By Emeka Ugwuanyi
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kolo Kyari, said the national oil company has begun to deepen activities in Nigeria’s frontier basins in search of more oil and gas.
Speaking at the ongoing Nigeria International Energy Summit 2023 (N.I.E.S 2023) in Abuja, Kyari stated that the Kolmani oil discovery and recent spudding of the Ebenyi-A well in Nasarawa State, which is expected to yield positive result were as a result as well deepening activities in the frontier basins.
“In addition to our existing upstream activities, we are also deepening exploration activities of the nation’s frontier basins using the best industry standards and technologies which is already yielding results such as the Kolmani discovery, and we are hopeful that the recent spud-in of the EBENYI – A in Nasarawa State will yield positive result as well,” Kyari said.
N.I.E.S 2023 theme is “Global perspectives for a sustainable energy future.”
The NNPCL chief said: “The 6th Nigeria International Energy Summit aptly themed “Global perspectives for a sustainable future,” captures that the world today has recognized the need for ensuring sustainability in the energy landscape which is in line with the current realities and as key players in the energy sector, our mandate of providing energy for our county still remains a priority.
“In order to achieve that, NNPC is poised to reliably deliver energy to our stakeholders, through efficient utilization of hydrocarbons and other new energy sources which our country is blessed with. You will agree with me that sustained energy sufficiency directly enables economic growth and development as can be seen in the history of the developed countries. This is why we are focused on efficiently producing energy while minimizing the effect on the environment.”
He reiterated that oil and gas remains a significant component of energy the global energy mix, therefore, we are unlocking more opportunities across both the oil and gas value chain spanning from supply and infrastructure to the markets.
To this, he said the NNPC Limited is actively supporting the Federal Government towards the realization of key initiatives such as the Decade of Gas and the National Gas Expansion Programme (NGEP) which seek to deepen natural gas utilization as an alternative transportation fuel, virtual gas supply to off-pipeline grid gas customers and gas utilization as feedstock for the development of gas-based industries. This is evident in the definite actions taken to utilize CNG and LNG to power vehicles, buildings and power plants, he added.
“NNPC Limited is also investing heavily in critical gas infrastructure such as the Ajaokuta-Abuja-Kano (AKK) gas pipeline and the OB3 gas interconnector to support 5 Bscf/d of domestic gas utilization including 5 gigawatts (GW) of power generation capacity by developing power plant projects along the AKK pipeline corridor and across the country to complement the existing ones.
“For the gas export market, the ongoing NLNG Train 7 will expand Nigeria’s LNG production capacity to about 30 million tons per annum (30 MTPA). This is in addition to the planned Nigerian Morocco and the Trans Sahara Gas Pipeline projects which will supply gas to sub-regional African countries and subsequently Europe.
“The 6th edition of the Nigeria International Energy Summit has provided us all with a platform to tell our story and engage further based on our unique landscape and strengths which will eventually contribute to form part of the global narrative. NNPC will continue to leverage our partnerships with the Industry, Government, Research Institutions and the Academia to ensure energy security and sustainability.”
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