Page 12 - AfrOil Week 24

AfrOil
nEWs in bRiEf
AfrOil
gure was the highest production recorded for gas in the last 12 months.
nnPC, june 10, 2019
Shell Nigeria calls for action on theft
Shell Nigeria has called for stakeholders’ concerted e orts to curb the incessant vandalism of crude oil-bearing pipelines, highlighting the danger of continuous sabotage to people and environment. e General Manager, External Relations of e Shell Petroleum Development Company (SPDC), Igo Weli, said such e orts to curb pipeline sabotage will save lives, secure communities and protect the environment.
Weli spoke in Lagos on ursday at a Media Workshop on Pipelines Right of Way Encroachment and Vandalism. “Shell is concerned the repeated sabotage of recently repaired pipelines exposes the environment and people to renewed and worsening pollution. Oil the is focused on short term scal bene ts, ignoring the long-term e ects of environmental degradation.”
He said, “Since 2017,sabotage spill rate has risen steeply and crude oil the from SPDC JV’s pipeline network averaged 11, 000 barrels per day in 2018, an increase of about 20% over previous year. e number of sabotage-related spills increased in 2018 to 111 compared to 62 in 2017 and, since 2012, SPDC has removed more than 1,160 illegal the points.”
Also speaking at the workshop, Shell’s General Manager,Safety and Environment, Chidube Nnene-Anochie, said irrespective of the cause, SPDC cleans and remediates areas impacted by spills from its facilities.”
According to Nnene-Anochie, “SPDC implements work programmes to appraise condition of, maintain and replace key sections of pipelines and owlines. In 2018, for example, we installed 70 kilometres of pipelines and 188 kilometres of owlines. Over the last seven years, SPDC has replacedapproximately 1,300 kilometres distance of ow lines and pipelines.”
She said, “In line with industry regulations, SPDC only pays compensation if the spill is operational. ”Towards the UNEP Report- guided Ogoni Clean Up, Weli said, “SPDC actively supports the clean-up process along with other stakeholders. SPDC remains fully committed to providing its share of US$900 million (N283.73 billion) over ve years to the Ogoni Trust Fund as stipulated in the Hydrocarbon Pollution Remediation Project (HyPREP) gazette and the agreed governance framework.”
“ e SPDC JV has completed its rst-year contribution of US$180 million (N54.54
billion). Early 2017, the SPDC JV made available US$10 million to help set up HyPREP o ce and in July 2018, joint venture deposited additional US$170 million (N51.52 billion) into an escrow account to fund HyPREP’s activities.”
sHEll nigERia, june 14, 2019
Eni defendants opt out in Malabu trial
Eni defendants in the Malabu trial, in Milan, opted not to appear in court to give evidence, the Premium Times reported. e exception, on June 12, was Vincenzo Armanna, who has accused his colleagues of seeking kickbacks.
e Nigerian report also said Peter Cameron, a tax consultant for Shell, had been “taken to task” on his expert report on the 2011 deal, which has been heavily criticised.
Cairn reports payments
Cairn Energy paid US$107,000 in licence fees in Senegal for 2018, the company said. It also paid US$1.25 million for licence fees in Cote d’Ivoire, on the CI-301, CI-302, CI-518, CI- 519, CI-520, CI-521 and CI-522 blocks. CaiRn EnERgy, june 12, 2019
African Energy Chambers
rejects Panorama report on
Senegal
e African Energy Chamber rejects
the accusations made by the recent BBC Panorama program on Senegal and believes this case is about a sinister rush to judgment, an obsession to taint a reform-driven President and the oil industry at any cost and by any means, and certainly without an understanding of the facts and how the oil industry works.
It is important that in this rush to judgment, truth and an understanding of the oil industry should be the number one priority rather than overlooking and manufacturing evidence.
As per the Senegalese Petroleum Code, BP’s acquisition of the blocks is well in line with the current tendering processes applied in Senegal. Prior to its acquisition of the Cayar Profond and St Louis Profond o shore concessions, BP conducted extensive and appropriate due diligences to ascertain the ownership and operation of the block. is was the same with Kosmos Energy.
Taking into consideration BP and Kosmos Energy’s strong compliance practices and adherence to the U.S Foreign Corrupt
P12
w w w . N E W S B A S E . c o m
Week 24 18•June•2019