Managing Director/Chief Executive Officer, Seplat Petroleum Development Company Plc, Mr. Austin Ojunekwu Avuru, in an interview with Vanguard has spoken on how the company plans to address the challenge of militancy on its oil production going forward.
Avuru said; “The biggest challenge to our operations is whatever impact the Niger-Delta crisis could have on our production and evacuation of our products. You saw within 16 months of minimal production when the Trans-Forcados was down and how it impacted on us. That is our highest risk.
We are hedging against that by having multiple avenues or routes for evacuation of our products. We are working with neighbours and other stakeholders to put the escravos pipeline in place, to complete and commission it and we still have option in Warri Refinery if we are pushed to the wall.
Here we consciously established three options of evacuating our products. In the east of the country, we are trying to develop our OML 53 from the scratch. We would develop this along with two other options of evacuation. We try to build redundancy in evacuation to hedge against that risk.”
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