The Federal Government and international oil companies (IOC) in Nigeria lifted 751.3 million barrels worth $32.3 billion between July 2015 and June 2016. A document obtained from the Nigerian National Petroleum Corporation (NNPC) by New Telegraph, showed that oil independents and multinationals led by Shell, ExxonMobil and Chevron lifted 475,960,905 to rake in $20.6 billion ($20,561,284,379) during the period under review.
A breakdown of the crude lifting showed that while the total lifting by NNPC on behalf of the Federal Government amounted to 257,803,865 million barrels, the IOCs and independents, including Shell,Chevron, ExxonMobil, Total and others lifted 475,960,905 million.
The Federal Inland Revenue Service (FIRS) lifted 53,864,655 barrels and made $2.3 billion ($2,344,045,678) during the time under review, while the Department of Petroleum Resources (DPR) lifted 8.3 million barrels (8,256,997) worth $306.6 million.
NNPC lifted 50,278,066 worth $2,151,090,683 as federation export and 145,404,147 barrels worth $6,155,258,668 between July 2015 and June 2016. Grand total of crude lifting during the period was 751,293,617 barrels worth $32, 229,936,141.
These developments came as 16 international consultants began race for Nigeria International Oil and Gas Summit (NIOGS) contracts. The federal ministry of petroleum resources had on behalf of the government called for entries, stating that any profit generate from the event sales would be shared with the ministry on a predetermined basis.
The Nigeria International Oil and Gas Summit (NIOGS), a document of the ministry stated, “is a national resource event, which will serve as a platform for Nigeria to engage the investment community, as well as directly market her oil and gas sector as credible business investment destinations to a global audience.
“In line with international best practice, Nigeria will maintain ownership and control over the NIOGS. The private company to be appointed as consultants to organise the event will, however, bear 100 per cent financial risk for the event, including payment for venues, pre-financing the social functions, including galas and lunches.
Any profits generated from the event sales will be shared with the Ministry on a pre-determined basis. “Further to the provisions of the Public Procurement Act, 2007 and extant regulations thereto and in compliance with international competitive bidding process, the Ministry of Petroleum Resources in conjunction with the Nigerian National Petroleum Corporation (NNPC) solicits for Expression of Interest from qualified and compe-tent Consultant with international experience.
The organisation of NIOGS by a consultant with international experience, will be held in Abuja, Nigeria, in the first half of 2017. A source at the ministry told this newspaper that over 16 consultants have submitted bids for the contract. Meanwhile, NNPC has restated its commitment to the development of Nigerian content in the oil and gas industry.
Group Managing Director of the Corporation, Dr. Maikanti Baru, said this in Port Harcourt. He added that the successful commissioning of the Total Egina module would guarantee the drilling of the first oil from the 200,000 barrels per day Egina field by the first quarter of next year. According to him, what is being celebrated is the efficacy of the Nigerian Content Act and, the NNPC is strongly committed to the successful implementation of all provisions of the Act.
Managing Director of Total, Nicholar Terahz, added that the Egina project was the largest contributor to the development of the Nigerian content in the oil industry being the largest offshore project currently going on in the country. He noted that the employment opportunities and technology transfer the project had generated contributed significantly to the nation’s economy.
On his part, the Managing Director of Saipem, Guido D’Aloisio, said the performance of Nigerian engineers on the project was commendable, adding that the country would be proud of it. Amid renewed militancy in the Niger Delta, the Federal Government has lost a total of N153.504 billion to crude theft in the last one year as the menace surged.