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Business/ ENERGY For a while, insinuations that certain oil companies operating in Nigeria engage in underhand activities in the process of carrying out their businesses had been rife. Emmanuel Addeh writes that the latest dust raised by Aiteo E&P’s accusation that Shell Petroleum Development Company (SPDC) wilfully carried out unfair dealings against it, has again brought the matter to the fore, highlighting that the indigenous oil concern appears to have a strong case against the international oil giant It started like the usual rumours, mostly unsubstantiated, of how the oil sector is exceptionally dirty, but since documents surfaced about how SPDC allegedly short-changed some local oil firms, it has almost taken the form of a scandal.The bone of contention is that between 2016 and 2018, SPDC putting to use a metering device not approved by the Department of Petroleum Resources (DPR) short-changed local operators, Aiteo, being the hardest hit, to the tune of millions ....
Court blocks Shell’s bank accounts Reallocation of crude oil volume from Nigeria’s Bonny Terminal between 2016 and 2018, following gaps in metered volume between oil majors and some indigenous firms, is responsible for allegations of crude theft in the nation’s onshore operations. The calibration of a “2×12” Coriolis flowmeter installed by Shell Petroleum Development Company Nigeria (SPDC) at the inlet of the Nembe Creek Trunk Line (NCTL) into Bonny Terminal for custody transfer measurement and allocation purposes raised gaps in crude volume reconciliation among operators. Findings from the Department of Petroleum Resources in 2018 had shown that the NCTL facility was installed by SPDC as a temporary arrangement, pending completion of the permanent LACT unit. With the commissioning of the permanent LACT in 2018, the Federal Government, through the Department of Petroleum Resources (DPR), reallocated volumes to address shortfalls and technical allowable. ....