According to Mark Ward, managing director, Mobil Producing Nigeria Unlimited (MPN), the challenges frightening hydrocarbon exploration and production in the Gulf of Guinea could only be resolved through multidimensional approach which included technology advances, steady fiscal policies and a secure operational environment. According to him, the three aspects are vital and it would entail partnerships between the international oil firms, national oil companies and host governments.
Besides, he opined that depending on present trends, the region is one of the most productive resource basins in the world, where many have enjoyed success.
Technology has long been the answer to our most difficult energy questions, and that is certainly apparent here in West Africa. Through the years, technological innovation has enabled us to overcome incredible obstacles in finding, producing and maximizing oil and gas recovery.
