Kyari Calls on Nigeria’s Oil Industry to Adapt to Changing Energy Landscape

By NGOZI ONYEAKUSI The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil
and gas industry to adapt, evolve and lead in the ever-changing global energy
landscape.
Kyari gave this charge while delivering an Industry address at the opening
ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE)
Conference taking place in Lagos, on Tuesday.
The GCEO, who was represented by NNPC Ltd’s Executive Vice President,
Upstream, Oritsemeyiwa Eyesan underscored the pivotal role of oil and gas
exploration in shaping the future of the oil industry, emphasized the need for
dedication, expertise and pursuit of knowledge in the quest to unlock new
frontiers and push technological and economic boundaries within the industry.
Reiterating NNPC Ltd’s commitment, Kyari emphasized the company’s
dedication to embracing exploration, developing renewables, fostering
innovation, adopting emerging technologies, and implementing portfolio
management as key drivers of success in the evolving energy landscape. He
expressed optimism that the NAPE Conference would yield solutions and
positively impact the nation’s economic landscape.
While acknowledging the global shift towards renewable energy, the GCEO
pointed out challenges such as intermittency, predictability, and reliability due to
geological constraints.
He further highlighted the absence of a perfect energy source and advocated for
a diversified energy portfolio that leverages innovation and technology to harness
the strengths of different energy sources.
The NAPE Conference is an annual convergence of geologists and industry
professionals engaged in oil and gas exploration and production. This year’s
edition has as its theme “Repositioning the Oil & Gas Industry for Future
Dynamics,” and seeks to advance the study and application of geosciences for the
benefit of stakeholders.