The Nigerian National Petroleum Company Energy Services Limited (EnServ) and Schlumberger (SLB) has on Thursday, May 23, 2024, signed a technical partnership agreement towards boosting upstream operations.

The agreement was signed at the NNPC Ltd headquarters in Abuja with senior management teams from both companies in attendance.

In a statement by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd said that the agreement is aimed creating more opportunities in the nation’s oil and gas industry.

He said: “As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations.”

Group Chief Executive Officer of NNPC Ltd, Mele Kyari, also stated that the ongoing reforms in the industry will cause potential release of investments in the short term.

Kyari said: “Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term.

“Our physical environment is excellent today; contracting processes have been reviewed by virtue of the clear reforms Mr President has put in place; and ultimately, we are already seeing substantial energy going into unlocking opportunities of today.”

Showing confidence in the relationship between NNPC Ltd and Schlumberger (SLB), Mr Kyari added that the NNPC would leverage on the assets within its control to speed up the values that will come from this partnership.

He concluded: “We are counting on Schlumberger (SLB) as our partners of 70 years. We are in business; we see the opportunities and strategic need to work with you and ultimately, we will create value for our country.”