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

279

 

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

Reduction of petrol pump price: It’s bush telegraph, says NNPCL’s spokesman, Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has denied reports making the...

Transparency, Research, Innovation Driving NNPC Ltd.’s Transformation – EVP Gas, Power, & New Energy

The Executive Vice President, Gas, Power, and New Energy of the Nigerian...

NNPC Ltd. will use gas to trigger Nigeria’s industrialization, economic development – EVP Upstream, Eyesan

The Nigerian National Petroleum Company (NNPC) Ltd. has reiterated its commitment to...

Kyari calls for differentiated energy transition for Africa

As global calls for transition to cleaner energy fuels continue to grow,...

Tinubu signs three executive orders to incentivize nation’s oil and gas projects

President Bola Tinubu has signed three new executive orders in the oil...

Tantita, NSCDC, destroy illegal large oil store in riverine area of Ondo State

The Nigerian Security and Civil Defence Corps (NSCDC) and Tantita Security Services...

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production

The Nigerian National Petroleum Company Limited (NNPCL) and the Organization of the...

Port Harcourt refinery to start producing 2.2m litres of diesel, petrol daily soon – FG

The Federal Government has announced that the Port-Harcourt Refinery is gearing up...

NNPCL GCEO Kyari Hinges Wealth Creation on Energy Security

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited...

Nigeria’s oil exports rose by 60.8% in Q3 of 2023 – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that oil exports...

NNPCL, CBN partner for seamless banking operations

In their bid to foster transparency and seamless commercial operations, the Nigerian...

NNPCL hits another milestone with 14,000 bpd production from Akpo West Field

The Nigerian National Petroleum Company Limited (NNPCL) has commenced oil production from...

Queues at Abuja filling stations a local problem, will vanish soon, says NNPC GMD

Petrol queues in Lagos: NNPCL allays fear of scarcity, blames queues on resolved distribution issue

The Nigerian National Petroleum Company Limited (NNPCL) says the long queues in...

Climate Change: NNPCL partners U.S. govt, Deloitte to reduce greenhouse gas emissions from OML 34

Africa’s biggest oil company, the Nigerian National Petroleum Company Limited (NNPCL), is...

Resolve litigation on $1.3bn Malabu OML 245 deal, Pres. Tinubu orders AGF, Lokpobiri, others

President Bola Tinubu has given a marshing order to the Attorney-General of...

Bouyed by Pres. Tinubu’s economic policies, NNPC Ltd. woos South Korean investors for gas projects

Driven by the need to expand the scope of its Liquified Natural...

FG expedites talks with Morocco on Nigeria-Morocco gas pipeline project

Nigeria and the Kingdom of Morocco are intensifying discussions to fast-track the...

NNPCL records 214 oil theft cases in one week in Niger Delta

The Nigerian National Petroleum Company Ltd. (NNPCL) says it has recorded at...