Bala Wunti

Nigerian National Petroleum Corporation (NNPC)

Group General Manager, National Petroleum Investment Management Services

Bala Wunti is a thoroughbred oil and gas industry professional with 30 years’ experience covering Technical, Commercial, Managerial and Executive roles across the oil and gas value chain. He is a graduate of Chemistry from Ahmadu Bello University and has a Master’s degree in Business Administration. Since joining NNPC, Mr. Wunti has held a several key positions in NNPC. He is currently the Group Managing Director, National Petroleum Investment Management Services (NAPIMS) and previously served as Managing Director, Petroleum Products Marketing Company (PPMC), Group General Manager Corporate Planning & Strategy, Senior Technical Adviser to five different Group Managing Directors of NNPC amongst others. Bala has led some critical National Assignments including the review and amendment of the 1993 Deep Offshore Act to improve Government Take from Production Sharing Contracts, renegotiation of Production Sharing Contracts after over 2 decades of stalemate, and commercial negotiations for ~30 different LNG related agreements. He has championed several initiatives such as the “Nigasification Strategy” for powering the Nigerian economy with natural gas and condensate, the “P-PIE Initiative” for eliminating the importation of petroleum products, and more recently optimization of upstream operating costs to sub $10/bbl. Mr. Wunti also has a proven track record in energy diplomacy and international coordination as Nigeria’s National Representative in the Gas Exporting Countries Forum (GECF) and Technical Member of the Organization of Petroleum Exporting Countries (OPEC) Economic Board. 

Sessions With Bala Wunti

Wednesday, 3 March

  • 07:30am - 08:00am (CST) / 03/mar/2021 01:30 pm - 03/mar/2021 02:00 pm

    Strategic Dialogue

    Energy Transition: Global perspectives

    Panel Innovation & Technology Geopolitics/Policy/Regulatory Energy Transition/Climate & Sustainability
    At the start of 2021, there seems to be a race to net zero. Rich OECD countries are at the front with many net-zero commitments by 2050. China has made a net-zero commitment by 2060. Many developing countries around the globe have the dual challenge to supply energy to meet the aspirations of its people while reducing emissions. The pace of transition around the world will be determined by geography, available technology, local policies, and consumer preferences. How will the energy transition unfold globally? What role will digital technologies play? Could countries leapfrog to low-carbon energy sources? What role will major energy companies around the world play to lead this transition?