Thursday, 9 May 2013

U-Report: Drop In Crude Oil Production Worries NUPENG


Report By NUPENG



The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is worried and disturbed about the drop in crude oil production in the country since the first quarter of the year 2013. 

The union states that it is alarming that the daily crude oil production fluctuates between 1.86 and 2.1 million barrels per day as against the estimated 2.48 million mbpd in the first quarter of the year. 

The union adds that this drop which is as a result of incessant crude oil theft and vandalisation of pipelines should not be left to get out of hand or else the revenue accruing to the federal government will also drop drastically. It advises government to change tactics and strategies in the fight against crude oil theft and vandalisation of pipelines. 

The union wants the federal government to introduce new technology like monitoring sensors and alarm systems that will trigger off whenever any pipeline is being tampered with. 

The union believes this will go a long way to check crude oil theft from the pipelines and through effective surveillance with the help of the host communities where these pipelines traverse.

The union notes with dismay that the drop in the last quarter rose to about 1.23 billion (about 191 billion naira) that should have accrued to the federation account. 

NUPENG said that the drop in revenue will affect the transformational agenda of Mr. President, which involves provision of power supply, which is yet to be realised, good road networks, which are still in deplorable conditions. 

The union adds that crude oil production drop will also affect our external reserve and further compound the issue of abandonment of projects. The union calls on the oil majors and the federal government to create job opportunities for the restless youths in the Niger Delta, so that they will stop bursting pipelines. 

The issue of mass un-employment should be tackled with vigor, as it has become a time-bomb, waiting to explode. 

The union calls on NNPC and the oil majors to bury very deep into the soil oil pipelines, to make them inaccessible to oil thieves and vandals. 

The union adds that oil is the mainstay of the nation’s economy and it must not be allowed to be frittered away by unpatriotic Nigerians and dwindle the nation’s source of income that should be made to give succour to the generality of our people. 

The federal government, it states, must also fight corruption in the entire system, in order to make people respect government property and resources. 

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