Driving Nigeria’s Upstream Growth: Project 1MMBOPD Investment Forum – London
Yesterday, I had the privilege of joining other distinguished energy leaders, financiers, legislators, and investors at the Project 1MMBOPD Additional Production Investment Forum organized by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in London.
This strategic forum underscores the commitment of the Federal Government and the NUPRC, under the visionary leadership of its Commission Chief Executive, to galvanize capital, capacity, and partnerships towards achieving Nigeria’s target of one million barrels per day (1MMBOPD) in additional production.
In my remarks, I shared the perspective of Nembe Exploration & Production Company Limited (NEPCL), Operator of the Jewel of the Niger Delta, OML 29, on behalf of the NNPCL/Nembe JV, on the imperatives of sustained investment, production efficiency, and infrastructure optimization.
Nembe’s contribution remains pivotal to realizing this national aspiration, driven by our:
• Proven performance record and consistent production growth trajectory,
• Extensive hydrocarbon resource base with significant untapped reserves,
• Upgraded, safe, and reliable infrastructure network, and
• Committed shareholder focus on long-term value creation and responsible operations.
The 1MMBOPD initiative is not merely a production target, it is a call to renewed industry collaboration and bold investment in Nigeria’s energy future. It is commendable that the NUPRC is leading from the front, aligning all stakeholders across the upstream value chain to unlock this immense potential.
At Nembe E&P, we remain steadfast in our commitment to advancing sustainable energy growth, leveraging technology, and deepening partnerships that will power Nigeria’s next chapter of upstream development.
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