Business
NNPC Urges Oil Firms to Build Resilience Against Market, Political Pressures
The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged oil and gas operators to strengthen their operations against political and market pressures by investing in technology, production capacity and critical infrastructure.
The Executive Vice President, Upstream, NNPC Ltd, Udy Ntia, gave the advice on Tuesday during a strategic panel session at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
Speaking on the theme, “Upstream Portfolio Resilience: Designing for Political and Market Stress,” Ntia said resilience must be built into every stage of business operations to withstand uncertainties in the global oil and gas industry.
He identified technology adoption, stable production, effective workforce management and secure crude oil transportation routes as critical factors for building a resilient upstream sector.
According to him, NNPC Ltd adopts a strategy that protects its revenue in the short term while making long-term investments in facilities and infrastructure.
He explained that the company also invests in standby capacity to reduce operational risks and ensure continuity of production during unexpected disruptions.
Ntia said clear direction, adequate resources, sound governance and increased investment had improved NNPC’s performance.
He added that stable costs and improved regulatory frameworks had positioned Nigeria to strengthen partnerships with international oil companies and independent producers.
