DPR, NAPIMS special briefings to hold at NIPS2021
As part of the sessions lined up for the 4th edition of Nigeria International Petroleum Summit (NIPS) taking place at the International Conference Centre (ICC) Abuja, the Department of Petroleum Resources (DPR) and National Petroleum Investment Management Services (NAPIMS) will use the opportunity and the platform to give status update of their organization’s activities to the oil and gas key stakeholders at the event.
The NAPIMS briefing will hold on Wednesday June 9, 2021 with Bala Wunti, Group General Manager, NAPIMS, delivering the keynote with the theme; Covid-19 – New Oil and Gas investment opportunities in Sub-Saharan Africa: Lessons for Nigeria IOCs, NOC, IPP. The session is critical given that new investment portfolios are expected to drive the post-COVID-19 era in the oil and gas industry.
The briefing will be followed by a panel session that will feature Victor Bandele, Deputy Managing Director, Total Energies; Bayo Ojulari, Managing Director, Shell Nigeria Exploration & Production (SNEPCO); Patricia Simon-Hart, Managing Director, Aftrac Limited and Victor Okoronkwo, Managing Director, Aiteo Eastern Exploration and Production.
The following day, Thursday June 10, 2021, the Department of Petroleum Resources will hold its own briefing with Auwal Sarki, Director/Chief Executive, DPR, delivering a keynote with the theme; Independent and Marginal Oilfields Development Status in Nigeria and its Role in Gas-Powered Economy.
It will be noted that last week, the DPR announced that it would issue award letters to successful investors in the 2020 marginal field bid round programme. The oil regulator had projected that Nigeria will net about $500 million from the signature bonuses on the fields, the first marginal field round to hold since 2002.
It is, therefore, expected that the chief executive of the DPR will use the opportunity at NIPS2021 to give an industry-wide update on the concluded marginal fields bid round.The panel session that will follow the DPR briefing will feature Chike Nwosu, Managing Director/Chief Executive, Waltersmith Petroman Oil Limited; Ainojie Irune, Chief Operating Officer, Oando Energy Resources; Wale Olafisan, Managing Director/Chief Executive, Amni International Development Company, Ladi Bada, Managing Director/Chief Executive Shoreline Natural Resources Limited, John Anim, Managing Director/Chief Executive, Platform Petroleum Limited and Abel Nsa, Assitant Director, Department of Petroleum Resources.
NIPS is a federal government of Nigeria official petroleum industry event with the Federal Ministry of Petroleum Resources and all its parastatals including the NNPC, NCDMB, DPR, PEF, PTDF and PTI are joint hosts.