By David Owei

The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe on Thursday joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Saidu Mohammed, to visit the Waltersmith modular refinery at Ohaji- Egbema, Imo State.
The visit was to inspect the newly completed expansion of the firm’s refining capacity, from 5,000 barrels per day (bpd) to 10,000 bpd.
NCDMB invested equity in the Waltersmith Refining and Petrochemical Company Limited’s modular refinery in 2018 and helped catalyze the investment, leading to the commissioning of the first phase of the plant in November 2020.
NCDMB also participated in the expansion, which is now completed and operational, producing AGO (diesel), Household kerosine (HHK), HFO (Heavy Fuel Oil) and Naphtha.
The refinery has to date supplied over 1.1 billion litres of refined products to local and regional markets, helping to strengthen Nigeria’s and West Africa’s energy security and contributing immensely to the national economy. The refinery supplies most of its products to the South-East and South-South parts of the country, while the HFO gets to West African sub-region.
The Director Legal Services NCDMB, Dr Naboth Onyesoh represented the Executive Secretary and conveyed the Board’s delight at the success of Waltersmith modular refinery. He described the firm as a model in local content implementation, especially in direct and in-direct job creation, capital retention, industrialization, import substitution and value addition to crude oil and gas resources.
Mr. Abdulrazak Isa, Chairman of Waltersmith Petroman, said the visit was organised to showcase the completed facility to NMDPRA’s new leadership and its partner, NCDMB and unveil its next developmental phase. He said the company had grown from owning one oil field at inception three decades ago, to expanding to several fields, including owning stakes in Renaissance Africa Energy Ltd, which acquired the entire assets of Shell Petroleum Development Company of Nigeria (SPDC) in March 2025.
He further announced the firm’s plan to commence two further phases of expansion, which will include the construction of 30,000 barrels per day condensate refinery and an industry park, which will accommodate other gas based firms. He said the firm will develop a gas line that will deliver 100 million standard cubic feet of gas per day, and provide an embedded captive power, to attract industries to co-locate in the industrial park.
Plans are afoot to conclude the partnership agreement for the condensate refinery by the 4th quarter of 2026 he said, adding that feedstock for the integrated expansions will come from the Ibigwe and Assa fields, as well as from nearby fields.
The Chairman underlined the company’s determination to invest in the petrochemical sector, leveraging on its access to gas and Naphtha, noting that the petrochemical industry is a key enabler of the economy.
He sought approvals from the NMDRA for the various stages of the upcoming developments.
The Authority Chief Executive expressed his delight at the success of the facility and promised the agency’s support to the company’s expansion plans.
He said the midstream sector of the petroleum industry holds the key to the nation’s economic development, adding that the establishment of such projects is the dream of every administration.
He described Waltersmith as an octopus in the midstream sector and challenged the company to hasten the development of the condensate refinery.
Mohammed also commended NCDMB for partnering with Waltersmith to develop the project, which had become a run-away success.

By Our Correspondent

Pipeline Infrastructure Nigeria Limited (PINL), the surveillance firm in charge of the Trans-Niger Pipeline (TNP), has disclosed that Nigeria has lost an estimated $226.734 billion in revenue from the suspension of crude oil production across 96 wells in Ogoniland over the past 32 years.

PINL made the disclosure at its April monthly stakeholders’ meeting in Port Harcourt, Rivers State on Wednesday, describing the resumption of oil operations in the region as a strategic national priority, but stressed that the process must be anchored on community participation, environmental sustainability, and transparency.

Ogoniland, covered under Oil Mining Lease (OML) 11, holds the potential to produce over 500,000 barrels of crude oil per day. Operations were halted in 1993 in the area following widespread unrest and environmental concerns linked to decades of exploration activities.

Dr. Akpos Mezeh, General Manager, Community and Stakeholder Relations at PINL, said the scale of accumulated losses demands urgent attention.

“Available data shows that over $226.734 billion has been lost due to the suspension of crude oil production from 96 oil wells in Ogoniland over the past 32 years. This clearly underscores both the economic cost of inaction and the immense opportunity that lies ahead,” he said.

PINL outlined four conditions it considers essential to a successful resumption: host communities must be involved as critical stakeholders across all phases of the process; environmental clean-up and restoration efforts already underway must be sustained; a community-based security framework drawing on PINL’s pipeline surveillance model across the Niger Delta should be adopted; and economic inclusion must be prioritised, with residents benefiting directly through employment, contracts, and capacity development.

Mezeh said the company’s stance reflects wider sentiment across the region. “The position of PINL aligns with growing calls from stakeholders in the Niger Delta for the Federal Government to restart oil production in Ogoniland in a manner that balances economic benefits with environmental justice and community interests,” he said.

PINL affirmed it’s readiness to contribute directly to the effort. “At PINL, we stand ready to support this process by applying our experience in stakeholder engagement and infrastructure protection to ensure a peaceful, secure, and sustainable resumption,” Mezeh added.

According to him, observers note that any successful resumption will depend on rebuilding trust among stakeholders, resolving environmental grievances, and ensuring host communities have a central role in decision-making.

PINL maintained that, with the right approach, restarting production in Ogoniland could significantly boost Nigeria’s output, increase national revenue, and contribute to broader economic growth.

By Our Correspondent

National Assembly joint Committees on Petroleum Resources has dismissed three petitions against the pipeline surveillance contract, while passing a vote of confidence on Tantita Security Service, the security agents and the NNPCL for helping to restore the nation’s oil production.

Oil production, according to available records to the panel stood at about 1.8 million barrels per day as at April, an increase from the about nine hundred thousand liters per day in 2022 when the surveillance contract was awarded.

The resolution followed a motion moved by the Chairman of the House Committee on Petroleum Resources, Midstream, Henry Okojie at a one day parliamentary roundtable on the state of pipeline security and the battle against crude oil theft on Wednesday.

Okojie said that Tantita and the security agencies have recorded lots of achievements in securing the nation’s petroleum assets, thereby increasing oil revenue for the country.

Speaking at the roundtable, Speaker of the House of the apex legislature,Rt Hon Abbas Tajudeen said despite the ongoing tensions in the Middle East and the protracted conflict involving Russia and Ukraine, the need for valiant efforts at finding alternative energy sources has become necessary, adding that crude oil still remains the largest source of primary energy in the world, especially the transport sector where it still powers 95 percent of all vehicles, planes and ships.

The Speaker said the current crises, particularly with the closure of the Strait of Hormuz, has resulted in price surges and supply shortages, with consequential impact on the nation’s economic survival, saying “as a nation, we must rise to the challenge, and this roundtable is a clear indication that the National Assembly is ready to lead the way.

He said further that in order to understand why the surveillance contract became necessary, “we must remember that Nigeria’s journey as an oil-producing nation has been a very challenging one.

“The discovery of petroleum has both earned us massive foreign exchange and resulted in environmental degradation and despair. As a result, the Niger Delta has witnessed profound agitations over the years which often resulted in pipeline vandalism, crude oil theft, and illegal refining activities.

“Desperate communities and weak enforcement structures created a climate of instability in the oil sector with staggering consequences.

“At some point, Nigeria was losing billions of dollars annually as between 10 to 30 percent of crude oil production was lost to theft, undermining national revenue and questioning our capacity to remain a reliable oil producer.

“It was within this context that the Federal Government introduced the pipeline surveillance contract, including the engagement of private security actors and community-based structures.

“These interventions were designed to provide security to our oil facilities, with the understanding that without the help of the communities where these pipelines and other infrastructure were located, the job of securing them would be impossible.

“In the end, the synergy of private surveillance providers, our security agencies, and community engagement, led to remarkable improvements in our daily production quotas.”

The number four citizen of Nigeria said further that there has been clear undeniable and compelling success stories, saying “recent reports indicate that most of the illegal tapping points have been dismantled, production levels have improved significantly and oil receipts are approaching near-total delivery to export terminals, compared to the alarming losses of previous years when production sometimes plummeted to about 700 barrels per day.

“Today, largely due to these surveillance/security efforts, we have been able to ramp up production to about 1.8 million barrel per day. Importantly, the surveillance contract has been able to create direct employment for thousands of Niger Delta youths who were formerly agitators, providing a legitimate
alternative to crime, and placing security back in the hands of the people who host the facilities.

“There is no doubt that we can do better. There are still a number of challenges, particularly as they concern accountability, transparency, and the effectiveness of certain surveillance frameworks.

“Recent public discourse suggests that crude oil theft still occurs at concerning levels, sometimes even under existing security arrangements. This underscores the need for continuous oversight and reform”.

He said the National Assembly has remained at the forefront of confronting the challenges in the oil sector and has through legislation, oversight, and appropriation taken deliberate steps to strengthen Nigeria’s response to threats to our oil industry.

He said “we have enacted and reviewed laws such as the Petroleum Production and Distribution (Anti-Sabotage) Act and other relevant statutes aimed at deterring-pipeline vandalism while emplacing stringent penalties.

“We have also worked to strengthen institutions like the National Oil Spill Detection and Response Agency (NOSDRA), recognizing the need for improved monitoring and environmental accountability.

“Both are the fruits of comprehensive and deliberate policy actions that were enabled by the passing of the landmark Petroleum Industry Act (PIA). Some of the provisions of this act, like the Host Community Development Trust, made Corporate Social Responsibility a legal mandate and gave host communities a direct financial stake in the profitability of the oil sector.

“Moreover, by legislating that communities forfeit their entitlement for the year if vandalism occurs in their domain, the law operationalized the concept of “shared responsibility.” Communities now police their own areas, knowing that an attack on a pipeline becomes an attack on their trust fund.

“The 10th National Assembly has continued to take bold legislative steps to institutionalize the gains of the PIA. From maintaining a rigorous oversight of the Act to ensure steady implementation, to our recent investigative hearings on oil theft, we are closing the legal loopholes that once allowed criminals to thrive.

‘Furthermore, this Assembly has exercised its constitutional mandate by probing aspects of the surveillance contract, approving critical funding for pipeline security, and insisting that crude oil theft be treated not just as an economic crime, but as a national security threat requiring coordinated action across agencies.

“In summary, we have consistently emphasized that curbing crude oil theft must be a collective responsibility, involving government, host communities, security agencies, and private operators alike.”

The Speaker said the event was an opportunity to advance the fortunes of the oil industry by consolidating on the gains made so far from the surveillance contract, while addressing existing gaps, while also
reassessing the current pipeline surveillance architecture, strengthen transparency and accountability mechanisms, deepen community engagement as critical stakeholders in protecting national assets, and align legislative frameworks with emerging realities in the oil and gas sector, particularly under the circumstances the world has now found itself.

He said “let us remember that the story of Nigeria’s oil industry is not only one of challenges, but also of resilience and possibility. Let us build a system where pipelines are no longer targets, but symbols of shared prosperity; where host communities are not marginalized, but empowered partners; and where Nigeria’s oil wealth translates into sustainable national development.

“The Middle East is in turmoil, Russia is distracted, and global energy maps are being redrawn. The world is looking for energy security, and Nigeria must put itself out there as a credible alternative. We cannot afford the luxury of internal sabotage. Our message to the world is clear: Nigeria is securing its assets, stabilizing its output, and is open for business.”