May 26, 2024

Kyari urges oil, gas investors in Nigeria to embrace diversified energy portfolio amidst changing energy landscape

Rita Blessing

 

Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape.

Kyari gave this charge while delivering an Industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) Conference taking place in Lagos, on Tuesday.

 

The GCEO, who was represented by  Oritsemeyiwa Eyesan, NNPC Ltd’s Executive Vice President, Upstream, underscored the pivotal role of oil and gas exploration in shaping the future of the oil industry.

 

He further emphasized the need for dedication, expertise, and pursuit of knowledge in the quest to unlock new frontiers and push technological and economic boundaries within the industry.

 

Reiterating NNPC Ltd’s commitment, Kyari emphasized the company’s dedication to embracing exploration, developing renewables, fostering innovation, adopting emerging technologies, and implementing portfolio management as key drivers of success in the evolving energy landscape.

 

 

While acknowledging the global shift towards renewable energy, the GCEO pointed out challenges such as intermittency, predictability, and reliability due to geological constraints.

 

Kyari further highlighted the absence of a perfect energy source and advocated for a diversified energy portfolio that leverages innovation and technology to harness the strengths of different energy sources.