NNPC, Schlumberger sign partnership deal to boost upstream operations


The Nigerian National Petroleum Company Energy Services Limited (EnServ) and Schlumberger (SLB) on yesterday signed a technical partnership agreement to boost upstream operations.

The deal was signed at the headquarters of the Nigerian National Petroleum Company Limited in Abuja.
Spokesman for the NNPCL, Mr Olufemi Soneye, its chief said the agreement was part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry.

“As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations,” Soneye said.
He quoted the group chief executive officer of NNPCL, Mr Mele Kyari, as describing the ongoing reforms within the industry as a trigger for potential release of investments in the short term.

“Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term.

“Our physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms Mr President has put in place; and ultimately, we are already seeing substantial energy going into unlocking opportunities of today,” Kyari said.

He said the partnership would lead to increased activity and more drilling campaigns that will add value to the two organisations.

Kyari further disclosed that NNPCL was working on a rig share platform with a definite plan around well drilling activities and associated operations in the coming years, noting that this would increase crude oil production and support the ongoing plan to deepen gas utilization within the country.

He expressed confidence in the long-standing relationship between NNPCL and Schlumberger saying the NNPCL would leverage on the assets within its control to accelerate the values that will come from this partnership.

“We are counting on Schlumberger as our partners of 70 years. We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country,” he said.
Also speaking, chief executive officer of Schlumberger (SLB), Mr Olivier Le Peuch, said the agreement was poised to accelerate the achievement of Nigeria’s exploration and production targets, which will foster Nigeria’s economic growth and prosperity.

“We are here to celebrate the strategic partnership that we signed with EnServ as a technical partner. This agreement is geared towards unlocking the capacities of EnServ for Nigeria, which potentially will help NNPC Ltd to achieve its exploration and production targets.

“We look forward to using this technical partnership as a springboard to accelerate the vision that the industry needs.

“We are pleased to be at the center of this transition and are in a position where we can bring our technical capability, technology, and capacity to the country so as to support the operations of NNPC Ltd,” he said.