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Original Post Date: 2010-06-09 Time: 12:00:02 Posted By: News Poster
By Sopuruchi Onwuka
Lagos – Oil and gas companies operating production agreements with federal government exported a total of 200,120,265 barrels of crude oil and condensate to the export markets in the first quarter of the year.
The figures would now form the indices of government’s revenue performance in the first three months of the year.
They would also provide insight into the performance of the 2010 budget and predict the country’s foreign exchange income, total revenue and gross domestc product (GDP) for the year.
According to statistics of crude lifting in the period available to Business Champion the figure represented export lifting from the nation’s three main zones including Port Harcout, Warri and Lagos.
The crude and condensate export schedules which the Department of Petroleum Resources (DPR) said went smoothly engaged over 220 ocean going vessels which were authorized to lift the prized commodity from major terminals in the areas.
Out of the total, 15,320,000 barrels were condensate while the rest were crude oil grades from the deep offshore and onshore oil export terminals operated by Shell, ExxonMobil, Chevron and Eni.
In the Lagos Zone which comprises mainly the nation’s deepwater fields that produce with floating production, storage and offtake (FPSO) vessesls, a total of 44 vessels were cleared to load a nominated quantity of 43,441,250 bbls of Crude Oil from Chevron’s Agbami, Shell’s Bonga and ExxonMobil’s Erha Terminals.
No mention was made of the Akpo Deepwater field which is operated by Total Exploration and Production Nigeria Limited and Eni’ Abo field with the same FPSO model as Erha, Bonga and Agbami. It is however expected that figures from Akpo and Abo are included in the calculations since they are grouped into the Lagos offtake zone of the industry.
In the Warri Zone dominated by the Escravos Terminal operated by Chevron and Forcados Terminal Operated by Shell, a total of 59 vessels were cleared to load a nominated quantity of 47,021,732 barrels of Crude Oil from all the terminals in the zone.
Oyo terminal operated by CAMAC’s Allied Energy also had its maiden export during the period under review.
The export volumes were lifted from the Port Harcourt Zone where a total of 117 vessels were cleared to load a nominated quantity of 94,337,283 bbls of Crude Oil and 19 vessels to load a nominated quantity of 15,320,000 bbls of condensate from all the terminals from the zone.
The export terminals in the zone are dominated by Shell’s Bonny Terminal, ExxonMobil’s Qua Iboe Terminal and Eni’s Brass Terminal. There are also some shallow water FPSOs including Shell’s 120 barrels per day Sea Eagle producing the company’s EA Field and Eni’s FPSO Mystras which produces the Okono Okpoho Field jointly owned with Nigeria Petroleum Development Company (NPDC) of the Nigerian National Petroleum Corporation (NPDC).
According to DPR, the first and second quarter export permits have been processed while the figures for the second quarter exports are being compiled for release in the initial weeks of the third quarter.
According to official data accesses by Business Champion five deepwater fields currently on production, comprising Abo, Bonga, Erha, Akpo and Agbami, are pumping at a total average daily oil production of about 780,000 barrels of oil per day (bopd), while others are at different stages of project development.
Deepwater fields undergoing development project stages include Total’s Usan and Egina Fields and Shell’s Bonga plus projects including Bonga Southwest and Bonga North satellite fields.
Business Champion gathered that Shell and NNPC are at the stage of concluding the development model for the Bonga Plus projects after adopting a tie in to the existing FPSO Bonga in response gto budget constraints and consideration for capacity optimization.
It was gathered that while Shell preferred the development of billion barrel Bonga Southwest to be on stand alone FPSO, NNPC’s Exploration and Production Directorate overrode the operator’s decision with a tie in model for cost efficiency and early start.
Our sources also gathered that Bonga North development is also to follow the tie in model and ensure early production using the FPSO Bonga and the Stella single point mooring buoy for enhanced offtake traffic when all the three discoveries in the field come on stream as planned.
Shell’s onshore subsidiary, Shell Petroleum Development Company (SPDC), Business Champion gatherd, is also making efforts to commence activities in the Western area and has succeeded in putting EA field back on production.
Meanwhile the industry is working to recover production losses that have kept the nation’s output bellow its technical allowable output for the first half of the year with 40 development wells on course. The development wells as well as production site re-entry by operating companies after the Amnesty Program of the government are expected to close gaps between technical allowable voles and actual production.
The technical production allowable for the first half of 2010, according to official sources, was 2,501,682 bopd compared to 2,605,618 Barrels per day for the same period in 2009; while production deferment for the first quarter of 2010 was 522,869 barrels per day for January 2010; 507,199 barrels per day for February 2010; and 311,337 barrels per day for March, 2010.
Consequently, the average deferment for the first quarter of 2010 stood at 447,135 bopd; comprising 522,869 barrels per day in January, 507,199 barrels per day in February, and 311,337 barrels per day in March.
DPR however reported that Chevron wells that were hitherto shut-in a result of Niger Delta crisis and operational problems came on stream in March, thus bringing down the deferment in March.
Other efforts by DPR to enhance the nation’s output to the export market include unitization of straddled fields to ensure proper reservoir development and resources management; work programme presentations by all E & Production companies to review past activities and future plans, and audit of oil and gas reserves of all E & P companies in the country.
The audit exercise is to validate and authenticate the reserve figures submitted to DPR by companies, and will be concluded by the end of June.
Shipments of crude from Nigeria’s Qua Iboe have been halted. ExxonMobil said that its Nigerian unit had declared force majeure on Qua Iboe crude oil shipments following damage to a pipeline.
However, a similar force majeure by Shell on its Nigeria Bonny Light crude grades has been lifted after the company completed addressing issues associated with the export halt.
“Mobil Producing Nigeria (MPN) confirms that it has declared a force majeure due to the difficulty in meeting projected lifting due to repair work on a section of a pipeline,” the firm said in a statement.
MPN said that it did not know how long repairs would take to complete.
Business Champion checks at the weekend showed that the company has not resumed pumping from the export offtake terminal following delays in fast-tracking the pipeline repairs.
Corporate Communications spokesman, Mr. Yemi Fakayejo, told Business Champion that the situations that led to the declaration of force majeure has continued to exist, putting the company behind Shell in responding to similar emergency.
The force majeure on Shell’s Nigerian Bonny Light crude was lifted by the company on May 21.
The force majeure was declared on production from Shell’s Nigerian Bonny Light crude for May and June lifting in early-May due to leaks and fires on the Trans Niger pipeline.
Exports of Bonny Light crude had been expected to average 158,000 bpd in May and 152,000 bpd in June, according to loading programs the company said. With lifting of notice on halt on export lifting at the Bonny Terminal, Nigeria’s crud oil and condensate export is expected to significantly improve in the month and help in closing the gap between export capacity and physical crude output to the market.
Original Source: 
Original date published: 9 June 2010
Source: http://allafrica.com/stories/201006090545.html?viewall=1