NNPC, Shell to increase Nigeria’s Oil Reserves

By Kalu Kalu, Abuja.

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An offshore oil rig

The Nigerian National Petroleum Corporation NNPC and Shell Petroleum Development Company (SPDC) have expressed resolve to grow the existing business relationship between the two Organizations. This is aimed at increasing Nigeria’s crude oil reserves.

Welcoming the Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the NNPC Towers, Abuja, the Group Managing Director of the NNPC, Mallam Mele Kyari, acknowledged that Shell, being the oldest and biggest partner in upstream operations in Nigeria, would continue to enhance the relationship for the benefit of the industry.

He also said that NNPC would work with Shell to expedite action on some crucial Deepwater projects so as to create an enabling environment to entrench the ideals of transparency and enduring governance framework for the industry.

Speaking earlier on behalf of the Shell delegation, Managing Director of the SPDC and Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor congratulated the NNPC Group Managing Director on his appointment and expressed confidence in his ability to steer the industry to an enviable height.

His words: “the essence of the visit is to register Shell Management’s unflinching support for you and your team…”

Mr. Okunbor also said that Shell was in sync with Mr Kyari’s vision and growth trajectory for the industry as laid out in his blueprint.

Amaka E. Nliam