Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, on Saturday, visited the Erha floating production, storage and offloading (FPSO) operated by ExxonMobil Nigeria.
Speaking during the visit Kachikwu urged Mobil to not only focus on the profitability of the firm but also on giving back to the society having been doing business around the country for a long time. He commended the crew on behalf of the Federal Government of Nigeria for their sacrifice, urgency of attention and value addition.
Kachikwu also name-checked the Department of Petroleum Resources’ automation initiatives that include Crude Oil and LNG Tracking (COLT), Automatic Downstream System(ADS) and Accelerated Lease Renewal Program (ALRP). He also referenced the community engagement drive of the organization evidenced by the peace and harmony seen in operating areas.
This latest round of visits to the FPSO’s is to provoke the Oil Production Fields of Nigeria to ramp up their crude production and unlock gas in line with the Gas Revolution Agenda of the #7BigWins
Responding Richard Laing Executive Director and Production Manager, ExxonMobil Nigeria, debunked the rumour about the Organization’s exit from Nigeria. He further noted that the ERHA field is located in Oil Mining Lease (OML) 133 and ExxonMobil Nigeria holds a 56.25% participating interest while Shell Nigeria Exploration and Production Company (SNEPCO) holds the remaining 43.75% share.
The Floating, Production, Storage, and Offloading (FPSO) has about 2.2 million barrels of storage capacity making it one of the largest globally.