The Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to facilitate the seamless exit of International Oil Companies (IOCs) from onshore operations while encouraging and redirecting their focus towards exploring and developing Nigeria’s deep offshore potential.
The body’s call is contained in a communiqué detailing some far-reaching industry recommendations released at the 31st Pre-Conference Workshop of NAPE with the theme “Leveraging Divestments and Local Content Capacity to Enhance Nigeria’s Oil and Gas Industry: Challenges and Opportunities” held in Lagos recently.
“Part of the recommendations included the need for Government to undertake a comprehensive audit of exiting IOCs to identify potential challenges to be faced by indigenous companies and develop strategic mitigation strategies to foster resilience and competitiveness.
“E&P companies should streamline operations to optimize production costs and improve operational efficiency in their production processes.”
