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The Nigerian National Petroleum Company Energy Services Limited (EnServ) and Schlumberger (SLB) signed a technical partnership agreement towards bolstering upstream operations. The agreement with Schlumberger is part of strategic reforms aimed at unlocking opportunities in Nigeria’s oil and gas industry.
The Nigerian National Petroleum Company Energy Services Limited (EnServ) and Schlumberger (SLB) signed a technical partnership agreement towards bolstering upstream operations. The agreement with Schlumberger is part of strategic reforms aimed at unlocking opportunities in Nigeria’s oil and gas industry.
The agreement is part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, stated Olufemi Soneye chief corporate Communications officer, NNPC Ltd. Speaking shortly after the signing, Group Chief Executive Officer of NNPC Ltd, Mele Kyari, described the ongoing reforms within the industry as a trigger for potential release of investments in the short term. Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term. The physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms by Nigerian President has put in place.
Highlighting the numerous benefits of the partnership, Kyari said it would lead to increased activity and more drilling campaigns that would add value to the two organisations. He revealed that NNPC was working on a rig share platform with a definite plan around well drilling activities and associated operations in the coming years, noting that this would increase crude oil production and support the ongoing plan to deepen gas utilization within the country. Kyari, who expressed confidence in the long-standing relationship between NNPC Ltd and Schlumberger (SLB), said the NNPC would leverage the assets within its control to accelerate the values that will come from this partnership.
The agreement was poised to accelerate the achievement of Nigeria’s exploration and production targets, which will foster Nigeria’s economic growth and prosperity. Schlumberger is here to celebrate the strategic partnership that we signed with EnServ as a technical partner. This agreement is geared towards unlocking the capacities of EnServ for Nigeria, which potentially will help NNPC Ltd achieve its exploration and production targets and use this technical partnership as a springboard to accelerate the vision that the industry needs, Olivier Le Peuch the CEO of SLB.
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Schlumberger as a company has been on the shores of Nigeria for 70 years and Schlumberger will remain committed to investing in local talents and building capacity through technology and performance, stated Le Peuch.
