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NNPC identifies areas of collaboration with IOCs to boost oil production

The Nigerian National Petroleum Corporation (NNPC) has identified key areas of collaboration with the international oil companies (IOCs) in Nigeria to Boost Oil and gas production in the country, ThisDay reports.

The corporation said in a presentation at the ‘Industry Leaders Panel’ session of the just concluded 2017 edition of the Nigeria Oil and Gas (NOG) conference and exhibition in Abuja that the IOCs needed to continue to collaborate with it to achieve the common goals in the respective Joint Venture agreements they signed with it. The presentation was made by the corporation’s Chief Operating Officer, Gas and Power, Saidu Mohammed, who represented the Group Managing Director of NNPC, Dr. Maikanti Baru at the panel discussion.

Baru, however, said while corporate and national ambitions might differ, the NNPC and IOCs could still collaborate to achieve their objectives. He charged the IOCs to team up with the corporation to leverage their joint capacities in energising the country’s upstream production. Baru listed the areas they could collaborate to include contractual modelling, technology, funding, production growth, capacity development, cost reduction, environmental protection, corporate social responsibility, security and reserve growth.

The post Nnpc Identifies Areas of collaboration with IOCs to Boost Oil Production appeared first on Energy News | Oil and Gas News - Energy Mix Report.

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NNPC identifies areas of collaboration with IOCs to boost oil production


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