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Nigeria’s big offshore fields stabilize country’s export
In spite of the activities of the Niger Delta militants and the
disruption of oil exploitation and exploration activities, Nigeria's
export has remained largely unaffected because of the big offshore
fields.
Disclosing this when formally announcing the forthcoming Offshore West
Africa Conference, the Group General Manager, Group Public Affairs
Division of NNPC, Dr Levi Ajuonuma, said: "Offshore big fields are our
saviour. With offshore oil, the Niger Delta crisis can't affect our OPEC
contribution. Deep offshore is the future. A high percentage of our oil
exports will come from the deep offshore."
He said new technologies were already being deployed to take drilling
"deeper and deeper" into the seas that would be beyond the reach of
those disrupting oil production, which had traditionally been on land
and shallow water in the Gulf of Guinea.
The 2008 OWA Conference and Exhibition, according to him, would provide
an opportunity to further improve the amount of oil gathered offshore
with the recourse to the new technologies to explore deepwater and ultra
deepwater areas; shallow water offshore development areas; gas
development and marginal field development. This, he stated, was a
fall-out of the drive to increase the Nigerian national reserve base and
production capacity to 40 bn barrels and 4 mm bpd respectively by the
year 2010 has led to an upbeat exploration activities and opening of
other frontier areas to the search for oil and gas.
The theme of the conference is "The Gulf of Guinea: Sustaining the
Momentum of World Class Resource Development" which Ajuonuma said was
quite appropriate at this time because the West African subregion was
currently facing the challenges of increasing its offshore activities
with a view to further harnessing the potentials of the oil and gas.
Ajuonuma used the opportunity of the pre-conference briefing to dispel
rumors that there were any plans to increase fuel prices, saying the
queues experienced recently at filling stations in parts of the country,
including Abuja, were simply the outcome of panic buying. He disclosed
that the completion of the repairs of the Shanomi Creek pipeline that
was destroyed by militant attacks would make the Warri Refining and
Petrochemical Company functional soon as everything was being done to
achieve this aim, adding that the Port Harcourt Refinery was "working
very well, extremely well despite the last attack at our jetty."
