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Thursday 27 June 2013

NEC meeting: Drama as Amaechi, Jang sit side-by-side

Rivers State Governor, Rotimi Amaechi and his Plateau State counterpart, Jonah Jang, sat together during Thursday’s National Economic Council (NEC) meeting in Abuja, as governors were made to sit alphabetically according to their states.

The sitting arrangement was changed as previous NEC meetings before the election always positioned Amaechi close to the Chairman of the NEC meeting, Vice- President Namadi Sambo, where the Rivers governor always highlight the Nigeria Governors’ Forum position on issues.
Since Amaechi was re-elected as NGF chairman in May after beating Ja
ng by 19  to 16 votes, the Plateau governor has led a faction of the forum.
Apart from opening a parallel office of NGF in Abuja, Jang has declared himself chairman of the forum just as he maintained that he was the consensus candidate of 19 governors before the election.
Since that controversial election, Thursday’s NEC meeting was the first time the feuding duo would sit on a round table.
Amaechi arrived at the meeting before Jang and on getting to his seat said: “So we are sitting together, authentic and the fake chairman.”
The two governors then greeted and shook hands with each other when Jang arrived few minutes later.
When Edo State governor, Adams Oshiomhole, arrived, he jokingly said in front of television cameras and pointed to Amaechi: “This is my chairman,” and said to Jang: “This is PDP faction chairman.”
On his arrival and noticing the sitting arrangement for Rivers and Plateau governors, the Niger State Governor, Babangida Aliyu said: “This is nice o. Somebody is trying to be diplomatic here.”
The meeting commenced as soon as the Vice President arrived the meeting.
n separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.
Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.
The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.
If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently. It will also boost the economy of Lagos, which currently generates about N29 billion internally every month.
The other oil producing states are Akwa Ibom, Bayelsa, Rivers, Delta, Ondo, Abia, Imo, Edo and Cross River.
Geological studies indicate that the Dahomey Basin is a combination of inland/coastal/offshore basin that cuts across some West African countries including Lagos, Nigeria as well as Southeastern Ghana, Togo and the Republic of Benin.
The basin is said to be separated from the Niger Delta by a surface basement popularly called the Okitipupa Ridge.
“The Ogo-1 well has been drilled to a total measured depth of 10,518 ft (10,402 ft true vertical depth sub sea), and has encountered a gross hydrocarbon section of 524 ft, with 216 ft of net stacked pay.
“The well was targeting 78 mmboe of gross P50 prospective resources, but based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates,” Afren said in a statement made available to Vanguard.
The company added that “further evaluation using wire line log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth sub sea) to target further high potential zones.”
DPR yet to authenticate discovery
However, speaking with Vanguard on phone, the DPR said authentication of the discovery could only come after side-tracking (ST) verifications.
- See more at: http://www.vanguardngr.com/2013/06/oil-discovered-in-lagos/#sthash.oB2GBdWq.dpuf
n separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.
Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.
The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.
If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently. It will also boost the economy of Lagos, which currently generates about N29 billion internally every month.
The other oil producing states are Akwa Ibom, Bayelsa, Rivers, Delta, Ondo, Abia, Imo, Edo and Cross River.
Geological studies indicate that the Dahomey Basin is a combination of inland/coastal/offshore basin that cuts across some West African countries including Lagos, Nigeria as well as Southeastern Ghana, Togo and the Republic of Benin.
The basin is said to be separated from the Niger Delta by a surface basement popularly called the Okitipupa Ridge.
“The Ogo-1 well has been drilled to a total measured depth of 10,518 ft (10,402 ft true vertical depth sub sea), and has encountered a gross hydrocarbon section of 524 ft, with 216 ft of net stacked pay.
“The well was targeting 78 mmboe of gross P50 prospective resources, but based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates,” Afren said in a statement made available to Vanguard.
The company added that “further evaluation using wire line log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth sub sea) to target further high potential zones.”
DPR yet to authenticate discovery
However, speaking with Vanguard on phone, the DPR said authentication of the discovery could only come after side-tracking (ST) verifications.
- See more at: http://www.vanguardngr.com/2013/06/oil-discovered-in-lagos/#sthash.oB2GBdWq.dpuf
In separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.
Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.
The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.
If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently. It will also boost the economy of Lagos, which currently generates about N29 billion internally every month.
The other oil producing states are Akwa Ibom, Bayelsa, Rivers, Delta, Ondo, Abia, Imo, Edo and Cross River.
Geological studies indicate that the Dahomey Basin is a combination of inland/coastal/offshore basin that cuts across some West African countries including Lagos, Nigeria as well as Southeastern Ghana, Togo and the Republic of Benin.
The basin is said to be separated from the Niger Delta by a surface basement popularly called the Okitipupa Ridge.
“The Ogo-1 well has been drilled to a total measured depth of 10,518 ft (10,402 ft true vertical depth sub sea), and has encountered a gross hydrocarbon section of 524 ft, with 216 ft of net stacked pay.
“The well was targeting 78 mmboe of gross P50 prospective resources, but based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates,” Afren said in a statement made available to Vanguard.
The company added that “further evaluation using wire line log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth sub sea) to target further high potential zones.”
DPR yet to authenticate discovery
However, speaking with Vanguard on phone, the DPR said authentication of the discovery could only come after side-tracking (ST) verifications.
- See more at: http://www.vanguardngr.com/2013/06/oil-discovered-in-lagos/#sthash.oB2GBdWq.dpuf
In separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.
Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.
The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.
If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently. It will also boost the economy of Lagos, which currently generates about N29 billion internally every month.
The other oil producing states are Akwa Ibom, Bayelsa, Rivers, Delta, Ondo, Abia, Imo, Edo and Cross River.
Geological studies indicate that the Dahomey Basin is a combination of inland/coastal/offshore basin that cuts across some West African countries including Lagos, Nigeria as well as Southeastern Ghana, Togo and the Republic of Benin.
The basin is said to be separated from the Niger Delta by a surface basement popularly called the Okitipupa Ridge.
“The Ogo-1 well has been drilled to a total measured depth of 10,518 ft (10,402 ft true vertical depth sub sea), and has encountered a gross hydrocarbon section of 524 ft, with 216 ft of net stacked pay.
“The well was targeting 78 mmboe of gross P50 prospective resources, but based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates,” Afren said in a statement made available to Vanguard.
The company added that “further evaluation using wire line log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth sub sea) to target further high potential zones.”
DPR yet to authenticate discovery
However, speaking with Vanguard on phone, the DPR said authentication of the discovery could only come after side-tracking (ST) verifications.
- See more at: http://www.vanguardngr.com/2013/06/oil-discovered-in-lagos/#sthash.oB2GBdWq.dpuf

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