Financial Energy Review
The Nigerian Association of Petroleum Explorationists (NAPE) is has said that its flagship Annual Pre – Conference Workshop is scheduled to hold in Lagos at the Eko Hotel and Suites, Victoria Island on Wednesday October 26, 2022 from 9:00 am.
According to NAPE the Theme of the Workshop is Energy Security and Transition Strategies: Opportunities and Challenges in Nigeria.
NAPE said that the Speakers at the Event: include: Mr. Bala Wunti, Group General Manager, NAPIMS who will be delivering the Keynote Presentation; Ms. Rose Ndong, Executive Commissioner NUPRC; Mr. Ademola Adeyemi- Bero, CEO/ MD FIRST E & P; Engr. Effiong Okon, Director, New Energy, Seplat Energy; Professor Adeola Adenikinju, Research Professor, University of Ibadan and Mrs. Alero Onosode, CEO, AAO Tsalach limited who will be the Moderator at the event.
“The rising need for transition towards more sustainable energy sources and the global geopolitics requires a strategic rethink around the energy industry in Nigeria. There is need to define the pathway we will choose to achieve the sustainable energy that the populous world deserves.
“The climate change reality is facing us today in Nigeria with desertification in the North and flooding in the south. This change has called for a crucial need to significantly reduce carbon emissions while ensuring available and affordable electricity.
“In response to this new reality, many countries including Nigeria, have set various net zero carbon emission goals. At the 2021 UN Climate Change Conference (COP26), Nigeria committed to achieve net-zero greenhouse gas emissions by 2060 and very recently, launched the Energy Transition plan. The Petroleum Industry Act (PIA) is now in place and Climate Change Act signed into law. The Oil and Gas industry has a role to play towards successful implementation of these regulations and ambitious plan” NAPE said.
According to the Association, globally, significant consumers of the hydrocarbon industry are undergoing a massive technological shift towards low or zero carbon energy usage like electric vehicles.
Adding that the ongoing war, global politics, in-country security challenges and asset divestments exposed the impact of energy supply shortage, but also opened more opportunities for indigenous players.
“This trend also positions us to have a rethink on how to develop Nigeria’s under explored gas rich Cretaceous basins and how the energy transition agenda should be pursued” the Association said.
NAPE said that it is committed to not only supporting the Federal Government’s quest to find more oil and gas and attract investors to take the challenge of finding more oil and gas, but fully aligns with the recently launched Nigeria Energy Transition Plan (NEP). It is for this reason that our 2022 Pre-Conference Workshop is dedicated to this goal.
“Furthermore, Nigeria’s energy security issue cuts across supply disruption, availability and affordability of electricity, crude oil price volatility and energy sustainability concerns
The speakers in this workshop will discuss this increasingly relevant issues on Energy Security & Transition Strategies, with a major focus on understanding the dynamics of gas development and global energy transition processes while leveraging opportunities, partnerships, government fiscal & regulations, decades of Oil & Gas industry experience, and stakeholder engagement necessary to achieve sustainable energy sources.
The outcome of this workshop will outline how Nigeria will adapt her policies and diversify our energy portfolio while taking advantage of our in-country capacity and natural resource base from Oil and Gas to Renewables for the future sustainable economic growth of this country.
A communique of the proceedings will be issued and presented the Federal Republic of Nigeria as our expert contribution towards the actualization of the nation’s Energy Transition Plan.
The Pre- Conference workshop will set the tone for the entire Conference. It is worthy of note that key pieces of legislation in the oil and gas industry such as the Marginal Fields Act and Deep-water Act were based on templates that were distilled from Previous NAPE pre-Conference” NAPE said
