Yemisi Izuora
Lagos State, along with eight (8) other states has been selected to be highlighted during the Nigeria International Petroleum Summit (NIPS2018) an Africa Petroleum Technology and Business Conference(APTC)which will be hosted under the auspices of the Federal Government of Nigeria from 19th to 23rd February 2018 at the International Conference Centre (ICC), Abuja.
It would be recalled that, the Vice President of the Federal Republic of Nigeria, Prof.. Yemi Osinbajo, unveiled the official launch of Nigeria International Petroleum Summit 2018 in the presence of 19 African Ministers of Petroleum and delegates who attended the African Petroleum Producers Organisation (APPO) meeting in Abuja, Nigeria recently and appointed Brevity Anderson Consortium to manage the event.
As a recognised government of Nigeria official international platform and the key event in the continent of Africa oil and gas industry, the technology and business conference will bring together Africa Ministers in charge of Petroleum and Energy, chief executives and senior level directors of major oil, gas and allied companies starting from next year to discuss key oil and gas projects in the Africa continent and ensure energy security.
The participation of Lagos state and other Nigeria oil bearing states in the exhibition’s testifies to its high status. The Federal Ministry of Petroleum Resources and the State Oil Company of Nigeria (NNPC) have shown invaluable support for the petroleum technology and business Summit 2018 as companies from Africa, Europe, Asia and America etc. will take part in the exhibition to demonstrate innovative technologies in oil production and transportation of energy resources, provision of oil and gas storage systems, services, existing and future oil and gas projects in the continent, and much more.
The event’s status is consolidated by its line-up of sponsors which include the international, independent , marginal oil fields companies; service companies; financial services and insurance; construction and engineering firms among others.
According to James Shindi, the Project Director of NIPS2018, aside of been a launching pad for new onshore and offshore technologies showcase among leading E&P service companies, some of the robust and anticipated offerings at the Africa petroleum technology and business conference (APTC) include opportunity to witness licensing/ bid rounds, bid sign-off, major contract signing and economic diversification initiatives of the country.
Nigeria’s petroleum industry is the largest in Africa with proven Oil and Gas reserves of 37 billion barrels (bbl) and 192 trillion cubic feet respectively. The sector contributes about 10% to the country’s Gross Domestic Product and accounts for 95% of all exports..
Given that Nigeria’s Gas reserves have remained largely untapped, the country is expected to make a shift towards becoming a major producer and exporter of Gas which the summit provide with an excellent business environment to interact, cross-pollinate ideas and to make deals happen.