Business

NNPC Declares Emergency to Combat Oil Production Challenges

The Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency to tackle the critical issues affecting crude oil production in Nigeria.
On Tuesday, during the 23rd Nigeria Oil and Gas Conference and Exhibition (NOG Energy Week), Mele Kyari, Group Chief Executive Officer of NNPCL, announced this decisive action. “We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production,” Kyari stated firmly.
Kyari detailed that the company possesses the necessary tools and strategies to address these challenges effectively. “War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation,” he emphasized.
A comprehensive analysis of NNPCL’s assets has shown that Nigeria can produce two million barrels of crude oil per day without the need for new rigs. However, the main obstacle to achieving this goal has been the industry’s sluggish response to challenges.
Kyari assured that NNPCL, along with its partners, is committed to swiftly removing all identified barriers to efficient production, such as delays in procurement processes. This “war” is aimed at ensuring effective and timely production, ultimately benefiting the industry and the nation.
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