NNPC Declares State of Emergency on Crude Oil Production

GCEO, NNPC Limited, Mallam Mele Kyari (standing 7th from left) in a group photograph with participants at the on-going Nigeria Oil & Gas (NOG) 2024 Energy Week Conference & Exhibition in Abuja.

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Limited has declared a state of emergency on production in Nigeria’s oil and gas industry.

Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari, disclosed this in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja.

“We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production. War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation,” the GCEO declared.

According to him, a detailed analysis of assets revealed that Nigeria can conveniently produce two million barrels of crude oil per day without deploying new rigs, but the major impediment to achieving that remains the inability of players to act in a timely manner.

He said the “war” will help NNPC and its partners to speedily clear all identified obstacles to effective and efficient production such as delays in procurement processes, which have become a challenge in the industry.

On medium to long-term measures aimed at boosting and sustaining production, Kyari said NNPC would replace all the old crude oil pipelines built over four decades ago and also introduce a rig sharing programme with its partners to ensure that production rigs stay in the country for between four and five years which is the standard practice in most climes.

He called on all players in the industry to collaborate towards reducing the cost of production and boosting production to target levels.

He expressed the Company’s commitment to investing in critical midstream gas infrastructure such as the Obiafu-Obrikom-Oben (OB3) and the Ajaokuta-Kaduna-Kano gas pipelines to boost domestic gas production and supply for power generation, industrial development and economic prosperity of the country.

On Compressed Natural Gas (CNG), Kyari observed that NNPC has since keyed into the Presidential CNG drive, adding that in conjunction with partners such as NIPCO Gas, NNPC Ltd. has built a number of CNG stations, 12 of which will be commissioned on Thursday in Lagos and Abuja.

The opening ceremony of the NOG Energy Week also saw goodwill messages and keynotes presented by the Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais; Secretary General of the Gas Exporting Countries Forum (GECF), Engr. Mohamed Hamel; Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo; Special Adviser to the President on Energy, Ms. Olu Verheijen as well as the Chairman, Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa.

NNPC is the Principal Sponsor of 2024 NOG Energy Week Conference & Exhibition which has as its theme “showcasing opportunities, driving investment and meeting energy demand.”

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

DAWN Commission, AACC Sign MOU on Bilateral Trade, Investment

Mr. Seye Oyeleye, Director General, DAWN Commission; and Prince...

INEC Holds Final Stakeholders’ Meeting for Anambra Gov Election

L-R: Father Matthew Kukah, IGP Baba Alkali, INEC Chairman,...

Universal Insurance Targets N10bn Capital, Digitalisation to Drive Growth

L-R: Tope Adaramola, Executive Secretary, NCRIB; Ekeoma Ezeibe, Vice-President, NCRIB; Tunde...

Umaru Danbatta: In the Footstep of Exemplary Regulatory Regime

The exemplary regulatory regime at the Nigerian Communications Commission (NCC) has received a further boost with the recent appointment of Dr. Umaru Danbatta as the new Executive Vice-Chairman and Chief Executive of the NCC. Over the years, the regulatory performance of the NCC has endeared it to international and local telecom bodies, especially after the 2001 launch of GSM services in Nigeria. Danbatta, who holds a Doctorate Degree in Electronic Engineering, takes over from Eugene Juwah whose tenure expired on July 29, 2015.

‘Nigeria’s Rising Public Debt Worrisome’

Euler Hermes, the global leader in trade credit insurance...

Polaris Bank, Partners Support 16,000 Students to Reduce Out-of-School Children in Nigeria

Polaris Bank, in partnership with key stakeholders, has reaffirmed...

NDSF’24: Nnamani to Speak @Internet Governance for Development

The Chief Executive Officer (CEO) of the most interconnected...