Home Business Energy Kachikwu visits Erha FPSO to boost crude production, unlock gas, as ExxonMobil debunks rumor about exiting Nigeria
Energy

Kachikwu visits Erha FPSO to boost crude production, unlock gas, as ExxonMobil debunks rumor about exiting Nigeria

Share
Share

 

The Honorable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Saturday 13th of April visited the ERHA FPSO operated by ExxonMobil Nigeria. This visit by Dr. Kachikwu not only marks a defining one for the Nation but also highlights a personal achievement for the Minister considering that he took on his current portfolio from his then position as the Executive Vice Chairman of Mobil Producing Nigeria Unlimited and General Counsel for ExxonMobil Nigeria affiliate Upstream and Downstream Companies in Nigeria.

This latest round of visits to the FPSO’s is to provoke the Oil Production Fields of Nigeria to ramp up their crude production and unlock gas in line with the Gas Revolution Agenda of the #7BigWins. He was received by Richard Laing, Executive Director and Production Manager of ExxonMobil Nigeria while Scott Hommema, PhD, the General Manager, Deepwater Operations and Joint Interest, took him and his delegation on a tour of the FPSO.

While addressing key business concerns of ExxonMobil Nigeria, Dr. Kachikwu urged them to not only focus on the profitability of the firm but also on giving back to the society having been doing business around the country for a long time. He commended the crew on behalf of the Federal Government of Nigeria for their sacrifice, urgency of attention and value addition while conveying President Muhammadu Buhari’s deep commitment to the welfare of those on the production fields.

Dr. Kachikwu name-checked the Department of Petroleum Resources’ automation initiatives that include Crude Oil and LNG Tracking (COLT), Automatic Downstream System (ADS) and Accelerated Lease Renewal Program (ALRP). He also referenced the community engagement drive of the organization evidenced by the peace and harmony seen in operating areas. The Executive Director and Production Manager of ExxonMobil Nigeria, Richard Laing, also used the opportunity to firmly debunk the unsubstantiated rumor about the Organizations exit from Nigeria. He further noted that the ERHA field is located in Oil Mining Lease (OML) 133 and ExxonMobil Nigeria holds a 56.25% participating interest while Shell Nigeria Exploration and Production Company (SNEPCO) holds the remaining 43.75% share. The Floating, Production, Storage and Offloading (FPSO) has about 2.2 million barrels of storage capacity making it one of the largest of its kind, globally.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Seplat Energy’s Nine Months Operating Profit Jumps To N411.3billion In 2024

Seplat Energy PLC has released its unaudited results for the for the...

Shell To Acquire combined-cycle Power Plant In Priority U.S. Trading Market

PRESS RELEASE—Shell Energy North⁵ (SENA), a subsidiary of Shell plc (Shell), has...

Seplat Gets FG Nod To Acquire 100% Stake In ExxonMobil

BY NKECHI NAECHE ESEZOBOR--The federal government has granted official approval for Seplat...

NCDMB, UBEC Sign MoU On Smart Schools Initiative

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic...