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NNPC/MPN JV: 55 Years of Delivering Value to Akwa Ibom State

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The NNPC/MPN Joint Venture in Akwa Ibom State

The Nigeria National Petroleum Corporation/Mobil Producing Nigeria Joint Venture (NNPC/MPN JV) has operated in Akwa Ibom State for 55 years, having been granted its first Oil Prospecting License (OPL) in 1961.

 

Since then, the JV has consistently delivered significant economic value to Akwa Ibom State and Nigeria.

 

Current State of the Business

 

The current decline in oil prices has forced a global cut back in investments. There has been about 75% reduction in JV profitability compared to 2015, and JV partner cash call obligations have reached a cumulative arrears in excess of $1.3bn, and growing, undermining business sustainability. Additionally, vandalism and community unrest have resulted in significant production losses. The resultant effects on our business include: scaled down operations, limited new hire opportunities, reduced personnel, project deferments and contract renegotiations.

 

Surviving the Odds

 

These are trying times, indeed. A mind-set of stakeholder collaboration has become the irreducible minimum to assure business sustainability for continued value creation for all. An atmosphere/environment of ramped-up hostility expressed in threats, abduction of contractors, blockades and protests is counterproductive. It poses an existential risk to our operations with grave implications for the revenue base of the state and our capacity to provide employment and support on-going social investments in our neighbouring communities.

 

Mobil Producing Nigeria Unlimited has consistently discharged its corporate and Joint Venture duties and obligations to country, state and communities. We, therefore, expect to be treated as partners, as with anyone with rights and privileges.

 

We are part of the Community

 

MPN is made up of people: Over 1,700 citizens living and working in Akwa Ibom State, mostly indigenes. These individuals and their families are actively contributing to the economy of the state. We expect all people including our staff, as law abiding members of the community to be free to go to work without enduring threats and illegal tolls on the road.

 

We seek and appreciate the support and collaboration of all stakeholders, as we work to assure near term business sustainability. Our long term business outlook and community investments can remain positive only if all stakeholders genuinely collaborate towards maintaining an atmosphere that is conducive for business for everyone in Akwa Ibom State.

 

We invite all to continue to work with us to ensure continued value delivery and prosperity in Akwa Ibom State.

Metro News

BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church

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BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church

Nyesom Wike

An explosion has reportedly rocked a church belonging to the father of Rivers Governor, Nyesom Wike, in Port Harcourt, the state capital.

The Rivers State Police Command has however announced the arrest of three suspects who allegedly detonated explosives at a Pentecostal church, Christain Universal Church International, located at Mile 3, Diobu area of Port Harcourt.

Also Read: Buhari Will Set Nigeria On Fire If He Doesn’t Implement People’s Demands —Wike

The act was reportedly carried out on Saturday night and detonated the explosives suspected to be dynamite.

According to reports, a significant part of the church was damaged by the explosion, which created panic in the area.

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Metro News

Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

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 Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

Ondo on map

Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.

According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.

This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.

 

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Tech News

TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

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The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.

The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.

Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.

The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%
cashback.

TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
gaming experience.

The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
absolutely enjoy.

The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.

The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.

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