- Advocates diversified energy portfolio towards attaining energy transition
The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari, has urged stakeholders in the Nigerian oil and gas industry to proactively adapt, evolve, and take the lead in navigating the dynamic global energy landscape.
The call to action was delivered by Kyari during his keynote address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos on Tuesday, as conveyed by NNPC Ltd’s Chief Corporate Communications Officer, Olufemi O. Soneye.
Represented by NNPC Ltd’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan, the GCEO emphasized the pivotal role of oil and gas exploration in shaping the future of the industry. He stressed the imperative for unwavering dedication, specialized expertise, and a relentless pursuit of knowledge to unlock new frontiers, pushing technological and economic boundaries.
Kyari reiterated NNPC Ltd’s commitment to embracing exploration, developing renewables, fostering innovation, adopting emerging technologies, and implementing portfolio management as key drivers of success in the evolving energy landscape. He expressed optimism that the NAPE Conference would yield pragmatic solutions, positively influencing the nation’s economic trajectory.
Acknowledging the global shift towards renewable energy, the GCEO highlighted challenges such as intermittency, predictability, and reliability arising from geological constraints. He underscored the absence of a perfect energy source and advocated for a diversified energy portfolio, leveraging innovation and technology to harness the strengths of different energy sources.
The NAPE Conference, an annual gathering of geologists and industry professionals engaged in oil and gas exploration and production, carries the theme “Repositioning the Oil & Gas Industry for Future Dynamics” this year. The conference aims to advance the study and application of geosciences for the benefit of all stakeholders, reflecting the industry’s commitment to proactive evolution in the face of emerging challenges and opportunities.
