The federal government has announced that the Port Harcourt Refining Company (PHRC) is currently 77.4 per cent completed even as it has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the refinery.
The Nigerian National Petroleum Company (NNPC) Limited, which made this known, said rehabilitation work has been ongoing at the Refinery for over two years and the NNPC Ltd. had pledged to complete Phase One of the project (mechanical completion and flare start-up) of Old Port Harcourt Refinery (Area 5) by 31st December 2023.
Speaking during an inspection tour of the rehabilitation project, which also coincided with the 15th Refineries’ Rehabilitation Steering Committee Meeting, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari, said as of 15th December 2023, 84.4 per cent of Area 5 Plant, a key component of the Refinery, and 77.4 per cent of the entire rehabilitation project have been completed.
“In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments”, Kyari stated.
The GCEO commended the NNPC Ltd.’s staff and the EPCIC contractors for doing a great job in ensuring that the refinery achieved that significant milestone.
In his remarks, the chairman of NNPC Ltd Board, Pius Akinyelure described the milestone as “historic”, stressing that the board was proud of the staff and management of the refinery.
“We are just starting. We want to be at the highest level of production so that we will keep the prices of petroleum prices stable in order to give comfort to our people and generate more revenue for our country”, Akinyelure noted.
Also speaking, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the milestone is another landmark of the renewed hope agenda of President Bola Ahmed Tinubu, GCFR.
He thanked Nigerians for their patience and the trust they have in NNPC Ltd.’s ability to deliver on this huge project.
In his address, the Minister of State for Petroleum (Gas), Rt. Hon. Ekperikpe Ekpo said re-streaming the Refinery will herald a good omen for the nation’s Liquefied Petroleum Gas (LPG) industry, as LPG, also known as cooking gas, is a major by-product of the Refinery.
Also speaking, the managing director of Tecnimont Nig. Ltd Fabio Del Cioppo, one of the EPC Contractors of the Rehabilitation Project, said his company remains committed to fulfilling the terms of the contract.
The PHRC rehabilitation project, which costs about $1.5 billion, is an EPCIC project that covers the Engineering, Procurement, Construction, Installation, and Commissioning phases. For Area 5, the Engineering, Procurement, Construction, and Installation have all been completed. The mechanical completion signifies the closure of the Construction and Installation phases.
More importantly, the milestone was achieved under an excellent Health, Safety, and Environment (HSE) record, which stood at over 9.5 million manhours with zero Loss Time Injury (LTI).
