Press & Media

Brittania-U Begins Crude Oil Terminal Operation & Exports

January 31, 2017

 

Brittania-U establishes crude oil export terminal in the Niger Delta at a time when other companies are exiting the region following insurgencies. 

Between December 21 and 26, 2016, Brittania-U lifted its first cargo of 129,000 barrels at the newly established Ajapa Terminal. 

The terminal began its operational life in a time when the country is facing a lot of operational challenges in the crude oil industry especially in the Niger Delta region. These investments are testaments to our strong reserve base and proven track record of converting contingent resources to reserves and our poise to remain a major player in the upstream and downstream sectors of the industry.

Excerpts
THE NATION - Brittania-U begins crude oil terminal operation 
By Joseph Jibueze // Monday, January 30, 2017 (Pg. 8)


An indigenous oil firm, Brittania-U Nigeria Limited, has established crude oil export terminal in the Niger Delta. 

A leader in Nigeria’s petroleum industry, Brittania-U is a major player in the upstream and downstream sectors and is investing at a time some companies are exiting the region following insurgencies.

The company lifted its first cargo of 129,000 barrels between last December 21 and 26 at it’s newly established Ajapa terminal. 

A statement by it’s Chief Executive Officer, Mrs. Uju Ifejika, said Brittania-U has a strong reserve base and proven track record of converting contingency resources to reserves.

“The management team has also achieved a consistent increase in gross operated oil production and boasts a record of value-accretive acquisitions over the years.”

Since making it’s first acquisition in 2004, when it signed Farm-Out Agreement between the Company and NNPC/Chevron JV under the Federal Government marginal field initiative on OML 90 Ajapa Field, the company has risen to become a leading indigenous oil and gas operator in Nigeria. 

“Besides, the company has increased its production and reserves year on year and has consistently grown revenues and profits since it commenced operations,” she said.

Ifejika said the company began operation in 2008, it had been able to drill three development wells and one appraisal well, two of which are successful notwithstanding loss 0f $23 million resulting from drilling a dry hole during the early phase of its exploration activities.

She praised President Muhammadu Buhari for pushing the local content initiatives further. Ifejika said the oil firm built 10,000 barrels per day day Floating Production Storage and Offloading facility (FPSO) in it’s first year of being in Operation in 2009 at Houma Louisiana USA.

“The facility was built and delivered within seven and half months. Within the same period, the company procured its 78,000 barrels’ shuttle Tanker Barge for the delivery of its crude in its first crude contract – Chevron Nigeria Limited”.


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Excerpts
VANGUARD  - Brittania-U begins crude oil export 
By Onozure Dania // Tuesday, January 31, 2017 (Pg. 33)

http://www.vanguardngr.com/2017/01/brittania-u-begins-crude-oil-export-2/


LAGOS - An indigenous oil firm, Brittania-U Nigeria Limited, owned by a female oil magnate, Mrs. Uju Ifejika, has established crude oil export terminal in the Niger Delta.

A leader in Nigeria’s petroleum industry, Brittania-U is a major player in the upstream and downstream sectors and is investing at a time some companies are exiting the region following insurgencies.

The company, between December 21 and 26, 2016, lifted its first cargo of 129,000 barrels at it’s newly established Ajapa terminal.

The terminal began its operational life in a time when the country is facing a lot of operational challenges in the crude oil industry especially in the Niger Delta region.

Brittania-U has strong reserve base and proven track record of converting contingent resources to reserves.