[PROMOTED] NNPC Limited: Production output rising, key element in place to sustain current trajectory | TheCable
The Bayelsa state capital Yenagoa was agog with Captains of the Nigerian Oil and Gas Industry for the fourth edition of the Nigerian Oil and Gas Opportunity Fair. NNPC Limited was well represented at the event, with Group Chief Executive Officer Mallam Mele Kyari OFR in attendance to deliver a resounding Industry Address urging partners to be deliberate about growing our gas footprint, while reminding the audience of the connection between energy availability and economic prosperity.
Mr Wunti dwelled on the successes recorded in the last twelve months as a panacea for growth and unlocking opportunities in the Nigerian Upstream Oil and Gas Industry.
Under the guidance of forward-thinking leadership and a series of strategic initiatives, NNPC Ltd. leveraged its financial autonomy derived from the PIA to work out and execute a payment plan for the cash call debt while balancing its energy security obligations to the nation. As designed and operationalised, the architecture comprises Government Security and Intelligence Agencies supported by Private Security Contractors drawn from the Host Communities with vast knowledge of the terrains and the Communities.
In rounding up his remarks at the opportunity session, Mr Wunti stated that the drive to broaden local content and develop capacity in the upstream industry is non-negotiable. He urged all stakeholders not to relent as the opportunities abound, and many more are lined up with an expected uptake in drilling activities, demand for line pipes, and consumables essential for growing production output.
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