Fidelity bank banner UBA banner
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: 1,608


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

 

You may also like...
US Presidential Election: Clinton’s team throws weight behind...

Drug baron in the net •How he was...

Rainstorm destroys royal Palace in Ekiti

Herdsmen launch another attack in Adamawa, leave 3...

Illegal land sales: Father in detention as Edo...

10,000 youths to benefit from CBN Anchor Borrowers...

FG sacks 20,000 ghost workers

Kidnapped Bayelsa ex-commissioner regains freedom but soldier’s fate...

Okiro rubbishes Nuhu Ribadu, denies plotting ex-EFCC Chairman’s...

Royal father charms Pastor’s daughter? •She’s under certain...

2019: Atiku screens 200 support groups

Why NBA cannot ask judges ‘to step aside’,...

 

Latest News THE BIG TRIAL: The 11 charges slammed on Ex-Governor Fayose by EFCC Delta indigene appointed Judge in USA •Appointment well deserved, says Okowa Oshiomhole cries out over gang-up in APC 22 suspects arrested over Kaduna violence FG has not been fair to South East — Ikpeazu Major shake-up hits Civil Defence Good Governance group tasks Northern leaders on Nigeria’s next President Two brothers arraigned for allegedly killing cousin in Anambra 83m to vote in 2019 — INEC chair How I will fix electricity problem in 36 months if elected President — SDP Candidate Donald Duke Atiku to supporters: Conduct yourselves respectfully Nigeria to host 90% of world’s extremely poor by 2030: World Bank

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (408,793 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,463 views) Shameless Genevieve Nnaji exposes breasts in public (315,886 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (258,978 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,323 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,935 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,780 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,187 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,030 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,322 views) Lagos plane crash: Journalist releases victims’ names (161,988 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,695 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,702) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (304) International (2,562) Interview (165) Live Commentary (28) Love Matters (145) News (39,822) Opinion (1,126) Pidgin (13) Politics (7,340) Religion (885) Sports (1,739) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement