With Nigeria’s oil export curtailed by massive pipeline vandalism and oil theft, the Chairman/GCEO, Oilserve Group, Engr. Emeka Okwuosa has blamed obsolete pipeline systems that lack the latest monitoring technology for the constant attacks on the crude oil pipelines across the Niger Delta region.
“From the wellheads you have the flow lines and those flow lines deliver to collection points. All those are susceptible to attacks. The major problem is that some of these flow lines were built decades ago and they were built not with the technologies we have now. Most of them do not have a fibre optic detection system and so you have to depend on physical protection”, he added.
In his keynote address, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji said the country recorded a total of 7,143 pipelines in five years between 2017 and 2021. “NEITI has put in the public domain empirical data of oil theft and losses at 619.7 million barrels of crude, valued at $46.16 billion or N16.25 trillion between 2009 and 2020. In addition, Nigeria lost 4.2 billion litres of petroleum products from refineries, valued at $1.84 billion at the rate of 1440,000 barrels per day, from 2009 to 2018.
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