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An indigenous engineering procurement and contracting (EPC) company, Oilserv Limited, said it planned to tender for all the moribund pipeline distribution systems of the Nigerian National Petroleum Company (NNPC) Limited to facilitate the product distribution chain.
Group Chairman, Oilserv Limited, Mr. Emeka Okwuosa told reporters on the sidelines of the just-concluded Offshore Technology Conference (OTC) in Houston, Texas, USA.
He said that Frazimex Engineering Ltd., a subsidiary of Oilserv, had submitted an offer to NNPC in this regard.
Oilserv Group is the company managing the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.
“As we speak today, one of our companies is working closely with NNPC.
“There is an ongoing tender on how to fix the moribund distribution systems for the distribution of petroleum products. We see them everywhere in Nigeria. They are not functional.
“But we want to buy them back, rebuild them and make the power available, instead of having people hauling petrol and diesel from Port Harcourt to Makurdi, for example. Does that make any sense?
“There is a pipeline that was built many years ago but, really, it’s not there anymore because it’s been damaged and not maintained. We also take care of that. We have also moved into renewable energy,” he said.
Okwuosa said the company was working to build gas networks, built locally, and then operate them.
“It means that we are already trying to solve the problem of energy availability within our group,” he said.
On agriculture, Okwuosa said one of Oilserv’s subsidiaries, Ekcel Farms Ltd. was involved in agriculture and product processing.
He said: “We have our main animal feed – cassava and tomato. We are trying to develop cassava right now.
“Part of the reason for this is not only to support Nigeria’s teeming population but also to provide products or foods that can be used in pharmaceuticals, in other food industries.
“What that means is that it helps us balance our footprint in the energy industry, because one aspect of our foray into agriculture is being able to generate energy that we use from agriculture using biomass and biogas, taking the waste and then converting it into energy.
“This again helps us reduce our carbon footprint as a country.
“Having said that, if you look at the energy sector around the world, especially oil and gas, you’ll see a lot of talk going on,” he said.
Regarding the energy transition strategy, the boss of Oilserv said that the company has a clear energy transition strategy.
“In addition to developing it, we educate people about it and revise it regularly.
“We have also embarked on renewable energies. We are not, at this stage, developed in renewable energies. But we have a partnership with a German company to address renewable energies, solar or other.
“We are more concerned with how we can use the principle of green and blue hydrogen.
“We want to be able to generate electricity without harming the environment. So we are already moving towards this sector.
“But getting into the new phase of energy delivery takes a lot of time to plan, a lot of investment. And as I said, if you look at Nigeria, we have problems too,” he said. declared.
Okwuosa said most of the countries in the world that have developed and are still developing have frameworks to encourage such developments.
“Through a tax refund, address pricing issues to ensure that the entry points, in terms of costs for these alternatives, will not be too high.
“Unfortunately, we do not see any articulated situation like this in Nigeria. This means that there is really no incentive for an investor to get into this business because it cannot compete in price today with fossil fuels.
“But we can’t give up, it’s about engaging the government, it’s about pushing because we have no choice. If we don’t, the train will keep moving and we will get there. to a point where our oil is there but we cannot produce.
“It is our duty as a country to ensure that we can refine the crude oil that we use. We can do that. Nigeria’s usage is high enough to actually absorb about a third of our production,” he said.
Closing the infrastructure gap, Okwuosa said the federal government has done a lot of things it hasn’t been recognized for.
“When President Muhammadu Buhari came to power, the AKK pipeline had already been under discussion since 2009, it was never moved anywhere.
“But within three months of coming to power, Buhari raised the issue and said it had to be done.
“The Buhari government is giving us the necessary support to navigate this process, especially the funding. The government is committed to ensuring that the Nigeria Gas Master Plan is fully executed because of its impact.
“That’s why we talk about the pipeline to Ajaokuta, which is the last interconnection. So I give them credit for that.
“There are a number of programs started by NNPC, like the seven gas programs we have. NLNG train 7 is underway as we speak.
“A lot has happened. That’s why I keep saying that gas is the mainstay of our transition. If we get the right gas, it would be easier for us to switch to renewables.
“The Nigerian government has done a lot. But, as a developing country, you know we’re struggling with so much right now.
“It’s about focusing on what matters most. The government has done a lot, but there is room for more. It should create a favorable environment for investors interested in renewable energy,” he said.


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