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NEWS

Oil Industry: Kyari Calls for Adaptation to Changing Energy Landscape

November 15, 2023 • 2 min read

The GCEO, NNPC Ltd, Mele Kyari, 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 on Tuesday while delivering an industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) conference taking place in Lagos.

NNPC Ltd Executive Vice-President, Upstream, Mrs Oritsemeyiwa Eyesan, delivered the industry address on behalf of the GCEO at the opening ceremony of the 41st NAPE Conference in Lagos.

Kyari underscored the pivotal role of oil and gas exploration in shaping the future of the oil industry and 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’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.

He expressed optimism that the conference would yield solutions and positively impact the nation’s economic landscape.

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

He further highlighted the absence of a perfect energy source and advocated a diversified energy portfolio that leveraged innovation and technology to harness the strength of different energy sources.

The NAPE conference is an annual convergence of geologists and industry professionals engaged in oil and gas exploration and production.

This year’s edition has as its theme “Repositioning the Oil & Gas Industry for Future Dynamics,” and seeks to advance the study and application of geosciences for the benefit of stakeholders.