FG commends Schlumberger’s planned return to Nigeria

Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has lauded plans by Schlumberger Oil Company to return to Nigeria after many years of leaving the country.
The Minister commended the oil company’s plans when he received Mr. Olivier Le Peuch, the CEO of Schlumberger and his team who were on a courtesy visit, in Abuja.
He said Schlumberger’s plan was a testament to the positive changes in the nation’s oil and gas sector.

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According to him, “The return of Schlumberger with a promise of increased investment is a testament to the positive changes and opportunities in Nigeria’s oil and gas sector under President Bola Ahmed Tinubu’s administration.

“We are strategically positioned for greater partnerships that guarantee mutual benefit,” the Minister said in a statement from his Special Assistant Media and Communication, Nneamaka Okafor.

The Minister commended Schlumberger for its long-standing contributions to Nigeria’s energy sector and reiterated the Federal Government’s support for the company’s operations.
“Schlumberger’s decision to invest more in Nigeria will undoubtedly excite Nigerians, as the oil sector remains the quickest means to resolving our economic challenges.
“More investment is essential for our economic growth,” he added.

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The statement noted that the development aligns with the Minister’s broader objective of attracting more investment from International Oil Companies (IOCs) to Nigeria, stressing that “the pledge from Schlumberger is seen as a significant step forward in these efforts”.

Sen. Lokpobiri assured Schlumberger of every necessary support from the Federal Government to facilitate their operations, highlighting the collaborative spirit between Nigeria and one of its most influential oil and gas partners.
Olivier Le Peuch, the Global CEO of Schlumberger, who announced the company’s plans during a courtesy visit to the Minister’s office, stated that the visit aimed to rekindle the longstanding relationship between Nigeria and Schlumberger, a company that has significantly shaped the nation’s oil and gas sector from its early days.
Le Peuch echoed the Minister’s optimism saying, “Schlumberger is excited to reinvest in Nigeria. We recognize the country’s potential and are committed to contributing to its