The Nigerian National Petroleum Corporation NNPC says with the seven billion people on the earth, oil and gas will always be relevant.
The Chief Operating Officer, Upstream of NNPC, Roland Ewubare, said there was no magic yet for the replacement of oil and gas as a primary source of energy.
According to him, NNPC’s primary aspiration is to move Nigeria swiftly to full energy security and use energy as a tool to reduce disparity in prosperity.
On local content, the NNPC chief promised that it will continue to pursue its local content agenda for the overall development of the nation’s economic growth and the oil and gas sector.
He said NNPC would grow indigenous participation in the sector’s value chain, enhance job creation, revenue generation and development of in-country capacities.
On growing the nation’s oil reserve, Ewubare said NNPC was targeting a 67 per cent in-country support projection on other inland basins after the Egina project.