Nigeria: Indigenous Companies to Determine Future of Oil, Gas, Says Orjiako

27 October 2013

The chairman of Seplat Petroleum Development Company, Dr. ABC Orjiako, has said that the future of the Nigerian oil and gas industry is closely tied to the emergence and continuing growth of Nigerian independents . Orjiako made the declaration at the PWC Oil and Gas leadership conference which held in Accra Ghana on October 18.

Orjiako who spoke alongside other prominent Nigerian speakers such as Mutiu Sumonu of Shell, Chima Ibeneche, former MD of Nigeria NLNG as well as Ernest Nwapa of the Nigerian Local Content Monitoring Board, said that at current levels "25 indigenous oil companies contribute about 10percent of Nigeria's total production of 2.5 million bpd."

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