NOGOF 2021: NNPC Outlines Opportunities in Nigeria’s Oil, Gas Industry
By Ndubuisi Micheal Obineme
The Nigerian National Corporation (NNPC) has outlined some of the key areas of investment opportunities in Nigeria’s oil, gas, and other key sectors of the economy.
The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari revealed this during his goodwill message at the virtual 2021 Nigerian Oil and Gas Opportunity Fair (NOGOF).
Kyari commended the Management and leadership of the NCDMB for its noble and conscious effort at projecting industry opportunities to stakeholders and potential investors.
He explained that despite the negative impact of the COVID-19 pandemic in the global economy, the Nigerian oil and gas industry is replete with opportunities from the upstream, midstream, downstream and services sectors.
He called on potential investors to explore these opportunities and synergies with the nation’s oil & gas industry towards a post-pandemic recovery.
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 our Gas Pipeline networks, development of Gas based industries as well as the Integrated Power Plants.
“In line with our aspiration towards becoming a net exporter of petroleum products, opportunities abound in the rehabilitation of our existing refineries as well as the construction of greenfield condensate refineries.
“There are 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.
“We are ready to collaborate with investors towards turning opportunities into real value, for the benefit of all, and especially towards taking our industry to greater heights.
“I am optimistic that this conference will further foster institutional collaborations, maximise the participation of Nigerians in oil and gas activities, link the 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 added.
