Fidelity bank banner NewsExpress advert
Shell emerges best in Technology and Innovation at Nigeria Petroleum Summit

By News Express on 20/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,442


The in-country Subsea Tree Refurbishment feat by Shell Nigeria Exploration and Production Company (SNEPCo) drew a deafening applause on Monday night as it earned Shell Companies in Nigeria the Best Performing International Company in Technology and Innovation at the awards night of the maiden edition of the Nigeria International Petroleum Summit in Abuja. The state-organised event was attended by Nigerian and international industry leaders.

SNEPCo pioneered the in-country feat and achieved significant savings in the cost of the subsea equipment led by Nigerian engineers. A Subsea Tree is an arrangement of valves and other components installed at the wellhead to control and monitor production flow and manage fluids injection. SNEPCo embarked on a Tree Refurbishment initiative in 2013 to ensure timely delivery of the equipment at lower cost for the Bonga Phase 2 project, an in-field wells delivery and hook-up programme within the Bonga Field which has been in execution since 2007.

On hand to receive the award presented by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, were the Country Chair, Shell Companies in Nigeria and Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor, and the Managing Director of SNEPCo, Mr. Bayo Ojulari.

An excited Okunbor described the award as a recognition of the pioneering role of Shell Companies in Nigeria in local capacity development and Nigeria content. “We are pleased that this feat has continued to receive recognition within and outside Nigeria. Beyond cost consideration, we were also looking to indigenise the know-how so that Nigerian engineers can acquire the necessary skills,” he said.

Speaking on the award, Ojulari said: “This is a success story not only for Shell but for Nigeria. The first Subsea Tree under the programme was installed on schedule in May 2015. This was the first of its kind re-using a Subsea Tree fully stripped down and refurbished locally in Nigeria, with all of its original functionality restored.

“The scope of work entailed the retrieval of the Subsea Trees for disassembly, repair and rebuild following procedures developed by the Original Equipment Manufacturer (OEM) to international standards and codes. The work was done at the OEM/SNEPCo logistics base at Onne in Rivers State with Nigerian engineers and technicians playing key roles. The quick turnaround of these Trees has helped to increase oil production in the Bonga field. The expenditure on this work in Nigeria aligns with the cost of similar Subsea Tree refurbishment in Europe. We have since sustained the in-country refurbishment.”

SNEPCo saves about $6 million for every refurbished Subsea Tree, and this is delivered within 15 months as against 36 months for newly manufactured ones.

SNEPCo helped to create the first generation of Nigerian deep water professionals through the Bonga project which started production in 2005, as Nigeria’s first oil and gas production project in more than 1,000 metres of water. The project was expanded with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back that unlocked the nearby Bonga North West field in August 2014, which has peak production of approximately 60,000 barrels of oil equivalent a day. Bonga Phase 3 achieved first oil in October 2015.

SNEPCo operates Bonga field on behalf of the Nigerian National Petroleum Corporation in partnership with Esso Exploration and Production (Deepwater Ltd)–Exxon, Total E&P Nigeria Ltd – Total and Nigerian Agip Exploration Ltd – ENI. The other Shell Companies in Nigeria are SPDC and Shell Nigeria Gas.

•Photo shows, L-R; Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; Country Chair, Shell Companies in Nigeria and Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor; and the Managing Director, Shell Nigeria Exploration and Production Company, Mr. Bayo Ojulari, during the presentation of The Best International Company in Technology and Innovation to Shell at the 2018 Nigeria International Petroleum Summit held in Abuja… on Monday.

Source News Express

Posted 20/02/2018 10:17:02 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Beauty queen rots in Kirikiri prison

Monthly Sanitation Exercise holds tmorrow in Rivers, govt....

I have no plans to leave APC for...

Abia defends spending of N46.4B oil communities money,...

Yobe State partners UNICEF for improved water, hygiene...

Gunmen on rampage in another Southern Kaduna community...

Bloody Christmas?: Explosions, bombs hit Kaduna, Kano

IMT, Enugu to begin award of degree in...

12-year-old girl in custody after shooting 4 classmates...

Nigeria woos foreign investors at 2016 ITU Conference...

Gallant troops invade Boko Haram’s Sambisa forest stronghold...

Man, 75, seeks divorce over sex starvation

 

Latest News World Cup: Mexico stun champions Germany 1-0 Ohakim, Okorocha and the battle of the cowshed, By Collins Ughalaa 31 reported dead as bombs rock Borno Atiku returns from lesser hajj, expresses condolences over Bauchi windstorm Man knifes himself to death ‘because he thought he was wearing a stab-proof vest’ Prof. Chukwuka Okonjo, foremost academic and traditional ruler, turns 90 Govt declares indefinite curfew in Abuja community after crisis SERAP asks court to compel Fashola to account for spending on power Darkness looms as electricity supply drops in FCT, states; 6 power stations shut down 1 killed, 29 arrested in Nasarawa cult clashes APC convention will be hitch-free - VON DG NAFDAC urges FG to establish institute for herbal medicine

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,420 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (350,423 views) Shameless Genevieve Nnaji exposes breasts in public (279,435 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,443 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,622 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,022 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,240 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,334 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,417 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,031 views) Lagos plane crash: Journalist releases victims’ names (143,442 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,327 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,239) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (503) Features (606) Global Business Monitor (280) International (2,029) Interview (153) Live Commentary (28) Love Matters (123) News (36,268) Opinion (1,000) Pidgin (10) Politics (5,265) Religion (770) Sports (1,549) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Royal Wedding 2018 of Prince Harry and Meghan Markel

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement