NNPC Ltd committed to building huge oil, gas infrastructure to make sector thrive

NNPC Ltd's Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan speaks during a panel session organized by the Petroleum Technology Association of Nigeria (PETAN) themed: Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)”, at the ongoing 2024 Offshore Technology Conference (OTC) in Houston, United States, on Wednesday.
NNPC Ltd's Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan speaks during a panel session organized by the Petroleum Technology Association of Nigeria (PETAN) themed: Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)”, at the ongoing 2024 Offshore Technology Conference (OTC) in Houston, United States, on Wednesday.

 

By JOY ADARA, Abuja –

The Nigerian National Petroleum Company Ltd (NNPC Ltd) has said it would continue to invest in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their business in Nigeria.

The Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, disclosed this at the ongoing Offshore Technology Conference (OTC), on Tuesday in Houston, Texas, United States of America.

Speaking at one of the panel sessions of a luncheon organized by the Petroleum Technology Association of Nigeria (PETAN), with theme: “Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)”, the Eyesan stated that NNPC Ltd.’s objective was to ensure that there is a healthy balance of energy sources in the country.

NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan receives an award from PETAN’s Mr. Bank-Anthony Okoroafor, on behalf of the GCEO, NNPC Ltd, Mr. Mele Kyari, as a Keynote Speaker during the PETAN’s Technical Session at the ongoing 2024 Offshore Technology Conference (OTC) in Houston, United States, on Wednesday.

She explained that though the oil and gas sector is not where it ought to be, much progress had been made between last year’s edition of the OTC in terms of opening up the sector for investments and infrastructural development.

While she identified funding as the major challenge impeding the development of the sector, she listed some of the bright spots in the industry to include the Executive Orders signed by the President to open up the sector, the imminent resolution of the assets divestment by the International Oil Companies, and the aggressive execution of gas infrastructure projects such as the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, which she said would be completed in the next quarter.

Also speaking at the panel session, The Managing Director of SNEPCo, Engr. Elohor Aiboni, and the Managing Director of Chevron Nigeria Ltd, Mr. Jim Swartz, stated that their companies’ divestment from onshore and shallow water assets was a general realignment of their portfolios across the globe and should not be misconstrued as exit from the Nigeria.

Speaking further on his company’s commitment to remain in Nigeria, Swartz said: We are excited about what government is doing to build confidence in investors. We are excited to work with NNPC Ltd.”

DISCLAIMER

The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.

Be the first to comment

Leave a Reply

Your email address will not be published.


*