In a recent statement, the Nigerian National Petroleum Company Ltd (NNPC Ltd.) affirmed its unwavering commitment to fostering the development of substantial oil and gas infrastructure, aimed at bolstering the sector’s growth and facilitating operations for operators and potential investors within Nigeria.
In a statement Chief Corporate Communications Officer NNPC Ltd. Abuja Olufemi Soneye said Mrs. Oritsemeyiwa Eyesan, the Executive Vice President, Upstream, conveyed this dedication during the ongoing Offshore Technology Conference (OTC) held in Houston, Texas, United States of America. Speaking at a panel session organized by the Petroleum Technology Association of Nigeria (PETAN), themed “Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)”, Eyesan emphasized NNPC Ltd.’s strategic goal of fostering a robust energy mix in the country.
Acknowledging the existing challenges hindering sectoral progress, Eyesan highlighted significant advancements made since the previous year’s OTC edition in terms of enhancing investment opportunities and infrastructural expansion. She pinpointed funding constraints as a primary obstacle but cited positive developments such as Presidential Executive Orders aimed at sectoral revitalization and the imminent resolution of International Oil Companies’ asset divestments.
Eyesan underscored the aggressive execution of vital gas infrastructure projects like the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, slated for completion in the forthcoming quarter, as pivotal initiatives driving sectoral growth.
Echoing NNPC Ltd.’s commitment, Engr. Elohor Aiboni, Managing Director of SNEPCo, and Mr. Jim Swartz, Managing Director of Chevron Nigeria Ltd, clarified that their companies’ divestments from onshore and shallow water assets were part of a global portfolio realignment strategy and should not be misinterpreted as a withdrawal from Nigeria.
Swartz further expressed enthusiasm about the government’s initiatives to bolster investor confidence, affirming Chevron’s eagerness to collaborate with NNPC Ltd. in advancing sectoral interests.
The reassurance of NNPC Ltd.’s commitment to industry development signifies a positive trajectory for Nigeria’s oil and gas sector, promising increased investment and infrastructural expansion under the strategic guidance of industry leaders.
