The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has agreed with international oil firm, Schlumberger Global, to boost oil production in Nigeria.
The commission in a statement on Sunday, said the agreement was reached when the President of Schlumberger, Mr. Olivier Le Peuch, payed a visit to it’s chief executive, Engr Gbenga Komolafe.
NUPRC stated that the meeting between the chief executive and officials of Slumberger underscored its commitment to fostering strategic partnerships that would boost Nigeria’s oil production and operational efficiency.
During the meeting, Engr. Komolafe emphasized that the NUPRC adopted a participatory and collaborative approach to facilitate ease of doing business in the oil sector.
He further reiterated the importance of such collaborations in unlocking Nigeria’s onshore and offshore oil potential, particularly through leveraging advanced technology.
The chief executive highlighted several of the commission’s achievements since its inception in 2021 under the Petroleum Industry Act, PIA.
One notable achievement expounded upon was the NUPRC’s commitment to eliminating gas flaring and commercializing flared gas under the Nigerian Gas Flare Commercialization Programme, NGCP.
At the end of the meeting, it was agreed that a contact team would be established to further investigate and identify more opportunities for the partnership.