NNPC URGES PRIVATE PARTNERSHIP ON EXPLORATION OF NEW OIL BASINS

OILFIELD WORKERS

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potential of green frontier basins in order to increase depleting reserves in the country, The Nation reports.

Baru spoke when he received the leadership of NAPE led by its National President, Mr. Nosa Omorodion at the NNPC Towers, Abuja, yesterday. He described the association as a very important party in the oil and gas industry, helping in policy promoting as well as formulation, that have led to the growth of exploration of hydrocarbon resources in the country.

He urged NAPE to play a key role in promoting public private partnership (PPP) in the exploration of some of the green frontier basins noting that the Federal Government would be willing to make provisions for incentives for such prospective investors.