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Tuesday, April 23, 2024

NNPC unveils ambitious plan to overhaul petroleum pipeline network

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Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), announced on Thursday plans to replace the company’s expansive petroleum products pipeline network within three years.

Speaking at the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, under the theme, ‘Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation, and Security,’ Kyari underscored the importance of pipelines as the most cost-effective means of product transportation. He revealed that NNPC’s network spans over 5,000km across nearly all geopolitical zones, comprising 27 stations.

Highlighting the imperative for pipeline replacement due to aging infrastructure, Kyari outlined the commencement of a Build, Operate, and Transfer (BOT) process to overhaul the network within a stringent three-year timeline. He assured attendees that ongoing efforts would reinforce the network’s capacity to efficiently deliver products nationwide.

Emphasizing the critical nature of pipeline renewal, Kyari assured stakeholders of NNPC’s commitment to meeting the specified timeline. He attributed recent improvements in oil asset security to enabling the country to achieve its crude oil production targets, currently standing at 1.6 million barrels per day.

Kyari also elaborated on NNPC’s initiatives to boost domestic gas supply, highlighting projects such as the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano pipelines. These infrastructural endeavors aim to bolster Nigeria’s energy access and enhance the nation’s gas supply network.

Furthermore, Kyari outlined plans for floating Liquefied Natural Gas (LNG) projects, with two projects slated for Final Investment Decisions in 2024. This strategic move aligns with NNPC’s ambition to expand gas export capabilities and tap into international markets.

In recognition of NNPC’s pivotal role in the energy sector, Salahuddeen Tahir, Chairperson of the Society of Petroleum Engineers Nigeria Council, stressed the significance of energy in modern society. He advocated for a diversified and sustainable energy transportation system to mitigate climate change and enhance energy security.

The event also witnessed NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, being honored with the 2024 Distinguished Spokesperson in Oil and Gas award by the Nigerian Institute of Public Relations. Soneye dedicated the award to Kyari and NNPC’s corporate communications team, reaffirming their commitment to excellence in representing Africa’s largest oil and gas company.

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