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- The GMD NNPC said the illegal Niger Delta refineries will produce 1,000 barrels of oil per day
- He said the federal government will now youth involved organizing in illegal refining of crude in consortiums
- He noted that every consortium 1,000 barrels of crude refining daily
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti pen, a little light shed on the modular refineries Federal Government plan for the Niger Delta.
GMD NNPC, Maikanti pin
Premium Times reported that Mr. Maikanti, organize at the 53th International Conference and Exhibition of the Nigerian Mining and Geosciences Society (NMGS) in Abuja, said the government will now youth are involved in illegal refining of crude in consortiums.
NAIJ.com collect every consortium 1,000 barrels of crude refining daily.
Mr pin also defended plans to transform the federal government's commitment to illegal refineries in the Niger Delta in legal entities for proper integration of youth in the region.
He argued that to focus on consortia the Youth 1,000 barrels per day modular refineries will get them off to create criminality and jobs.
He said the reform program carried out by the NNPC aimed at transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission.
In a paper entitled "Challenges and Prospects for the diversification of the Upstream, downstream and Frontier Basin Exploration in the oil and gas sector," Mr. pin said NNPC the opportunities identified in the power sector and ready to take advantage of them taking to was transforming from a gas supplier to the power sector, in a major player in the sector.
He said the corporation has been working on a project to generate electricity four megawatts (4000MW), while also the possibility of investing in the transmission segment of the power sector inquiry.
The GMD explained that the decision of the Corporation to diversify into the power sector is hinged on the need to bridge the energy gap in the Nigerian market.
Illegal Niger Delta refinery
He said contrary to the impression that the poor power situation caused by insufficient Gas supply, the real problem was insufficient transmission capacity, adding that there is enough gas to eight gigawatts (8GW) of electricity, but the transfer time available such volume does not support generate power without complications.
In the upstream, he said his goal was to accelerate the exploration and limit growth crude oil reserves to 40 billion barrels from the current 37 billion.
He also questioned deployed geoscientists on the need for more advanced technology and drill deeper than to produce the current 13,000 to 15,000 feet in the Niger Delta oil.
"We have to go deeper to see intensive 3D and 4D seismic surveys on the so-called mature Niger Delta. The older, the better," he declared.
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