Udobong Ntia, the newly appointed Executive Vice President (EVP) Upstream of the Nigerian National Petroleum Company Limited (NNPC), has urged stakeholders in the nation’s oil and gas upstream sector to prioritise corporate governance, transparency, and operational efficiency.
Olufemi Soneye, Chief Corporate Communications Officer of NNPC in a statement on Thursday said Ntia spoke at the “Enhancing Governance, Risk, and Compliance in Nigeria’s Upstream Sector” workshop held in Lagos.
Ntia emphasised that governance, risk management, and compliance are integral to NNPC’s core values of Integrity, Excellence, and Sustainability.
Ntia commended the leadership within the upstream industry and regulators for their commitment to fostering collaboration.
He noted that such initiatives are pivotal to achieving Nigeria’s goal of sustainably increasing crude oil production.
“I am committed to facilitating initiatives within my purview that enhance governance, risk management, and compliance in the upstream sector,” Ntia assured participants.
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The event brought together key players, including NNPC’s Chief Compliance Officer, Nasir Usman, and Chief Upstream Investment Officer, Bala Wunti.
Also in attendance were representatives from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Content Development and Monitoring Board (NCDMB), and over 20 upstream operators from international oil companies operating in Nigeria.
The workshop underscored the shared responsibility of all stakeholders in ensuring the industry’s sustainability and highlighted the importance of transparent practices in addressing sectoral challenges.
