By Oluwagbenga Bankole
Petroleum
Explorationists in the country under the aegis of Nigerian Association of
Petroleum Explorationists (NAPE) have advocate for an enabling environment and
incentives from the Federal Government.
Speaking
today at a Media Parley in the association’s head office in Lagos, NAPE
President, Mr. Chikwendu Edozien said that the main reason behind the agitation
for the enabling environment and incentives is in order to increase exploration
opportunities especially in high-risk frontier basins and under-explored deep High
pressure High Temperature (HPHT) plays.
Edozien
further stated that; “NAPE proposes that NipeX is further optimized to reduce
contracting cycles for services and projects to a maximum of three months and
nine months respectively. Lowest bidder concept is being abused through
ridiculously low bids. NAPE proposed that for low to medium cost technical
services bids significantly outside operator estimated cost ranges be
disqualified. ”
According to
him, NAPE will continue to support engagement and mutual support between oil and
gas producing companies and host communities.
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