The Nation Newspaper Fed Govt, PETAN unite for oil, gas sector growth
The Minister of State for Petroleum Resources , Heineken Lokpobiri has said that the federal government will collaborate with the Petroleum Technology Association of Nigeria in efforts to increasea’s oil production and revenue. The minister gave the assurance when he visited members of the PETAN in Lagos.
“No country leaves their well idle, in Nigeria so many seismic activities have been done and we have a lot of oil wells that are yet to be utilized. Imagine one of the OML’s has about 150 idle wells, there is no way we can increase production if these wells continue to be idle. The wells are already drilled and capped since 1970s; these are low-hanging fruits,” the minister said.
He also pointed out that the essence of the Local Content law was to enable Nigerians to build strong capacity to be able to play side by side with their international counterparts.
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