We don’t rely on IOCs, JVP for oil monitoring –DRP

Tayo Oladipupo |

Department of Petroleum Resources (DPR) has disclosed that the department does not rely on International Oil Companies (IOCs) or Joint Venture (JV) partners for records of quantity of oil exported out or imported into Nigeria.

Mordecai Baba Ladan, Director of DPR said this at a workshop in Lagos recently.

Ladan who was represented by Kingston Chikwendu, Head, Legal Services of the Department explained that oil exports from the country are monitored from points of loading to ascertain the volume.

Ladan, while presenting a paper on “How DPR Regulations and Compliance Level is Preventing Losses in the Nation’s Oil and Gas Industry” said where metering system is faulty and accuracy could not be achieved, DPR followed up to points of discharge.

He added that the DPR was fully committed to the improvement of oil and gas regulatory environment.

According to him, DPR’s “Strategy of enhanced regulation through the deployment of technology and modern working tools has led to increased efficiency and reduction of Losses for the nation in the oil and gas industry”

He listed enhanced compliance through improved enforcement and stakeholders engagements as additional strategies to eliminate revenue leakages.

He added that enforcement of government policies to drive down routine gas flaring and wastage of economic resources identified through such activities have been stepped up.

The DPR Director also listed technology driven policy initiatives to promote automation for transparent industry administration.

Initiatives like National Petroleum Monitoring System (NPMS), Oil and Gas Industry Service Permit (OGISP), Automated Downstream System (ADS) and Import and Export Permit System (IMPEX), according to Ladan, were additional monitoring features by the department

DPR according to Ladan is targeting elimination of gas flaring in line with Federal Government policy and raising Nigeria’s oil reserve to 40 billion barrels by 2020