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Pipeline Infrastructure Nigeria Limited supports resumption of Ogoni oil exploration, cites $226 billion loss

Pipeline Infrastructure Nigeria Limited PINL has endorsed the proposed restart of oil exploration in Ogoni land, highlighting a loss of approximately $226.734 billion over the past 32 years due to the suspension of crude oil production from 96 oil wells. The company, responsible for maintaining the Trans Niger Pipeline, emphasized that resuming oil production in the area is a national priority, aiming for over 500,000 barrels of crude daily from Oil Mining Lease-11, which has been inactive since 1993. Dr. Akpos Mezeh, General Manager, Community and Government Relations at PINL, shared this during a stakeholders meeting in Port Harcourt. Mezeh acknowledged the efforts of the President Bola Tinubu administration to boost oil production through measures against oil theft and vandalism, noting that Ogoni land's resumption would further increase revenue. He also reported no pipeline infractions on the Trans Niger Pipeline in the last month, attributing this to community engagement. Mezeh stressed the importance of inclusive community participation for the resumption, ensuring the Ogoni people are involved in all decisions, and called for continued environmental clean-up and restoration, job creation, and capacity development for host communities. PINL expressed readiness to support this process with its experience in stakeholder engagement and infrastructure protection. Nigeria's oil production has reportedly risen to about 1.84 million barrels per day, with a target of 2 million