Catalyzing Investment in Nigerian Energy: Platform Petroleum Limited Joins African Energy Week 2023 as a Silver Sponsor

PRESS RELEASE

Catalyzing Investment in Nigerian Energy: Platform Petroleum Limited Joins African Energy Week (AEW) 2023 as a Silver Sponsor

Platform Petroleum Limited will participate as a silver sponsor at African Energy Week 2023, driving discussions on the role Nigerian-based E&P companies play in driving the next wave of energy developments in the country

JOHANNESBURG, South Africa, September 4, 2023/ -- The devleopment of the country’s 37 billion barrels of proven crude oil reserves and 200 trillion cubic feet of natural gas will position Nigeria as both a regional petroleum hub and major global exporter, creating a wealth of opportunities for economic growth on the back of hydrocarbon revenue. Leading the charge to monetize domestic oil and gas resources are Nigerian-based E&P companies such as Platform Petroleum Limited, a company which remains dedicated to driving investment and development across Nigeria’s oil and gas sector.

Platform Petroleum Limited has joined the African Energy Week (AEW) 2023 conference and exhibition, scheduled for October 16–20 in Cape Town, as a silver sponsor. This strategic sponsorship underscores Platform Petroleum Limited's steadfast commitment to expanding Nigeria’s energy sector. As a wholly Nigerian-owned company, Platform Petroleum Limited stands as a shining example of dedication, aiming to play a pivotal role in reshaping the continent's energy landscape and providing sustainable solutions to fuel Africa's growth.

Platform Petroleum Limited's remarkable journey in Nigeria's energy landscape has yielded triumphs, with the Egbaoma Field as a shining example. Covering 136 square kilometers within OML 38 in the Northern Depo-belt of the Niger Delta Basin, this field has been a significant milestone for the company. Secured in 2003/2004, the field development activities commenced in 2005 in joint venture partnership with Newcross Petroleum, and by 2007, first oil was achieved. Since then, Platform Petroleum Limited has continuously improved and optimized operations, with over nine workover operations, three wells drilled, and two side tracks executed to date. Additionally, the company achieved remarkable milestones in 2018. The year concluded with a cumulative production of over one million barrels and significant revenue growth compared to the previous year.

In the gas sector, the Platform/Newcross Joint Venture executed additional commitments, increasing lean gas supply to 45 million standard cubic feet per day with various third-party off-takers. A pivotal moment in the field's development was the upgrade of the Flow Station in 2013/2014 to include XHP Production and Test Separators, allowing for the optimization of gas condensate Wells and handling 40MMscfd gas production. The company’s commitment to gas commercialization aligns with the Federal Government's zero-flare policy. This journey reflects Platform Petroleum Limited's unwavering dedication to sustainable growth, operational excellence, and a brighter energy future for Nigeria and beyond. The company’s projects in progress include a drilling campaign targeting a minimum of 5,000 barrels of oil per day and the NGC gas monetization, aiming for first commercial lean gas by Q3/Q4. Flowstation upgrade projects for enhanced process and product recovery also take center stage, shaping the company's medium to long-term future.

Meanwhile, Platform Petroleum Limited is dedicated to promoting and adhering to a robust Local Content Policy that exemplifies its commitment to the communities and regions in which it operates. With a strong emphasis on local participation, the company has achieved impressive levels of engagement in various sectors, including engineering services, fabrication and construction, well drilling services, materials and procurement, and subsurface petroleum engineering and seismic. Additional services include transportation supply disposal services, health safety and environment, information systems and information technology, logistics services, and general banking services. These efforts reflect Platform Petroleum Limited's determination to empower local talent, stimulating economic growth and enhancing sustainability within the areas in which the company conducts its operations.

“Platform Petroleum Limited's journey in Nigeria's energy landscape is a testament to the transformative power of commitment and innovation. They have not only achieved remarkable milestones but have also demonstrated a deep dedication to local participation. The company’s accomplishments in the Egbaoma Field, strides in gas commercialization, and unwavering commitment to local content are truly commendable. Platform Petroleum Limited is shaping a brighter energy future for Nigeria and the continent as a whole,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

Platform Petroleum Limited joins a strong delegation from Nigeria comprising oil and gas Ministers, service companies and technology providers, and more. An Invest in Nigeria Energies session will further connect foreign companies and capital to Nigerian opportunities, with companies such as Platform Petroleum Limited set to drive the next wave of partnerships.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

SOURCE

African Energy Chamber

Women Should Not Be Considered Because We Fill a Quota, But that We Are Capable and Deliver

PRESS RELEASE

Women Should Not Be Considered Because We Fill a Quota, But that We Are Capable and Deliver, Says Mwanyengwa Ndapewoshali Shapwanale

Mwanyengwa Ndapewoshali Shapwanale is the Director: Communications and Stakeholders Relations at ReconEnergy in Namibia

JOHANNESBURG, South Africa, August 31, 2023/ -- Following five major oil and gas discoveries made between 2022 and 2023, Namibia’s upstream market has seen a strong wave of interest by global E&P players. Companies such as ReconAfrica, a Canadian-based explorer, have amplified their exploration efforts. The company’s Director of Communication and Stakeholder Relations Mwanyengwa Ndapewoshali Shapwanale plays an integral part in driving both ReconAfrica and Namibia’s energy narrative, serving as an inspiration for those in the field. Shapwanale is featured on the African Energy Chamber’s (AEC) (http://www.EnergyChamber.org) list of 25 Under 40 Energy Women Rising Stars.

Please share a brief overview of your journey in the energy industry that led to your current role? What are some key achievements or milestones that you are particularly proud of?

My journey in the energy sector started in April 2021 when I was approached to provide multimedia consulting, specifically social media services to my current employer ReconAfrica. I immediately realized I could provide much more to the company and engaged the company representative at the time to propose my additional skills and how I could assist the company. This included media relations, corporate communication, government relations, community relations, and brand crisis management. Fast forward a few months, I was appointed as the Director of Communication and Stakeholder Relations. A major part of my role is ensuring and maintaining social license.

I am particularly proud of the work our team has done in community relations. While maintaining a social license is an ongoing and continuous exercise, I am pleased with the work we have put in as a team, and I will continue to work towards progressing this responsibility.

Another proud achievement must be our work towards providing safe and secure access to potable water to the communities in our area of operations through the drilling, installing, and handing over of community water wells in our three years of operation. Apart from the communities, especially women and children, having to walk long distances to fetch water, this is an area where human-wildlife conflict is rampant because of the communities’ dependency on the Kavango River for water. Being able to provide an alternative water source, I believe, contributes to saving lives and meeting the government halfway in their aims to alleviate and even totally eradicate the human-wildlife conflict.

Further, the Namibian nation is quite new to the oil and gas industry, as the past few years have been the most visible action we have seen in the country. For the nation and the average Joe on the street to understand, welcome, and meaningfully participate in oil and gas activities, there must be efforts to educate and inform about the industry and the energy sector at large. As part of my communication role, we have done training with the media so that they can report from an educated, understanding, and informed position.

We have also collaborated with the University of Science and Technology to host bi-monthly public lectures on oil and gas activities in the country. These sessions have been extremely successful, with an audience of over 600 in person and a maximum of 900+ online. The audience included students, professionals from all fraternities, diplomats, academics, and government officials. The speakers included the Minister of Mines and Energy in Namibia, the Petroleum Commissioner, lawmakers, geologists, and educators, to name a few. Lastly, I am pleased to have teamed up with exceptional fellow women in the industry to establish the first ever Women in Oil, Gas, and Energy Association in Namibia, a body aimed at achieving the advancement of women in the energy sector.

Energy poverty is an African reality, and Namibia is not singled out from this reality. Further to that, my area of operation is one of the most socially challenged in our country, and I have started and will continue to use my role to innovatively tackle these challenges to ensure that my country and our continent as a whole benefit from its resources.

The energy industry is known for its complexities. What were some significant challenges you faced along the way, and how did you navigate through them to achieve your goals?

It definitely has to be the onslaught that accompanies the frowning upon of oil and gas exploration and development of this resource by African countries and the public's perception of oil and gas exploration and development. I was very lucky to, very early in my career, listen to the AEC chairperson speak on the just transition as well as really grasp the concept of African solutions for African challenges. This helped me focus on the matter at hand, which is to ensure that I carry out my role without listening to the unwarranted attacks.

Adopting the just transition and African solutions for African challenges has also helped me stay focused on the bigger responsibility, which is to ensure meaningful, impactful, and tangible contributions to eradicating energy poverty in Namibia and the continent, meaningful participation in the sector, and meaningful benefit from the energy sector.

What advice would you give to young females aspiring to excel in the energy sector? Are there any specific strategies or mindsets that helped you overcome obstacles and reach your current position?

Humility, listening to those who have been in the sector, put in the work, collaboration and willingness to learn learn learn!

I was very privileged to have been welcomed into the sector with open arms by so many, including the leadership in our oil and gas sector in the country. I specifically want to highlight the women including Maggy Shino, Victoria Sibeya, MME Dep Minister Kornelia Shilunga, and Taimi Itembu, to name a few. Leadership in my company is the true definition of meaningfully giving a young black woman a seat at the table and supporting her in the role.

It is important to note that it is not enough to be given a seat at the table; the work has to continue to maintain that seat at the table. To be considered at the table should not be to satisfy a quota but because one is capable of excelling, achieving, and delivering.

A career in energy can be demanding. Could you describe a typical day in your life?

Demanding indeed! I am typically up by 05:30 and start my day with reflection, praise, worship, or prayer—not every day as I would like to. Because our team works in different time zones, I use my mornings to attend to emails that may have come through in the night. Having planned my to-do list the night before, I start executing my items for the day.

My role involves a lot of writing; therefore, I am constantly writing or preparing messages. Our meetings normally take place in the late afternoon or early evening. I work well at night and therefore choose to action some of the deliverables right after our meetings, in the evening.

With stakeholder relations, I am also constantly working on monitoring our relations and finding ways to maintain or improve them. One must be innovative. A lot of moving pieces, all the time. The last two hours of my work day are dedicated to upskilling. I try as much as possible to take short courses to assist me in carrying out my role.

Looking ahead, what changes or advancements do you hope to see in the energy sector, and how do you envision your role in shaping that future?

Meaningful participation in the energy sector, advancement of women in the energy sector, community understanding, being informed and educated about the energy sector, meaningfully benefiting from the sector, and overall. I truly believe that local content and meaningful participation in the energy sector needs to start with an understanding and education of the sector. An example is understanding that there are certain skills and capital capabilities we do not have and how we are going to work with operators to achieve our goals in combating energy poverty and social challenges throughout the energy sector. I believe that I can use my role as a vehicle to educate the Namibian nation on the energy sector for the purpose of meaningful participation.

Additionally, being on the ground and understanding the social challenges means using my role as a vehicle to be innovative in tackling these challenges and ensuring meaningful impact. As a female executive in the energy sector, it is my duty to show other women that it is possible to be in the energy sector meaningfully. At the same time, I have the very important duty to show and prove that women in the sector are capable, deliver, and have the skills to contribute to the sector. Moreover, women should not, are not, and don’t just want to be considered because we are women and that we can fill a quota, but that we have capacity, put in the work, have the skills, are capable, and deliver.

Distributed by APO Group on behalf of African Energy Chamber.

SOURCE

African Energy Chamber

Video: President Muhammadu Buhari commissions the Dangote Refinery

 

President Muhammadu Buhari, GCFR commissioned the Dangote Refinery at Ibeju Lekki, Lagos on Monday, May 22, 2023.

It is Africa’s biggest oil refinery and the world's largest simple-train refinery.

1. It is located in Ibeju, Lagos, Covering a land area of approximately 2,635 hectares.

2. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant.

3. The Refinery is powered by a 435 MW Power Plant.

4. At full capacity, it can meet 100% of the Nigerian requirement of all refined products and also have surplus for export.

5. Designed for 100% Nigerian Crude with flexibility to process other crudes.

6. Self-sufficient marine facility with ability for freight optimisation. Largest single order of 5 SPMs anywhere in the world.

7. Diesel & gasoline from the refinery will conform to Euro V specifications.

8. The refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms.

9. It incorporates state-of-the-art technology.

10. It is designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil.

11. About 65 million cubic metres of sand dredged, costing approximately €300 million, using the world’s largest dredgers.

12. Over 1,200 units of various equipment were bought to enhance the local capacity for site works.

13. Dangote Group bought 332 cranes to build up equipment installation capacity.

14. Also built is the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water (10 million tonnes per year production capacity).

15. In a bid to bring over dimensional cargoes close to the site directly, Dangote Group had to developed a port and constructed two quays with a load bearing capacity of 25 tonnes/sq metre.

16. Constructed two more quays in the port with a capacity to handle up to Panamax vessels to export, two quays to handle liquid cargoes.

17. The port will have 6 quays, including a roll-on/roll-off quay.

18. In the course of the civil works, 700 piles were drilled on some days, with total number of piles up to 250,000.

19. It has 177 tanks of 4.742 billion litres capacity

20. Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor.

21. Training of 900 young engineers in refinery operations abroad. Mechanical Engineers trained in the GE University in Italy. Process engineers trained by Honeywell/UOP for six months.

Sir Iheaku, the Stockfish Mogul Bows Out

Sir Iheaku, the Stockfish Mogul Bows Out

- By Chief Ingram Osigwe

According to the Holy Bible, there is time for everything- time to be born, time to grow, time to procreate, time to die. The irrepressible Sir (Dr) Godson Nwosu Iheaku (Omenkeahurunnaya 1 of Osina) has completed the cycle and has gone home to be with his maker.

He had seen it all and has, therefore, bowed out, in a blaze of glory and at a glorious age of 85. Sir Iheaku hailed from Osina town, in Ideato North local government area of Imo state.

This quintessential business mogul who brought to the zenith, east of the Niger, the trade in stockfish, popular and revered in Igboland as "Okporoko" was one of Osina's first Eleven- earliest wealthy men, business moguls and captains of Industry who brought the town to the limelight.

Apart from Sir Iheaku, in this league of great men, Osina's first Eleven, include Sir Chief D.U Nsudum( Akwaja Ahuogu 1 of Osina), Chief G.O Offor ( Omeokachie), Sir Peter Umeh, Sir Augustine Umeh, Nze F.I Onwadike(Omereoha 1), Sir B.U Ohanugo(Onwa), Chief Benniah Ume (Agubata) and Chief R.O Nwabueze.

The common denominator here is that all these great men have all gone to be with their creator long before Sir Iheaku joined them in that ecclesiastical journey.

He was Born on the 10th of September, 1936 as the first son of the family of Nze Iheakubiara Agwunobi Nwaebube and Mrs Akuoma Iheaku (nee Umezurike), both of blessed memory. The family belongs to Umuokearukwa kindred in Akpaka-na-Ezeala Village, Idima Autonomous Community (formerly, Of-eke Osina), Ideato North Local Government Council of Imo State, Nigeria.

Growing up, the young Godson was imbued with uncanny intellect. He was a brilliant pupil who dazzled all with electrifying academic performances that stood him on a pedestal for higher educational pursuit.

Had the interplay of factors not collaborated to eventually steer his life trajectory towards trading, Sir Iheaku would have ended up an erudite scholar with loud academic accomplishments. In fact, during his lifetime, Sir Iheaku was often referred to as "the Academic Giant" Osina never had.

However, the laurels and glories that he would have garnered in the academic world, Sir Iheaku got in the arena of trading and merchandising.

Thus, from 1951 when he ventured into business as a merchandise trainee/ apprentice till he breathed his last, Sir Iheaku was on a steady upward swing of success, conquering and dominating the business environment with his trademark importation of Stockfish.

Indeed, the dutiful young Godson, who started life in 1951 as a simple apprentice trader, had, before he joined the saints,  metamorphosed into a world-class business giant. Notedly, in addition to stockfish merchandising, Iheaku also veered into Agriculture and allied ventures, birthing in the process, many business subsidiaries.

Before his demise, Sir Godson Iheaku was the Chairman and Chief Executive of a Mega Group of Limited Liability Companies, including:

*G. N. Iheaku and Co. Ltd 

*Gincolin Associates Ltd 

*United Fish Merchants Ltd

*ICCI International Ltd

*Integrated Fisheries Ltd.

A large-hearted man, Sir Iheaku trained and mentored several young men from different parts of Nigeria in trading. Many of them are today successful businessmen in their rights.

There is hardly a Stockfish trader in Nigeria that does not have a business relationship with him; directly or indirectly.

His impact on the Stockfish business has been so profound that his mentees and business beneficiaries go as far as almost unionising to keep alive his business legacy. His business footsteps will surely remain indelible in the sands of time.

Sir Iheaku was not a slave to wealth. He believed in good living to demonstrate the goodness of God in one's life. This explained why, during his lifetime, he was fashion-conscious. It was not unusual to see him dressed in well-made, trendy traditional wears- Ishiagu, Agbada, French suits,Senator etc.

A community leader who was passionate about the development of his community, Osina, Sir Iheaku meritoriously served his beloved home town in different capacities from 1972 till he breathed his last.

Worthy of mention too are his services to the Church. He was a Christian of the Anglican Communion and was equally one of the pillars of St. John's Osina and St. Andrew's Onitsha. His services at both the local church and diocesan levels were subsequently recognized by the then Bishop of Okigwe-Orlu Anglican Diocese, the Rt. Rev. S. C. N- Ebo who, on 5th November 1989, conferred on him the Knight Order of St Christopher.

A consummate family man and a doting husband, father and grandfather, Sir Iheaku got married in 1962 to his heartthrob, then Miss Esther Ugbondu Aghajiuba from Ikpa, Urualla.

The marriage is blessed with several children and grandchildren.

All the children, well educated, are accomplished and have excelled in their various callings.

No matter how smooth and flowery it appears to be, life could sometimes be full of valleys, roadblocks and obfuscations, such that task one's emotional stability, faith and trust in God.

The above was Sir Iheaku's lot 13 years ago, precisely December 17, 2009, when kidnappers abducted and murdered his lawyer first son, Chijioke then aged 40, even after the family had parted with a ransom of 7million Naira. 

It was an agonising sight watching the then 72-year-old Sir Iheaku mourn and weep uncontrollably over the brutal murder of the first product of his loins.

As a devout Christian that he was, Sir Iheaku was to accept the grim reality of the untimely demise of his first son with equanimity while hoping that justice would be done. 

In a funeral invitation signed by his son, Sir Chineme Iheaku( Okosisi), Omenkeahurunnaya will be  laid to rest on Friday 18th February 2022 at his Country home, Osina, Ideato North LGA Imo state after 10 am burial mass at St John's Anglican Church Osina.

Osina has indeed lost an icon, a trailblazer and a good man

In the words of Sir Tony Ezenna( Ijele Akokwa), Chairman, Orange  Group, "during his eventful life on earth, Sir Iheaku was driven by diligence, patience, and tenacity of purpose, honesty and hard work- rare virtues that greatly endeared him to all who encountered him, including his family,  business partners, associates, friends and indeed the people of Osina, his community, and the ancient kingdom of Ideato as a whole.

"Omenkeahurunnaya was an illustrious son of Osina who gave his all to the community- serving it in various capacities thus contributing immensely to making the modern town it is today"

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Chief Ingram Osigwe( Enyioha)  writes from Akokwa.

THE NEW NNPC BOARD AND STRATEGIC BALANCING

THE NEW NNPC BOARD AND STRATEGIC BALANCING

- By Frederick Harry

On August 16th 2021, President Muhammadu Buhari signed the much awaited Petroleum Industry Bill into law. The signing of the Bill into law was hailed as a timely intervention as it is expected to “provide certainty to potential and existing investors on the applicable fiscal regime in the Petroleum Industry”. By the powers vested in the President under section 59 (2) of the Petroleum Industry Act 2021, on September 19, 2021 he approved and appointed the Board and Management of NNPC Ltd with Senator Godwin Ararume as the Chairman of the Board.

The appointment of the Chairman of the Board from Imo State in the South East was applauded as evidence that the relationship between the people of the region and the President was heading north.

The inauguration of the board has however been suspended twice as a result of scathing criticism against some members by some activists, civil society organisations, petitions from powerful interest groups and alleged resistance by the International Oil Companies (IOCs).

Mr. Deji Adeyanju, the Convener of Concerned Citizens of Nigeria had described the appointment of Senator Ararume as a travesty and criticized the Buhari government’s “penchant for outlandish and unconventional methods of appointing cronies and men of questionable character” to important public offices. He insisted that there are many qualified technocrats and experienced oil and gas industry players from Imo State that can lead the charge at NNPC and manage the country’s main source of revenue and that Senator Ararume does not fit in that mould.

This type of blistering and witheringly scornful criticism coupled with fight back by the IOCs and counteraction by the political elites across board allegedly led to the indefinite suspension of the inauguration of the board as announced by the Secretary to the Federal Government on November 23, 2021. It is now being speculated in the Energy Halls of Power and Corridors of Political Influence that the federal government is considering nominating another person as Chairman of the Board.

It is very imperative therefore that the Buhari administration should take certain salient factors including but not limited to political environment, economic challenges, management skills and social issues into consideration before making such a nomination.

On the political environment, the ruling party, APC has been striving to make in-roads in the South East and the South South regions of Nigeria. Senator Hope Uzodinma, the Imo State Governor has been leading from the front in ensuring that  citizens from the two regions embrace the party wholeheartedly. This can be seen from his tenacity and doggedness in persuading his brother Governors from Ebonyi and Cross River States to join the party. He has essentially converted all the big and influential political players in the South East to APC. It is the prevailing public opinion that if the nominated Chairman of the Board would be changed, the President should consult the Governor to liaise with other relevant stake holders from the South East to present an acceptable candidate with cognate industry and management experience to lead the board and that person should come from Imo State.

What many people may not know is that oil, the bedrock of the Nigerian economy was first discovered in Iho Dimeze community in Ikeduru LGA of Imo State in 1937 by Shell Petroleum then known as Shell D’Arcy. The company established a base in Owerri before it left for Oloibiri in Rivers State when it discovered oil in commercial quantities there in 1956.

With the recovery of 43 Oil Wells from Rivers State by the Uzodinma administration which is the greatest economic feat by any Imo Governor since 1999, Imo State is now an assertive 4th oil producing state in the country. Imo State is home to over 200 trillion cubic feet of natural gas deposit and upside of potential 600 trillion cubic feet. Natural gas has today become a catalyst for socio-economic renaissance all over the world as the urgent need for clean and renewable energy need not be emphasized. With the emerging importance of Imo State to the nation’s economy, it would be unthinkable to deny the state the chance to lead the Board of NNPC Ltd.

It must however be reiterated that the new NNPC Board needs to be led by a certified change agent who is conversant with processes and management strategies of formulation, implementation, evaluation, modification and monitoring. It must be someone ready to implement a paradigm shift agenda with his eyes on the ball of common good not the next election. He must be an innovative thinker with excellent track record and culture of excellence in service crafting tactics to achieve objectives. He must demonstrate outstanding problem solving skills and exemplary team leadership ability with knowledge of climate challenges.

Nigeria is considered 58th most vulnerable and 22nd least ready nation to adapt to the threats of climate change. With 25% of the population living in exposed coastal region, a vast majority of the citizens plagued by devastating poverty and insecurity fueled partly by climate change, NNPC led by the Board should be ready for transitioning into “Green Economy”. The Board must be ready to create platforms for engagement to achieve climate readiness with clean energy and improved decision making.  The country cannot afford a misstep now.

The ball remains in the court of Mr. President to consult widely and give the Board a Chair that would lead the way for the nation’s economic progress. 

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Frederick Harry, a Nigerian from the Grand Bonny Kingdom, is a contributing editor to CNBC and Africa Business News.