A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola has disclosed that oil and gas companies operating in the country shut down producing fields for up to 180 days yearly as a result of the operational challenges in the Niger Delta. Speaking yesterday at a roundtable meeting on the PIB organised by the Nigeria Natural Resource Charter (NNRC) and Media Initiative on Transparency in Extractive Industries (MITEI) in Abuja, Olorunsola, explained that Nigeria’s situation was unlike what was obtained in other oil producing destinations across the world. Olorunsola, who is a member of the Expert Advisory Panel (EAP) of the NNRC, stated in a presentation he made at the meeting that most oil producing countries record just about 30 and 45 days of production downtime, and produce oil for an upward of […]