NEWS

Nigeria Seeks Investors To Unlock 10bbls Deep-offshore Resources  

GMD NNPC, Dr. Maikanti Baru

Nigeria’s efforts to increase her crude oil reserve was taken a notch higher Wednesday with the unveiling of multi-billion dollar investment opportunities in the nation’s deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom.

Delivering an address at the panel session entitled: Spotlight on Africa”, Group Managing Director of the NNPC Dr. Maikanti Baru said that globally Nigeria has the highest untapped deep water resource of about 10 billion barrels of oil equivalent, in addition to other vast opportunities in the oil and gas value chain.

Represented by the Group General Manager Corporate Planning & Strategy of the NNPC,  Mr Bala Wunti, the GMD explained that Nigeria has the largest and one of the most vibrant economies in  Africa with lots of potentials, especially in the gas, refining and infrastructure space.
“I invite you all to a country that has massive opportunities, very good business climate and good returns on investment. Our resilience has been tested, we have been through the booms and bursts and we came out stronger. With our experience, geographical location and capacity, Nigeria is the country of now and the future”, Dr. Baru said.

He further explained that NNPC has a clear strategy for harnessing these potentials through collaboration and building robust partnerships as entrenched in the Corporation’s 12 Business Focus Areas being aggressively driven by its Leadership.

The World Energy Capital Assembly, is a leading gathering of energy executives, finance and investment professionals to discuss emerging and re-emerging energy investment opportunities, review deals done and chart an outlook of energy related activities across the globe.

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