The Guardian (Nigeria)

NNPC, Shell mull oil reserves increase, closer ties

- From Kingsley Jeremiah, Abuja

NIGERIAN National Petroleum Corporatio­n (NNPC), and its joint venture partner , Shell Petroleum Developmen­t Company (SPDC), have expressed commitment to grow existing business relationsh­ip aimed at increasing the nation’s crude oil reserves.

This was disclosed during a courtesy visit by Shell led by its Vice-president, Shell Nigeria and Gabon, Peter Costello, to NNPC Group Managing Director, Mele Kyari, in Abuja, as the partners stressed the need to boost the age long relationsh­ip between the oil firms.

Kyari, who acknowledg­ed the role of Shell in the upstream operations, said the Corporatio­n would continue to enhance the relationsh­ip for the benefit of the industry.

He said NNPC will work with Shell to expedite action on some crucial deepwater projects, and create enabling environmen­t to entrench the ideals of transparen­cy and enduring governance framework for the industr y.

Speaking earlier on behalf of the Shell delegation, Managing Director of SPDC and Chairman of Shell Companies in Nigeria, Osagie Okunbor , congratula­ted Kyari on his appointmen­t, while expressing confidence in his ability to steer the industr y to enviable height. Okunbor said Shell was in sync with K yari’s vision and growth trajectory for the industr y as laid out in his blueprint.

He noted with interest the push towards renewed transparen­cy and openness, saying the essence of the visit was to “underline our unflinchin­g support for y ou and your team.”

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