Stakeholders have rallied support for investment and innovation in Africa’s oil and gas sector at the 24th Edition of Nigeria Oil and Gas Week in Abuja.
This comes as the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said that reforms in Nigeria’s oil and gas sector have started yielding results.
According to him, Nigeria is currently producing 1.745 million barrels of crude oil per day (bpd), aiming to hit two million bpd by the end of 2025.
“We can succeed when we work together to be strong enough to deliver,” he stated.
On his part, the Chief Operating Officer of Western Development Company Nigeria Ltd. (WDCL), Obinna Okoroigwe, in his remarks on Monday, reaffirmed his company’s commitment to driving investment and innovation opportunities in Africa’s oil and gas sector.
Okoroigwe urged stakeholders in the country’s oil and gas industry to prioritise investment in indigenous companies.
Similarly, expert manager Rolon Seals and Jonathan Praveen harped on the role of partnership for the development of Nigeria’s oil industry.
This year’s NOG Energy is themed ‘Accelerating Global Energy Progress through Investment, Partnerships, and Innovation.’
