Bayo Ojulari, Group Chief Government Officer of NNPC Restricted has introduced that the $2.8 billion Ajaokuta-Kaduna-Kano fuel pipeline undertaking has reached 72 p.c completion stage as of the top of the primary quarter of 2025.
In response to Ojulari, who spoke on the 2025 Oloibiri Lecture Collection and Power Discussion board organized by the Society of Petroleum Engineers Nigeria in Abuja on Thursday, the corporate has built-in expertise to decrease its manufacturing price from the present common of $40 per barrel to realize optimum outcomes.
Represented by Udobong Ntia, Government Vice President, Upstream, Ojulari said that with substantial investments in vitality infrastructure and expertise, NNPC is actively shaping Nigeria’s vitality future, including that digitization, automation, synthetic intelligence, and superior analytics are remodeling your complete vitality worth chain.
He stated, “At NNPCL, we not see expertise solely as an enabler. It has now develop into a fulcrum. We now have embraced digital transformation not as a buzzword however as an operational crucial. Digitisation, automation, synthetic intelligence, and superior analytics are redefining your complete vitality worth chain.
“These applied sciences will not be non-compulsory extras. They’re foundational to enhancing asset reliability, decreasing lifting prices, and decreasing greenhouse fuel results. At NNPC, we’ve embraced this actuality with deliberate technique. Our upstream subsidiary is deploying real-time reservoir monitoring, predictive upkeep, and AI-driven subsurface imaging to drive worth and operational resilience,” he stated.
Talking additional, the GCEO defined that you just obtain web zero emissions by 2060, the corporate has initiated a number of gas-led transition applications together with the growth of autogas which goal conversion of over a million automobiles by 2026.
“In alignment with Nigeria’s vitality transition plan, which seeks to realize web zero emissions by 2060, NNPC Restricted has initiated a number of gas-led transition applications, together with the growth of our autogas program, focusing on over 1 million automobiles by means of 2026, the completion of vital spine infrastructure such because the AKK pipeline, which is about 72 per cent full as we converse, first quarter 2025, and likewise the deliberate integration of inexperienced hydrogen feasibility research right into a long-term technique.”
In response to him, NNPC Restricted, as an vitality firm additionally performs a key position within the energy sector, contributing about 1,500MW of put in energy capability to the nation with one 1,000MW of IPP JV phases one and two, 650 megawatts of agency JV and 50 megawatts fabricated from emergency energy crops.
In his remarks, Gbenga Komolafe, Fee Chief Government of the Nigerian Upstream Petroleum Regulatory Fee, defined that the Fee is dedicated to its Challenge 1 Million Barrels per day manufacturing by 2026.
On the 2024 bid spherical and potential 2025 bid spherical, he stated in pursuit of the objective to achieve 4 million barrels of oil and 220 trillion cubic toes of fuel, NUPRC has vigorously pursued methods to boost exploratory actions and speed up improvement.
Represented by commissioner Enorense Amadasu, Komolafe stated that of the awardees of the Petroleum Processing License, about 10 have started manufacturing.
“As a part of these efforts, the Fee accomplished the 2024 bid licensing spherical with the award of 70 offshore petroleum prosperity licenses, BPS, and 70 further offshore and offshore blocks.
“We’re additionally making ready for the 2025 bid spherical as we implement the drill or drop philosophy in line once more with the PIA and observe FIT’s administration mechanism of the PIA. I take into consideration greater than 10 of them are actually in manufacturing. I believe that’s an enormous one for the nation,” he stated.
In her remarks, Amina Dalnmadami, Chairman SPE Nigeria Council, famous that since 1991, OLEF has stood as a logo of dialogue, innovation, and coverage engagement in Nigeria’s oil and fuel panorama.
Learn additionally: AKK fuel pipeline to be prepared Q1 2025, says Kyari
The occasion in accordance with her commemorates the primary industrial discovery of oil in Nigeria in Oloibiri, Bayelsa State—an occasion that eternally modified the trajectory of the nation’s financial historical past.
She stated that whereas this yr’s world dialog could lean closely towards renewables, “we all know that oil and fuel will stay central to Nigeria’s financial stability, vitality safety, and industrial development for many years to return.
“The trail to sustainability in our context is just not one in all displacement, however one in all optimization—leveraging expertise to drive effectivity, tightening our provide chains, and creating enabling insurance policies to boost sector resilience.”
In his remarks, Ahmed Galadima Aminu, Government Secretary, Petroleum Know-how Improvement Fund (PTAD) defined that the convention displays the nation’s collective aspirations for sustainable vitality development by means of innovation, strategic partnerships, and capability constructing.
He famous that since 2015, the Fund has remained a constant supporter of the OLEF, recognising its strategic worth as a platform for coverage dialogue, stakeholder engagement, and forward-thinking discourse on vitality improvement in Nigeria and Sub-Saharan Africa.
