The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari has outlined possible ways the Nigeria economy in general and the oil and gas industry, in particular, could reap from the recent discovery of hydrocarbon deposits in the Kolmani River II well in the Upper Gongola Basin section of Benue trough.
Speaking at the just concluded 9th Edition of the Practical Nigerian Content Summit in Yenegoa, Bayelsa State, Mallam Kyari confirmed that “between the discovery of hydrocarbon in the Gongola basin and bringing the oil to the market, Many processes that would escalate into a maze of productive activity with the potential for massive job growth across the value chain would be activated.
The Group Managing Director who was represented at the event by Mr. Farouk Sai’d, Chief Operating Officer, Corporate Services, NNPC, said that with the initiation of these processes the economy stands in a firm position to embrace the projected windfall in thousands of direct and indirect employment, noting that as long as there are “activities, employment will continue.”
He also disclosed that more discoveries await the Oil and Gas Industry in the Dahomey Basin and Anambra Basin that would bring more jobs and employment for the people.
The NNPC GMD assured that the National Oil Company’s cardinal priority was to deepen its position as the Nigerian economy’s main enabler, rooted in expanded exploration activities to optimize benefits for all stakeholders.
On the contributions of local content to the success in the frontier basin, the GMD stated that the Nigerian Content Policy had remained a catalyst in this regard.
He said the Nigerian belief in local content had ensured the participation of Nigerian companies in several businesses across the entire value-chain, these areas include crude oil lifting, oil exploration, and research and development, among others.