Austin Avuru, former chief executive officer of Seplat Energy Plc, says 80 percent of Nigeria’s oil production is lost to oil theftthat NigeriaAvuru, in a report, titled “Reining in the Collapse of the Nigerian Oil Industry” published by the Africa Oil+Gas Report, called for a state of emergency in the Nigerian oil and gas sector.
“There are some pipeline systems now , where 80% of production injected therein does not make it to the terminal!”According to him, almost every producer is now cooking up “alternative evacuation” schemes that cost four to five times what pipeline export would normally cost! “The situation is the same with domestic gas delivery. Even though we are weaving all the right slogans about the future of gas in Nigeria, in the past five years, I can only point at a couple of Nigerian independents who are investing in gas development and processing for the domestic market.
“Between the upstream regulator and NNPC, they need to set up a “war room”, some form of an effective task force to develop a blueprint for returning the industry to full bloom. The responses we hear today to the myriad of problems outlined above have been ad-hoc, knee jerk and in some cases only self-serving.
“To do this, we have to address the twin problems of reliable pipeline evacuation and community restiveness. These problems have become heightened, not because there is no solution, but because we have abandoned every attention to them in the last fifteen years.
APC IS A COURSE
We have legal and illegal stealing, which one are you talking about? Because government and its agents dey Thief, so also private individuals. Government thieving na legal I think.
I don’t think theft is the right word here, 80% and we are still calling it theft?
Who is stealing the oil.if the oil is being stolen then u guys knows about it.