Business Hilights
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Oilserv mulls renewal of moribund petroleum pipelines

Leading Indigenous Engineering Procurement and Contract (EPC) Company, Oilserv Limited has concluded plans to buy over all moribund Nigerian National Petroleum Company (NNPC) pipeline distribution systems and renew them for energy purpose.

In an interview, Group Chairman, Oilserv, Mr Emeka Okwuosa said his group had submitted a tender to NNPC in this regard.

Business Hilights recalls that Oilserv Group is the company handling the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.

Okwuosa averred that “As we speak today, one of our companies is working closely with NNPC. There is a tender going on; on how to correct the moribund distribution systems for petroleum products distribution. We see them all over Nigeria. They are not functional.

“But we want to buy them over, rebuild them and make energy available, instead of having people transport petrol and diesel from Port Harcourt to Makurdi, for example. Does it make any sense?

“There is a pipeline built many years ago but, really, it is not there anymore because it has been damaged and not maintained. We are also addressing that. We’ve also gone into renewables,” he said.

Okwuosa said that the company was working to build gas networks, built locally, and then operate.

“That means that we are already trying to address the issue of energy availability within our group,” he said.