The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has wooed potential investors to take advantages of the of the opportunities that abound in Nigeria’s oil and gas industry
Mallam Kyari said this at the ongoing Nigerian Oil and Gas Opportunity Fair (NOGOF 2021) titled “Leveraging Opportunities & Synergies For Post Pandemic Recovery Of The Nigerian Oil & Gas Industry”.
The GMD said, “I believe synergies could be created between the NNPC and potential investors, towards assured value creation and a guaranteed fair share of Return on Investment (Rol).
“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 and power infrastructure development, there are opportunities in expanding our gas pipeline networks, development of gas-based industries, as well as the Integrated Power Plants (IPPs).
“In line with our aspiration towards becoming net exporter of petroleum products, opportunities abound in the rehabilitation of our existing refineries, as well as the construction of Greenfield condensate refineries. As we strive to deepen domestic gas utilization, 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.
“Finally, let me, once again, re-assure you that, at NNPC, 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 even greater height” Kyari said.
Nigerian Oil & Gas Opportunity Fair (NOGOF) brings together major players across the Upstream, Midstream and Downstream sectors of the Nigerian Oil and Gas industry including Government Agencies, Industry regulators and the National Assembly to showcase Opportunities in the Nigerian Oil and Gas industry and present available in-country capacity.
