By Stella Odueme
The NNPC Ltd’s new Executive Vice President, Upstream, Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency and efficiency in their operations.
Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop with the
theme; “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream
Sector” held in Lagos.
A statement by the
Chief Corporate Communications Officer of
NNPC Ltd., Olufemi O Soneye on Thursday said that while delivering his opening remarks at the workshop, Ntia stressed that
governance, risk management, and compliance are at the foundation of
NNPC Ltd’s core values of Integrity, Excellence, and Sustainability.
He commended the upstream leadership and regulators for supporting the
initiative to assemble stakeholders to discuss issues that have a bearing on
individual and collective success towards attaining the clear mandate of
sustainably ramping up the nation’s crude oil production.
The EVP also reiterated his readiness to provide enablers within his purview
that will accelerate the implementation of initiatives that will enhance
governance, risk management and compliance in the upstream sub-sector.
The workshop had in attendance NNPC Ltd’s Chief Compliance Officer, Mr.
Nasir Usman; NNPC Ltd’s Chief Upstream Investment Officer, Mr. Bala Wunti;
representatives of industry regulators such as the Nigerian Upstream
Petroleum Regulatory Commission (NUPRC); the Nigerian Content
Development and Monitoring Board (NCDMB) and over 20 upstream
operators from International Oil Companies in Nigeria.
