The Nigerian Petroleum Development Limited (NPDC) has taken a swipe at its critics with the recent increase in production from one of its new assets, Oil Mining Lease (OML) 26 from 5,000 barrels of oil (bbls) at the point of take-over to 11,000 bbls, representing about 110% increase.
Mr. Iyowuna Briggs, Managing Director of NPDC made this pronouncement while hosting members of the NNPC PENGASSAN Group Executive Council (GEC) recently at the Company’s Head Office, Benin-City.
Keen followers of events in the Oil & Gas industry would agree with the fact that in the past few months, NPDC has been abashed with series of media attacks by people who frowned at the Federal Government’s decision to hand over a few oil blocks to the company as operator. They claimed that the company would not be able to operate optimally.
The MD said he was amazed at some media reports which claimed that production from OML 26 has reduced drastically since NPDC took over operatorship. These insinuations however raised his curiosity and became topmost on his priorities when he assumed office.
He said: “I was particularly touched by a newspaper report which asserted that NPDC was grinding the new assets to a halt, so when I resumed, I sought for clarification and to my surprise, the story was the other way round: production in OML 26 had doubled within six months”.
The MD went further to explain that when NPDC took over OML 26 from the previous operator, Shell Petroleum Development Company Limited (SPDC), production stood at 5,000 bbls of oil, but now, it has soared to 11,000 bbls and it is still soaring higher.
“This is very remarkable. This has proven that we are capable of moving this company forward. This has shown that together we can achieve our much desired objective which is to produce 250,000 boepd by 2015”, the MD said.
To keep pace with its growth aspirations, Management recently reviewed NPDC Business Plan. According to Mr. Iyowuna Briggs, part of the new plan is to drill about 40 wells in the next five years. This is a huge task but the MD is certain that the objectives can be achieved.
He based his assertion on four reasons. The first reason is that NPDC has people who are competent on the job, people who have demonstrated in no small measure their readiness to transform NPDC to a world-class Oil and Gas company.
Secondly, the assets are available. All thanks to the Federal Government for its magnanimity in assigning new assets to NPDC. As the MD puts it, this is the first time Government is giving assets to its National Oil and Gas Company and the assets on the other hand have significantly boosted our reserves.
Thirdly, the financial resources are available. Thus, what is needed now is the unflinching commitment and focus from staff, a change of attitude to ensure the attainment of the 2015 goal.
Responding on behalf of NNPC PENGASSAN GEC, the Chairman, Mr. Francis Johnson, thanked Management for its relentless efforts in repositioning NPDC. He promised to communicate the message of change and commitment to its members so that collectively, the goals and aspirations of our great company would be achieved within the set time frame.
Mr. Francis Johnson also used the opportunity to solicit for the construction of a permanent living quarters for field staff in the Oziengbe flowstation even as he expressed the gratitude of the union to NPDC Management for constructing a befitting living quarters at the Oredo flowstation in Edo State.