By Moses Patience Chat
The Deputy Managing Director (DMD) of Deepwater Asset for TotalEnergies Upstream Nigeria (TUPN) Limited, Victor Bandele, has applauded the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPCL) Limited, Mallam Mele Kyari, over his intervention and support that unlocked 30,000 barrels per day (bpd) of new oil from the Egina and Akpo fields, which is expected before the end of 2023.
Bandele said this at the recent NNPC Upstream Investment Management Services (NUIMS) Annual Value Assurance Review (AVAR) 2023, which took place in Lagos at the Eko Hotel and Suites.
AVAR is a strategic forum where key issues that shape the oil and gas upstream business landscape are reviewed with the sole objective of guaranteeing short-term success and long-term value is delivered to all stakeholders.
Bandele specifically expressed gratitude to Kyari, for enabling the deepwater Production Sharing Contract (PSC) to engage the services of Noble Gerry De Souza Drillship in order to commence the long-due drilling campaign of seven development wells and one exploratory well.
The TotalEnergies official lauded NUIMS for always being a step ahead, while pledging the commitment of OML 130 partners to complete the ongoing drilling campaign, close out the lease renewal discussions, and turn the focus to aggressively executing the Preowei and Egina West projects.
He restated his confidence in the leadership of NNPC Limited and applauded the Upstream Investment Managers under Bala Wunti, for always being a step ahead and setting the pace for innovation in the Nigerian upstream petroleum industry.
The Deputy Managing Director also announced to stakeholders present at the event that TUPNI has secured the alignment of all the partners on OML 130 to progress with the lease renewal, with a target to close out before the end of May 2023.
Bandele also pointed out some remarkable achievement that has been recorded by OML 130 in terms of gas production and monetization.