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Please, i want to redraft this work. using turn it in or any other related tool, to identify and eliminate every kind of Imitation in
Please, i want to redraft this work. using turn it in or any other related tool, to identify and eliminate every kind of Imitation in the below draft as well as appropriately indicated all the in text citations that were omitted . formalize it to APA 7 guideline and formatting.
Please most works are sloppy on this platform so i will truly appreciate a thorough work . it needs to still be within the same count of words and not more . please do not loose and important information. adopt in text citations
Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) is Nigeria's federally owned oil and gas company and is responsible for managing the country's vast hydrocarbon resources. Established in 1977, the NNPC is headquartered in Abuja, the capital of Nigeria. NNPC is involved in a wide range of activities across the entire value chain of the oil and gas industry; it has upstream exploration and production, midstream transportation and storage, downstream refining and marketing, gas, and power, with several subsidiaries including the Nigerian Petroleum Development Company (NPDC), the Nigerian Gas Company (NGC), and the Nigerian Petroleum Refining and Marketing Company (NPRMC).
In addition to its domestic operations, NNPC is involved in international joint ventures and partnerships with foreign companies and is a significant player in the global oil and gas industry. The NNPC has faced several challenges in recent years, including declining production levels, production disruptions, and regulatory and fiscal issues. The most pressing operation management challenge facing the Nigerian Petroleum Refining and Marketing Company (NPRMC) is adequate refining capacity. However, the focus will be on the Nigerian Petroleum Refining and Marketing Company (NPRMC), one of the subsidiaries of NNPC, responsible for refining petroleum products that include gasoline, diesel, aviation fuel, kerosene, and liquefied petroleum gas (LPG) amongst many others. NPRMC operates four refineries in Nigeria, but their combined refining capacity has been well below their installed capacity for various reasons. It has resulted in a shortfall in domestic refining capacity and reliance on imported refined products, which constantly increases the cost of fuel and intensifies the country's balance of trade deficit, among others, due to its technical inefficiencies of low utilization rates and high production cost. Analyzing its efficiency, the 4Vs have been used to evaluate their overall efficiency
The analysis of NPRMC's KPI vs. Actual report demonstrates that the overall efficiency is primarily low, and there is a need and great opportunity for improvement in all 4V areas.
NNPC is involved in various oil and gas products, including crude oil, refined petroleum products, liquefied natural gas, petrochemicals, etc. Focusing on its Liquified Natural Gas (LPG), the supply chain diagram shows the domestic supply of liquefied natural gas products nation-wide with a high level of vertically integrated operations. The NNPC Act 1977 describes the entity as being empowered to participate in "all" commercial activities related to the petroleum sector.111 NNPC has exercised its commercial mandate by various objectives over time, including participating as an operator, investing to increase reserves, increasing oil and gas production in the country, and maximizing Nigerian employment and local service company content.
This measure of vertical integration has advantageously reduced cost, but the economy of scale may lead to decreased efficiency because as the number of personnel needed increases, this will increase the number of personnel under the span of control of a manager, which can likely be overwhelming, provision for more training of managers because of their scarcity is also needed. There is also a reduction in effective coordination and varied differentiation of structure.
The NNPC Liquified Natural Gas (LPG) is full of key players, as every integration can only succeed appropriately when there is synergy.
See below the supply chain of LNG.
The Key players in the supply chain for LNG include
NNPC:NNPC is a primary or head player in the LNGs supply chain; NNPC controls the production, processing, transportation, and distribution of LNG.
International Oil Companies (IOCs): Numerous expert international companies partner with NNPC and are knotted to execute the exploration, production, and processing of LNGs. ExxonMobil, Chevron, and Totals, as well as others, are involved in all the stages. Here there are minor or no IOCs involved in this marketing and distributing production stage.
LNG Terminal Operators: NNPC, NGC, and NLNG. These companies operate the terminals where oil is stored and distributed nation-wide.
Customers: The national power generating plants, industrial customers, and general markets of LNG in Nigeria.
One of the significant bottlenecks or challenges identified here is gas production & exploration and gas processing; with the IOCS as the stakeholder heavily involved in this process, the percentage of output capacity designated to the export market versus the domestic market is quite massive. IOCs and indigenous gas companies direct some supply to the local market; on export volumes, most processed gas is directed toward export facilities (Nigeria LNG, Escravos Gas-to-Liquids Project, West Africa Gas Pipeline).
To increase the domestic processing capacity directed to the domestic market. The commercial viability of the downstream will need to improve, and this will increase the attractiveness of the domestic gas market. Natural gas is produced in Nigeria; it is commercialized, used in upstream operations, or flared. Commercialized gas is gas that is sold to the export and domestic markets. In 2017, an average of 3,360 million standard cubic feet per day (MMSCFD), or 44 percent of gas produced, was exported, while only 1,076 MMSCFD, or 14 percent of gas produced, was sold to the domestic market. The power sector utilized less than 10 percent of produced gas, with an online average of 2,790 MW in 2017 (Producers use the remaining gas to provide fuel for upstream operations and boost oil production through enhanced oil recovery (e.g., re-injection and lift), or flared at the production site. In 2017, these activities accounted for an average of over 3,000 MMSCFD, or 42 percent of gas produced in Nigeria.
Logistics:The Transportation of these natural gas from the production sites to the market poses a considerable challenge to the supply chain process. These are pipelines, storage facilities, and loading docks. These stages can be improved upon.
A postage stamp transmission tariff of US$0.80/MMBtu is applied for the use of the pipeline system, meaning that the transmission tariff is the same irrespective of other variables, such as the amount of distance the gas travels.
This tariff is intended to fund operations and future investments in the pipeline system to improve and expand service.
This traffic calculation can be improved using this formula.
Tariff = Cost of service/Gas Volume
The Gas Pipeline is attached to ELPS but has not been exported at its intended capacity since commissioning. It further complicates efforts to redirect gas volumes to the domestic market.
Risk Analysis
The register is not exhaustive, and it contains only some of the comprehensive register; please note that this register should be reviewed regularly to remain relevant and accurate.
- This register helps identify, assess, and prioritize an organization's potential risks. It helps organizations to understand the risks they face, the potential consequences of those risks, and the likelihood of those risks occurring. This information can then be used to develop risk management strategies to minimize the risks' impact and prepare for potential incidents.
- The register helps NNPC understand the key risks it faces and prioritize its risk management efforts. The risks are listed in the first column and are described in detail. The impact column would assess the potential impact of each risk if it were to occur, rated as High, Medium, or Low. The probability column assesses the likelihood of each risk occurring, also rated as High, Medium, or Low. The overall risk column provides an overall assessment of the risk, calculated by combining the impact and probability ratings, rated as Extreme, High, Medium, or Low.
The Nigerian Petroleum Refining and Marketing Company's (NPRMC) supply chain may be improved in the following ways based on best-practice competitive benchmarking:
Enhance collaboration and coordination with suppliers:To guarantee a constant and dependable supply of crude oil for refining, NPRMC may improve its supply chain by improving collaboration and coordination with suppliers. This may be accomplished by implementing supplier management systems, conducting routine supplier evaluations, and forming strategic alliances with critical suppliers.
Enhance transportation effectiveness:By implementing best practices in fleet management, such as using real-time tracking, optimizing routes, and acquiring more fuel-efficient cars, NPRMC may enhance its transportation effectiveness. The business should also think about using several modes of transportation, like rail or barges, to speed up delivery times and lower the cost of transportation.
Adopt best practices for inventory management:NPRMC may enhance its inventory management procedures by incorporating best practices such as demand forecasting, real-time inventory tracking, and setting safety stock levels. As a result, the business can manage its stock levels better, lower the cost of maintaining inventory, and increase product availability.
Automate processes and go digital: NPRMC may enhance its supply chain by automating processes and becoming digital. This may entail utilizing supply chain management systems, transportation management systems, and enterprise resource planning (ERP) systems (SCM). By implementing these technologies, the business may boost productivity, cut lead times, and increase visibility.
Create a solid risk management plan:NPRMC may enhance its supply chain by creating a solid risk management plan that includes supply chain diversity, insurance coverage, and contingency planning. With this, managing and reducing supply chain risks, including supplier interruptions, natural catastrophes, and market changes, would be easier for the business.
These are a few best-practice suggestions that may be made to enhance NPRMC's supply chain. These suggestions can help the business become more competitive, operate more efficiently, and better serve its clients.
REFERENCE
https://ccsi.columbia.edu/sites/default/files/content/docs/publications/CCSI-NNPC-Nigerian-National-Petroleum-Corporation-Low-Carbon-Transition-rev.pdf
Petroleum Products Pricing Regulatory Agency. (2018). Overview of Petroleum Products Supply in Nigeria. Retrieved fromhttps://pppra.gov.ng/wp-
content/uploads/2018/08/Overview-of-Petroleum-Products-Supply-in-Nigeria.pdf
The Guardian. (2018). Nigeria's Oil Industry Performance in 2018. Retrieved from https://guardian.ng/business-services/nigerias-oil-industry-performance-in-2018/.
https://www.google.com.ng/search?q=NNPCs+LNG+procurement+supply+network&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj_9tuavZD9AhUuLFkFHWAgDp8Q_AUoAnoECAEQBA&biw=1470&bih=841&dpr=2#imgrc=1TgtSlygiBYtxM
https://nnpcgroup.com/businesses
https://ccsi.columbia.edu/sites/default/files/content/docs/publications/CCSI-NNPC-Nigerian-National-Petroleum-Corporation-Low-Carbon-Transition-rev.pdf
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