The NNPC upstream operations are in joint partnerships with the major oil companies. These multi-national E & P (Exploration and Production) companies are operating predominantly in the on-shore Niger Delta, coastal offshore areas and lately in the deep waters. As with many other developing countries, the multinationals in Nigeria had been operating under what is called a concession system, with NNPC being the concessionaire, while the companies are the operators. NNPC also is responsible for the management of the exploration bidding rounds for oil and gas.
The multinational oil companies operate in partnership with NNPC under Joint Operating Agreements (JOAs) or Production Sharing Contracts (PSCs). Others, especially the indigenous oil companies, operate in partnership with international companies under sole risk or as independents. Nigeria's petroleum industry is well grounded in successful exploration, beginning with the first commercially viable discovery at Oloibiri in the Niger Delta in 1956, with a modest production rate of 5,100 barrels per day. Reserves of crude oil stand at 28.2 billion barrels. Natural gas reserves total 165 trillion standard cubic feet (scf), including 75.4 trillion scf of nonassociated gas.
An important ingredient in NNPC's exploration success is the Integrated Data Services Ltd (IDSL), a subsidiary of NNPC. IDSL is one of the largest and most advanced earth science facilities in Africa. Field data is sent to IDSL for analysis using advanced computer systems, giving the company the critical edge in its upstream operations. IDSL processes and interprets in 3-D configurations data from the hydrocarbon reservoirs. This technological capability is instrumental in developing reservoir management strategies, which provide optimum recovery rates over the life of a field.
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ISAIAH OIL AND GAS LIMITED | 11 |
Sonnenbergstr. 3, 8172 Niederglatt, Zurich, Switzerland.
AGENT INFORMATION
Name MACK
Tel: 00102172694
EmilL provagen22@gmail.com
IDSL has been responsible for most of the country's major oil discoveries and is continuing an intensive exploration programme to increase the nation's hydrocarbon reserves.
NNPC through its subsidiary the Nigerian Petroleum Development Company (NPDC) is directly responsible for four oil and gas fields with a total production of 15,000 bpd.
NPDC is committed to expand its production capacity and has thus entered into strategic alliance with Agip Energy to develop the Okhono offshore field.
The Nigerian Gas Company, a subsidiary of NNPC transmits gas to major commercial centres in the country. The Escravos -Lagos pipeline feeds the commercial nerve-centre of the nation, as well as fuelling the main power station at Egbin, near Lagos.
11
ISAIAH OIL AND GAS LIMITED | 12 |
Sonnenbergstr. 3, 8172 Niederglatt, Zurich, Switzerland.
AGENT INFORMATION
Name MACK
Tel: 00102172694
EmilL provagen22@gmail.com
