The commission in a statement yesterday, said the agreement
was reached when the President of Schlumberger, Mr. Olivier Le Peuch, visited
its chief executive, Engr Gbenga Komolafe.
NUPRC said the high-level meeting between its chief
executive and officials of Slumberger underscored its commitment to fostering
strategic partnerships that would enhance Nigeria’s oil production and
operational efficiency.
It stated that 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 highlighted several of the commission’s achievements
since its inception in 2021 under the Petroleum Industry Act, PIA.
“Key achievements include the establishment of 17
regulations aimed at improving industry standards and operational efficiency.
‘’Additionally, the re-engineering of the Nigeria National
Data Repository, NDR, has been a significant milestone, promoting the
monetization of oil blocks and aligning regulations with global energy
transition initiatives and carbon footprint reduction goals.
“The CCE also mentioned the ongoing licensing rounds as a
testament to the Commission’s proactive approach in regulating the sector.
‘’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.
‘’This initiative has designated 49 flare sites for
commercialization, demonstrating the commission’s dedication to environmental
sustainability and resource optimization,” the statement added.
On his part, Mr. Olivier Le Peuch expressed satisfaction
with the commission’s regulatory framework and indicated SLB Global’s readiness
to collaborate.
He reiterated the importance of such partnerships in
unlocking Nigeria’s onshore and offshore oil potential, particularly through
leveraging advanced technology.
“Areas of mutual interest discussed included the development
of Nigeria’s frontier basins and the integration of innovative technologies to
enhance exploration and production efficiencies.
“At the end of the meeting, it was agreed that a contact
team would be established to further investigate and identify more
opportunities for collaboration.
‘’The team will focus on expanding the scope of mutual
interests and ensuring that both organizations can effectively work together to
achieve their shared objectives,’’ he added.