April 17, 2024
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OIL & GAS RENEWABLE ENERGY

Kyari Calls on Nigeria’s Oil Industry to Adapt to Changing Energy Landscape

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Commission (NNPC), Mele Kyari, has urged stakeholders in the Nigerian oil and gas industry to adapt, evolve, and take a leadership role in the ever-changing global energy landscape. Kyari delivered this charge during an industry address at the 41st Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos.

This was made known in a press release published on X formally known as Twitter. Represented by NNPC Ltd’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan, Kyari emphasized the pivotal role of oil and gas exploration in shaping the industry’s future. He stressed the need for dedication, expertise, and a pursuit of knowledge to unlock new frontiers and push technological and economic boundaries.

Kyari reiterated the commission’s commitment 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 NAPE Conference would generate solutions and positively impact the nation’s economic landscape.

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

He highlighted the absence of a perfect energy source and advocated for a diversified energy portfolio leveraging innovation and technology to harness the strengths of different energy sources.

The NAPE Conference is an annual convergence of geologists and professionals in the oil and gas sector. The theme of this year’s edition is “Repositioning the Oil and Gas Industry for Future Dynamics”, which seeks to advance the study and application of geosciences for the benefit of stakeholders.

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