NNPC to Intensify Stakeholder’s Engagement to Sustain Peace in Niger Delta
The Nigerian National Petroleum Corporation, NNPC, has vowed to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta.
The Corporation said it had created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation of investigations, and aggregate and deploy necessary resources to guarantee peaceful business environment in the region.
The NNPC Group Managing Director, Dr. Maikanti Baru stated this in an End of Year Message to staff of the Corporation in Abuja, stressing that NNPC was committed to implementing a robust security and stakeholders’ strategy that would ensure that peace reins in the industry operational areas.
Dr. Baru attributed the recent increase in the country’s oil and gas reserves to 37 billion barrels and 192Tcf respectively to the relative peace that was instituted in the Niger Delta.
He explained that over the year, NNPC adopted strategies to ensure the Corporation’s operational profitability, citing the renegotiation of all existing contracts which had enabled his Management Team achieve substantial value realization of between 5-30 per cent discounts.
“This singular effort alone translated to substantial cost savings in favour of NNPC”
, the GMD noted.
Source/ More : Nigerian National Petroleum Corporation, NNPC
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