Petroleum sector reforms will trigger investments in short term, says NNPC boss

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Mele Kyari News

NNPC

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC Ltd), Mele Kyari, has described the ongoing reforms

The Group Chief Executive Officer of Nigerian National Petroleum Company , Mele Kyari, has described the ongoing reforms within the petroleum industry as a trigger for potential release of investments in the short term.The Group Chief Executive Officer of Nigerian National Petroleum Company , Mele Kyari, has described the ongoing reforms within the petroleum industry as a trigger for potential release of investments in the short term.

Highlighting the numerous benefits of the partnership, Kyari said it would lead to increase activity and more drilling campaigns that will add value to the two organisations. He revealed that NNPC was working on a rig share platform with a definite plan around well drilling activities and associated operations in the coming years.

Earlier, in his remarks, the Chief Executive Officer of Schlumberger, Olivier Le Peuch, said the agreement was poised to accelerate the achievement of Nigeria’s exploration and production targets, which will foster Nigeria’s economic growth and prosperity. About eight months after the Federal Government and Wema Bank launched the FGN/ALAT Digital Skillnovation Programme, the initiative is heralding a new era of digital empowerment and economic prosperity among the target audience – the Nigerian youth and Micro, Small and Medium Enterprises .

The Small and Medium Enterprises Development Agency of Nigeria and the Bank of Industry have signed a Memorandum of Agreem

 

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