NNPC, Shell mull oil reserves increase, closer ties
Nigerian National Petroleum Corporation (NNPC), and its joint venture partner, Shell Petroleum Development Company (SPDC), have expressed commitment to grow existing business relationship aimed at increasing the nation’s crude oil reserves.
This was disclosed during a courtesy visit by Shell led by its Vice-President, Shell Nigeria and Gabon, Peter Costello, to NNPC Group Managing Director, Mele Kyari, in Abuja, as the partners stressed the need to boost the age long relationship between the oil firms.
Kyari, who acknowledged the role of Shell in the upstream operations, said the Corporation would continue to enhance the relationship for the benefit of the industry.
He said NNPC will work with Shell to expedite action on some crucial deepwater projects, and create 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 SPDC and Chairman of Shell Companies in Nigeria, Osagie Okunbor, congratulated Kyari on his appointment, while expressing confidence in his ability to steer the industry to enviable height.
Okunbor said Shell was in sync with Kyari’s vision and growth trajectory for the industry as laid out in his blueprint.
He noted with interest the push towards renewed transparency and openness, saying the essence of the visit was to “underline our unflinching support for you and your team.”
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