Di Nigerian Upstream Petroleum Regulatory Commission (NUPRC) don yarn say international oil companies (IOCs) don propose to transfer 26 oil blocks give local firms.
NUPRC say dem don use two ogbonge international oil and gas decommissioning experts to helep dem toroway eye well well for di 26 oil blocks wey dem wan sell comot.
Oga Gbenga Komolafe, wey be di oga patapata for NUPRC, tok for one industry dialogue on top IOCs’ divestment of oil and gas assets wey happen for Abuja on Friday.
Dem do di workshop to show road and check well well say everytin dey follow law and procedure for dis divestment matter.
For im tok, Komolafe say di blocks get like 8.211 million barrels of oil, 2,699 million barrels of condensate, 44,110 billion cubic feet of gas wey dey with oil, and 46,604 billion cubic feet of gas wey no dey with oil.
E say dis one na big tin wey go join for di kontri hydrocarbon reserve.
“E good make una know say plenty of di P3 reserve dey for where dem dey produce oil and gas now. Dis one mean say pesin wey sabi work fit turn dem to 2P reserve sharp sharp,” Komolafe tok.
“As e be so, di blocks dey produce like 346,290 barrels per day now.
“But dem fit produce reach 643,054 barrels sef.
“Dis blocks fit helep boost our oil production well well, and evribody go enjoy am.”
E call S&P Global Commodity Insights (SPGCI) and Boston Consulting Group (BCG) as di ogbonge consultants for oil and gas decommissioning mata.
Komolafe say di consultants go work with NUPRC as independent bodi to find all di wahala wey go dey wen di oil wells don old finish, as e suppose be wen dem dey sell assets.
“Dem go also manage di risk wey dey for di whole asset, create how dem go take know di money wey dem go spend to close oil well for land,” e tok.
“Dem go know wetin di host community suppose get base on di 3% operating cost wey dey for di Petroleum Industry Act (PIA), check wetin dey happen for oda kontris wen dem dey sell assets, and give us beta report wey go show us lesson from dose places.”
Oga Enorense Amadasu, wey be di oga for development and production for NUPRC, come explain how di divestment go be.
Oga Olayemi Anyanechi, wey be di secretary and legal adviser for NUPRC, come tok about di options dem get and wetin dem wan achieve.
E say di first option na to get approval from di minister, but di IOCs go still get all di wahala until NUPRC don finish dia torchlight and give di wahala to who suppose get am.
Di second option, according to Anyanechi, be say dem no go give ministerial approval until NUPRC don find evri wahala and share am to who get am.
“Di IOCs go need to sign paper say dem no go use dia right take get automatic approval as e dey for section 95 (7) (B) of di PIA,” she tok.
Oga Osagie Okunbor, wey be di oga for Oil Producers Trade Section (OPTS), and Oga Abdulrazaq Isa, wey be di oga for Independent Petroleum Producers Group (IPPG), hail NUPRC for di way dem dey clear and open for di divestment process.
Pipo from oda companies like Equinor, Seplat, and Agip sef hail NUPRC for dia beta work and how dem dey open, come promise to send dia own feedback go give di commission.
