I went to nnpc corporate hqtrs today only to meet empty offices.when I inquird abt it,I was told dat d whole staff were given a chase yestrdy to vacate their offices and go home till further notice.can somebody pls tel us y d strike.meanwhile, seun shud create a petroleum section to discus every issue as regards to DAT.

The Nigerian Petroleum Development Company  (NPDC) branch of Petroleum and Natural Gas senior staff association of Nigeria (PENGASSAN) AND Nigerian Union of Petroleum and Natural Gas worker (NUPENG) are currently on strike.

This dispute was caused by the transfer of operatorship of one of the assets, namely Oil Mining Lease (OML) 42 from NPDC to Neconde Energy Ltd. 
NPDC has 55% equity in this asset while our partner, Neconde Energy ltd has 45% equity.

When NPDC  took over operatorship in 2012, oil production in the asset was 14,000 net  barrels of oil per day (bopd). Presently NPDC has increased production to 31,000 net bopd.

NPDC has become the largest indigenous oil producing company with a total production capacity of 130,000 bopd.(Net Volumes)

Despite these achievements, the Hon Minister of Petroleum Resources, has recently (in February 2015) appointed Neconde the operator of this asset against the provisions of the Joint Operatorship Agreement (JOA).
The unions are protesting the appointment of Neconde as the operator and demands that NPDC continues as the operator of OML 42 as status quo ante because:

1. Neconde is not an oil producing company and lacks the technical capacity to operate the asset. It is a consortium which was incorporated in 2011 for the purpose of buying the 45% equity in OML 42. NPDC on the other hand, NPDC was incorporated in 1988 as an oil producing company and has been in the business of oil production since then. 
NPDC is now the largest indigenous oil producing company with a total production of 130,000 net bopd. 

2. Neconde has no previous operatorship experience. NPDC on the other hand currently is the operator of OML's 111, 65, 26, 30, 34, 40, 42 and 119 (offshore) with mumerous milestones including achieving 360 million standard cubic feet of gas in OML 34.( A feat never achieved in the whole time SPDC operated)

3. Neconde has not paid its equity cash calls up to date. It is indebted to the tune of N9.92 billion and $68.64 million. NPDC on the other hand has paid its cash calls up to date. 
NPDC cannot trust these individuals who are bent on taking over our commonwealth to handle the finances of the asset as operators.

The unions registered their grievances with the Management by issuing a 7-day ultimatum for the reversal of this change of operatorship from 30th April 2015 to 11th May, 2015. 

At the expiration of the ultimatum, the NNPC Group Executive Councils (GEC- the highest decision-making body of the unions in NNPC) directed the NPDC branch to begin a warning strike which ended by midnight of 15th May 2015.

The GEC further directed the NPDC branch to proceed on a shut-down of their production facilities with effect from 00.00 hrs of 16th May 2015.

That directive has been carried out and the production facilities are currently shut down.

The combined NUPENGASSAN of NNPC has joined the total shutdown of all NNPC facilities by 00:00 hours of Wednesday 20th May 2015.

@Lalasticala, Seun, Ishilove.... Oyah over to you. Move to the fp for unadultrated public awareness!

mikkyjagga1:
The Nigerian Petroleum Development Company  (NPDC) branch of Petroleum and Natural Gas senior staff association of Nigeria (PENGASSAN) AND Nigerian Union of Petroleum and Natural Gas worker (NUPENG) are currently on strike.

This dispute was caused by the transfer of operatorship of one of the assets, namely Oil Mining Lease (OML) 42 from NPDC to Neconde Energy Ltd. 
NPDC has 55% equity in this asset while our partner, Neconde Energy ltd has 45% equity.

When NPDC  took over operatorship in 2012, oil production in the asset was 14,000 net  barrels of oil per day (bopd). Presently NPDC has increased production to 31,000 net bopd.

NPDC has become the largest indigenous oil producing company with a total production capacity of 130,000 bopd.(Net Volumes)

Despite these achievements, the Hon Minister of Petroleum Resources, has recently (in February 2015) appointed Neconde the operator of this asset against the provisions of the Joint Operatorship Agreement (JOA).
The unions are protesting the appointment of Neconde as the operator and demands that NPDC continues as the operator of OML 42 as status quo ante because:

1. Neconde is not an oil producing company and lacks the technical capacity to operate the asset. It is a consortium which was incorporated in 2011 for the purpose of buying the 45% equity in OML 42. NPDC on the other hand, NPDC was incorporated in 1988 as an oil producing company and has been in the business of oil production since then. 
NPDC is now the largest indigenous oil producing company with a total production of 130,000 net bopd. 

2. Neconde has no previous operatorship experience. NPDC on the other hand currently is the operator of OML's 111, 65, 26, 30, 34, 40, 42 and 119 (offshore) with mumerous milestones including achieving 360 million standard cubic feet of gas in OML 34.( A feat never achieved in the whole time SPDC operated)

3. Neconde has not paid its equity cash calls up to date. It is indebted to the tune of N9.92 billion and $68.64 million. NPDC on the other hand has paid its cash calls up to date. 
NPDC cannot trust these individuals who are bent on taking over our commonwealth to handle the finances of the asset as operators.

The unions registered their grievances with the Management by issuing a 7-day ultimatum for the reversal of this change of operatorship from 30th April 2015 to 11th May, 2015. 

At the expiration of the ultimatum, the NNPC Group Executive Councils (GEC- the highest decision-making body of the unions in NNPC) directed the NPDC branch to begin a warning strike which ended by midnight of 15th May 2015.

The GEC further directed the NPDC branch to proceed on a shut-down of their production facilities with effect from 00.00 hrs of 16th May 2015.

That directive has been carried out and the production facilities are currently shut down.

The combined NUPENGASSAN of NNPC has joined the total shutdown of all NNPC facilities by 00:00 hours of Wednesday 20th May 2015.

my bro tnx fr ds detailed explanation but my question is,when is it going to end cos I'm tracking my file fr paymen at ppmc bfr handover. it is not gud fr my health nw seriously.

by d way who owns D's Neconde?wat is d minister doing abt ds or is it owned by her.

According to the little I know about the issue. A lawyer from the SE was appointed as the MD of NPDC, this was reluctantly accepted because the Lawyer was not competent on Oil and Gas affairs. Then, this Lawyer "dashed" (gave free of charge) the asset to a business man from the same SE. People sensed tribalism and paraposim hence, the wahala.

Oil cabals holding sway to Nigerian oil at the expense of impoverished Nigerians since 1960.
But come oh, the minister of petroleum is the worst ever since oil was discovered in Nigeria. Could it be becauce of her woman-nature, by occupying such a sensitive position?

-Apologies to the women folk.

ola6:
According to the little I know about the issue. A lawyer from the SE was appointed as the MD of NPDC, this was reluctantly accepted because the Lawyer was not competent on Oil and Gas affairs. Then, this Lawyer "dashed" (gave free of charge) the asset to a business man from the same SE. People sensed tribalism and paraposim hence, the wahala.

This is serious. Nigerians must unite to fight these oil theives in our midst.

Is anybody surprised ..they can go on strike till July ..am ready ..

..That's why they call me Joshua with T.B

Pls God help Ds country.Help Gmb and his cabinet to give us a better Nigeria.meanwhile ppmc is owing me and my blood pressure is climbing an iroko tree.Momoh shudnt hand over til he pays me.dis strike has to stop.

Another story for the gods. Shameless people fighting for their pockets. Let us hear the other side of the story