BY SAM OTUONYE
The Managing Director and Chief Executive Officer (MD/CEO) of Triumph Power and Gas Systems Limited, Mr Bolaji Ososami has disclosed his company’s strategic plans towards taking a fair slice of the federal government’s $17 billion investment opportunities in oil and gas sector.
The federal government through the Group Chief Executive Officer (GCEO) of Nigeria National Petroleum Company Limited (NNPCL), Mr Bayo Ojulari, on Tuesday disclosed that the federal government has secured a $17 billion funds to boost investment in oil and gas sector.
He said this at the ongoing Nigeria Oil and Gas (NOG) Week Conference going on in Abuja.
Ososami noted that his firm, Triumph Power and Gas Systems, was already ahead of the transaction as they had started building capacity in all spheres of their operations – human capital, equipment and partnerships. He added that it would equally help in achieving the 2.5 barrels per day oil production mandate handed down by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri.
The company which is wholly indigenous, with specialty in the production value chain of the sector, helping in the production oil and gas, including power generation equipment, gas turbines, gas engines and compressors, is also eyeing the exploration subsector, the CEO revealed.
Ososami also commended the government on the AKK gas line project that has crossed River Niger, stating that with the development, his company can put gas stations across the country, thereby improving the quality of life
of Nigerians.
He said that the unlocking of the $17 billion oil and gas investment the federal government has secured, the vision of ‘making energy great again’ will be achieved, as there would be availability, affordability and accessibility of energy.
