NNPC partners Schlumberger, eyes more oil drilling
The NNPC Energy Services Limited (EnServ), a subsidiary of the Nigerian National Petroleum Company, has signed a technical partnership agreement with Schlumberger (SLB), a global technology company, in a bid to bolster upstream operations including drilling campaigns.
The agreement was signed at the NNPC Ltd’s Corporate Headquarters in Abuja on Thursday, according to a statement.
Speaking shortly after the signing, Group Chief Executive Officer of NNPC Ltd, Mr. 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. Our physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms Mr. President has put in place; and ultimately, we are already seeing substantial energy going into unlocking opportunities of today,” Kyari said.
Kyari said the partnership would lead to increased activity and more drilling campaigns that will 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, which, he further explained, would increase crude oil production and support the ongoing plan to deepen gas utilisation within the country.
Kyari, who expressed confidence in the long-standing relationship between NNPC Ltd and Schlumberger, said the national oil company would leverage the assets within its control to accelerate the values that will come from this partnership.
“We are counting on Schlumberger as our partners for 70 years. We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country, “ he said.
Earlier in his remarks, the Chief Executive Officer of Schlumberger, Mr. Olivier Le Peuch, said the agreement was poised to accelerate the achievement of Nigeria’s exploration and production targets, which will foster Nigeria’s economic growth and prosperity.
“We are 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 to achieve its exploration and production targets. We look forward to using this technical partnership as a springboard to accelerate the vision that the industry needs,” Le Peuch added.
He noted that as a company that has been on the shores of Nigeria for 70 years, Schlumberger remains committed to investing in local talents and building capacity through technology and performance.
“We are pleased to be at the center of this transition and are in a position where we can bring our technical capability, technology, and capacity to the country so as to support the operations of NNPC Ltd,” he said.
