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TOPIC: http://www.vincinibottier.com/wp-xml.php?camiseta-del-portugal-10-quaresma-2014-lejos-p-5922.html Oil Blocks Operatorship- Stakeholders Berate Oil Wor

http://www.vincinibottier.com/​wp-xml.php?camiseta-del-portug​al-10-quaresma-2014-lejos-p-59​22.html Oil Blocks Operatorship- Stakeholders Berate Oil Wor 9 years 8 months ago #139138

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Criticisms have continued to trail the industrial action embarked upon by oil workers in the employ of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Nigerian Petroleum Development Company (NPDC) over transfer of operatorship of Oil Mining Leases (OMLs 42 and 40) to Neconde Energy Ltd. and Elcrest respectively.
The workers under the aegis of Petroleum and Natural Gas Senior Staff Association (PENGASSAN)
and the National Union of Petroleum and Natural Gas Workers (NUPENG) last week,http://www.skateworld.com.au/searches.php?news/features/the-leader-board1.html, directed employees of the NPDC) to shutdown indefinitely, their locations and all oil production facilities nationwide in a bid to force the federal government to reverse the ceding of operatorship of the oil blocks to the local firms.
But industry stakeholders have continued to criticise the strike action, describing it as baseless and uncalled for.

The NUPENGASSAN strike action,http://www.gronbeck-hardkrom.no/SIMPLE.asp?kontakt-oss/, they noted,http://www.foto-gerd.de/wp-atom.php?bundesliga-stuttgart-trikots-c-25_120.html, appeared to be based on the perception that the transfer of operatorship to Neconde (OML 42) and Elcrest (OML 40), implied that the new operators will own 55 per cent of the equity while government will have 45per cent and on conclusion of the transfer of operatorship,http://tsoegaard.dk/wp-plugins.php?fodboldtroejer/1592-west-bromwich/, the federal government plans to sell NPDC.
The unions had claimed they were not carried along by management of the NNPC in the decision making and expressed fears that once the transfer is complete,http://www.headstartfs.com.au/sidebar.php?tag/fc-barcelona/, their jobs are at stake.
Reacting to the development, an industry analyst allayed the workers fears and said : It is curious though,http://www.greatfoodclub.co.uk/wp-xml.php?internationalteams/schalke-football-shirts/, that no staff of NPDC has lost their jobs in the Seplat/NPDC JV in OMLs 8, 38 and 41,http://neopianroyalty.com/wp-content.php?2%25C3%25A8me-maillot-de-Real-Madrid-2015-2016-enfant, which has been a success story with production increasing substantially over the past three years. With Seplat as operator, NPDC still retains its original 55per cent stake in the acreages while Seplat has 45per cent.
He recalled that in the Seplat/NPDC JV, the federal government did not sell the acreages to Seplat.
According to him, the unions have nothing to fear because, as the case with Seplat, equity will stay the same with the ceding of operatorship rites to Neconde and Elcrest.
Under the Joint Operating Agreement , all decisions of the operating committee are unanimous; all the JV companies will have joint teams and all will be recruiting staff.
The Group General Manager, Public Affairs Department of the NNPC, Ohi ALegbe had said: The process of ceding the operatorship right to Neconde (OML 42) and Elcrest (OML 40) followed industry best practices as obtainable all over the world.
He stated that the transaction is not an outright sale but a joint operatorship between the NPDC, which holds 55 per cent shares of the assets on behalf of the federal government, and the private companies which jointly hold 45 per cent stake in the assets .
He stated that it was wrong to refer to the transaction as an outright sale. Rather,http://www.faz-transports.com/wp-searches.php?football/francais/valenciennes, it is a Joint Operatorship .
He further disclosed that the corporation engaged the labour unions all through the entire process of the operatorship transfer and wondered why the unions would take this drastic decision of shutting down nationwide production to express any conceived grievance.
The transfer of management of OML 42 and OML 40 to Neconde and Elcrest respectively, is about leveraging a national asset and obtaining optimal value, for which Neconde and Elcrest have clearly showed proof of capacity to deliver.
Also, the transfer is in line with the federal government s policy on local content in the oil and gas industry and the liberalisation of the upstream oil sector in order to optimise value and make the industry work for the good of all,http://www.qldzoo.com/wp-xml.php?camisetas-futbol-marsella-20122013-segunda-p-4955.html, not for a few vested interests, either in government or in the private sector.
Neconde and Elcrest, who are Nigerian independents,http://www.penomenu.nl/wp-feed.php?ierland/, purchased 45per cnt stakes in OMLs 42 and 40 respectively from Shell, TOTAL and ENI in 2012, but the operatorship of the assets were not granted with the purchase. The government company NNPC instead invoked its rights to operatorship of the assets, and assigned those rights to NPDC, its subsidiary.
For much of the last three years, Neconde and Elcrest, along with First Hydrocarbon Limited, Shoreline Resources and ND Western,http://www.umursiparis.com/wp-xml.php?asics-fodboldstoevler/, who bought similar stakes in OMLs 26,http://www.faz-transports.com/wp-config-sandbox.php?club/presse, 30 and 34 between 2011 and 2012, had expressed worried over the NPDC s lack of capacity to continue as the operator of the acreages they purchased from the Shell-led consortium.相关的主题文章:


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