NNPC GMD at the NAICE CONFERENCE
Oil & Gas

Seek solutions to problems facing oil & gas sector, Kyari tells industry leaders

569

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on oil and gas industry players in the country to support the national oil company to achieve the national aspiration to grow crude oil reserve to 40 billion barrels and boost oil production to 3 million barrels per day.

Kyari challenged industry operators and stakeholders alike to desist from further lamentations of the challenges that plague the operating environment but pick up the gauntlet and confront the issues frontally with diligence and sure mindedness.

Speaking at the 43rd Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers, in Lagos on Monday, Kyari said that this could only be achieved if players collaborate effectively to ensure timely resolution of contractual issues and the passage of the necessary petroleum legislation.

“To achieve this ambition, huge investment is required across the value chain. We have to attract investment to deploy improved technology in the exploration and production of hydrocarbon from inland as well as the ultra-deep offshore basins,’’ he said.

He challenged industry players to be forward-looking and embrace this approach in seeking for solutions to the challenges that confront the industry.

He said that technology and innovations will continue to shape the way the oil and gas industry businesses and operations are conducted especially in the deep offshore and other hard-to-operate environment.

“Artificial intelligence, big data and the mobile technology will continue to shape our industry in practically unimaginable ways, but certainly the transformations they promise will lead to quantum shift in the delivery of our task,’’ he said.

Leave a comment

Related Articles

NUPRC Unveils Measures to Boost Oil Industry Transparency, Curb Theft

By Joycelyn Ellakeche Adah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has...

NNPC Ltd. Partners Baker Hughes to Drive Growth in Nigeria’s Oil and Gas Sector

The Nigerian National Petroleum Company Ltd (NNPC Ltd.) is exploring a strategic...

Nigeria Still Africa’s Top Oil Producer Despite Output Drop – OPEC

Despite a decline in production, Nigeria has retained its position as Africa’s...

PENGASSAN Urges Govt to Prioritize Security for Oil and Gas Infrastructure

The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has urged the...

Pres. Tinubu Felicitates NNPCL CEO Bayo Ojulari on 60th Birthday

President Bola Tinubu has extended his warm congratulations to Bayo Ojulari, the...

NUPRC Gets Comprehensive Audit Report on Oil & Gas Measurement Systems

By Joycelyn Ellakeche Adah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has...

NNPC Foundation Empowers 531 NYSC Members with Business Starter Packs, ₦531,000 Grants

By Joycelyn Ellakeche Adah The Nigerian National Petroleum Company (NNPC) Foundation officially...

Updated: Tinubu Charges NNPCL Board to Leverage Expertise in Economic Revitalization

President Bola Tinubu inaugurated the NNPC Limited Board at the State House...

Pres. Tinubu Inaugurates Board of NNPCL, Signals New Era

President Bola Tinubu administered the oath of office to the newly appointed...

Minister Kicks Off Building of Bauchi Oil and Gas Academy’s Permanent Campus

By Joycelyn Ellakeche Adah In a move aimed at bolstering human capital...

FG Pledges to Meet 2.5m Barrels Per Day Oil Production Target 

The Federal Government has reiterated its commitment to achieving a daily crude...

Presidential Initiative Rejects Blackmail Attempt by Former CNG Conversion Partner, Threatens Legal Action 

By Joycelyn Ellakeche Adah The Presidential CNG Initiative (PCNGI) has come out...

NNPC Ltd., Chevron Nigeria Ltd. Strengthen Partnership for Gas Development

The Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari, has underscored...

NNPCL’s New GCEO, Ojulari, Unveils Visionary Plans for Energy Transformation, Growth

Mr. Bashir Ojulari, the newly appointed Group Chief Executive Officer of the...

Strategic Partnerships Key to Achieving Presidential Mandate, Says NNPCL GCEO

Joycelyn Ellakeche Adah The newly appointed Group Chief Executive Officer of NNPC...

US set to strengthen energy ties with Nigeria, says NNPCL Spokesman, Soneye

The United States and Nigeria have reaffirmed their commitment to collaboration in...

Trump’s Tariff Policies Spark Oil Market Volatility, Threaten Nigeria’s Economy – NMDPRA Boss

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory...

NNPCL announces new eight-member management team

The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a new eight-member...

Nigeria to Enforce “Drill or Drop” Policy to Boost Oil Production – Lokpobiri

The Federal Government has announced plans to enforce the “drill or drop”...

NNPC Retail Celebrates Female Mechanics, Advocates Inclusivity in Technical Fields

NNPC Retail Limited (NRL) has successfully hosted She-Fix 2025, a landmark event...