By Moses Uwagbale
The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and gas industry in Nigeria.
A statement signed by Mr Paul Osu, Head, Public Affairs, DPR on Sunday in Lagos said the agency’s Director, Mr Auwalu Sarki, gave the assurance at
the 45th Virtual Anniversary event of the Nigerian Association of Petroleum Explorationists (NAPE).
Sarki said the DPR would collaborate with all players to drive growth and eliminate bottlenecks to attract investments.
He noted that the topic of the anniversary lecture ‘Long- Term Funding of Exploration and Petroleum Business in Nigeria- Strategies for Sustainability’ aligned with DPR’s commitment to make Nigeria a top investment destination.
According to him, this can be achieved through the implementation of robust regulatory initiatives and strategies to ensure maximum benefits from the country’s hydrocarbon resources for both investors and Nigerians alike.
He congratulated the association and its founding fathers for the immense contributions to the Nigerian oil and gas industry over the years.
Sarki reiterated that DPR would continue to collaborate with professional associations like NAPE for the development of the oil and gas sector.
He maintained that DPR was causing a shift in paradigm from being a regulator to a business enabler in the oil and gas industry in Nigeria in order to achieve the aspirations of government for the sector.
