Search
Close this search box.
FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations
FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations
FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations
– By majorwavesen

       Share 

Facebook
Twitter
LinkedIn
WhatsApp

FG to Spend $21 Million on Meter Installation in 187 Niger Delta Crude Oil Flow Stations

The Federal Executive Council (FEC) has approved a $21 million project to install meters at all 187 crude oil flow stations in the Niger Delta. The initiative aims to ensure accurate accounting of the country’s crude oil production using digital platforms.

Heineken Lokpobiri, the Minister of Petroleum Resources,
Heineken Lokpobiri, the Minister of Petroleum Resources,

Heineken Lokpobiri, the Minister of Petroleum Resources, announced this development during a media briefing in Abuja on Friday. He emphasized that this project is part of a broader digital strategy to track all crude oil vessels from their point of origin in the Niger Delta to their final destinations worldwide.

“One of the key approvals of the Federal Executive Council that held on Wednesday has to do with awarding a contract for the metering of about 187 flow stations across the Niger Delta region of Nigeria for the Nigerian Upstream Regulatory Commission (NUPRC). NUPRC is the apex regulatory agency for the Nigerian oil and gas upstream sector,” Lokpobiri stated. “As part of our steps to ensure that we have proper accountability, the Federal Executive Council approved the metering of all our production, and we have 187 flow stations in the country scattered across the Niger Delta area. This contract will give us a proper account of what we produce and what we export. It is a major development that has never happened in this country.”

The Minister noted that the project is set to be completed within six months, or 180 days.

Related Posts

Additionally, Lokpobiri disclosed that another memo was approved by the FEC for “advance cargo” tracking. This system will monitor crude oil from the point of loading at terminals to the final destination using digital technology.

“The second memo approved by the council involves awarding a contract to a company that will provide the technology within the same period (180 days) to enable us to track every cargo of crude oil loaded in Nigeria up to the point of destination,” he explained. “This will ensure cargo loading is monitored through digital technology until it is delivered at the final destination.”

These measures are expected to enhance transparency and accountability in Nigeria’s oil production and export processes.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report

Show Buttons
Hide Buttons