OTC, Blessing To Indigenous Firms – NNPC

The Nigerian National Pe
troleum Corporation (NNPC) has hailed the Offshore Technology Conference in Houston, Texas, USA, saying, it is a big boost which had provided platform for the acquisition of technology and diverse skills for local players in Nigeria.
NNPC Group Managing Director, Mr. Andrew Yakubu said fall out of the regular participation of Nigeria’s Oil and gas companies at the previous conferences had led to the acquisition of expertise.
In a statement signed by the Group General Manager, Public Affairs of NNPC, Abuja Division, Mr. Ohi Alegbe, the GMD was said to have expressed excitement after inspecting the pavilions of the various Nigerian oil and gas companies participating in 2014 OTC.
It said the conference with the theme: “Asset Divestment in the Nigerian Oil and Gas Industry, Opportunities And Challenges”, offered great exposure that would make the companies more efficient.
Ht noted that in the areas of drilling, well testing, surface maintenance, drilling services and other contemporary technology, such previous conferences had taken the petroleum industry to its current level.
“From what you have seen in terms of showcasing the gains of the various outrings in the OTCs, you can see the level of expertise and technology our indigenous companies have acquired”, he said.
The GMD noted that they were able to participate in virtually the entire spectrum of the oil and gas services remarking that such expertise was purch, resident outside the country in the past.
“from the fallout of our outings, there have been significant acquisitions of technology that have enabled our indigenous players to work without importing these technologies”, it stated.
The statement said in the past few years, the country had ramped up gas supply from 300 million standard cubic feet per day to 1500 million standard cubic feet per day, noting that it was because of the current fiscal regime introduced by the present administration that led to such impressive feat.
“As at today, the NNPC is the largest producer of gas for domestic use. The NNPC produces over 400 Mscfpd and plans are underway to increase it by 250 mscfpd before year end”, it stated, and commended the present administration for its massive support for the growth of the sector.