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NNPC declares state of emergency on oil production

Written by on July 3, 2024

The Nigerian National Petroleum Company, NNPC Limited has declared a state of emergency on oil and gas production in Nigeria.

Group Chief Executive Officer of the company, Mele Kyari, disclosed this in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition, NOG Energy Week in Abuja.

According to him, a detailed analysis of assets reveals that Nigeria can conveniently produce two million barrels of crude oil per day without deploying new rigs, but the major impediment to achieving that remains the inability of players to act in a timely manner.

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