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Baru Reinstate Commitment To Expanding Oil, Gas Reserves

…Positions IDSL as hub for geophysical services

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, on Wednesday promise to improve reserves and production capacity of the Corporation’s Exploration & Production subsidiary, the Nigerian Petroleum Development Company (NPDC).

The GMD described NPDC as showing a “conspicuously excellent growth in its proven reserves,” and emphasized the need to expand the company’s footprints within the nation’s upstream sub-sector of the nation’s oil and gas industry.

Dr. Baru stated this during a courtesy call on the Governor of Edo State, Mr. Godwin Obaseki at the Government House in Benin City, Wednesday.

Speaking during the meeting, Dr. Baru said, “As part of our 12 Business Focus Areas, we are dedicated to growing NPDC thereby increasing our reserves portfolio. We will not relent until NPDC exceeds its current position of being the 7th largest oil producer in Nigeria.

According to a press statement signed by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu, the GMD stated that, the NNPC under his watch would aggressively explore opportunities in other petroleum acreages in Nigeria, with particular interest in the Gulf of Guinea.

According to him, NNPC was also working hard to improve the port-folio of services rendered to the oil industry by its second Edo-based upstream outfit -the Integrated Data Services Company (IDSL) it is rendering to the oil industry.

 

“The long term objective is for IDSL to be on its own so as to actualize its vision of becoming the ultimate center for the provision of Geophysical and Petroleum Engineering Services in the Oil and Gas Industry,” the GMD added.

Commending Edo state for its contribution to the production of crude oil, he noted that the State remains relatively peaceful with least incidents of pipeline vandalism and sabotage compared to other areas in the Niger Delta.

This post was syndicated from Nigerian News from Leadership News. Click here to read the full text on the original website.

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