Mallam Mele Kyari, NNPC, GMD
-By Felix Douglas
Delivering his goodwill message at the Nigerian Oil & Gas Opportunity Fair (NOGOF 2021) themed ‘Leveraging Opportunities & Synergies for Post Pandemic Recovery of The Nigerian Oil & Gas Industry’ which was organized by the Nigerian Content Development and Monitoring Board (NCDMB), the Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), commended the Board for its noble and conscious efforts at projecting Industry opportunities before the industry esteemed stakeholders, especially investors.
The GMD reiterated NNPC’s unflinching support and full alignment with the NCDMB in its quest to engage Industry professionals towards achieving its primary mandate of building and supporting the development of local capacities and capabilities in the Nigerian oil and gas industry.
In his words, “You will agree with me that for an industry that has been ravaged and disrupted by the impact of the dreaded COVID19 pandemic, the Oil & Gas Industry will benefit from this veritable platform where heart-to-heart, constructive discussions on recovery and the way forward will be highlighted.
“I am optimistic that this conference will further foster institutional collaborations, maximise participation of Nigerians in oil and gas activities, link oil and gas sector to other sectors of the economy, and maximise utilisation of Nigerian resources for the benefit of Nigerians and other stakeholders.”
Kyari was of the view that there is no gain saying the fact that Nigeria’s Oil & Gas Industry is replete with opportunities. From the upstream, midstream to the downstream and even to the services sectors, opportunities abound for potential investors to come in – in line with today’s theme – create synergies towards post pandemic recovery of the nation’s Oil & Gas Industry.
The GMD pointed out in his goodwill message that it will not be fair to bog stakeholders down with the numerous Investment opportunities that abound in the country’s Oil & Gas Industry.
Kyari was optimistic that the NCDMB will take the bull by the horn to fix the industry.
However, the NNPC helmsman shared some of the areas where he believed synergies could be created between the NNPC and potential investors, towards assured value creation and a guaranteed fair share of Return on Investment (RoI).
At first, he said In the Upstream, opportunities abound in the area of exploration of frontier basins, the development of upstream gas fields and the financing of greenfield/brownfield additional production on de-risked assets. In Gas & Power infrastructure development, there are opportunities in expanding the country’s gas pipeline networks, development of Gas based industries as well as the Integrated Power Plants.
He said in line with its aspiration towards becoming net exporter of petroleum products, opportunities abound in the rehabilitation of Nigeria’s existing refineries as well as the construction of greenfield condensate refineries.
“As we strive to deepen domestic gas utiliisation, it has created more opportunities in the downstream sector especially in LPG and CNG plants across the country. There are also opportunities in the pipeline and storage tank construction; as well as developing Shipping Capacity.
“In the Ventures & Business Development, we are ready to partner investors in the development of multi-specialist hospitals to strengthen healthcare service availability and support telecommunication infrastructure availability.”
Kyari re-assured that at NNPC, the corporation is ready to collaborate with investors towards turning opportunities into real value, for the benefit of all, and especially towards taking the Industry to even greater heights.
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