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NIGERIAN NATIONAL OIL FIRM VOWS TO CONTINUE TO SEEK SOLUTION TO INSURGENCY

The Nigerian National Petroleum Corporation (NNPC) has vowed to continue to find a sustainable solution to the challenge posed by insurgency in the oil-rich Niger Delta.

Its Group General Manager for Public Affairs, Ndu Ughamadu, said in a statement here Sunday:

The Corporation has created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation of investigations.

The platform will also aggregate and deploy necessary resources to guarantee peaceful business environment in the region.”

Quoting NNPC Group Managing Director Dr Maikanti Baru who addressed staff during an end of year message, the spokesman said the NNPC was committed to implementing robust security.

‘The Corporation is committed to implementing a robust security and stakeholders’ strategy that would ensure that peace reigned in the industry operational areas,” he added.

‘Dr Baru attributes the recent increase in the country’s oil and gas reserves to 37 billion barrels and 192 trillion cubic feet, respectively, to the relative peace that was instituted in the Niger Delta.

‘Over the year, NNPC adopted strategies to ensure the Corporation’s operational profitability, renegotiation of all existing contracts to achieve substantial value realisation of between five and 30 per cent discounts. This singular effort alone translated to substantial cost savings in favour of NNPC.”

He said the NNPC had commenced the implementation of a 12-key Business Focus Areas developed by its Management Team to enhance the corporation’s business performance. In addition, another team had put in place structures to enable smooth implementation of new business models for its Strategic Business Units and companies nationwide.

Source: NAM NEWS NETWORK