The last 25 years have seen the role of indigenous companies evolve. The IOCs used to lead production on the African continent, but today indigenous companies are gradually evolving and making significant production contributions. #OandoAtAOW2018 /1
In terms of production and resources, there has been huge growth on the continent. While Nigeria remains the largest oil producing country in Africa, there have been discoveries across the continent which have created competition for investment capital. #OandoAtAOW2018 /2
There has however been a decline in the contribution of African countries to oil production worldwide. This is mostly a function of reserves and development capital. #OandoAtAOW2018 /3
In the Middle East, for example, the reservoirs are more prolific and development cost per barrel much lower. They can produce several thousands of barrels from one well / field but African countries will produce the same quantity from several wells / fields. #OandoAtAOW2018 /4
The major challenge in African oil and gas is that most of our policies are not harmonised. Secondly, our facilities are exposed to corrosion because they are mostly in water, and then there is vandalisation by militants especially in Nigeria. #OandoAtAOW2018 /5
All these factors have really slowed down the production growth in Nigeria specifically. #OandoAtAOW2018 /6
Speaking to the future of oil, an interesting school of thought is that there will be a huge reduction in demand and possibly no market for oil and gas, especially with the shift to renewables. #OandoAtAOW2018 /7
In my opinion, demand will definitely reduce, but there will always be a market for oil and gas, because demand growth for oil in sectors like petrochemicals, heavy industry, aviation, and other heavy transport keeps expanding significantly. #OandoAtAOW2018 /8
The demand for fuels from developing countries will also ensure that demand for oil and gas stays high. Demand will definitely shift but oil and gas will still be relevant. - Babafemi Onasanya, GM, Sub-Surface #OandoAtAOW2018 /9
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‼️ICYMI: In partnership with @republicjournal, we are accepting essays exploring the current state of Nigeria, patriotism & how Nigerian citizens can channel resources towards a more progressive future, ahead of #NigeriaAt60
Send an analytical and engaging essay of 800 to 1000 words that provides a progressive roadmap across the following lenses:
👉🏾 Culture & Society e.g. promoting our thriving cultural landscapes as sources of identity, representation & national pride.
3/ 👉🏾 Gender e.g. the key steps Nigeria must take to establish more gender-inclusive, progressive communities; the historical contributions of female leaders to the public sphere.
👉🏾 History e.g. the historical significance of Nigerian independence 60 years on.
Earlier today, our GCE, @AdewaleTinubu and Emeka Okwuosa, CEO @osltweets attended the flag-off ceremony for the construction of the Ajaokuta-Kaduna-Kano Gas Pipeline Project (the “AKK Pipeline”), by the President @MBuhari as a consortium partner #AKKProject
In 2018, following an extensive due diligence and bid process, the Oilserv-Oando PLC consortium was awarded the Engineering, Procurement, and Construction (EPC) mandate for segment 1 of the AKK Pipeline Project by the @NNPCgroup. #AKKProject
The project is a 614km section of the Trans-Nigeria Gas Pipeline (TNGP) with the capacity to transport about 2.2billion cubic feet of gas per day. It will boost domestic utilization of natural gas for Nigeria’s socio-economic development and will
1/ The pandemic has been very good for robots. Instead of putting humans at risk of contracting and spreading the virus to others, robots are rolled out in all sorts of arenas.
Here are a few examples of how the world is taking advantage of these technologies.
2/ In workplaces: Especially in Asia, robots are being used to check in on visitors and employees entering office buildings-taking temperatures, and reminding people to put on masks.
3/ In hospitals: Robots are being used to help disinfect rooms and corridors using UV light and to carry medical supplies around for workers. Hospitals in Belgium have begun using robots to help check in new patients and escort them through the hospital.
1/ Over the past few months in conjunction with our JV partners the Nigerian National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company (NAOC), we have actively responded to the pandemic through medical and non-medical interventions.
2/ Last week, we commissioned an isolation facility aimed at providing critical infrastructure to curb the spread of #COVID19 within Delta State.
The facility is equipped with a capacity of 70beds, a pharmacy, X-Ray room, side laboratory, power generator, amongst other resources.
3/ Over the years, we have carried out sustainable initiatives in our host communities through various programmes, including access to quality healthcare. Over $130million has been invested executing ~340 projects in the four states where we operate (Bayelsa, Delta, Imo, Rivers)
1/ This year’s #WorldEnvironmentDay theme is “#Biodiversity”.
According to @UN Biodiversity is the foundation that supports all life on land and below water.
Changing, or removing one element of this web affects the entire life system and can produce negative consequences.
2/ As a company, we remain committed to a sustainable world which is reflected in our CSR initiatives. A few of these include the retrieval of ~5t of #plastic polluting the five cowry creek waterway, a commitment to #reducing, #reusing & #recycling our waste.
3/ Last year, we recycled 1373.7kg of waste with the intention to reduce these figures over time. We have also empowered over 38,550 farmers in over 120 communities with the aim of contributing to conservation & sustainable use of #biodiversity through agriculture.