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Nigerian National Petroleum Corporation (NNPC) limited has announced its commitment to continue investing in developing significant oil and gas infrastructure to facilitate business operations for operators and potential investors in Nigeria.
This announcement was made by the Executive Vice President of Upstream, Mrs. Oritsemeyiwa Eyesan, at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, United States of America.
According to a statement by NNPC's Chief Corporate Communications Officer, Olufemi Soneye, Eyesan emphasized the company's objective of ensuring a balanced energy mix in the country during a panel session at a luncheon organized by the Petroleum Technology Association of Nigeria (PETAN) with the theme "Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)".
She acknowledged the progress made in opening up the sector for investments and infrastructural development since the previous year's OTC, despite funding challenges.
Additionally, she highlighted positive developments such as the Executive Orders signed by the President, impending resolution of assets divestment by International Oil Companies, and the ongoing gas infrastructure projects including the Obiafu-Obrikom-Oben (OB3) Gas Pipeline.
The Managing Director of SNEPCo, Engr. Elohor Aiboni, and the Managing Director of Chevron Nigeria Ltd, Mr. Jim Swartz, also clarified that their companies' divestment from onshore and shallow water assets was part of a global portfolio realignment and not an exit from Nigeria. Both companies reiterated their commitment to maintaining a presence in Nigeria.
