build the next generation of NNPC leaders.”

Explaining the success method of the company, the GCEO listed board and staff members as the major forces.

He said “Our Board showed visible support for execution excellence by approving the new Delegation of Authority and Delegation of Financial Authority frameworks to improve efficiency and empower leadership across the business.

“Behind each of these milestones are our people—your expertise, your judgement, and your belief in the potential of our organisation. These accomplishments belong to all of us collectively, and each of us should proudly identify with these great strides. Across every directorate, asset, and office, your collaboration, ownership, and commitment remain the true foundation of our success,” he said.

Disclosing the corporation’s future plans, Ojulari noted that although the previous initiative, the “’Fit-For-Future’ transformation imperatives established in the second half of 2025, had ensured a stronger foundation and a clearer focus for its operations in 2026, the new year would be anchored on four strategic attributes—Execution Excellence, Profitable Growth, Partner of Choice, and Enterprise-First Mindset.

On execution excellence, Ojulari promised to “deliver results with discipline and speed by applying a more effective cadence — setting clear rhythms for planning, execution, and review. By prioritising critical tasks and systematically driving execution, we will identify risks early, enable data-backed decisions, ensure clear accountability for outcomes, and achieve consistent operational excellence.”

Ojulari assured profitable growth by embracing robust partnerships adding that NNPC Limited is committed to “pursuing intentional and value-driven growth. By focusing on the right projects and investments, strengthening efficiency and applying commercial rigour, we will grow profitably and responsibly, delivering sustainable returns for NNPC Limited and long-term value for our ultimate stakeholders — Nigerians”.

“We seek to earn trust as a dependable, transparent, and performance-driven partner. By keeping our word, working transparently, and acting with integrity, we will deepen relationships with joint venture partners, investors, contractors, and host communities, unlocking greater value and accelerating delivery. Our partnerships will reflect who we are and what we stand for.”

On the new strategy of developing an enterprise-first mindset among staff and partners, Ojulari said NNPC Limited must remain focused on its goals.

“We must continue to think and function as one enterprise — deepening professionalism, functional excellence, and talent development. We must entrench collaboration above silos, promote shared success over individual wins, and embrace a mindset that prioritises long-term impact over short-term gains.

“This way, we ensure that we move faster, execute better, and achieve more together.

“As we embrace 2026, let us do so with a renewed sense of purpose, confidence in our collective capability, and pride in the difference we are making. I am excited and believe you equally are about the journey and opportunities ahead of us”, he stated.

By: Lady Godknows Ogbulu