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NNPC unveils roadmap for Nigeria's energy

State-run oil company, the Nigerian National Petroleum Corporation (NNPC) Limited, under the leadership of its Group Chief Executive Officer, Mele Kyari has stressed the need for collaborative efforts in repositioning the oil and gas industry, adding that future energy dynamics requires a collective effort and a shared commitment to sustainable practices.

He noted that the NNPC was committed to addressing cost barriers in the adoption of clean energy, particularly in regions with limited economic resources for a sustainable energy future.

Kyari was represented by EVP Upstream, Oristsemeyiwa Eyesan, at the Nigerian Association of Petroleum Explorationist - NAPE's 41st Annual Conference which had as  the theme: "Repositioning the Oil and Gas Industry for future energy dynamics."

He reiterated NNPC's commitment to sustainable development and innovation. The CEO acknowledged the challenges facing the industry and emphasised the need for adaptability and leadership in the evolving energy terrain.

"As explorationists, we play a pivotal role in shaping the future of the oil industry. Repositioning the oil and gas industry for future energy dynamics requires a collective effort, collaboration, and a shared commitment to sustainable practices," he said.

Kyari addressed the limitations of current renewable technologies, emphasising the need to tackle challenges such as intermittency, predictability, and reliability.

He underscored the dynamic nature of energy sources and called for a balanced, complementary energy portfolio. "Recognizing this as a dynamic energy company brings us to the conclusion that all these energy sources are meant to complement one another and not compete," he  added.

Concerning innovation and technology, Kyari stressed NNPC's commitment to harnessing advancements, adding that from digitisation to artificial intelligence and robotics, unprecedented progress lay ahead in the energy sector.

Hon. O.E. Ekpo, Minister of State for Petroleum Resources (Gas), hailed NAPE's efforts and President Bola Tinubu's dedication to sustaining the industry. Engr. Simbi Wabote, the Executive Secretary of NCDMB, stressed collaboration, while CEO of SEPLAT, Mr. Roger Brown, urged industry-wide efficiency and integration. The MD of SNEPCO, Mrs. Elohor Aiboni, applauded NAPE's success and addressed Nigeria's energy vulnerability.