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NNPC Seeks Investors On 10 Billion Barrels Assets



A multi-billion dollar investment opportunity in the nation’s deep-offshore frontiers was on Wednesday unveiled at the 10th World Energy Capital Assembly in London, United Kingdom as part of the drive by the Nigerian National Petroleum Corporation [NNPC] to invest in Nigerian crude oil reserve.

Delivering an address at the panel section titled: ‘’spotlight on Africa’’, NNPC Group Managing Director Dr. Maikanti Baru said  Nigeria globally has the highest untapped deep water resources of about 10 billion barrels of oil, in addition to other vast opportunities in the oil and gas value chain.

The NNPC Managing Director who was represented at the event by the Corporation’s Group General Manager, Corporate Planning/Strategies, Bala Wunti, the GMD explained that Nigeria has the largest and one of the most vibrant economics in Africa with lots of  potentials, especially in the gas, refining and infrastructural space.

Meanwhile in a statement in Abuja on Wednesday, NNPC spokesman Mr. Ndu Ughamadu quoted the NNPC GMD as saying ‘’I invite you all to a country that has massive opportunities, very good business climate and good returns on investments.

Continuing he said ‘’our resilience has been tested, we have been through the booms and bursts and we came out stronger, with our experience, geographical location and capacity, adding that the Corporation has a clear strategy for harnessing these potentials through collaboration and building robust partnerships as entrenched in its frames.