OGRepublic August Edition

INDUSTRY NEWS
Investors Proposes $500m for Gas Pipeline in Nigeria - DPR
Investors have proposed to spend
over $500m in building gas pipelines
and other facilities in Nigeria
following the implementation of the
Nigerian Gas Transportation Network Code
that was launched last year, the Department
of Petroleum Resources has said.
The Director and Chief Executive Officer,
DPR, Mr Sarki Auwalu, said this on Tuesday
at a media briefing on the occasion of the
first anniversary of operationalising the
network code in the country.
He said through the implementation of the
network code, the DPR was able to improve
the much-needed market alignment
between critical demand points for gas and
available supply opportunities.
Auwalu said, “To grow the Nigerian
economy with the Nigerian Gas Master Plan,
there is a need to stimulate the multiplier
effects of gas in the domestic market.”
He said the agency had so far issued 12
shipper (off-taker) licences, with three
licences under processing; one transporter
licence; and three agent licences.
Hon. Tom Alweendo, Namibia’s Minister of Mines and Energy
Nigeria Targets 50 Billion-Barrel Oil
Reserves, says DPR
According to him, the NGTNC ensures nondiscriminatory
access to the pipeline
system, and guarantees secure, available,
reliable and safe gas transmission system.
He said the network code had improved
investors’ confidence in the evolving
domestic gas market.
He said, “Confidence of investors across the
domestic gas value chain has shown a
positive trend through specific requests for
regulator’s support for gas supply to the
tune of over 500 mmscf/d and for
investments of over $500m.
“NC investment areas that the DPR has
received proposals on include power
generation, ammonia for fertiliser,
methanol plant, domestic LNG, virtual
pipeline systems, new gas hubs, and
establishment of a Nigerian Gas Trading
Exchange.”
Auwalu said the agency would in this second
year revise the network code with all
relevant stakeholders’ feedback, adding
that it would extend the code to cover
distribution systems.
The target of the Federal
Government i s to i n c re a s e
Nigeria’s oil reserves from 36.91
billion barrels to 50 billion barrels in the
short to medium term, the Department
of Petroleum Resources announced.
Director/Chief Executive, DPR, Sarki
Auwalu, announced this during a
workshop with industry partners
recently.
He also disclosed that the regulator
would inaugurate annual awards for
companies, projects or individuals who
add value to the Nigerian oil sector
through enhanced recovery of the
country’s oil and gas resources.
Auwalu in a statement issued by the Head
of Public Affairs, DPR, Paul OSU, said the
Improved Oil Recovery/Enhanced Oil
Recovery Awards were part of deliberate
engagements with industry partners to
achieve maximum economic recovery
strategies for Nigeria.
Auwalu noted that the Federal Government,
through the MER strategies, was also
targeting to increase Nigeria’s proven gas
reserves from 206.53 trillion cubic feet to
250TCF.
According to him, companies, individuals,
fields, research institutions and technologies
were eligible for the IOR/EOR awards.
He said the industry initiative was one of the
outcomes of the work of the National Oil and
Gas Excellence Centre, Lagos inaugurated in
January by the President Muhammadu
Buhari.
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