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Lessons for New Marginal Oilfield Awardees


As the marginal oilfields awardees strategise to develop and bring their allocated oil blocks to production, Peter Uzoho writes on the need for them to draw lessons from one of the previous marginal fields’ awardees and current operator of Egbaoma field
The development of oilfields into first oil or gas production poses a lot of challenges to the operators. Companies that lack the needed fund to deploy to field, the right technical competence, efficient cost management and unable to collaborate with the right partners often see themselves chickening out of the venture, leaving the fields fallow..
The challenges are quite diverse, ranging from funding, fiscal terms, partnership issues, availability of enabling facility, issue of pricing and off-taker, for gas, as well as political, governance and environmental hurdles. These challenges are partly responsible for the inability of the 11 of the 24 marginal oilfields awarded to oil companies during the 2003/2004 marginal f ....

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COVID-19: NNPC-IPPG Kick-Starts Support


In line with its commitment to the Nigeria oil and gas industry intervention initiative on the COVID-19 pandemic, being championed by the Nigerian National Petroleum Corporation (NNPC), the Independent Petroleum Producers Group (IPPG) in partnership with NNPC has made an initial donation of 5,000 protective suits and goggles / eyewear; 2,500 -FFP2 / N95 face masks, 500,000 protective surgical face masks and four brand new and fully-kitted Toyota Hiace Ambulances to support the national effort at mitigating the impact and curbing the spread of COVID-19 in Nigeria..
The donation, which was made at an event held in Lagos, is the first in a series of donations which will culminate in the provision of additional medical equipment, grassroots sensitisation and medical infrastructure as part of IPPG’s support of the Federal Government’s effort on the COVID-19 pandemic. ....

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