NNPC, SLB sign partnership to boost production in Nigeria

In an opportunity for value acceleration, NNPC Energy Services Limited (EnServ) has entered a technical partnership agreement with Schlumberger (SLB) 

Signed at the NNPC Ltd's corporate headquarters in Abuja, the agreement was reached to boost upstream operations.

As the 70-year NNPC-SLB relationship continues to grow strong, the oilfield services company is keen on investing in local talents and building capacity through technology and performance. Mele Kyari, Group CEO, NNPC Ltd said, “We are counting on Schlumberger (SLB) 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." 

With a definite plan around well drilling activities and associated operations in the next few years, Kyari believes that the partnership can potentially result in heightened activity and more drilling campaigns. “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,” he said.

From plans to introduce a rig share platform to increased gas utilisation, NNPC has all hands on deck to raise crude oil production. In April, along with its joint venture partner in the field, Newcross Exploration and Production Ltd, NNPC resumed production from the Abowa unit field which is capable of hitting 12000 bopd every month. 

Achieving exploration and production targets

“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,” said Olivier Le Peuch, CEO, Schlumberger (SLB). 

SLB is committed to promoting energy innovation and decarbonisation in Nigeria, especially since the company opened a West Africa regional office in Lagos early last year.