1 week ago
3
In the Nigerian lipid and state sector, Engr. Gbenga Olu Komolafe, OFR, FNSE, stands arsenic a colossus, a steadfast usher steering the nation’s vigor vas done uncharted waters with clarity, imaginativeness and resolve.
For implicit 3 decades, helium has carved pathways of alteration similar a maestro craftsman shaping marble, etching his enduring bequest into the cloth of the upstream petroleum sector. With the bosom of a pioneer and the contented of a sage, helium has been some designer and navigator, gathering bridges wherever boundaries erstwhile stood and illuminating possibilities wherever erstwhile determination was darkness. He wears treble nonrecreational caps, reasoning empirically similar an technologist and reasoning logically similar a lawyer.
As the pioneer committee main enforcement (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), helium has turned the instrumentality of translation with his steadfast hands, tethering Nigeria’s vigor model to the bushed of planetary excellence. The Petroleum Industry Act, nether his watchful care, has go a lantern of progress, a beacon for sustainable maturation and regulatory integrity, casting lukewarm airy connected the nation’s vigor transition.
Under his visionary guidance, the NUPRC has surpassed its gross targets by up to 84.2 per cent, driving robust economical maturation and sectoral transformation.
As the pioneer CCE, Engr. Komolafe has masterfully integrated engineering precision and ineligible acumen to beforehand the implementation of the Petroleum Industry Act (PIA), establishing regulatory frameworks of transparency, sustainability and planetary champion practice.
His enactment has fostered integer innovation with the astir transparent bid rounds successful Nigeria’s past and operationalised the “Drill oregon Drop” policy, revitalising dormant fields and attracting billions of dollars successful investment.
Key achievements nether his tenure include:
Investment momentum: Approval of 79 Field Development Plans (FDPs) with imaginable investments approaching $40 billion, reflecting a robust model for attracting some section and planetary capital.
Production growth: A sustained emergence successful crude lipid production, with existent mean regular output astatine 1.68 cardinal barrels per time aft reaching astir 1.8 cardinal successful July 2025, marking the highest regular accumulation level successful caller times, and a wide pathway to 2.5 cardinal bpd by 2027 done strategical initiatives.
Curbing crude lipid theft: In 2021, the mean regular crude lipid losses stood astatine 102,900 barrels per time oregon 37.6 cardinal barrels per year. However, owed to the combined efforts of the wide information forces and backstage information contractors (TANTITA) arsenic good arsenic the collaborative effort of the Commission, this has been reduced by 90 per cent to specifically 9,600bpd successful September 2025.
Furthermore, 2 pioneer regulations introduced by the Commission person besides contributed to the success: The Upstream Measurement Regulation and the Advanced Cargo Declaration Regulation, respectively, person contributed arsenic pioneer efforts astatine achieving transparency successful hydrocarbon accounting.
Development wells deed 306 betwixt 2022 and 2025: As portion of its mandate to make the country’s hydrocarbons, the Commission has recorded 306 improvement wells drilled and completed betwixt 2022 and 2025.
Removing hindrances to exploration with 2D and 3D seismic data: The NUPRC issued Nigeria’s archetypal Petroleum Exploration Licence (PEL) for a ample offshore geophysical survey covering 56,000 km² of 3D seismic and gravity data.
Furthermore, the Commission has reprocessed 17,000 line-kilometres of 2D seismic information and 28,000 quadrate kilometres of 3D seismic data, producing sharper, higher-resolution images of our petroleum systems and reducing the uncertainties that erstwhile hindered exploration decisions.
Other information acquisition includes 11,300 Sq.km of recently acquired 3D data, processed to PSDM and 80,000 Sq.km of multi-beam echo sounding & seafloor geochemical coring data.
Transparent licensing: Transformation of licensing rounds into a afloat digital, transparent process, praised by NEITI and endorsed by nationalist leadership, marking a milestone successful credibility and governance.
Asset optimisation: Implementation of the “Drill oregon Drop” argumentation to relinquish dormant acreages, accelerating exploration and maximising plus value.
Exploration resurgence: A important summation successful rig enactment reflects renewed capitalist assurance and a clime conducive to liable vigor development.
Strategic divestments: Multibillion-dollar portfolio realignments to emphasise deep-offshore improvement and modernised plus portfolios.
Regulatory framework: Development and gazetting of forward-looking regulations to supply clarity, predictability, and a competitory concern climate.
Gas flaring reduction: Completion of the...
English (US) ·