NNPC, Schlumberger sign agreement to boost upstream operations

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NNPC Ltd says the agreement with Schlumberger is part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry.

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Speaking shortly after the signing, Group Chief Executive Officer of NNPC Ltd, Mele Kyari, described the ongoing reforms within the industry as a trigger for potential release of investments in the short term. Highlighting the numerous benefits of the partnership, Mr Kyari said it would lead to increased activity and more drilling campaigns that will add value to the two organisations.

“We are counting on Schlumberger as our partners of 70 years. We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country,” he said. “We look forward to using this technical partnership as a springboard to accelerate the vision that the industry needs,” he said.He noted that as a company that has been on the shores of Nigeria for 70 years, Schlumberger remains committed to investing in local talents and building capacity through technology and performance.

 

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