• July 15, 2024

NNPC declares state of emergency on crude oil production in Nigeria

 NNPC declares state of emergency on crude oil production in Nigeria

By our Reporter

The Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency regarding crude oil production in Nigeria.

The Group Chief Executive Officer of the NNPCL, Mele Kyari, made this known on Tuesday, July 2, 2024, at the inaugural event of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition (NOG Energy Week).

He said the company is in possession of the right tools to combat the factors working against oil production in Nigeria and would work with all partners and stakeholders in ensuring the battle is won.

He disclosed that a detailed analysis of assets revealed that Nigeria could conveniently produce two million barrels of crude oil per day without deploying new rigs but identified the major impediment to achieving this as the inability of players to act in a timely manner.

“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,” he said.

The “war” will help NNPCL 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,” Kyari said.

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