NOG Week: Energy Leaders Call for Greater Industry Collaboration

NOG Week: Energy Leaders Call for Greater Industry Collaboration NOG Week: Energy Leaders Call for Greater Industry Collaboration
NOG Week: Energy Leaders Call for Greater Industry Collaboration. Credit: Energyconnects.

The 25th edition of the NOG (Nigerian Oil and Gas) Energy Week has commenced in Abuja, bringing together stakeholders from across the global energy industry to discuss strategies for advancing Nigeria’s energy sector through investment, innovation and collaboration.

The event, which runs from July 5 to 9, is Nigeria’s foremost platform for the international energy community, driving dialogue, strategic partnerships and deal-making to promote a secure, just and sustainable energy future.

Reporting from the conference, News Central correspondent Mercy Babajide said this year’s discussions have focused on local content, collaboration and the need to accelerate economic growth through stronger partnerships across the energy value chain.

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Speaking from the exhibition ground, Babajide noted that industry players from across the oil, gas and wider energy sector had gathered to showcase their businesses and exchange ideas.

She said one of the key messages at the conference came from the Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya,  who stressed that collaboration, rather than competition, would be critical to the sector’s growth.

“Today, we’re speaking about content, and something that the chairman for PETAN has ensured to reiterate is the fact that no country is superior to the other,” she said.

According to her, the PETAN chairman emphasised that he would be “preaching collaboration over competition when it comes to energy,” noting that both the public and private sectors must work together because “most of these policies, they affect each other.”

Babajide also highlighted remarks from a representative of the Namibian Presidency, who reflected on Namibia’s recent emergence as an oil-producing nation.

“We had a representative from Namibia… where she spoke about Namibia discovering their first oil in the year 2022,” Babajide said

NOG Week: Energy Leaders Call for Greater Industry Collaboration
NOG Week: Energy Leaders Call for Greater Industry Collaboration. Credit: News Central TV.

According to the correspondent, the Namibian official described the discovery as “a blessing rather than a curse,” explaining that the country has benefited from collaborating with nations that have longer histories in the energy industry.

On the sidelines of the conference, a sales representative for valve manufacturer A.A. Schneider, said his company had found opportunities in Nigeria through the right local partnerships.

“We have a local partner by the name of Midlap Energy,” he said.

Although his company had spent several years in the Nigerian market, Kelvin said significant progress only came after finding the right business partner.

“We’ve been in the market for the last five, six, seven years, but only recently have we become more active in the market, and we found the right fit, the right partner, the right commitment, and… the right investment also between both parties,” he said.

Asked whether local content requirements posed significant challenges, he said the issues were manageable.

“Not much of a challenge. I think the challenge is mutual, but we can overcome those challenges,” he said.

According to him, stronger commitment and investment would enable technology transfer while creating value for the Nigerian market.

“As mentioned, the right commitment, the right investment, then we can execute the technology transfer, and we can deliver value, local value to the local market,” Kelvin added.

Babajide also said the PETAN chairman raised concerns over inadequate infrastructure in Nigeria’s oil and gas industry, noting that existing facilities have remained largely unchanged for more than 15 years.

He argued that while Nigeria has the potential to produce 3.5 million barrels of crude oil per day, current production remains around 1.5 million barrels, underscoring the need for renewed investment in energy infrastructure.

The correspondent added that discussions and engagements would continue throughout the week as industry leaders explore solutions to strengthen Nigeria’s energy sector and attract greater investment

 

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