{"id":68162,"date":"2019-08-06T04:49:45","date_gmt":"2019-08-06T03:49:45","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=68162"},"modified":"2019-08-06T04:49:45","modified_gmt":"2019-08-06T03:49:45","slug":"kyari-tasks-industry-players-on-reserve-growth-timely-resolutions-of-contractual-issues","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/kyari-tasks-industry-players-on-reserve-growth-timely-resolutions-of-contractual-issues\/","title":{"rendered":"Kyari Tasks Industry Players on Reserve Growth, Timely Resolutions of Contractual Issues"},"content":{"rendered":"<div id=\"m410835211011700881\" class=\"mail-message expanded\">\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div dir=\"auto\">\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\" align=\"center\">The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on oil and gas industry players in the country to support the national oil company to achieve the national aspiration to grow crude oil reserve to 40 billion barrels and boost oil production to 3 million barrels per day.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">Speaking at the 43<sup>rd<\/sup>\u00a0Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers, in Lagos on Monday, Kyari said that this could only be achieved if players collaborate effectively to ensure timely resolution of contractual issues and the passage of the necessary petroleum legislation.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">\u201cTo achieve this ambition, huge investment is required across the value chain. We have to attract investment to deploy improved technology in the exploration and production of hydrocarbon from inland as well as the ultra-deep offshore basins,\u2019\u2019 he said.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">Kyari challenged industry operators and stakeholders alike to desist from further lamentations of the challenges that plague the operating environment but pick up the gauntlet and confront the issues frontally with diligence and sure mindedness.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">On the theme of this year\u2019s SPEC conference entitled:\u00a0<i>Artificial Intelligence, Big Data and Mobile Technology: Changing the Future of the Energy industr<\/i>y, the NNPC GMD acknowledged the fact that the emergence of artificial intelligence has altered the dynamics of operations by providing quicker processes and interventions in the conduct of business in the industry made possible by effective deployment of big data.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">He challenged industry players to be forward-looking and embrace this approach in seeking for solutions to the challenges that confront the industry.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">He said that technology and innovations will continue to shape the way the oil and gas industry businesses and operations are conducted especially in the deep offshore and other hard-to-operate environment.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">\u201cArtificial intelligence, big data and the mobile technology will continue to shape our industry in practically unimaginable ways, but certainly the transformations they promise will lead to quantum shift in the delivery of our task,\u2019\u2019 he said.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">The 2019 NAICE conference and exhibition was declared open by Dr. Folashade Yemi-Esan, Permanent Secretary, Ministry of Petroleum Resources, who took time to visit the pavilions of exhibiting oil and gas companies.<\/p>\n<p class=\"m_-1231655411407643352ydpdb65ce51yiv5374426211MsoNormal\">Yemi-Esan commended the companies for great show at the stand while urging them to rally round the Federal Government achieve set targets in the industry.<\/p>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<div id=\"conversation-footer\" class=\"spacer\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on oil and gas industry players in the country to support the national oil&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-68162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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