The Nigerian National Petroleum Corporation (NNPC) Ltd.’s new Executive Vice President (EVP), Upstream, Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas sector to be transparent, efficient and strengthen corporate governance in their operations.
Mr. Ntia made the call while speaking at the Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream Sector”, which was held in Lagos on Tuesday.
In a statement issued by the Chief Corporate Communications Officer of NNPC Ltd., Mr. Olufemi Soneye on Thursday, Mr. Ntia, during his remarks at the workshop stressed that governance, risk management, and compliance are at the foundation of the company’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 to 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 and NNPC Ltd.’s Chief Upstream Investment Officer, Mr. Bala Wunti.
Others are 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.
