NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED DECLARES STATE OF EMERGENCY ON CRUDE OIL PRODUCTION.

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on crude oil production, adding that the move is geared towards increasing Nigeria’s oil production and growing its reserves.

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, on Tuesday.

According to Kyari, the NNPCL declared war on the challenges affecting crude oil production in Nigeria, adding that it has the right tools to prosecute the war and would also work with its partners to improve the situation.
Kyari’s detailed analysis of assets revealed that Nigeria could conveniently produce two million barrels of crude oil per day without deploying new rigs.

He further stated 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.