General

NNPC Boss reels out successes, clocks two in office

The Nigerian National Petroleum Corporation (NNPC) would continuously remain globally competitive to ensure value addition to the nation's hydrocarbon resources for the benefit of Nigerians and other stakeholders.

The NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this in Abuja while addressing the Corporation's staff via a mail broadcast to commemorate his two-year anniversary as the Group General Manager GMD of the NNPC.

Dr. Baru, who described his two years in office as GMD as very exciting, also said that ever since he was appointed by President Muhammadu Buhari, he had enjoyed a great level of support from all staff in moving the corporation forward.

Going forward, our priority will be to remain globally competitive. In pursuing this, we will ensure the gradual transition of NNPC from an integrated oil and gas company to an energy company.

We will also review our business models to reflect current operations reality with improved profitability, transparency and accountability as the cornerstone, Dr. Baru told staff in a nine-page address.

He noted that his administration would ensure improved collaborations with local communities, states, local governments and relevant agencies, improved security and safety of personnel and infrastructure, improved human capital development as well as optimized NNPC's non-core oil businesses.

The GMD said his 12 Business Focus Areas (12 BUFAs) was designed to succeed, having emplaced aggressive business improvement policies to ensure NNPC's performance threshold across the oil and gas value chain.

He noted that NNPC under his watch had initiated and successfully completed milestone deliverables in the Upstream, Midstream, including the refineries and in the Downstream, leading to improved performance and business stability across the corporation's major operations and entire value chain activities.

In the upstream sub-sector, Baru said the corporation had worked hard to sustain production level from the nation's assets to above average of 2million barrels per day in 2018.

In the midstream sub-sector, Dr. Baru observed that NNPC had remained a critical gas supplier to the domestic market with a dominant market share and supporting Government's gas-to-power initiative, currently supplying an average of 720MMscf/day which represents about 47% of total gas supply to the domestic gas market.

He said under his watch, the nation celebrated a record highest peak power generation of 5222MW on 18th December 2017 with 76 percent of the generated power from thermal power plants.

Gas supply to industries has also increased with an average daily supply of about 450mmscfd.

In addition, we kicked off the 614km Ajaokuta-Kaduna-Kano (AKK) pipeline project, after obtaining FEC approval for the EPC of the Ajaokuta-Kaduna-Kano gas pipeline on 13th December 2017.

The pipeline on completion is expected to deliver gas to the ongoing Abuja, Kaduna and Kano Power Plants with the potential to generate additional 3600MW to the national grid, Dr Baru noted.

In the downstream, Baru said a milestone had also been achieved in rehabilitating and putting back on stream key downstream infrastructure that are critical to sustaining smooth and cost effective distribution of petroleum products across the country.

Despite challenges of vandalism, sabotage and aging infrastructure, Dr. Baru noted the NNPC had achieved milestones in revamping the corporation's critical oil & gas infrastructure.

Products supply availability was sustained across the country through a combination of Direct Supply Direct Purchase (DSDP) initiative and Forex (FX) provision to pre-qualified third-party importers, he stressed.

On the refineries, Dr. Baru said despite the numerous challenges, the refineries have remained operational and strategic in their contribution to petroleum products availability to support domestic supply across the nation.

Dr. Baru then charged the staff of the Corporation to work towards making NNPC a great Organization that will be the pride of its founding fathers.

It would be recalled that Dr Maikanti Baru was appointed the 17th Group Managing Director of NNPC by President Muhammadu on the 4th of July, 2016.

Source: Voice of Nigeria