July 16, 2024

Nigeria will surpass 2mb/d oil production capacity’ – Lokpobiri

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Ilenre Irele

Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has given assurances that Nigeria remains poised to surpass its projected 2,000,000 barrels per day crude oil production capacity.

Lokpobiri said the Ministry of Petroleum Resources has been strategically positioned and had a special mandate to support industry players and investors in the oil and gas sector to succeed and grow the economy of Nigeria.

The minister disclosed these when members of the Society of Petroleum Engineers, SPE Nigeria Council led by its Board of Trustee Chairman, Emeka Ene, paid him a courtesy visit, pointed that more attention needed to be given to the oil sector in order to increase investment and revenue generation.

He noted that by so doing, people, especially the youths, will be discouraged from moving out of the country, adding that increasing investments in the pil sector could be made possible through the collaboration and involvement of organisations like SPE Nigeria Council.

“As a Ministry, our focus is to collaborate with your council and other stakeholders to grow our economy,” he stated.

Lokpobiri informed his audience that there were lots of opportunities to explore in the oil sector and that one simple way of increasing foreign exchange earnings for the nation is to increase crude oil production.

The increase in crude oil production, he emphasized, must be achieved in line with the mandate given by President Ahmed Bola Tinubu.

Earlier in his presentation, the Chairman, 2024 SPE Nigeria Council, Salahuddeen Tahir, informed the Minister that SPE brings people from all over the world together under one platform for the petroleum industry.

Tahir said the visit to the Minister was to solicit his support and invite him to the Nigeria Annual International Conference and Exhibition, NAICE 2024, scheduled to take place from 5th- 7th August 2024 in Lagos.

“SPE is a professional body that gives out a lot to its members like technical and soft skills, provides access to world-class and timely knowledge of relevant technologies. It enables the members to have fantastic careers and make friends with amazing people all around the world, amongst other benefits.

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