Kyari, who spoke at the opening ceremony of the 2024 Nigerian Oil Gas Energy Week in Abuja on Tuesday, said very little effort is all that was needed to increase production.
“We went down in our production of both oil and gas, nowhere near our capacity or our capability. We can blame anything, oil theft, integrity, divestments and so on and so forth. But the bottom line is that what we did very recently is to take just a deep breath and look at where we are? And when we look at the data for our production by asset, in the last three months, we discovered that we are actually at two million barrels per day. That means we are unable to sustain it.
Kyari who declared a state of emergency in oil production said: “And we have declared a war. War means war. We have the right troops.We know what to fight. We know what we have to do at the level of assets. And we have engaged our partners. Any partner that doesn’t do what it should do, we will get it done. This is our new way of doing things.
“For us as a company, we are moving to another level and very soon we are going to cap the cost of production. If you like you can call your wife to do the contracting, no problem provided you produce the oil at $20 or so”, he told the operators.