Mele M Kyari, GMD NNPC
Mele M Kyari, GMD NNPC
Oil & Gas

NNPC Rolls out ‘Melemeter’ a Quarterly Appraisal of Mallam Mele Kyari’s Performance as GMD

465

 

Three Months of Accomplishments

Igniting a historic economic boom: The Group Managing Director of the NNPC, Mallam Mele Kyari’s pro-growth policies are unleashing economic growth and providing opportunities to grow the corporation into one of the best in the world.

 

Within the last three months leveraging on the values behind his (Transparency, Accountability and Performance Excellence) TAPE blueprint, Mallam Mele Kyari, NNPC’s GMD, sets in motion fresh vista of optimism across the corporations value chain.

 

The NNPC in a quarterly in-house magazine rolled out ‘Melemeter’ an appraisal of the performance of the GMD.

 

The MeleMeter

 

  • 75m NPDC OML 65 Alternative Funding and Technical Services package with CMES-OMS Petroleum Development Company- Nigeria to earn fresh $6.35bn in taxes, royalties throughout the duration of the project.

 

  • Resuscitation of Ilorin Depot after eight years of inactivity.

 

  • Resolution of intractable Shell/Belema Oil-OML 25 Community crisis – with restoration of 35, 000 barrels of crude oil per day.

 

  • Clear timeline for delivery of comprehensive rehabilitation of nation’s refineries in Port Harcourt, Warri and Kaduna

 

  • Signing of $3.15bn alternative financing package with Sterling Exploration and Energy Production Company Limited (SEEPCO) for NPDC’s OML 13- The Federation is expected to earn over $10.2 bn in royalties and taxes from the project over 15 years while NNPC will earn $5 billion.

 

  • Signing of the Abo OML 125 Heads of Terms between NNPC and Nigeria Agip Exploration Limited (NAE) Agreement –which marks significant advancement in resolving issues around most deep offshore production sharing contracts- paving way for eventual renewal of OML 125 and further investment in exploring Abo field resources.

 

  • Execution of novation agreement for transfer of NNPC’S interests in OMLs 60, 61,62 and 63 to NPDC to grow the company into formidable exploration and production entity

 

Leave a comment

Related Articles

$26bln African Atlantic Gas Pipeline Project Gains Momentum

The federal government, in collaboration with the Economic Community of West African...

ECOWAS, Nigeria, Morocco, Mauritania Commit to $26bln African Atlantic Gas Pipeline Project

“The project, conceived in 2016 during King Mohammed VI of Morocco’s visit...

Troops crack down on oil thieves in Niger Delta

The Nigerian Army’s 6 Division, in collaboration with other security agencies, has...

Adokiye Tombomieye, ex-NNPC Ltd. VP Upstream, canvasses skills transfer, knowledge sharing among young engineers under mentorship

A former Executive Vice President, Upstream, Nigerian National Petroleum Company Ltd. (NNPC...

NUPRC Approves Seplat-ExxonMobil Divestment, Launches “Operation 1 Million”

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given the green light...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant...

NNPC Ltd. reiterates commitment to peace, prosperity in Niger Delta

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its dedication...

I didn’t ask NNPC Ltd to give up running own refineries – Oil Minister of State, Lokpobiri

Contrary to reports making the rounds, the Minister of State for Petroleum...

Nigeria faces potential gas supply crisis by 2030, says NUPRC Chief

Nigeria may experience a significant gas supply crisis by 2030, with a...

Oil prices surge by $1 amid Middle East tensions

Oil prices jumped by over a dollar in early trading on Wednesday,...

Whopping N5.4trn to be saved from petrol subsidy removal in 2024, says Gov. Abiodun

Ogun Gov. Dapo Abiodun has disclosed that the subsidy on fuel, if...

NNPC Ltd, a responsible, patriotic corporate citizen prioritizing Nigerians’ welfare over profiteering – ex-Presidential spokesman

Imbued by patriotic spirit and well-being of Nigerians, the Nigerian National Petroleum...

Tinubu’s marching order shoots up oil production output to 1.7 mbpd— Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd ) has announced a...

NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off

The Presidency has announced the take-off of the $550 million upstream gas...

NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

In the face of the challenges in the oil sector, particularly the...

Crude oil contributed N14.56trn to Nigeria’s exports in Q2 2024

Crude oil exports accounted for 74.98 percent of Nigeria’s total export value...

NNPC Ltd/Chevron JV Concludes Assets Conversion to PIA Terms

In accordance with the Petroleum Industry Act (PIA) 2021 provisions for transiting...

NNPC Ltd. signs partnership deal with China Engineering Corporation for power project funding

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a deal...

NNPC Ltd’s $6bln debt confirms Tinubu’s truthfulness about fuel subsidy removal – Presidency

The Special Adviser to the President on Information and Strategy, Mr. Bayo...