The Nigerian National Petroleum Corporation (NNPC) Limited has signed an agreement with Schlumberger, an American oilfield business, to expand upstream activities in Nigeria’s oil and gas industry.
The state-owned oil business announced this on Thursday, May 23, in Abuja in a statement signed by Olufemi Soneye, the NNPC’s top corporate communications officer.
Mele Kyari, the Group CEO of NNPC Ltd, explained that the industry’s current reforms will likely lead to the probable short-term release of investments.
Kyari emphasised the partnership has many advantages, stating that it would result in additional drilling campaigns and more activity that would benefit both organisations.
He disclosed that NNPC was developing a rig-sharing platform with a clear plan for healthy drilling and related activities in the upcoming years.
He added that this would boost crude oil production and help the ongoing initiative to expand the country’s use of gas.
Speaking about the long-standing connection between NNPC Ltd. and Schlumberger (SLB), Kyari stated that NNPC will use the resources under its control to expedite the benefits of this relationship.
Kyari said:
Schlumberger CEO Olivier Le Peuch stated that the deal will hasten Nigeria’s exploration and production goals, promoting economic expansion and well-being.
Le Peuch said:
He stated that Schlumberger (SLB), a business that has been operating in Nigeria for 70 years, is still dedicated to developing local talent and enhancing performance and technology.
He added:
TimesNow.com.ng reported that the Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd), a subsidiary of NNPC and Natural Limited Oilfield Services Limited (NOSL), has announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom state.
The NNPC announced this in a statement signed by its chief corporate communications officer, Olufemi Soneye, on Sunday, May 12, 2024.
It said the production, which began on May 6, 2024, with about 6,000 barrels of oil, is expected to be ramped up to 40,000 barrels daily by May 27, 2024.
Source: TimesNow.com.ng
