Group Managing Director of SEEPCO, Mr Tony-Chukwueke with Group Managing Director of NNPC, Mallam Mele Kyari at signing of OML 143 Gas Development Deal
Speaking in a similar vein at the State House after a meeting with President Muhammadu Buhari, Kyari assured that with the resumption of loading, normalcy would soon return to the fuel stations across the country.He said the ex-depot price of petrol would remain the same for the month of May, urging marketers not to engage in arbitrary price increase.
Also in the week, the Petroleum Tanker Drivers section of the National Union of Petroleum and Natural Gas Workers suspended its industrial action. “The PTD went on strike due to the inability of their employers, NARTO, to increase their compensation. We have given commitment to both NARTO and PTD that we will resolve the underlining issues within a week and come back to the table so that we have a total closure on it,” Kyari explained.The National Chairman of the PTD, Mr Salmon Oladiti, while announcing suspension of the strike, said the decision was based on the intervention of the GMD of the NNPC.
Speaking during the visit, the National President of ADITOP, Alhaji Lawal Mohammed, expressed delight at the achievements of the Corporation under the leadership of Malam Mele Kyari, especially in the area of stakeholder engagement. Kyari added that the gas from the project would be processed at the Ashtavinayak Hydrocarbon Limited 125million standard cubic feet of gas per day gas plant located in Kwale, Delta State.
He said the development of OML 143 would bring value for the Federal Government, NNPC and SEEPCO Group which would in turn boost the nation’s economy. The Gas Development Agreement is required, pursuant to the Production Sharing Contract obligations, to set out the terms for the development of the 1.2tcf Non-Associated Gas oil block by SEEPCO which is the Contractor with the NNPC as the Concessionaire.
He said that NNPC’s commitment to transparency and accountability has brought value to the nation, adding that with the right attitude and focus, government enterprise can thrive. He urged the NDC to consider introducing a course in energy security as it was a strategic area critical to the maintenance of the nation’s oil and gas reserves.