The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu has challenged exploration and production companies in Nigeria to strive to raise daily crude oil production to seven million barrels per day (bpd) from the about 2.1 million bpd currently produced.

Kachikwu, who spoke at the just concluded second edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) organised by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, urged all stakeholders in the petroleum industry to put all hands on deck to actualise the aspiration.

He said: “Industry players should strive for improvements in all facets of their operations because Nigeria should be producing over seven million barrels of crude oil every day and enough gas to meet its electricity needs. The oil and gas sector should have rapidly developing infrastructure, while oil bearing communities ought to be well developed with proceeds from the sale of crude oil.”

He encouraged Nigerian operators to move into other African countries and use Nigeria’s 60 years’ experience in the sector to lead the operations of their fields.

Read More: https://thenationonlineng.net/kachikwu-firms-should-raise-nigerias-oil-production-to-7m-bpd/