NNPC GMD Mele Kyari received the Executive members of Petroleum Technology Association of Nigeria (PETAN), led by the Chairman, Mr. Bank-Anthony Okoroafor.
Oil & GasTrending Story

NNPC, PETAN Collaborate to upscale  Oil, Gas activities 

413

 

The Nigerian National Petroleum Corporation (NNPC) and the Petroleum Technology Association of Nigeria (PETAN) say they are partnering on bolstering up production activities in the nation’s oil and gas sector.

This was disclosed after a meeting between PETAN and NNPC led by  the Chairman of PETAN, Mr Bank Anthony Okoroafor held at the NNPC Towers, Abuja.


The Group Managing Director of NNPC, Mallam Mele Kyari, chaired the meeting.
Kyari said it was not possible for the industry to thrive without local service providers, stressing that there was therefore the need to ensure the development of local capacity.

He said NNPC was working in concert with the Ministry of Petroleum Resources and the National Assembly to facilitate the passage of the Petroleum Industry Bill before the end of the second quarter of 2020 in order to provide clarity and certainty to investors with a view to stemming the trend of dwindling Exploration and Production activities in the sector.

“While work on the PIB is going on, we are engaging with the IOCs to resolve some of the commercial processes to make sure that these businesses continue.

“That was how we were able to deliver the Train 7 FID. We are working on the Bonga South project and a number of projects that you listed.
“I know that our partners are ready to do business with us. That way, exploration work will spring back, I am very optimistic about that”, Kyari said in a statement by  Mr Samson Makoji, Ag. Group General Manager, Group Public Affairs Division of NNPC.

He urged member-companies of PETAN to be ethical in their transactions and pledged to support the Association in its objective of growing local capacity in the oil and gas sector.

On his part, PETAN Chairman, Mr. Bank Anthony Okoroafor, pledged the Association’s support to help NNPC meet the target production growth of 3million barrels per day and 40billion barrels reserves by 2023.

He also commended the GMD for his efficient leadership of the Oil and Gas Industry which has yielded great results such as the signing of the NLNG Train 7 FID and the resolution of the Shell-Belema Oil dispute.

High point of the occasion was the decoration of the NNPC GMD with the PETAN brooch to mark his induction as an honourary member of the association.

Leave a comment

Related Articles

$26bln African Atlantic Gas Pipeline Project Gains Momentum

The federal government, in collaboration with the Economic Community of West African...

ECOWAS, Nigeria, Morocco, Mauritania Commit to $26bln African Atlantic Gas Pipeline Project

“The project, conceived in 2016 during King Mohammed VI of Morocco’s visit...

Troops crack down on oil thieves in Niger Delta

The Nigerian Army’s 6 Division, in collaboration with other security agencies, has...

Adokiye Tombomieye, ex-NNPC Ltd. VP Upstream, canvasses skills transfer, knowledge sharing among young engineers under mentorship

A former Executive Vice President, Upstream, Nigerian National Petroleum Company Ltd. (NNPC...

NUPRC Approves Seplat-ExxonMobil Divestment, Launches “Operation 1 Million”

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given the green light...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant...

NNPC Ltd. reiterates commitment to peace, prosperity in Niger Delta

The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its dedication...

I didn’t ask NNPC Ltd to give up running own refineries – Oil Minister of State, Lokpobiri

Contrary to reports making the rounds, the Minister of State for Petroleum...

Nigeria faces potential gas supply crisis by 2030, says NUPRC Chief

Nigeria may experience a significant gas supply crisis by 2030, with a...

Oil prices surge by $1 amid Middle East tensions

Oil prices jumped by over a dollar in early trading on Wednesday,...

Whopping N5.4trn to be saved from petrol subsidy removal in 2024, says Gov. Abiodun

Ogun Gov. Dapo Abiodun has disclosed that the subsidy on fuel, if...

NNPC Ltd, a responsible, patriotic corporate citizen prioritizing Nigerians’ welfare over profiteering – ex-Presidential spokesman

Imbued by patriotic spirit and well-being of Nigerians, the Nigerian National Petroleum...

Tinubu’s marching order shoots up oil production output to 1.7 mbpd— Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd ) has announced a...

NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off

The Presidency has announced the take-off of the $550 million upstream gas...

NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

In the face of the challenges in the oil sector, particularly the...

Crude oil contributed N14.56trn to Nigeria’s exports in Q2 2024

Crude oil exports accounted for 74.98 percent of Nigeria’s total export value...

NNPC Ltd/Chevron JV Concludes Assets Conversion to PIA Terms

In accordance with the Petroleum Industry Act (PIA) 2021 provisions for transiting...

NNPC Ltd. signs partnership deal with China Engineering Corporation for power project funding

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a deal...

NNPC Ltd’s $6bln debt confirms Tinubu’s truthfulness about fuel subsidy removal – Presidency

The Special Adviser to the President on Information and Strategy, Mr. Bayo...