New Executive Vice President (EVP), Nigerian National Petroleum Company Limited (NNPCL), Upstream, Mr. Udobong Ntia, has charged upstream stakeholders in the oil and gas industry to strengthen corporate governance, transparency and efficiency in their operations.
Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream Sector”, held in Lagos, on Tuesday.
The charge by Ntia was stated in a press release, on Thursday, by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye.
In his opening remarks at the workshop, Ntia stressed that governance, risk management and compliance are at the foundation of the NNPCL core values of Integrity, Excellence and Sustainability.
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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 restated his readiness to provide enablers within his purview to accelerate the implementation of initiatives that will enhance governance, risk management and compliance in the upstream sub-sector.
The workshop had in attendance NNPCL Chief Compliance Officer, Mr. Nasir Usman; NNPCL Chief Upstream Investment Officer, Mr. Bala Wunti; representatives of industry regulators, including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); the Nigerian Content Development and Monitoring Board (NCDMB) and over 20 upstream operators from International Oil Companies (IOCs) in Nigeria.
