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GMD reiterates commitment to Transparency in NNPC operations

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC)  Malam Mele Kyari has reiterated his commitment  to ensuring transparency  and accountability in the operations of the corporation.

Mallam Kyari gave the assurance when the Nigerian Association of Petroleum Explorations (NAPE) led by its president, Mr Ajibola Oyebamiji, visited him in Abuja.

“This management is focused on four things, and they are easily connected. And we will drive this company to global excellence, through excellent performance’’

Mr Kyari also revealed that significant progress had been made in the ongoing exploration of inland basins, adding that the target of growing the nation’s reserve to 40billion barrels by 2023 was realistic and achievable.

He explained that NNPC was revving up exploration activities in all the frontier basins to achieve the 3 million barrels per day crude oil production target, within the shortest possible time.

According to him, the national oil company would invest more efforts and resources in the search for hydrocarbons in the frontier basins and the ultra-deep water basin in the Niger Delta in order to grow the nation’s reserve base.

On its commercial activities, the GMD  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, Mr Oyebamiji, congratulated Mr Kyari on his appointment and assured him of the association’s support in growing the nation’s reserve base.

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