The Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, Mele Kyari, on Tuesday restated his commitment to transparency and accountability in the affairs of the corporation.
He spoke while receiving members of the Nigerian Association of Petroleum Explorationists, NAPE, at his office in Abuja.
The visitors were led by the associations president, Mr. Ajibola Oyebamiji.
Kyari addressing them, said: “This management is focused on four things, and they are easily connected. We promised that we have to be transparent, and accountable to stakeholders.
“And we will drive this company to global excellence, through excellent performance.
“This is very possible and we have seen very significant indication that it is achievable.”
The NNPC boss also disclosed that considerable progress had been made in the ongoing exploration of inland basins, noting that the target of growing the nation’s reserve to 40 billion barrels by 2023 was realistic and achievable.
He explained that NNPC was firing up exploration activities in all the frontier basins to achieve the three million barrels per day crude oil production target.
He said the Corporation will invest more efforts and resources in the search for hydrocarbons in the frontier basins and the ultra-deep water basin in the Niger Delta.
He also assured that NNPC, would collaborate with other agencies of Government to create a favourable fiscal landscape for more foreign direct investment into the nation’s oil and gas industry.
Touching on its commercial activities, Kyari said NNPC would continue to meet its cash-call obligations to its Joint Venture partners on a sustainable basis to enable the international oil companies go back to exploration.
Earlier, Oyebamiji had congratulated Kyari on his appointment and assured him of the association’s support in growing the nation’s reserve base pointing out that the association and Corporation’s management shared the same vision.
