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NNPC, Shell To Expedite Deep-water Projects To Grow Reserves

L-R: Vice President of Shell, Nigeria and Gabon, Mr. Peter Costello, Managing Director of SPDC and Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor; and in a meeting with NNPC GMD, Mr Mele Kyari in Abuja, Tuesday

The Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow existing business relationship aimed at increasing Nigeria’s crude oil reserves.

Welcoming the high level Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the NNPC Towers, Abuja, the Corporations Group Managing Director, Mr Mele Kyari, acknowledged Shell as its oldest and biggest partner in upstream operations, noting that an enhanced relationship would benefit the industry.

He said that NNPC would work with Shell to expedite action on some crucial deepwater projects for the purpose of growing The nations crude reserve.

Kyari added that he would also create an enabling environment to entrench the ideals of transparency and enduring governance framework for the industry.

Earlier, speaking on behalf of the Shell delegation, Osagie Okunbor, Managing Director of SPDC and Chairman of Shell Companies in Nigeria, congratulated the Kyari on his appointment while expressing confidence in his ability to steer the industry to enviable height.

Okunbor said Shell was in sync with Kyari’s vision and growth trajectory for the industry as laid out in his blueprint, noting with interest the push towards renewed transparency and openness.

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