The Federal Government, reaffirmed its commitment to strengthening collaboration with indigenous oil service providers as a key strategy to boost crude oil production and drive growth in the oil and gas sector.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this statement during an inspection of Geoplex Oilfield Services and WCS facilities in Port Harcourt.
The minister’s Special Assistant on Media and Communication, Nneamaka Okafor, disclosed this in a statement on Wednesday.
Highlighting the importance of indigenous service providers in achieving national production targets, Lokpobiri said, “Our drive to increase production will be a mirage if we do not have strong collaboration with oil service providers, especially indigenous ones.
However, with the renewed strategies under President Bola Ahmed Tinubu’s administration, we are taking deliberate steps to ensure that these collaborations thrive.”
During the inspection, Lokpobiri praised Geoplex Oilfield Services for its cutting-edge facilities and adherence to global standards, noting the company’s capability to compete with international oil service firms.
“From my observations during the inspection, it is evident that Geoplex is fortified to meet the needs of the oil and gas industry at par with international service providers.
Their dedication is truly commendable,” he stated.
Mr. Wole Ogunsanya, Chairman of Geoplex Group, expressed gratitude for the government’s recognition of indigenous firms’ contributions to the sector.
He reaffirmed the company’s dedication to supporting national goals through excellence and innovation.
“We at Geoplex are proud to be part of the solution to Nigeria’s production challenges.
Our facilities, investments, and technical expertise are all geared toward complementing the government’s efforts to ramp up production.
We appreciate the support of the Federal Government and remain committed to our mission,” Ogunsanya stated.
The statement further highlighted the critical role of indigenous firms in Nigeria’s oil and gas industry.
Lokpobiri emphasized the necessity of creating a conducive business environment and sustaining investments to empower local service providers.
He stressed that fostering these partnerships is essential to achieving the Tinubu administration’s objectives of revitalizing the oil sector and restoring Nigeria’s position as a leading oil-producing nation in Africa.
“The work being done here is exemplary.
Companies like Geoplex are proving that Indigenous firms can deliver world-class services.
With such dedication, we are confident that the future of Nigeria’s oil sector is in good hands,” Lokpobiri said.
The Federal Government’s renewed focus on indigenous oil service providers aligns with its broader goals of maximizing local content, creating jobs, and stimulating economic growth.
Through ongoing initiatives to support local firms, the administration aims to unlock their full potential and ensure Nigeria meets its production targets.
“As we chart a path toward energy security and sustainable growth, the collaboration between the government and indigenous oil service providers like Geoplex underscores the vital role of public-private partnerships in achieving national objectives,” Lokpobiri concluded.
