The Federal Government of Nigeria (FGN) and Ministry of Petroleum Resources will assemble upstream, mid-stream and downstream oil and gas professionals from around the world for the its inaugural Nigeria International Petroleum Summit (NIPS)holding from 19th to 23rd February 2018 at the International Conference Centre (ICC), Abuja.
This will be the biggest technical and strategic business conference in the petroleum sector in Africa, as it will present current best practices and emerging technologies to attending engineers, scientists, academia, managers and executives. At the same time, the conference’s exhibiting companies will feature the latest products and services.
Industry professionals and companies know the value and return on investment of meeting and networking at gathering such as this, where the world will meet Nigeria oil and gas. Simply put, this event will explore innovations and technologies covering all things upstream, mid-stream and downstream said Dr. Ibe Kachikwu the Nigeria Minister of State for Petroleum Resources.
This will be reinforced through the attendance of key Nigerian political decision makers, government officials and industry’s specialists from the National Oil Company(NOC) and other relevant government bodies on the one part and Chief Executive Officers (CEOs) of National and international oil companies, multinationals and multilateral organizations, the academia and other relevant stakeholders et cetera.
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.
Aside of been a launching pad for new onshore and offshore technologies showcase among leading, exploration and production, E&P service companies, some of the robust and anticipated offerings at the NIPS2018 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 per cent 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.