Skip to main content

Posts

Showing posts with the label NNPC

I was dismissed after saving N25bn in contract bid – Ex-NNPC employee

Arigbabu  Olatokunbo A former employee of the Nigerian National Petroleum Corporation Limited, Olatokunbo Arigbabu, in this interview with Dayo Oyewo, explains how he was allegedly unjustly dismissed and his entitlements withheld for exposing a contract deal that saved the company over N25bn When did you join NNPC? I was recruited from London, Great Britain by the Federal Civil Service Commission and seconded to the Ministry of Petroleum Resources in 1977. How did this whole issue start? It was at the end of 1992, to early 1993, in my capacity as Chief Engineer, my employer (then), the  Nigerian National Petroleum Corporation sent me on an assignment involving the Mobil-NNPC Joint Venture in Princeton, New Jersey, USA. The team included 10 expatriate management our assignment was to verify and confirm the representations made by different consortiums that submitted bids for the EPC contract of the Quo-Ibow (QIT) Terminal (Upgrade) Expansion. Three consortia eventually emerged,...

JUST IN: NNPC discovers oil in Nasarawa

NNPC The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state. It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023. On January 5, 2023, news media outlets reported that NNPC was prospecting for crude oil in more locations across the north, after discovering the commodity in Bauchi and Gombe states. The report stated that NNPC was taking coordinated steps for more frontier exploration in the region, as part of measures to shore up the country’s oil output and reserves. The company had disclosed this in a document on the frontier exploration services activities of the NNPC from 2020 to 2022, as outlined some prospective states where oil was expected to be discovered include Niger, Nasarawa, Sokoto, Borno, Yobe, Adamawa, Bauchi, ...