By Tochukwu Bliss, Abuja
As part of strategic reforms aimed at unlocking opportunities in Nigeria’s oil and gas industry, the NNPC Energy Services Limited (EnServ), and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations.
The agreement was signed yesterday, at the NNPC Ltd’s Corporate Headquarters in Abuja, with senior management teams from both companies in attendance, according to a statement from its Chief Corporate Communications Officer, Olufemi Soneye.
Speaking shortly after the signing, the Group Chief Executive Officer, NNPC Ltd., Mele Kyari, described the ongoing reforms within the industry as a trigger for potential release of investments in the short term.
“Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term.
“Our physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms Mr. President has put in place; and ultimately, we are already seeing substantial energy going into unlocking opportunities of today,” Mr. Kyari was quoted as saying.
Highlighting the numerous benefits of the partnership, he said it would lead to increased 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, which would increase crude oil production and support the ongoing plan to deepen gas utilization within the country.
We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country.
Mr. Kyari, who expressed confidence in the long-standing relationship between the Company and Schlumberger, said NNPC would leverage the assets within its control to accelerate the values that will come from this partnership.
“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,” the GCEO noted.
Earlier in his remarks, the Chief Executive Officer, Schlumberger, Olivier Le Peuch, said the agreement is poised to accelerate the achievement of Nigeria’s exploration and production targets and foster economic growth and prosperity.
“We are here to celebrate the strategic partnership that we signed with EnServ as a technical partner. This agreement is geared towards unlocking the capacities of EnServ for Nigeria, which potentially will help NNPC Ltd to achieve its exploration and production targets. We look forward to using this technical partnership as a springboard to accelerate the vision that the industry needs,” Mr. Le Peuch added.
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.
“We are pleased to be at the center of this transition and are in a position where we can bring our technical capability, technology, and capacity to the country so as to support the operations of NNPC Ltd,” he concluded.
