The Nigerian National Petroleum Company Limited (NNPC Ltd) on Tuesday declared a state of emergency on Nigeria’s crude oil production.
The Group Chief Executive Officer of NNPC Ltd, Mele Kyari, made the declaration while speaking at the on-going 2024 Nigeria Oil and Gas (NOG) Energy Week in Abuja.
Mr Kyari said the move is directed towards increasing Nigeria’s crude oil production and growing its reserves.
He said that the company has declared war against factors militating against crude oil production in the country, promising a robust future henceforth.
According to Kyari, “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 stated that a detailed analysis of the corporation’s 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 on 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 stressed.
He added that 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.
