ASABA – CHEVRON Nigeria Limited, CNL, has committed over N16 billion in its Global Memorandun of Understanding, GMoU for the past ten year in its operational areas in Nigeria which has led to improved relationship with host communities.
This was revealed Friday during the two day Media Capacity Building for Journalists organized by NNPC/Chevron joint venture yesterday in Asaba, Delta State.
Olatunji Idowu, Manager, Social Performance and Planning, CNL, made the revelation during his lecture on 10 years of GMoU – Chevron CE strategy in the Niger Delta.
He stated that the policy is aimed at the placing more emphasis on projects and programs that will enhance sustainable economic empowerment, employment generation and alightment with the sustainable development goals.
On her part, Mrs. Clementina Arubi, Deputy Manager, Community Development ‘B’ of the Public Affairs Department, PAD, NNPC-NAPIMS calls for joint efforts in curbing the hydra-headed monster of pipeline vandalism which has become a recurring decimal in the oil industry.
Arubi made the call in her lecture titled “Securing the operational environment and eliminating oil theft and pipeline sabotage.”
According to her there have been 2005 breakages of pipeline between January to September, this year alone.
The Deputy Manager lamented that between 2009 and 2011, 136million barrel worth of 10.9billion dollar was lost to crude oil theft and pipeline sabotage.
She listed some practical ways of eliminating oil theft and pipeline sabotage to include; continuous education, sensitization and creation of awareness of the communities on the dangers of vandalism, continuous monitoring of the pipelines and more improved skill acquisition programme.
The Manager, Offshore Assets- Chevron Nigeria Limited, James Okereke, called for increased funding of the joint venture to be able to remain competitive in the long haul, insisting that the lack of which will discourage investors in committing to further investment which is needed to drive the oil sector.
Okereke lamented that while production of crude oil is increasing globally, Nigeria production is declining steadily. He assured that despite the gloomy situation, Chevron Nigeria Limited is in the country to continue oil business backed with large oil and gas reserve base and technology to unlock the potentials.
He noted that there has been a drastic drop in the national revenue generation owing to geometric drop in the price of crude oil which was occasioned by increase in global crude oil supply amidst diminishing demand.
Okereke further said that to keep production stable, new developments and investment are needed to offset the natural decline.
The company also tasked journalists on serious investigative reporting, insisting that its the hallmark of their responsibility to the country.
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