NNPC set to acquire oil blocks in W’Africa

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The Nigerian National Petroleum Corporation’s (NNPC)’s upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), has disclosed plans to acquire oil blocks in West Africa and beyond, The Sun reports.

The Group Managing Director of NNPC, Dr. Maikanti Baru, stated this at the opening of the Nigerian Pavilion at the ongoing Offshore Technology Conference (OTC) 2018, which opened Monday in Houston Texas, USA. Baru said the NNPC has perfected strategies to become the energy company of the future by making inroads into new frontiers through the acquisition of oil blocks in the West African region and beyond.

“We would push our flagship to be taking blocks in other economies and compete just as Integrated Data Services Limited (IDSL) has been able to do.” He equally explained that Oilfield Services, which started in 2009 is also a budding division that would eventually become a full-fledged company offering services to all other regions and parts of the industry, working in all those areas that NNPC is not acting as a service company.

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