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Boost for Nigeria’s Oil Production, As NNPC’s Utapate Crude Grade Hits Global Oil Market

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Managing Director, NNPC E & P Limited (NEPL), Mr. Nicholas Foucart speaks at the official unveiling of the Utapate crude oil blend during the Utapate Crude Roadshow held on the sidelines of the 2024 Argus European Crude Conference in London, United Kingdom, on Wednesday.

 

 

In a major boost for Nigeria’s crude oil production, revenue generation and
economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil
grade, the Utapate crude oil blend, before the international crude oil market.

It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil
Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate
crude oil blend, following the lifting of first cargo of 950,000 barrels which headed
for Spain.

During a ceremony held at the Argus European Crude Conference taking place in
London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P
Limited (NEPL), Mr. Nicholas Foucart described the introduction of the Utapate
crude oil blend into the market as a significant milestone for Nigeria’s crude oil
export to the global energy market.

“Since we started producing the Utapate Field in May 2024, we have rapidly
ramped up production to 40,000 barrels per day (bpd) with minimum downtime.
So far, we have exported five cargoes, largely to Spain and the East Coast of the
United States; while two more additional cargoes have been secured for November
and December 2024, representing a significant boost to Nigeria’s crude oil export
to the global market,” Foucart told a packed audience of European crude oil
marketers.
He added that since its introduction into the global market, the Utapate crude oil
blend has enjoyed a positive response from the international crude oil market, due
to its highly attractive qualities.
Foucart said the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural
Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd, boasts a huge reserves of
330million barrels of crude oil reserves, 45 million barrels of condensate and 3.5 tcf
of gas.
“We have a number of ongoing projects to increase our production from the
current 40,000bopd to 50,000bopd by January 2025 and 60,000bopd to
65,000bopd by June 2025. Essentially, we are targeting opportunities to increase
production to 80,000bopd by the end of 2025,” Foucart added.He said the Utapate crude oil terminal is sustainable, affordable and fully compliant
with the rigorous environmental regulations and sustainability principles especially
those aimed at reducing carbon emissions and other ecological effects.
Also speaking, the Managing Director of NNPC Trading Ltd (NTL), Mr. Lawal Sade
said the pricing structure of the Utapate crude oil blend is similar to that of
Amenam crude as it is a light sweet crude which is highly sought after by refiners
across the world due to its low sulphur content, efficient yield of high-value
products, API gravity and other similarities.
He said in bringing the new crude oil blend to the global market, NNPC Ltd wanted
to optimise value for both its producers and counterparties across the globe.
He added to ensure predictability and sustainability of supply, the NNPC Trading
intends to run a term contract on the Utapate crude oil blend cargoes, principally
targeting off-takers from the European and the US East Coast refineries.
Produced from the Utapate field in OML 13 in Akwa Ibom State in Nigeria, the
Utapate crude oil blend is similar to the Nembe crude oil grade. It has a low sulphur
content of 0.0655% and low carbon footprint due to flare gas elimination, fitting
perfectly into the required specification of major buyers in Europe.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a
manner that is safe, environmentally responsible, and beneficial to the local
communities.
The Utapate field development plan, executed between 2013-2019 and approved in
October, included converting wells and facilities from swamp/marine to land-
based operations.
The plan involved a multi-rig drilling campaign for 40 wells and the development
of significant infrastructure such as production facilities, storage tank, a subsea
pipeline and an offshore loading platform to facilitate crude oil evacuation and
loading.

The entry of the Utapate crude oil blend into the market is coming barely a year
after the NNPC Ltd announced the launch of Nembe crude oil, produced by the
NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).

In a statement by Olufemi O Soneye Chief corporate communications officer NNPCL said the remarkable achievement signals the commitment of the NNPC Ltd to
increasing Nigeria’s crude oil production and growing its reserves through the
development of new assets.

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EU Delegation Pays Courtesy Visit to Sultan of Sokoto, Expresses Commitment to Humanitarian Initiatives

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A delegation of European Union (EU) representatives, led by the EU Ambassador to Nigeria, His Excellency Gautier Mignot, paid a courtesy visit to His Eminence, Sultan Sa’ad Abubakar at his palace in Sokoto. The visit was aimed at fostering diplomatic ties and introducing the EU team to one of Nigeria’s most revered traditional institutions.

Speaking during the visit, Ambassador Mignot emphasized the importance of engaging with esteemed leaders and institutions in Nigeria, stating, *”We are here to introduce ourselves to one of the most respected traditional institutions in the country.”* He expressed the EU’s commitment to strengthening collaboration with local communities through humanitarian and developmental programs.

One of the key highlights of the visit was the delegation’s announcement of a new EU-backed initiative targeted at supporting vulnerable children and disadvantaged individuals in Nigeria. Ambassador Mignot elaborated on the program’s focus, saying, “Our mission here includes the launch of a program specifically designed to provide aid to children and the less privileged, with a particular focus on Sokoto, the seat of the caliphate.”* The initiative aims to enhance welfare services and promote social development in the region.

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The EU ambassador also reassured the Sultan of the delegation’s dedication to ensuring the success of its mission, pledging unwavering support and cooperation. “We are committed to working closely with relevant stakeholders to make this program a success,” he stated.

In his response, Sultan Sa’ad Abubakar warmly welcomed the EU team, acknowledging the significance of their visit. He expressed his willingness to support their humanitarian objectives, stating, *”We fully appreciate this gesture and assure you of our unflinching support in realizing these noble goals.”* The Sultan further emphasized the need for collaboration among all societal groups to achieve maximum success, regardless of religious or ethnic backgrounds.

The visit also saw the presence of several esteemed council members accompanying the Sultan, including Wazirin Sokoto, Professor Sambo Wali Junaidu; Magajin Rafi, Barrister Rilwanu Bello; Galadiman Gari, Alhaji Aliyu Attahiru Galadanci; and Sa’in Kilgori, District Head of Kilgori, Alhaji Muhammad Jabbi Kilgori. Also in attendance were the Council Secretary, Damburan Alhaji Sa’idu Maccido, and the Director of Personnel Management of the Council, Wambai Ahmed Abdulkadir, among others.

The meeting underscored the significance of international partnerships in driving humanitarian efforts and fostering development within Nigeria. The EU delegation, alongside local authorities, expressed optimism that the newly launched initiative would yield substantial benefits for vulnerable communities in Sokoto and beyond.

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Reps Minority Caucus condemns unlawful detention of VDM, demands his immediate release

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The Minority Caucus of the House of Representatives has condemned in the strongest terms the arrest and continued detention of social campaigner and activist, Martins Otse, popularly known as Very Dark Man (VDM), by the Economic and Financial Crimes Commission (EFCC).

In a statement jointly signed by the HoR caucus leaders, Rep Kingsley Chinda, Leader, Rt. Hon. Dr. Ali. Isa J.C Minority Whip, Rt. Hon. Aliyu Madaki., Deputy Minority Leader,,Rt. Hon. George Ozodinobi
Deputy Minority Whip, the opposition leaders declared that:

“The disturbing trend of security and law enforcement agencies deploying their powers arbitrarily against citizens exercising their rights to free expression poses grave threats to our democracy.

“We must state clearly that such acts, cloaked in the guise of enforcement, erode public confidence in the rule of law and undermine the principles of accountability and transparency.

The caucus insisted that: “The arrest of Mr. Otse which reportedly took place without the issuance of a warrant is a direct violation of the 1999 Constitution of the Federal Republic of Nigeria (as amended) that guarantees the liberty of the citizen except in accordance with the due process of law. Sections 35(1) and 35(3) of the Constitution stipulate the conditions under which a person may be deprived of their liberty and require that any person arrested must be informed promptly of the reasons for their arrest and any charges against them.

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“The EFCC, like every other agency of government, is bound by these constitutional provisions and must not act outside their bounds.

“Moreover, the continued detention of Mr. Otse beyond the constitutionally permissible period of 24 to 48 hours without being charged to court is not only an abuse of power, it is also a blatant affront to the principles of natural justice and fair hearing.

“The Constitution, under Section 35(4), provides that a person who is arrested or detained must be brought before a court of law within a reasonable time, which, in the case of an arrest without a warrant, shall not exceed two days.

“Any deviation from this is a breach of the citizen’s fundamental rights and a descent into lawlessness.

“As the voice of the opposition in the National Assembly, the Minority Caucus calls on the EFCC to immediately release Mr. Otse or charge him to court in accordance with the law.

“Arbitrary arrests and prolonged detentions of citizens for expressing dissenting or unpopular views must have no place in a democratic society.

“The preservation of liberty, due process, and respect for constitutional rights remain the bedrock of our republic. We will not stand idly by while state agencies abuse their powers to suppress voices that challenge the status quo in line with the laws.

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Former President Jonathan Pays Tribute to Late President Yar’Adua 15 Years After His Passing

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Fifteen years after the passing of former Nigerian President Umaru Musa Yar’Adua, his successor, Goodluck Jonathan, has paid tribute to his legacy, describing him as a patriot and servant leader who worked tirelessly for a united and inclusive nation.

Jonathan, in a heartfelt message shared on his social media page, reflected on Yar’Adua’s life, emphasizing his dedication to service and selflessness. He noted that whether as a teacher, governor, or president, Yar’Adua’s leadership was characterized by hard work, patriotism, accountability, and a commitment to justice and the rule of law.

During his tenure as president, Yar’Adua prioritized national reconciliation, fostering unity among Nigerians, and mobilizing building a nation founded on **justice, peace, and progress. Jonathan highlighted that despite the brevity of Yar’Adua’s presidency, his impact was profound and his leadership progressive, leaving behind a legacy of selfless service and deep commitment to the public good[

Jonathan further remarked that even fifteen years after his passing, Yar’Adua remains a reference point for good leadership, peace, and accountability. His contributions to governance continue to inspire leaders and citizens alike, reinforcing the values of integrity and dedication to national development.

In his tribute, Jonathan celebrated Yar’Adua not only as a friend, brother, and boss but also as a leader who embodied sacrificial service. He praised Yar’Adua’s genuine efforts in nation-building and his commitment to fostering an inclusive democracy anchored on

The remembrance of Yar’Adua’s legacy has sparked reflections across Nigeria, with political figures and citizens alike acknowledging his contributions to the country’s democratic journey. His tenure remains a significant chapter in Nigeria’s history, marked by reforms and a leadership style that prioritized the welfare of the people

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