@MSIngawa fear of pipeline vandalism when you put the crude in the pipeline you consider it lost and also wen you shutdown a well and couldn't produce or produce and just stolen in your tanks you consider it lost too if you can take it to the market to meet your contractual obligations..
@MSIngawa Its loosing doesn't mean its stolen i am just drawing ur attention to the fact that must of the time when they saying they are loosing its not actually all of it is stolen when you project to produce certain barrel per day and couldn't produce bcos you shutdown your well for the
@MSIngawa Better because alot of the reports are misconstrued. The fact is alot is been stolen but most the reports doesn't separate actual crude or revenue looses from actual crude theft losses and to an average Nigerian he will just think that about a million barrel is stolen daily.
@MSIngawa using can only be losses due shutdown of the major pipeline to avoid losses from pipeline vandalism but the assumption is too far from accurate if we are talking about actual stealing in our waters.
@MSIngawa But you already calculated the volume stolen daily and assumed amount lost to theft daily....i am just bringing your attention to the fact that if such amount could be stolen daily and supplied to the MV the whole of our coastal area will be clogged(congested) with the DV i don't
@MSIngawa to discharge to the mother vessel and how many of them do you think will be travel per day unnoticed??? Its actually nice to point out the scale of the theft but the figures doesn't add up.
@MSIngawa The information its partly incorrect bcos the mother vessel you are talking about whether its VLCC or so cannot be at that 4km location to be connected to the pipeline you will still need Daughter vessels to collect crude from the pipeline location and the travel into the sea
@cenbank i have been having issues with Firstbank recently. I used POS for a transaction my money was debited but the transaction was declined i went to the bank to complain fill a form for over 2 weeks now the amount has not been reversed.