Chevron Nigeria Limited, (CNL) says it remains committed to reducing emissions and finding cleaner fuels in the energy mix.
A statement issued by Esimaje Brikinn, General Manager, Policy,
Government and Public Affairs at CNL quoted Rick, Chairman/Managing Director of
the oil firm as making the assertion at the ongoing Nigerian International
Petroleum Summit in Abuja.
He said CNL has identified opportunities in lowering carbon emissions
and harnessing Nigeria’s gas resources as key enablers in complementing the new
approaches to future of hydrocarbons in the Nigerian oil and gas industry in
the post COVID-19 era.
Kennedy, who was represented by Monday Ovuede, Director, NNPC/CNL Joint Venture, spoke during the CEO Roundtable at the NIPS at the International Conference Centre.
He highlighted the impact of the pandemic on the global oil and gas industry,
and commended the resilience of the industry operators in sustaining critical
production and remaining competitive.
The feat , he said was achievable through several initiatives such as
adoption of digital innovation and leveraging industry collaboration.
Kenedy noted that the global community has continued to scale up the
collaboration towards lower carbon emissions, adding that Chevron supports
global efforts to reduce carbon emissions and is actively investing in
operations to improve environmental performance.
He said th3 company was also working with industry to develop new
innovative technology and best practices to achieve these objectives.
He emphasized that CNL’s gas strategy is to end routine gas flaring and build a
profitable gas business through a portfolio of projects.
He said that in Nigeria, CNL, with its joint venture (JV) partners, have
progressively reduced routine gas flaring by over 95% in the past 10 years and
remained ahead in terms of maximizing supply of gas into the Nigerian domestic
market. .
He also highlighted the NNPC/CNL’s Gas Sales and Aggregation Agreements with
Egbin Power Plc, Dangote Fertilizer Limited, and Olorunsogo Generation Company
Limited as the major gas utilisation projects.
He listed the positive impact of the West African Gas Pipeline (WAGP)
through which Nigeria supplies gas to countries in the West African
sub-region – specifically, Ghana, Togo, and Benin - thus, helping to boost
economic development in West Africa.
The CNL MD noted that Chevron has joined other energy companies supporting the
Methane Guiding Principles to reduce methane emissions from natural gas
exploration and production operations.
The initiative is achieved through digital innovation and deployment of
best practices, which include designing, constructing, and operating its
facilities in a manner to reduce emissions from its operations.
According to him, the new approaches to future of hydrocarbons involve the
development of robust policies and regulations to address and remedy existing
challenges in the oil and gas industry.
The appraoch includes application of digital technology/innovations;
cost efficiency initiatives; sustained social investments and continued support
for Nigerian Content Development.
According to him, for the last 10 years, CNL has spent an estimated
annual average of $1 billion on Nigerian suppliers and service providers in
line with its commitment to Nigerian Content Development.
Participants at the roundtable include the Group Managing Director, NNPC, Mr.
Mele Kolo Kyari, Chairman, Shell companies in Nigeria/MD SPDC, Mr. Osagie
Okunbor, MD/CE, Total Nigeria E&P, Mr. Michael Sangster.
Others are, Managing Director, ENI Nigeria, Mr. Daniele Roberto, MD/CEO,
Nigeria LNG Limited, Mr. Tony Attah and Chief Executive, OVH Energy Marketing
Ltd, Mr. Huub Stokman.
The keynote address was delivered by the Minister of State for Petroleum
Resources, Chief Timipre Sylva.
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