noted that, in addition, it had begun another project to deliver 100 MCF/d of raw gas to PanOcean Oil Corp to utilise its spare capacity available in the Ovade Ogharefe gas plant.
& The Locals: The Department of Petroleum Resources (DPR) is the E&P and downstream regulator and supervises all operations carried out under oil and gas licences.
5 million, primarily due to a decrease in executive compensation and a decrease in corporate SG&A as a result of the spin-off of NPDC
in the fourth quarter of 2004.
Victor Briggs was promoted to group executive director of NNPC's unit NPDC
NNPC's E&P arm NPDC
has been tasked with increasing its crude oil and natural gas production from 102,000 b/d of oil equivalent to 250,000 b/doe by 2015.
Fred Bertsch, assistant chief of staff for Functional Integration Management (FIM) at NPDC
, explained that the RIT brought two models to the table that are in use today.
Task Force Excel continues to exist as a separate department in NPDC
, and will continue to be a player in making sure we are on the cutting edge of training our Sailors in the future.
As previously announced, GP Strategies completed the spin-offs of GSE on September 30, 2005 and NPDC
on November 24, 2004.
NIGERIAN OIL/CONDENSATE PRODUCTION & CAPACITY - 000 B/D JVs Aug 2011 2011 2013 Shell Nigeria Fields Output Capcty Target Shell 30%; NNPC 55% Bonny Lt & Med; Total 10%; Agip 5% Forcados 400 760 700 Mobil Producing Qua Iboe 290 500 500 ExxonMobil 40%;NNPC 60% Oso Condensate 100 100 100 ChevronNigeria Chevron 40%; NNPC 60% Mainly Escravos 280 350 340 Total Total 40%; NNPC 60% Several Fields 160 200 210 Agip Agip20%;NNPC60% C-Phillips 20% Brass River 140 170 180 Texaco Chevron40%;NNPC60% Pennington 20 20 20 Total JVs: 1,390 2,100 2,050 PSCs (Shell, Mobil, Chevron, Total, Etc) 700 960 1,200 AFCs (several firms), NPDC
& Locals 510 660 890 SCs 10 10 10 Grand Total: 2,610 3,730 4,150
Its units include upstream departments, National Petroleum Investment Management Services (Napims) which oversees the oil producing JVs, a group which monitors the PSAs, NPDC
, Integrated Data Services which provides seismic and reservoir evaluation services, and Nigerian Gas Co.
Subsequent to the spin-off, GP Strategies ceased to have any ownership interest in NPDC
, and the operations of NPDC
, which include Five Star Products, Inc.
will assign the rig to Allied for a term of sixty days, during which Transocean personnel will continue to operate.