August 17, (THEWILL) – The Madu Conductor Supported Platform (CSP), produced by an indigenous company, will boost the initial gas conservation and monetisation in the near term when operational in September, 2022.
This was disclosed by Chief Executive Officer, FIRST Exploration and Petroleum (E&P) Development Company Limited, Ademola Adeyemi-Bero, Tuesday, during the official Load-Out of newly constructed Oilfield platform by Dorman Long Engineering Limited, held in Nigerian Naval Dockyard, Victoria Island, Lagos.
Adeyemi-Bero also said CSP would contribute additional 20,000 barrels of oil per day to Nigeria’s total offshore production.
According to him, the CSP is a critical and integral infrastructure for the next phase of growth within the OML 85 Asset. In addition, that engaging an indigenous company for its construction is a testament to Nigerian National Petroleum Company Limited (NNPC)/FIRST E&PS OML 83/85 Joint Venture belief in and commitment to Nigerian Content.
He said the CSP is a small platform that can contain eight to 10 wells, which he said when operational, will operate at a unit cost of less than $10 per barrel, in line with the government’s directive of producing and developing oil and gas for less than $20.
He said, this project is in addition to the Anyala Field investment in the delivery of oil production wells and necessary hydrocarbon processing and handling infrastructure (CSP, FPSO), which continues to sustain over 40,000 barrels of oil per day, thereby, generating stable revenue/income for the country.
He added that the firm was working toward reaching a production capacity of 100,000 barrels of oil per day, as well as gas to enable Nigeria be self-independent and boost employment of locals.
In his view, Chairman, Dorman Long Engineering Nigerian Naval Dockyard, Dr Timi Austen-Peters, said the project, which was executed by an indigenous company, was something the country would be proud of.
He said the platform, which would be producing about 20,000 barrels of oil and gas daily, means a lot for the Nigerian treasury, adding that this is a very significant contribution, as the country has been struggling to meet with its OPEC quota.
According to him, the benefits of the project include domestication of expenditure, employment of Nigerians and training of youths.
“We are not looking for dollars to go and give to foreign companies, rather we give it to Nigerian companies; we are spending the money locally and employing Nigerians, as well as giving youths the opportunity to get training so that they can also in the future do things like this. We are domesticating expertise and skills. We are making sure we keep everything in the country,” he said.
Also speaking, the Admiral Superintendent, Naval Dockyard Limited, Rear Admiral Hamza Ibrahim, said the Nigerian Navy, providing the enabling environment for the indigenous company to work, is in line with its contribution to national development, adding that the project will contribute to the national development of the country and the wellbeing of Nigerians.
He said the Navy also wishes to see Nigeria develop capacity in terms of self-reliance in building facilities of this nature, which he said is one of the major strategic reasons of Federal Government acquiring the Naval Dockyard.
Ibrahim added that the project, also an integral part of acquiring sea power and enhancing maritime activities in Nigeria, which the Navy, by constitution, is mandated to protect the maritime environment.
He said the Naval dockyard also enables Nigeria build capacity in terms of maintenance and building of military vessels by providing an enabling environment for this project to be built in it.
On his part, the Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, commended the management and staff of First E&P, Dorman Long and the entire project team for the hard work invested into making the project a reality.
Wunti, who was represented by the General Manager, Joint Venture Operation, Mr Buduwara Zakariya, said the project was in line with the President Muhammad Buhari unveiling of new NNPC Ltd with promise of guaranteeing reliable energy, while continuously creating value for all stakeholders.
He also commended the FIRST E&P Joint Venture for the successful delivery of the phase-1A scope of Anyala-Madu Field development project during the uncertainties of the Covid-19 pandemic, to sustaining offshore production operations in a safe and sustainable manner.
Wunti said NAPIMS is committed to supporting the Joint Venture to yet again deliver remarkably on the Phase-1b, adding that the Madu field development will raise the total JV production capacity to approximately 60,000 barrels of oil per day.
On her part, Deputy Director Management Systems Certification of Standard Organisation of Nigeria, Engr. Nwaoma Olujie said, “We can go places, we need to believe in ourselves. This is all local contents, it is an indigenous company, the people that had fabricated all these things are all Nigerians. And so, it is a huge milestone achievement and so we are Nigerians and we are there and we are going to continue in making the mark on the global land.”
“We are happy that everything was done by Nigerians and we are grateful to local contents development for the encouragement. Some of these structures seem they cannot be done in Nigeria, but we have done it in Nigeria”, Dorman Long Engineering Limited Project Manager, Victor Kanu, added.
About the Author
Janefrances Ebere Chibuzor is a Tourism Writer at THEWILL
