NIGERIA CRIES OUT: "AVENGERS HAVE FINISHED US"
By Nwachukwu Victor Samuel
For Family Writers
The Nigerian government and some of the oil companies lost nothing less than N38.6bn in one month as oil production dropped by 40.9 billion standard cubic feet in July this year. The loss was as a result of the frequent attacks on oil facilities by the dreaded freedom fighters in the Niger Delta, mostly targeted at onshore and shallow water assets.
The latest monthly report from the Nigerian National Petroleum Corporation showed that 173.8 billion barrels and 24.4 billion barrels were produced from JV assets and NPDC assets, respectively in January, while 139.58 billion barrels and 17.70 billion barrels in July, 2016 respectively.
With the price of natural gas put at $2.95 per 1,000 barrels as at September 23, the difference of 40.9 billion barrels translates to a loss of $120.7m or N36.8bn (using the official exchange rate of N305/dollar). Early this year, precisely In February, when the Forcados export terminal was shut down following an attack on a subsea export pipeline, total gas production from JV and NPDC assets saw a decline of 15.85 billion barrels over the previous month.
The NPDC’s gas production hit low rates of 388.7 million barrels per day in April, rising to 571.12 million barrels in July. The nation’s oil and gas production structure split between JVs onshore and in shallow water with foreign and local companies and Production Sharing Contracts in deep-water offshore.
The NNPC revealed that the balance of 44.22 per cent was either re-injected, used as upstream fuel gas or flared, adding that the gas flare rate was 10.58 per cent (702.83 mmbarrels) in July, compared to the average gas flare rate of 8.87 per cent (668.91 mmbarrels) for the period of August 2015 to July 2016.
According to the report, from the 654.78 mmbarrels of gas supplied to the domestic market in July, about 405.47 mmbarrels of gas, representing 61.93 per cent, were used for gas-fired power plants, while the balance of 249.31 mmbarrels or 38.07 per cent were supplied to other industries.
The Petroleum Club, in a statement, ascertained that the current crisis in the Niger Delta has severely affected the Nigerian upstream oil and gas industry, in addition to the global decline in oil prices.
In its report “Fifty to 80 per cent of traditional onshore/shallow water oil production, which yields the highest government revenue per barrel, have been shut down over the past half year. The bulk of the 1.2 to 1.5 million barrels of oil per day produced over this period come from the deep offshore, which yields significantly less revenue accruing to all levels of government. The collateral damage resulting from this oil production disruption is that some 25 to 40 per cent of domestic gas production is also breached, leading to severe reductions in electricity generation and distribution.”
The group noted that the disruption has also led to a substantial reduction of activities in the industry. According to them, “this in turn has had a knock-on effect on contractors, service providers, banks and business partners, resulting in severe job losses and an indefinite freeze on further job creation possibilities. The current crisis in the Niger Delta must be quickly arrested through a carefully developed combination of engagements, dialogue, disarmament and ultimate restoration of law and order in the region.”
There is no doubt that Nigeria is fast becoming a history and very soon she will be no more. If the oil in Biafra land is deposited in the north, Nigeria would have disintegrated a long time ago but the north has sworn to die because of the oil in Biafra. Everything they do and think of is geared towards 'oil money'. This is the reason why one always hears them say 'Niger Delta militants are destroying our oil'. They went as far as claiming ownership to all the oil in Biafra land. So, does it mean without this oil, the north cannot breathe?
No wonder an average northerner doesn't want to hear the name- Biafra, they are fully aware that once Biafra is restored, their umbilical cords are cut off, which is the oil. It is pertinent to note that Biafra is an ideology whose time has come and nothing on earth can stop her Restoration. The earlier the north embraces the reality about Biafra restoration, the better for all of them.
Edited by Ngozi Kalu
For Family Writers
By Nwachukwu Victor Samuel
For Family Writers
The Nigerian government and some of the oil companies lost nothing less than N38.6bn in one month as oil production dropped by 40.9 billion standard cubic feet in July this year. The loss was as a result of the frequent attacks on oil facilities by the dreaded freedom fighters in the Niger Delta, mostly targeted at onshore and shallow water assets.
The latest monthly report from the Nigerian National Petroleum Corporation showed that 173.8 billion barrels and 24.4 billion barrels were produced from JV assets and NPDC assets, respectively in January, while 139.58 billion barrels and 17.70 billion barrels in July, 2016 respectively.
With the price of natural gas put at $2.95 per 1,000 barrels as at September 23, the difference of 40.9 billion barrels translates to a loss of $120.7m or N36.8bn (using the official exchange rate of N305/dollar). Early this year, precisely In February, when the Forcados export terminal was shut down following an attack on a subsea export pipeline, total gas production from JV and NPDC assets saw a decline of 15.85 billion barrels over the previous month.
The NPDC’s gas production hit low rates of 388.7 million barrels per day in April, rising to 571.12 million barrels in July. The nation’s oil and gas production structure split between JVs onshore and in shallow water with foreign and local companies and Production Sharing Contracts in deep-water offshore.
The NNPC revealed that the balance of 44.22 per cent was either re-injected, used as upstream fuel gas or flared, adding that the gas flare rate was 10.58 per cent (702.83 mmbarrels) in July, compared to the average gas flare rate of 8.87 per cent (668.91 mmbarrels) for the period of August 2015 to July 2016.
According to the report, from the 654.78 mmbarrels of gas supplied to the domestic market in July, about 405.47 mmbarrels of gas, representing 61.93 per cent, were used for gas-fired power plants, while the balance of 249.31 mmbarrels or 38.07 per cent were supplied to other industries.
The Petroleum Club, in a statement, ascertained that the current crisis in the Niger Delta has severely affected the Nigerian upstream oil and gas industry, in addition to the global decline in oil prices.
In its report “Fifty to 80 per cent of traditional onshore/shallow water oil production, which yields the highest government revenue per barrel, have been shut down over the past half year. The bulk of the 1.2 to 1.5 million barrels of oil per day produced over this period come from the deep offshore, which yields significantly less revenue accruing to all levels of government. The collateral damage resulting from this oil production disruption is that some 25 to 40 per cent of domestic gas production is also breached, leading to severe reductions in electricity generation and distribution.”
The group noted that the disruption has also led to a substantial reduction of activities in the industry. According to them, “this in turn has had a knock-on effect on contractors, service providers, banks and business partners, resulting in severe job losses and an indefinite freeze on further job creation possibilities. The current crisis in the Niger Delta must be quickly arrested through a carefully developed combination of engagements, dialogue, disarmament and ultimate restoration of law and order in the region.”
There is no doubt that Nigeria is fast becoming a history and very soon she will be no more. If the oil in Biafra land is deposited in the north, Nigeria would have disintegrated a long time ago but the north has sworn to die because of the oil in Biafra. Everything they do and think of is geared towards 'oil money'. This is the reason why one always hears them say 'Niger Delta militants are destroying our oil'. They went as far as claiming ownership to all the oil in Biafra land. So, does it mean without this oil, the north cannot breathe?
No wonder an average northerner doesn't want to hear the name- Biafra, they are fully aware that once Biafra is restored, their umbilical cords are cut off, which is the oil. It is pertinent to note that Biafra is an ideology whose time has come and nothing on earth can stop her Restoration. The earlier the north embraces the reality about Biafra restoration, the better for all of them.
Edited by Ngozi Kalu
For Family Writers
Nigeria (the zoo ) is nothing but a coward buhari and his fellowers has not seen anything yet this is just the beginning
ReplyDeleteI have heard a number of northerners and their politicians say that if the oil had been located in the north, Easterners (SE/SS) would've been cut-off from Nigeria or be enslaved and Islamized. Even with the massive oil deposits in Biafra land, manpower and creativity, you are still being treated like third-class citizen and slaves. Biafra must be restored no matter what!
ReplyDeleteDELTA-AVENGERS,you are really heroes of BIAFRA. It should be a compliment to all of you, when Buhari cries out "Evengers" have finished us. BIKO keep on! All haile BIAFRA!!
ReplyDeleteNa waao oh! Why all the crocodile tears? I thought they claimed that they found oil in Lagos and Chad basin? By the way, what happened to all the solid minerals being mined in the North; are they not part of the national cake? Where is EFCC on this matter; what happened to Nigerian cocoa and Nigerian groundnut pyramid in the North, bauxite, tin, aluminum, gold, iron, Barytes, bitumen, Gypsum, kaolin, coal, and the rest? Where is EFCC, DSS, Army, Police, Navy, Mobile Police; the Judges, Fulani Herdsmen, Boko Haran on the matter of these national resources? Can somebody help me out?
ReplyDeleteAll Hail Biafra!