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Flashcards by Dillon Onyemelukwe, updated 11 months ago
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Created by Dillon Onyemelukwe
12 months ago
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| Question | Answer |
| What does HSE mean? | HSE stands for Health, Safety, and Environment. HSE encompasses a range of practices, policies, and regulations to minimize hazards, prevent accidents and injuries, and promote sustainable practices. |
| What is the HSE guideline for fire hazards? | - Carry out a fire safety risk assessment - Keep sources of ignition and flammable substances apart - Avoid accidental fires - Ensure good housekeeping at all times, eg avoid build-up of rubbish that could burn - Consider how to detect fires and how to warn people quickly if they start, eg installing smoke alarms, fire alarms or bells - Have the correct fire-fighting equipment for putting a fire out quickly - Keep fire exits and escape routes clearly marked and unobstructed at all times - Ensure your workers receive appropriate training on procedures they need to follow, including fire drills - Review and update your risk assessment regularly |
| What are the things needed for a fire to start? | - a source of ignition (heat) - a source of fuel (something that burns) - oxygen (air around us) |
| What are the three major levels of the HSE guidelines for fire safety? | - Preventing Fires - Identifying Hazards - Having a plan to responding to fires |
| What is the full meaning of NNPCL? | Nigerian National Petroleum Company Limited |
| What do you know about NNPCL? | NNPCL is a private oil and gas company licensed to operate in the country’s petroleum industry. NNPCL, under the Petroleum Industry Act, has fully transitioned into a licensed operator from dual operator and regulator. NNPC was founded in 1977 (48 years ago) and became NNPCL in 2021 under the PIA 2021. The current GCEO (Group Chief Executive Officer) is Mele Kyari. |
| Who is the current Minister for Petroleum Resources? | Minister Of State (Oil) Petroleum Resources – Hon. Heineken Lokpobiri |
| What do you know about oil price determination? | Supply and Demand with demand determined globally and supply somewhat controlled by OPEC setting quotas for participating countries. Generally, supply is determined by a country's production capacity. |
| How many divisions does NNPCL have? | NNPCL has 4 divisions comprising of 17 subsidiaries |
| What is the production capacity of Port Harcourt refinery? | Old plant has refining capacity of 60,000 barrels per day (bpd) New plant 150,000 bpd both summing up to 210,000 bpd. |
| What is the production capacity of the Warri refinery? | The installed capacity of the Warri refinery operated by NNPCL is 125,000 barrels per day (BPD) |
| What is the production capacity of the Kaduna refinery? | The installed capacity of the Kaduna refinery operated by NNPC is 110,000 barrels per day (bpd) |
| Who is the GMD of NNPC | The current GMD/GCEO of NNPC is Mele Kyari who was made the GMD in 2019 by President Muhammadu Buhari, succeeding Maikanti Baru. |
| What is the Petroleum Industry Act? | The Act which is split into four major sections seeks to adopt a commercial approach to the governance framework of the petroleum sector through a clear separation of the regulatory and commercial bodies to promote efficiency and transparency. |
| Who is the current OPEC President? | The current Secretary-General of OPEC is HE Haitham Al Ghais. |
| Which of the NNPC subsidiaries operate upstream? | - NNPC E&P Limited (NEPL) – Exploration & production of hydrocarbon resources (Crude, condensate & gas) - NNPC Upstream Investment Management Services (NUIMS) – Management of investments in non-operated upstream entities (JV + PSC) - NNPC Energy Services Limited (EnServ) – Exploration, seismic data management, and general oilfield services - NNPC Engineering and Technical Company (NETCO) – Engineering & technical services (Engineering, procurement, construction, installation, commissioning, operations & maintenance). |
| Which of NNPC subsidiaries operate in the midstream? | - NNPC Gas Infrastructure Company (NGIC) – Construction, operation, and maintenance of natural gas infrastructure. - NNPC Gas Marketing Limited (NGML) – Marketing and distribution of natural gas to industrial and commercial users. - NNPC Gas & Power Investment Services (NGPIS) – Management of NNPC’s investments in gas & power projects and gas-based industries. - NNPC New Energy Ltd (NNEL) – Investment, production, and sales of renewables and alternative energy solutions |
| Which of the NNPC subsidiaries operate downstream? | - NNPC Trading Ltd (NTL) – Bulk crude and products trading operations - NNPC Retail Ltd (NRL) – Retail Business (Refined products, lubricants, LPG, CNG) and Non-fuel businesses. - NNPC Shipping Ltd (NSL) – Shipping and marine services - NNPC RefChem Ltd (NRCL) – Refining and chemicals processing - NNPC Downstream Investment Services (NDIS) – Management of NNPC’s investments in refining, chemicals, and other downstream businesses - Nigerian Pipelines and Storage Company Limited (NPSC) – Downstream pipeline and storage |
| Who is the CFO of NNPC? | Adedapo A. Segun has been named Chief Financial Officer (CFO), succeeding in his role as Executive Vice President of the Downstream sector, where he contributed significantly to NNPC’s downstream operations. Segun replaced the outgoing CFO, Umar Ajiya. |
| How many refineries does NNPC have? | NNPC has three refineries, in Port Harcourt, Warri, and Kaduna. |
| Who is controlling NNPC? | The Nigerian government currently owns all shares in NNPC Limited and controls the selection of its management. |
| Which Ministry is NNPC Under? | Ministry of Petroleum Resources (MPR) which is the government body responsible for formulating and implementing policies that govern Nigeria's oil and gas assets |
| When did Nigeria join OPEC? | Nigeria joined the Organization of Petroleum Exporting Countries (OPEC) on July 12, 1971. Nigeria was the 11th country to join OPEC, which was founded in September 1960. |
| What are the functions of OPEC? | - Stabilizing oil prices - Ensuring a regular oil supply - Providing a fair return on investment - Managing oil production - Safeguarding member country interests |
| Current Members of OPEC | The Organization comprises 12 Member Countries – namely Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates and Venezuela. |
| What are the procedures you can take in case of a fire emergency? | - Activate the fire alarm. - Call emergency services (e.g., 911). - Evacuate using the nearest exit (avoid elevators). - Assist others if safe to do so. - Go to the designated assembly point. - Stay low to avoid smoke inhalation. - Do not re-enter until cleared by authorities. |
| HSE measures for changing a light bulb | - Turn off the power. - Use the correct bulb. - Wear gloves for safety. - Use a stable ladder or stool. - Handle the bulb carefully. - Dispose of the old bulb properly. - Restore power and test. |
| Difference between NNPC and NNPC Limited | Legal Status: NNPC: A government-owned corporation. NNPC Limited: A limited liability company incorporated under the Companies and Allied Matters Act (CAMA). |
| Difference between NNPC and NNPC Limited | Ownership: NNPC: Fully owned and controlled by the federal government. NNPC Limited: Owned by the government but operates as a commercial entity with a focus on profitability. |
| Difference between NNPC and NNPC Limited | Operational Focus: NNPC: Often ran as a cost center with significant government subsidies. NNPC Limited: Operates as a profit-driven entity with transparency and accountability. |
| Difference between NNPC and NNPC Limited | Governance: NNPC: Managed directly under the Ministry of Petroleum Resources. NNPC Limited: Governed by a board of directors with operational independence. |
| Difference between NNPC and NNPC Limited | Revenue Retention: NNPC: Remitted revenues directly to the Federation Account. NNPC Limited: Retains profits for reinvestment and operational efficiency. |
| When was NNPC changed to NNPCL? | July 19, 2022 |
| BOPD | Barrels of Oil Produced Per Day |
| LNG | Liquefied Natural Gas; Usually methane and ethane; liquefied at extremely low temperature |
| BOE | Barrel of Oil Equivalent |
| Brent Crude | Most popular crude oil for oil prices |
| LPG | Liquefied Petroleum Gas |
| Standard Gas Measurement | Standard Cubic Feet (SCF) |
| Standard Oil Measurement | Barrels (BBL) |
| Which part of the value chain is gas stored and processed? | Midstream |
| Which part of the value chain is oil and gas produced? | Upstream |
| Which part of the value chain is oil and gas distributed to retailers? | Downstream |
| Which authority regulates activities in the midstream and downstream sector? | Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) |
| What are the proven gas reserves in Nigeria? | 209 trillion cubic feet |
| Which countries supply the most LPG to Nigeria? | USA, Equitorial Guinea, Argentina (as at 2022) |
| Does Nigeria export LPG? | Last year October 23, 2024, LPG export was suspended in order to stabilize domestic supply |
| Which region has the highest oil and gas exploration in Nigeria? | Niger Delta Region: Rivers, Bayelsa, Delta |
| What program did the FG introduce to make CNG the fuel of choice for transportation and LPG, the fuel of choice for cooking and captive power generation? | National Gas Expansion Program (NGEP) |
| What is the Vision of NNPC? | To be the dynamic global energy company of choice |
| What is NNPC's mission? | Reliably delivering energy while continuously creating value for all stakeholders |
| What are the values of NNPCL? | - Integrity - Excellence - Sustainability |
| What is the strategy of NNPCL? | - Enhancing upstream production - expanding gas processing and transportation services for domestic production and export - revitalizing refineries |
| Treasurer of NNPC | Isiyaku Abdullahi |
| What was the declared bet profit of NNPCL in 2023? | N3.3 Trn and dividend of N2.1 Trn |
| Chairman of NNPC Board of Directors | Pius Akinyelure |
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