Nigeria: Govt Raises Hope for Indigenous Oil, Gas Operators
By Roseline Okere
The Federal Government expressed commitment towards tackling the issues that impact negatively on the oil and gas industry.
Specifically, the government has vowed to handle the lingering issues of back allocation of Basic Sediments and Water (BSW) during crude oil production reconciliation and the imposition of disproportionate volume of lost crude by some facility owners on indigenous operators.
The Department of Petroleum Resources (DPR) has promised to adopt measures that will address the challenges facing indigenous operator in the oil and gas sector.
The Director of DPR, George Osahon, made this pledge while receiving a Communiqué on behalf of the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke on a workshop on “Fluid Metering and Accounting in the Oil & Gas Industry” organised by the Nigerian Association of Petroleum Explorationists (NAPE) recently.
Osahon stated: “You will recall that there have been a lot of issues regarding NEITI and metering and about what we need to do, some of these issues emanate from here and we are paying a lot of attention to them.”
“The document (Communiqué) will come back for us to study and advice again on what we should do, how we should do it, and when we should do it. We will turn that into a plan of action of what we will do so that at least those companies that are suffering now especially those that are co- utilizing facilities will have a new lease of life”
Also speaking at the occasion, NAPE President, Adedoja Ojelabi, stated that the Workshop on Fluid Accounting and Metering was NAPE’s demonstration of its commitment to resolving issues that impact negatively on the oil and gas industry. She added that one of the ways NAPE does this is by providing platforms like the Special Management Workshop.
According to Ojelabi, “the production of the document has come out from a lot of work, meetings and the consensus reached by stakeholders. We hope that the document will be useful to the DPR, the government, the oil and gas industry and particularly Independents. We also see that industry is likely to witness more and more of such issues but we hope we can nip them in the bud before they become major irritations in the industry”
Also present at the occasion was NAPE’s President-Elect, Chikwendu Edoziem, (fnape) who was optimistic that the Communiqué, when adopted, will bring lasting solutions to the issues of Fluid Metering and Accounting in the Oil and Gas Industry