ICYMI: NNPC declares state of emergency on oil production

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production.    It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves.

Afinju FM
1 Min Read


Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition Week in Abuja.

According to him, a detailed analysis of assets revealed that Nigeria could conveniently produce two million barrels of crude oil per day without deploying new rigs.

Still, the major impediment to achieving this is the inability of players to act in a timely manner.

He added that the war will help NNPCL and its partners to speedily clear all identified obstacles to effective and efficient production, such as delays in procurement processes, which have become a challenge in the industry.

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