Since its inception in year 2000, NOG Conference & Exhibition has played a key role in shaping policies in the Nigerian oil and gas industry. The yearly outcomes of the conference have contributed positively in influencing policies in areas such as marginal field bid rounds, local content and gas prices.
NOG has become a part of the institutional framework of the Nigerian oil and gas industry, growing from small beginnings to becoming Nigeria’s most prominent energy industry event. It has also grown and adapted to the geopolitical, environmental and political factors impacting the domestic and global energy markets.
Also worthy of note is the conference role as an advocacy platform for legal reforms in the oil and gas industry, which birthed the 2021 Petroleum Industry Act (PIA). The much-awaited PIA provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters. It aims to open up Nigeria’s oil and gas industry to investment, strengthen industry governance and regulation to expand, grow and maximize value capture for Nigeria and its citizens.
“In its 20 years, the Nigeria Oil and Gas Conference and Exhibition has risen to become one of Nigeria’s and indeed Africa’s largest and most prominent industry events.
“Its creation was the brainchild of two icons of our industry. I am referring, of course, to the late Dr. Rilwanu Lukman of Nigeria and the late Dr. Alirio Parra of Venezuela,” said the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo at the Conference in 2021.
Focus of 2022 edition
The 2022 edition of NOG is themed,
“Funding the Nigerian Energy Mix for Sustainable Economic Growth”. The conference will focus on the strategies that will be employed by the Nigerian government and private sector leaders to navigate the emerging business environment – helping to set the nation’s energy agenda for the next 12 months, and beyond.
“The arrival of the global pandemic led to a disparity in supply and demand of hydrocarbons,
a drop in oil price and an economic crisis of unprecedented magnitudes. This introduced new vulnerabilities to the main contributor to Nigeria’s Government revenues.
“Its creation was the brainchild of two icons of our industry. I am referring, of course, to the late Dr. Rilwanu Lukman of Nigeria and the late Dr. Alirio Parra of Venezuela,”
“Oil continues to be one of the major sources for power generation. However, increasing global investment into cleaner sources of energy, volatility of oil price and the awaited clarity on the legislative framework for oil and gas production in Nigeria all highlight the need for a more diverse energy mix.
“The NOG Strategic Conference will review Nigeria’s positioning within the evolving global energy landscape, with a focus on emerging opportunities to transform her energy industry through robust legislation, technology and innovation, in-country capacity development and actualize energy sufficiency targets,” says dmg Nigeria event, organisers of the conference.
As the world transitions toward cleaner energy sources, there remains a need for energy to drive industrialisation sustainably. Taking stock of Nigeria’s energy resources, a clear agenda must be set for meeting domestic energy demand, increasing export market plays and achieving international environmental standards. According to dmg Nigeria events, the 2022 edition of the conference will assess the strategies in place to strengthen Nigeria’s position as a global energy player and increase the use of low carbon.
With the impact of Covid-19 on oil-dependent economies like Nigeria and how it has introduced greater uncertainties and strengthened pre-existing vulnerabilities, stakeholders will look at new approaches to legislation and policy as part of the strategy to sustain and increase oil and gas industry activities in the country.
Also, lower oil prices, ongoing operational cost and fiercer global competition means an increased need for oil and gas operators to work smarter, faster and more efficiently. According to the brochure, Stakeholders will discuss how the government and the private sector can collaborate to drive down the cost of production. They will also look at areas digital technology can be applied to for rapid value addition and a real return on investment.
Similarly, Nigeria’s oil and gas sector presently accounts for about 70 percent of government revenues and 90 percent of foreign exchange earnings. However, it is projected by the Federal Government that by increasing local content to 70 percent, the country would retain $10 billion annually. The stakeholders will look at the capacity development strategies being developed to create socioeconomic independence for the nation. They will in addition discuss how the proposed Local Content Development and Enforcement Bill and Nigerian Oil and Gas Industry Content Development Act (Amendment) Bill can enhance human capacity development, encourage knowledge and technology transfer and support the domestic manufacturing of goods.
In the last three years, the development of a domestic gas market has been at the top of the Federal Government’s priorities. Stakeholders will look at how the impact of global events on gas price encourages the domestication of gas as compared to export. They will also discuss the appetite of investors considering the domestic gas market value chain, e.g. storage plants, virtual pipelines, liquefaction plants and compression stations as well as look at the untapped opportunities that exist in the use of LPG, CNG and LNG in the domestic market.
Speakers
Some of the confirmed speakers for the 2022 conference include Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva; Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo; Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari; Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe; and Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed.
Others are the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote; Managing Director/Chief Executive of TotalEnergies, Mike Sangster; Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Osagie Okunbor; Chairman/Managing Director of Chevron Nigeria, Rick Kennedy; Group Executive Director of NNPC – Downstream, Adeyemi Adetunji; Group Executive Director of NNPC – Gas & Power, Abdulkabir M. Ahmed; Chairman &Managing Director of Mobil Producing Nigeria Unlimited, Richard Laing; Managing Director of Shell Nigeria’s Exploration and Production Company Limited, Elohor Aiboni; Managing Director & Chief Executive Officer of Nigeria LNG, Philip Mshelbila; and Group Chief Executive Officer of Oando Group, Adewale Tinubu. The complete list and event brochure is downloadable on the event website.