By Yemie Adeoye
THE National PetroleumÂ Investment Management Services (NAPIMS) has organised a highly interactive forum in order to provide an avenue for the multinationals to fashion ways of addressing issues that impede on the optimal operations of the upstream sector of the oil and gas industry.
The Group general manager of NAPIMS Dr M.K. Baru who flagged off the meeting emphasized the value of oil and gas industry which contributes about 80 percent of the nations revenue and play a significant role in the global energy balance sheet.
He said it has become mandatory to run the industry in an effective and efficient manner so as notto disappoint the expectations of the world an Nigeria in particular. He also explainedÂ that there had been a decline in oil and gas production and reserves, which posted a major concern to the federal government.
He noted that funding had remained a major challenge for the Joint Venture (JV) operations even as he appreciated governmentâ€™s effort in resolving the problem through the Modified Carried Agreement (MCA) and bridge loan in the interim.
Inspite of all these challenges, he said the industry has made progress and there is urgent need to improve on it.
Issues brought to the front burner during the meeting include communication, governance, data submission, and compliance, contraction and due process, organizational capability, security and reserves replacement.
In addition, NAPIMS informed the International Oil Companies (IOC) to ensure that Nigeria take the driverâ€™s sit in the oil and gas sector.
The IOCâ€™s on their part pledged to train and expose Nigerians to be top decision makers even as they appreciated NAPIMS for such a worthy invitation of convening the meeting.
In a related development the National Engineering and Technical Company (NETCO) recently hosted a meeting of all heads of safety, fire and environmental protection departments and units in all NNPCÂ subsidiaries and the corporate head quarters.
The meting which came under the auspices of the NNPC corporate technical committee (CTC) on health safety and environment (HSE) was well attended by members. The committee has the responsibility of formulating and reviewing corporate safety and environmental protection standards and guidelines for uniform application in the corporation.
The Chairman of the committee, Mr.E.kalu restated the purpose of the meeting even as he assured that the committee will strive to improve on the HSE culture in the entire corporation.
Issues discussed at the meeting include the work plan for 2009 and strategies for the quarterly HSE awareness campaigns.
Also, a review of recent incidents in affected SBUs ans CSUs were presented were lessons learnt were recorded .
Engr Kalu later encouraged al participants to adhere strictly to the work plan. He also thanked NETCO management for hosting the meeting. The committee further reviewed the status of HSE management system (HSEMS) for NNPC. Mr. Kalu informed the meeting that NETCO would soon develop a befitting HSE-MS for the corporation.