Minister of state, petroleum resources, Mr. Timipre Silva has listed the six draft Petroleum Industry Act (PIA) regulations billed for review at the 2-Day Stakeholders Forum which opened in Abuja yesterday.
The forum is one of the activities marking the Nigerian National Petroleum Company Ltd Industry Week which kicked of yesterday in Abuja.
Addressing the participants in the Forum, Silva said draft for considera include, the Nigerition Upstream Fee and Rent Regulations, the Petroleum Licensing Round Regulations, and the Domestic Gas Delivery Obligations Regulations.
Others are the Nigeria Conversion Regulations, the Nigeria Royalty Regulations and the Nigeria Host Community (Commission) Regulations.
He said that the Commission would carry out other similar stakeholders’ engagements in the course of the implementation of the PIA.
Still in the NNPC week under review, the NNPC Ltd. and its partners – TotalEnergies, China National Offshore Oil Corporation, Prime 130 and Sapetro inaugurated four projects in Cross River, Delta and Rivers in line with their Corporate Social Responsibility (CSR) policies.
The projects which include a Maternal and Child Referral Centre located in the University of Calabar Teaching Hospital (UCTH), Cross River, boreholes and water treatment plants at Ikiri, Rivers State, Warri in Delta State, and Odukpani, in Cross River, were all recently inaugurated and handed over to the beneficiary communities.
Speaking at the event, the group general manager, National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti, said that the NNPC Ltd was committed to the implementation of projects that guarantees sustainable development of its host communities.
“These projects were borne out of the need to mitigate the obvious gaps in healthcare, quality education, water, and women and youth empowerment as stipulated by the relevant Sustainable Development Goals (SDGs).
“NNPC and its partners are socially responsible organisations that are committed to improving the livelihood of the citizens of our great country,” Wunti said.
On his part, Managing director, TotalEnergies upstream companies in Nigeria, Mr. Mike Sangster, said that the projects were designed to reduce the negative impacts of the lack of qualitative and technical education.
Sangster said that the projects were also designed to reduce maternal and child health, access to clean water, and women and youth empowerment.
He also stated that the projects’ sites were carefully chosen for maximum impact, as derived from the needs’ assessment carried out prior to their conception and subsequent deployment.
“It is important to note that the implementation of these projects was achieved through the novel ‘Project Managers’ approach.
“This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement.
“I am very happy that the pilot projects are successfully executed. We are using the Return on Experience, to improve our processes and deliver our second and third phases faster and better,” Sangster said.
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