The government made its assertion when the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, inspected two oil providers, Geoplex Oilfield Services (OFS) and WCS facilities in Port Harcourt, Rivers State.
In a bid to boost crude oil production, the Nigerian government said it has strengthened collaboration with Oil service providers.
The government made its assertion when the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, inspected two oil providers, Geoplex Oilfield Services (OFS) and WCS facilities in Port Harcourt, Rivers State.
In a statement signed on Wednesday, the government said the move was aimed at ensuring that "indigenous oil service providers form a critical strategy to boost crude oil production and drive the growth of the oil and gas sector."
Speaking at the event, the Minister, Lokpobiri emphasised the importance of supporting indigenous service providers to achieve the nation's production targets.
“Our drive to increase production will be a mirage if we do not have strong collaboration with oil service providers, especially indigenous ones.”
“However, with the renewed strategies under President Bola Tinubu's administration, we are taking deliberate steps to ensure that these collaborations thrive." the statement read.
The Minister noted that Geoplex Oilfield Services state-of-the-art facilities and commitment to global standards would be key to Nigeria’s drive.
“The Federal Government's renewed focus on indigenous oil service providers aligns with its broader goal of maximizing local content in the sector, creating jobs, and boosting economic growth.”
“With ongoing initiatives to provide a supportive environment, the administration seeks to unlock the full potential of local firms while ensuring Nigeria meets its production targets.” the statement further read.
The Minister highlighted the need for a conducive business environment and sustained investments to empower local service providers.
He noted that fostering these partnerships is pivotal to achieving the administration's objectives of revitalising the oil sector and restoring Nigeria’s position as a leading oil-producing nation.