Author Increased Indigenous Participation in Oil Upstream Business is Encouraged  (Read 546 times)

Description: Efforts are being intensified to encourage indigenous participation in the upstream sector of the Nigerian oil and gas industry.

0 Members and 1 Guest are viewing this topic.

Offline Ade Omo Ade

  • Administrator
  • *****
  • Posts: 531
    • Share Post


This is in effort to guarantee national security and to ensure that Nigeria derives more benefits from the exploration of its hydrocarbon resources.
This declaration was made by NNPC’s Group Managing Director, Mr. Austen Oniwon, during a visit by a 23-man delegation of Faculty staff and top ranking military officers of the National Defence University of Pakistan to his office.
Oniwon said it was in line with this commitment that two oil wells from which Shell Petroleum Development Company recently divested were ceded to indigenous companies to manage.
He said developments around the globe dictated that nations encourage indigenous capacity in their upstream sector as international political developments might cause foreign upstream players to abandon their post, leaving an unprepared nation in a lurch.
“NNPC was poised to enhance its participation in the upstream sector through its E&P company, the Nigerian Petroleum Development Company, which target is to increase its production from its current 80,000 barrels per day to 250,000 per day in 2015″.


Linkback: http://naijasky.com/oil-and-gas/1716/increased-indigenous-participation-in-oil-upstream-business-is-encouraged/977/



Share via facebook Share via linkedin Share via twitter

 

Related Topics

  Subject / Started by Replies Last post
2 Replies
1133 Views
Last post April 29, 2012, 12:21:31 PM
by Success Writer
2 Replies
359 Views
Last post September 19, 2016, 07:25:56 AM
by Isaac Adeniran
0 Replies
233 Views
Last post January 29, 2017, 10:50:20 AM
by Isaac Adeniran

footer2

Download NaijaSky App for Android Phones


Naijasky.com | Copyright 2011-2017. All Rights Reserved.| Privacy Policy | Terms Of Use |

To advertise on NaijaSky call,text or whatsapp Wale 08033181698, 08099874073