The Nigerian Nationwide Petroleum Firm (NNPC) Ltd, on Thursday mentioned that it has delivered on the mechanical completion of rehabilitation work on Space 5 Plant of the Port Harcourt Refining Firm (PHRC).
Talking throughout an inspection tour of the mission on Thursday, Mele Kyari, the group chief govt officer of NNPC Ltd., mentioned as of December fifteenth, 2023, 84.4 per cent of Space 5 Plant, a key element of the Refinery, and 77.4 per cent of your entire rehabilitation mission had been accomplished.
The $1.5 billion rehabilitation mission was launched by the Buhari administration in 2019, to revive the ageing refinery to its nameplate capability of 210,000 barrels per day (bpd).
Kyari in an announcement issued by Olufemi O. Soneye, chief company communications officer, NNPC Ltd. mentioned, “In our quest to make sure that this refinery is re-streamed to proceed to ship worth to Nigerians, we made a promise that we are going to attain a mechanical completion of section one of many rehabilitation mission by the top of December and get the opposite crops operating in 2024. Right now, now we have stored these commitments.”
In his remarks, the Chairman of the NNPC Ltd Board, Chief Pius Akinyelure, mentioned, “We’re simply beginning. We wish to be on the highest manufacturing stage so that we are going to hold the costs of petroleum within the nation secure to consolation our individuals and generate extra income for our nation.”
Additionally talking on the occasion, Heineken Lokpobiri, Minister of State for Petroleum Sources (Oil), mentioned the staged completion of the mission will herald the graduation of the manufacturing of petroleum merchandise after the Christmas break.
“Simply to announce to Nigerians the fulfilment of our pledge to convey on stream section one of many Port Harcourt refinery by the top of 2023 and the following streaming of section two in 2024. We fortunately introduced the mechanical completion and the flare start-off on the twentieth of December, 2023.
“This heralds the graduation of manufacturing of petroleum merchandise after the Christmas break. We wish to thank Nigerians for his or her endurance and belief within the NNPC to ship on her promise and mandate of rehabilitating our refineries. That is additionally one other landmark of the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration. Congratulations to NNPC and congratulations to Nigerians,” he mentioned.
In his remarks, Fabio Del Cioppo, the Managing Director of Tecnimont Nig. Ltd., one of many EPC Contractors of the Rehabilitation Mission, mentioned his firm stays dedicated to fulfilling the phrases of the contract.
“The PHRC rehabilitation mission, which prices about $1.5bn, is an EPCIC mission that covers engineering, procurement, development, set up, and commissioning phases. For Space 5, the Engineering, Procurement, Development, and Set up have all been accomplished. The mechanical completion signifies the closure of the Development and Set up phases.
“Extra importantly, the milestone was achieved below a wonderful Well being, Security and Setting (HSE) report, which stood at over 9.5 million man-hours with zero Loss Time Harm (LTI),” it said.
