NNPC Set To Increase Oil, Gas Reserves

Related stories

Ribadu, CDS Reel Out Laudable Achievements In Addressing Insecurity

The National Security Adviser to the President, Malam Nuhu...

Drama as Senate Insist NNPCL’s led Ojulari Must Explain N210 Trillion Audit Discrepancies

By Hamilton Nwosu  The Nigerian Senate’s Public Accounts Committee has...

2027: SGF Akume Begs Atiku, Kwankwaso, Other Northerners to Defer Ambitions Until 2031

By Hamilton Nwosu Senator George Akume, the Secretary to the...

Egypt’s Growing LNG Imports Could Reshape Global Markets

Egypt turned from a net LNG exporter to a...

Thailand accuses Cambodia of violating hours-old ceasefire

Thailand has accused Cambodia of "deliberately" violating a ceasefire...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has pledged to improve reserves and production capacity of the Nigerian Petroleum Development Company (NPDC).

Baru who made the pledge through a statement by the NNPC Group Managing Director, Group Public Affairs Division Mr Ndu Ughamadu, in Abuja on Thursday, described NPDC, which is the corporation’s exploration and production subsidiary, as showing a conspicuously excellent growth in its proven reserves.

He told Governor Godwin Obaseki during a courtesy visit in Benin, that he would expand NPDC footprints within the nation’s upstream sub-sector of the nation’s oil and gas industry.

“As part of our 12 Business Focus Areas, we are dedicated to growing NPDC, thereby increasing our reserves portfolio. We will not relent until NPDC exceeds its current position of being the 7th largest oil producer in Nigeria”.

Baru explained that NNPC would aggressively explore opportunities in other petroleum acreages in Nigeria and with a particular interest in the Gulf of Guinea to achieve this.’

According to him, NNPC is working hard to improve the portfolio of services rendered to the oil industry by its second Edo-based upstream outfit – the Integrated Data Services Company (IDSL).

“The long-term objective is for IDSL to be on its own so as to actualize its vision of becoming the ultimate centre for the provision of geophysical and petroleum engineering services in the industry,” he said.

Applauding  the state for remaining “relatively peaceful’’ with least incidents of pipeline vandalism and sabotage, compared to other areas in the Niger Delta, Baru assured Obaseki that the corporation would redouble its community engagement by championing more corporate social responsibility efforts within host communities in Edo.

Governor Obaseki, who described NNPC as “very important to Edo State‘s economy”, also pledged to make the state a hub for the corporation.

He said the government was working hard to improve on its local security plans by encouraging community policing and intelligence gathering to safeguard oil and gas facilities in the state.

Baru also paid homage to the Oba of Benin, Oba Ewuare, where he sought for the monarch’s support in the area of sensitising host communities to the advantages of protecting the nation’s oil and gas assets.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Ribadu, CDS Reel Out Laudable Achievements In Addressing InsecurityDrama as Senate Insist NNPCL's led Ojulari Must Explain N210 Trillion Audit Discrepancies2027: SGF Akume Begs Atiku, Kwankwaso, Other Northerners to Defer Ambitions Until 2031Egypt’s Growing LNG Imports Could Reshape Global MarketsThailand accuses Cambodia of violating hours-old ceasefire(VIDEO) Anxities as Ghanaians Ask Nigerians to leave Ghana in Viral VideoPeter Obi Warns, Says FG's Borrowing 'll Mortgage Nigerians future, debt Nearing ₦200 TrillionTinubu’s $3m Cash Reward to Super Falcons is Profligacy By Yemi AdebowaleArtificial Intelligence and God’s Plan for Humanity: A Case for Hope, Progress, and PurposeWhen Will This Call to Service End? By Johnson Babalola(VIDEO) Why I Didn’t Watch WAFCON Final– Tinubu Reveals God says, let there be movement, Nigeria Police says no! By Owei LakemfaOil Prices Climb as U.S. and EU Reach Historic Tariff AgreementBreaking! Tinubu Bestows National Honours on Super FalconsEkiti Guber: Fayose Backs Oyebanji, As Ekiti topshots throw Weight Behind State Governor's Re-Election 
X whatsapp