NNPCL Seeks Foreign Investors’ Support For 200 Underdeveloped Oil Wells

The Nigerian National Petroleum Company Limited (NNPC Ltd) is seeking planetary investors’ knowing to transmission their funds to Nigeria and pat into the immense opportunities successful the nation’s vigor sector.

The radical main enforcement serviceman of NNPC Ltd, Engr. Bashir Bayo Ojulari made the telephone portion fielding questions from NBC’s Hala Gorani during the Energy

Talk conception of the Gastech Exhibition & Conference, presently taking spot successful Milan, Italy.

Ojulari, said that isolated from gas, the existing crude lipid assets had immense untapped reservoirs for investors to pat into towards boosting accumulation from the existent 1.7million barrels per day, too implicit 200 lipid fields that are presently undeveloped.

The GCEO, who commended President Bola Ahmed Tinubu for improving Nigeria’s concern clime and positioning the state arsenic the preferred concern destination for the vigor assemblage successful Africa, stressed that the caller NNPC Ltd Management was  keen connected attaining its acceptable targets toward delivering worth to its shareholders.

According to him, portion a fig of investors were already coming into the state with gas-based industries specified arsenic petrochemicals and methanol plants, much investments were required to physique infrastructure to enactment the national government’s aspiration to powerfulness the nation’s proscription assemblage with Compressed Natural Gas (CNG).

On measures being taken to marque Nigeria an investors’ haven, the GCEO said NNPC Ltd was investing heavy successful c seizure projects arsenic good arsenic exertion to heighten vigor ratio and trim state flaring successful compliance with the objectives of financing partners.

He said that a fig of captious state infrastructure projects successful the country, specified arsenic the Ajaokuta-Kaduna-Kano (AKK) Gas pipeline, are successful their precocious stages, portion the NLNG Train 7 Project is besides being progressed.

He noted that Nigeria’s vigor modulation strategy was  focused connected eradicating vigor poorness which requires tremendous investments successful state arsenic the substance of prime for industrialization arsenic good arsenic Liquefied Petroleum Gas (LPG) arsenic home cooking state for the implicit six cardinal Africans who deficiency entree to cleanable energy.

Attended by implicit 50,000 professionals and much than 1,000 exhibitors from 150 Countries, Gastech is simply a starring yearly state league wherever planetary vigor leaders sermon developments that impact the aboriginal of the vigor industry.