Saturday, February 27African Business News
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Tag: DPR

Nigeria losing jobs to China over moribund facilities, says DPR

Nigeria losing jobs to China over moribund facilities, says DPR

Economy
The Department of Petroleum Resources (DPR), yesterday, raised concerns over moribund oil and gas facilities across the country.    Speaking during a visit to one of such facilities, a fabrication yard located at Ilase Village, Snake Island, Lagos State, Director of DPR, Sarki Auwalu, said the development would limit domestic refining capacity and hinder projected benefits.He insisted that the Federal Government was, however, committed to reactivating the moribund oil and gas support facilities across the country.   He added that the move was part of the government’s effort to increase domestic refining capacity and gas utilisation to curb unemployment and poverty in Nigeria.   Auwalu expressed dissatisfaction that the facility which was licensed to...
Oil production resumes on Bonga as operator concludes maintenance

Oil production resumes on Bonga as operator concludes maintenance

Energy
Following concerns raised by the Department of Petroleum Resources (DPR), on non-compliance to COVID-19 protocols in offshore oil fields, operators of the Bonga oil field have allayed fears, noting that production is being ramped up on the field. According to the Shell Petroleum Development Company of Nigeria (SPDC), the Bonga Floating Production, Storage and Offloading vessel was restarted on June 15, 2020, and production is ramping up after the successful completion of the scheduled maintenance activities ahead of schedule. Shell’s spokesperson, Bamidele Odugbesan, while reacting to reports about the disruption of maintenance efforts at the Bonga oil field, allegedly forcing the oil producer to evacuate workers due to a coronavirus outbreak, said the project had already been co...
DPR yet to issue guidelines on marginal field bid rounds

DPR yet to issue guidelines on marginal field bid rounds

Oil & Gas
The Federal Government, through the Department of the Petroleum Resources (DPR), yesterday, said it is yet to issue guidelines on the proposed bid rounds in Nigeria’s marginal oil fields, adding that such exercise cannot be done in secrecy. Accordingly, the DPR expressed concern that a lot of fake documents are circulating on social media concerning the marginal field round, noting that the last bids were done 17 years ago, and therefore cannot be done in privacy. DPR Director, Sarki Auwalu in his presentation on, “The Nigerian oil and gas landscape: A world of opportunities for investments and partnerships,” at the Oil and Gas Trainers Association of Nigeria (OGTAN) webinar series, said the Department is not a regulator but a facilitator of opportunities. With no ...