KEY POINTS
- Aradel plans to help Nigeria reach 2 million barrels/day by 2027 and 3 million barrels/day by 2030.
- The company identifies digitisation, capital, and policy as the three pillars for achieving sustainable oil production.
- Falade warns that lack of alignment among these factors could lead to inefficiency, poor investments, and regulatory challenges.
The Managing Director/CEO of Aradel Holdings Plc, Gbite Falade, has revealed the company’s ambition to contribute to Nigeria’s oil production target by reaching 2 million barrels per day by 2027 and scaling up to 3 million barrels by 2030.
Speaking at the Society of Petroleum Engineers OLEF 2026, Falade stressed that production targets should not only focus on volume but also on sustainability, efficiency, and long-term value creation.
Falade highlighted three critical pillars needed to achieve the production goal: digitisation, capital investment, and effective policy frameworks.
He explained that Nigeria must develop robust digital infrastructure to ensure that each barrel produced is “intelligent,” backed by accurate data and efficient systems.
At the same time, adequate capital is required to fund operations, while strong policies must provide the structure to support growth.
Call for Harmonised Industry Framework
Falade emphasised that real progress in Nigeria’s oil sector depends on aligning digitisation, capital, and policy into a cohesive system.
He concluded that the ambition should not just be about hitting 3 million barrels, but achieving “intelligent, optimised, transparently produced, and sustainably financed” output.
