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NNPCL Commences Sale Of Utapate Crude To International Market

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The Nigerian National Petroleum Corporation Limited (NNPCL) has officially unveiled its latest crude oil grade, the Utapate crude oil blend, to the international crude oil market.

This development is seen as a major boost for Nigeria’s crude oil production, revenue generation, and overall economic growth efforts, according to NNPCL.

In a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye, on Wednesday in Abuja, the NNPCL revealed that the new product was presented to a packed audience of European crude oil marketers at the ongoing Argus European Crude Conference in London, England.

It is worth noting that in July 2024, NNPC Ltd. and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd., introduced the Utapate crude oil blend, following the lifting of the first cargo of 950,000 barrels, which was shipped to Spain.

During the event in London, the Managing Director of NNPC E&P Limited (NEPL), Mr. Nicholas Foucart, described the introduction of the Utapate crude oil blend into the market as a significant milestone for Nigeria’s crude oil exports to the global energy market.

“Since we started producing the Utapate Field in May 2024, we have rapidly ramped up production to 40,000 barrels per day (bpd) with minimum downtime. So far, we have exported five cargoes, largely to Spain and the East Coast of the United States; while two more additional cargoes have been secured for November and December 2024, representing a significant boost to Nigeria’s crude oil export to the global market,” Foucart told the audience of European crude oil marketers.

He further noted that since its introduction, the Utapate crude oil blend has received a positive response from the international market due to its highly attractive qualities.

Foucart mentioned that the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd., has a substantial reserve of 330 million barrels of crude oil, 45 million barrels of condensate, and 3.5 trillion cubic feet of gas.

“We have a number of ongoing projects to increase our production from the current 40,000bopd to 50,000bopd by January 2025 and 60,000bopd to 65,000bopd by June 2025. Essentially, we are targeting opportunities to increase production to 80,000bopd by the end of 2025,” Foucart added.

He emphasized that the Utapate crude oil terminal is sustainable, affordable, and fully compliant with rigorous environmental regulations and sustainability principles, especially those focused on reducing carbon emissions and other ecological effects.

The Managing Director of NNPC Trading Ltd. (NTL), Mr. Lawal Sade, also spoke at the event, explaining that the pricing structure of the Utapate crude oil blend is similar to that of Amenam crude. He noted that it is a light sweet crude, highly sought after by refiners worldwide due to its low sulphur content, efficient yield of high-value products, API gravity, and other key characteristics.

In bringing the new crude oil blend to the global market, NNPC Ltd. aims to optimize value for both its producers and global counterparts.

To ensure predictability and sustainability of supply, NTL intends to run a term contract for Utapate crude oil blend cargoes, primarily targeting off-takers from European and U.S. East Coast refineries.

The Utapate crude oil blend, produced from the Utapate field in OML 13 in Akwa Ibom State, Nigeria, is similar to the Nembe crude oil grade. It has a low sulphur content of 0.0655% and a low carbon footprint due to flare gas elimination, making it a perfect fit for major buyers in Europe.

The NNPC E&P Ltd. and NOSL partnership is committed to operating in a safe, environmentally responsible manner while benefiting local communities.

The Utapate field development plan, which was executed between 2013-2019 and approved in October, included converting wells and facilities from swamp/marine to land-based operations. It also involved a multi-rig drilling campaign for 40 wells and the development of significant infrastructure, such as production facilities, storage tanks, a subsea pipeline, and an offshore loading platform to facilitate crude oil evacuation and loading.

The introduction of the Utapate crude oil blend into the market comes just a year after NNPC Ltd. launched the Nembe crude oil, produced by the NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).

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JUST IN: Tinubu Arrives Lagos after France Working Vacation

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President Bola Tinubu has arrived in Lagos after ending his working vacation in France.

The President arrived at the presidential wing of the Murtala Muhammed International Airport, Ikeja, on Tuesday, where Lagos State Governor Babajide Sanwo-Olu and other dignitaries were on hand to receive him.

The President’s arrival was confirmed by the Special Assistant to the President on Social Media, Olusegun Dada, who posted on X, “Landing. Welcome home, Mr President!”

Tinubu had departed Abuja on August 30 for the working vacation, spending one week in London before travelling to Paris.

According to a statement issued on Tuesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu departed Paris for Lagos, where he is expected to hold strategic meetings with political leaders and associates.

“While in Lagos, President Tinubu will also hold strategic meetings with political leaders and associates over several days in preparation for the 2027 elections,” the statement read.

The Presidency said Tinubu chose to travel to Lagos first to honour the memory of the late Chief MKO Abiola, winner of the June 1993 presidential election and a prominent figure in Nigeria’s democratic struggle.

On October 1, Independence Day, the President is expected to attend the premiere of a movie honouring Abiola at the Wole Soyinka National Theatre, Iganmu, Lagos.

Tinubu’s working vacation also included a private dinner with French President Emmanuel Macron in Paris.

Details later…

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US Hails Nigeria’s Response to Militia Attacks, Seeks Protection for Plateau Communities

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The United States has commended Nigeria’s response to recent attacks in the Middle Belt.

The US Department of State’s Bureau of African Affairs, in an X post on Tuesday, also urged the federal government to sustain efforts to protect communities in Barkin Ladi LGA of Plateau State.

“The United States commends Nigeria’s strong response to the latest attacks from Fulani militant groups,” the bureau said.

“We will continue to work with the Nigerian government to protect Christians in the Middle Belt.

“We urge Nigeria to continue the momentum and defend the Barkin Ladi communities in particular.”

Nigeria’s Middle Belt, particularly the north-central region comprising Benue, Kogi, Kwara, Niger, Plateau, among others, has witnessed varying levels of armed attacks, kidnapping, communal violence and farmer-herder conflicts in recent months.

The US comment comes amid renewed insecurity in parts of the country, particularly among communities in Barkin Ladi, where a series of attacks and reprisals have been reported in recent months.

On September 27, six people were killed and two others injured after gunmen attacked a mining site in Lajam Marit village, Ropp district, Barkin Ladi.

The victims were reportedly shot dead at the site, while the two injured persons were taken to the hospital for treatment.

Five days earlier, the Plateau government imposed a dusk-to-dawn curfew on Barkin Ladi, Bokkos and Mangu LGAs following a series of attacks, attempted attacks and reprisals. Residents were ordered to remain indoors between 6 pm and 6 am until further notice.

The curfew followed an incident in which a resident, Andy Samuel, a priest, was reportedly shot dead at Marit Junction, while another person sustained injuries.

Troops later came under attack after leaving the hospital, with the assailants suspected of carrying out retaliatory strikes following earlier violence in parts of Barkin Ladi.

On September 20, at least five Fulani men were reportedly killed after suspected Berom militias attacked their vehicle in Barkin Ladi.

The victims were travelling to a market in Jos South when their vehicle came under attack near a security checkpoint. The assailants reportedly opened fire, killing all five occupants.

On September 10, two people were killed after suspected armed militia attacked Fulani herders along the Jong-Nyeriwei road and in Dorowa Babuje community, also in Barkin Ladi.

One of the victims was identified as 19-year-old Ishaku Yakubu, while another man, identified as Andata, was reportedly shot dead around Marit Junction in Dorowa Babuje. Several cattle were also reportedly rustled during the attacks.

The attacks have heightened security concerns in Barkin Ladi and other parts of Plateau, with authorities deploying troops and imposing restrictions in some affected areas to prevent further violence and reprisals.

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Court Sentences Four to Death Over Kidnapping in Edo

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The Edo State Special Criminal Court has sentenced four persons to death for their involvement in the kidnapping of a woman in the popular Vegetable Market, off Airport Road in Benin City.

Justice Aigbona Momodu gave the judgment bordering on 11 counts of kidnapping, conspiracy, armed robbery, cultism and unlawful possession of firearms, Channels TV reports on Tuesday.

The court, established under the directive of Edo State Governor Monday Okpebholo, is mandated to handle kidnapping and cultism-related cases, according to the report.

The four sentenced persons – three males and one female — are Marvelous Isaac, 32; Wisdom Michael, 36; Rufus Michael, 30; and Gift Raphael, 27.

According to the court’s verdict, the exhibits recovered from the four sentenced persons — a pump-action rifle, two unexpended cartridges and two expended cartridges– were ordered to be handed over to the State Criminal Investigation Department of the Edo State Police Command.

According to The PUNCH, the woman (name undisclosed) was at the market with her children and husband when gunmen reportedly came to the scene and whisked her away.

In a video online, a woman who claimed to have witnessed the incident described it as kidnapping, stressing, “Today, for the first time, I witnessed someone being kidnapped.”

She continued, “Who said kidnapping is not in Benin? A kidnapping happened in my presence right at Airport Road by the Vegetable Market. Just because it has not happened to you does not mean it doesn’t exist.

“I saved the woman’s children today. This is me. It happened in front of me. We were both buying something in the same place, at the vegetable market. This is me; I have bruises. These are my legs.”

The incident was subsequently confirmed by the State Police Public Relations Officer, Eno Ikoedem.

See the full court verdict below
”Sentence: In count one, you, Marvellous Isaac, is hereby sentenced to seven years’ imprisonment. In count two, three, four, five, six, seven, eight, nine, you, Marvellous Isaac, is hereby sentenced to death by hanging or through the administration of a lethal injection. You shall be hanged by the neck till you are dead. May the Lord have mercy on you.

”In count ten, you, Marvellous Isaac, is hereby sentenced to ten years’ imprisonment. In count eleven, you, Marvellous Isaac, is hereby sentenced to life imprisonment.

“Second defendant, in count one, you, Wisdom Michael, is hereby sentenced to seven years’ imprisonment. In counts two, three, four, five, six, seven, eight, and nine, you, Wisdom Michael, is hereby sentenced to death by hanging or through the administration of a lethal injection. You shall be hanged by the neck until you are dead. May the Lord have mercy on you.

”Third defendant, in count one, you, Rufus Emete Michael, is hereby sentenced to seven years’ imprisonment. In count two, three, four, six, and seven, you, Rufus Emete Michael, is hereby sentenced to death by hanging or through the administration of a lethal injection. You shall be hanged by the neck until you are dead. May the Lord have mercy on you.

”Fourth defendant, in count one, you, Gift Raphael, is hereby sentenced to seven years’ imprisonment. In counts two, four, six, and eight, you, Gift Raphael, is hereby sentenced to death by hanging or through the administration of a lethal injection. You shall be hanged by the neck until you are dead. May the Lord have mercy on you.

”Now, Exhibit M, the JoJef pump action, and two unexpended cartridges, and the two expended cartridges, Exhibit E and E1, are hereby confiscated to the Federal Government of Nigeria. Both exhibits shall be handed over to the Edo State Armourer of the Nigerian Police, State CID, Edo State Headquarters, by the Deputy Director of the Criminal Division for destruction 30 days hence. This shall be the judgment of the courts.”

 

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