Oil and Gas Republic SAIPEC Special Edition 2020

OGREPUBLIC
PUBLICATION
OIL & GAS REPUBLIC
www.oilandgasrepublic.com Vol 4 JANUARY - FEBRUARY 2020
January/February Issue 2020
USA $12, Europe €10, UK £8, Nigeria N1500, South Africa R60
COUNTRY
REPORT
INTERVIEWS
AND
INDUSTRY
NEWS
I S S N 2 7 0 5 - 2 0 5 2
GEP, PETAN, OTHERS JOIN FORCES TO DEVELOP
SSA OIL & GAS INDUSTRY: This comes in-line
with the establishment of SAIPEC.
NCDMB TAKES LOCAL CONTENT TO NEW HEIGHTS
IN AFRICA: NCDMB is at the forefront of
facilitating local capacity development in Africa

INTRODUCTION
Publisher & Editorial Director:
Engr. Idowu Babalola
(MBA, MNSE, MEI)
Editor-in-Chief:
Tobi Owoyimika
Senior Correspondent,
Technical and Creative Writer:
Ndubuisi Micheal Obineme
Correspondents:
Genevieve Aningo
Jackson Olagbaju
Oil and Gas Republic's quarterly magazine explores the global oil and gas industry,
featuring latest trends in the industry. This publication is a SPECIAL EDITION focused
on Sub-Saharan Africa International Petroleum Exhibition & Conference 2020.
In this publication, we also featured some of the industry's latest trends especially in
Sub-Saharan Africa Region where there are number of projects underway and industry
experts has forecasted that the region will contribute about 2.3 million barrels per day
(mmbd) of global crude and condensate production and about 9.6 billion cubic feet per
day (bcfd) of global gas production in 2025.
This publication also provides key recommendations from industry experts on ways of
improving African oil and gas business and investment environment.
We look forward to continue reporting about the oil & gas industry on our next edition.
Please send your feedback or general inquiries as we will be happy to respond as soon as
possible.
Tobi Owoyimika
Contributing Authors:
Ayobami Adedinni
Binutiri Samson
Editor-In-Chief
OGREPUBLIC
PUBLICATION
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Reg. Number: 2347423
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OIL & GAS REPUBLIC
www.oilandgasrepublic.com Vol 4 NOVEMBER - DECEMBER 2019
EDITORIAL CONTENTS
SAIPEC FEATURES PAGE 6
INDUSTRY NEWS PAGE 12
LOCAL CONTENT PAGE 19
FEATURED CONTENT PAGE 25
EXCLUSIVE INTERVIEW PAGE 26
SAIPEC TOP STORIES PAGE 29
November/December Issue 2019
USA $12, Europe €10, UK £8, Nigeria N1500, South Africa R60
COUNTRY
REPORT
INTERVIEWS
AND
INDUSTRY
NEWS
SAIPEC INTERVIEW PAGE 34
SAIPEC SPONSORS PAGE 36
I S S N 2 7 0 5 - 2 0 5 2
NIGERIA, CANADA TO RATIFY INVESTMENT
AGREEMENT IN 2020: Nigeria and Canada
Bilateral Trade Worth $984 Million.
UK SET TO HOST AFRICA INVESTMENT SUMMIT
IN LONDON BY JANUARY 2020: The idea is to
Showcase the opportunities that UK can offer.

Total is one of the largest international oil and gas companies in the world involved in
Upstream, Midstream and Downstream activities not only to produce energy but to
supply energy to the people. The Group operates in more than 150 countries. The
Group is also a first rank player in chemicals, exploration, and production of oil and
natural gas, refining and marketing, gas and new energies, trading, and chemicals.
Its 96,000 employees put their expertise to work in every part of the industry.
In Nigeria, Total operates over 500 service stations across the country, all strategically
positioned to ensure quality products and services from Total. The company is also
expanding its global network of service stations in order to be closer to its customers
on a daily basis. Total owns over 16,000 stations, offering quality products and services
tailored to customer needs.

Total service station in Onigbagbo, Ikeja,
Nigeria, is equipped with solar panels, launched
in Lagos on June 12, 2014, and making it the
first self-powered station in West Africa.
In Berlin-Schönefeld, Germany, its station is
completely autonomous and powered by a
combination of fully renewable energies (solar,
wind and hydrogen). The Solar-powered filling
station is a new innovation introduced by Total
Plc which is a case study to encourage the use of
safe energy in Nigeria. The construction of the
service station is part of efforts aimed at
providing energy solutions that are efficient and
environmentally friendly.
The Onigbagbo Total solar service station is an
integral part of the group's efforts to reinforce
our network identity with a resolutely
contemporary image, installations that are
more energy-efficient and outlets that blend
harmoniously into the environment.
The SunPower photovoltaic panels on its
forecourt roof convert the sun's rays into
electricity. This electricity is used to supply
renewable energy to power the entire service
station.
Its eco-friendly design, transparent canopy,
earthy and neutral color tones, and green area
creates a warm and welcoming environment for
our esteemed customers.
This innovative service station also features
zero emissions of harmful greenhouse gases,
zero noise pollution, and a renewable energy
source. Therefore, whether customers fuel,
service or wash their cars or simply get cold
drinks at its Café Bonjour shop, they are
partnering with us to build a more sustainable
environment. The establishment of the solarpowered
service station clearly depicts Total's
dedication to continuous improvement and the
establishment of an identity related to constant
innovation that makes Total different in the
global energy industry.
Total's management team said that innovation
was part of the company's effort to catch up with
the ongoing energy transition. The service
station, which also houses a departmental store
makes it less dependable on public electricity or
fuel to power generating sets as well as boost
customers' confidence in its services.
The goal within the next five years is to equip
5,000 Total stations with solar panels. This
project is equivalent to
installing approximately 200 megawatts of
power and represents an investment of close to
$300 million. It will reduce CO2 emissions by
100,000 metric tonnes per year. The Group is
also present in Africa, where it has been
involved in distribution for over 80 years. Total is
the leading distributor of petroleum products
with 4,300 stations located throughout 36
countries.
In Africa, for example, where more than 70% of
the population is equipped with a mobile phone,
Total offers mobile payment and money transfer
solutions in partnership with service providers
such as Orange and Airtel. This service already
exists in 20 African countries and will soon be
extended to 10 other countries in Africa.
The total network consists of 16,000 service
stations in 66 countries, situated in city centers,
suburban areas and along major roads and
highways. This includes the European AS24
network devoted to heavy goods vehicles, with its
770 stations located throughout 28 countries.
Total has developed a smartphone app. Available
in seven languages, it suggests routes and
indicates the location of its stations and the
services they provide.
Lubricants: Total's globally acclaimed range of
lubricants are developed through continuous
research & innovation, and in cooperation with
equipment manufacturers to create high
technology, energy-efficient products for optimal
performance and protection of machinery.
As the world's fourth-largest distributor of
lubricants and the leading distributor of
petroleum products in Africa, Total Marketing
Services operates 50 production sites worldwide
where it manufactures the lubricants, bitumen,
additives, special fuels, and fluids that sustain its
growth.
In 2018, Total Lubrifiants, a world leader in
lubricants, and Temot, a global automotive parts
and accessories purchasing company, entered a
new partnership agreement.
This three-year strategic partnership will enable
customers around the world to benefit from
TOTAL's broadest and most powerful range of
lubricants available today.
Bonjour Shop: Total has also diversified its line of
products and services offered at its stations,
which are becoming true 'one-stop-shop' and
opening its network to partners providing food
service. Stopping at a station provides an
opportunity to do much more than just stretch
your legs.
You can grab a snack, drink and so much
more in Total's Bonjour shops. The company has
also partnered with top quick-service
restaurants such as Chicken Republic and KFC to
ensure all your needs are met at one-stop.
Car Wash: There are 3 decisive features in
selecting a car wash, Wash quality, Vehicle
protection, and value for money; Total offers a
variety of car wash packages covering all three
features that ensure your car gets the shine it
deserves.
In Nigeria, the company's car wash is located at
Igbobi Service Station, Ikorodu Road, Ikeja, etc...
Over 20 of its stations have the manpower to give
your car a good traditional hand wash.
Total Wash centers also demonstrate its
commitment to eco-responsibility as 150 of
these facilities recycle around 75% of the water
they use.
e-cash: Financial Services in Total Service
Stations. In making Total a one-stop-shop for all
your needs. Automated Teller Machines (ATM)
are installed in select stations in Nigeria.
Quickteller: A platform called Quickteller is
available in Total services stations to facilitate
the performance of other financial transactions
such as mobile money services, bills payments,
Airtime vending, funds transfer and collection
points for international remittances e.g. Western
Union, Money gram, account opening for banks
and lots more.
Total e-cash - *737# Cashout: Total customers
can now make cash withdrawals in select Total
Service Stations without an ATM as the company
has partnered with GTBank. Total Nigeria Plc now
offers customers the opportunity to get cash from
selected stations with the "dial of a button".
How does it work?
Customers dial a USSD string on their mobile
phones e.g. *737*35*AMOUNT*SAP CODE# to
withdraw cash from Total service stations.
The customer's GT Bank account is debited by the
amount withdrawn, and Total's account is
credited. The station staff then releases the cash
to the customer.
Benefits
Convenient service for the customer through
Instant cash out.
Reduces the need to go to the ATM or bank to
withdraw cash.
Enhanced liquidity management: Total Stations
are able to manage cash and save time in going
to the bank to deposit cash.
No installation or capital expenditure required:
GTBank has provided the phones required for the
50 (fifty) stations in the pilot phase.
Courier Service: DHL Express, the world's
leading international express services provider
and Total, Nigeria's leading multinational energy
and provider of convenience services, has come
together to provide customers with better access
to global express services. A consumer looking
to send documents or parcels overseas can
simply walk into a Total service station to send
their shipment, ensuring greater convenience
and accessibility to the over 220 countries and
territories that DHL serves.
This further emphasizes the TOTAL's vision of
being a one-stop-shop that caters to the growing
needs of consumers beyond just the provision of
petroleum products.

SAIPEC FEATURES
GEP, PETAN, Others Join Forces to Develop Sub-Saharan
Africa Oil & Gas Industry
By Ndubuisi Micheal Obineme
a much greater Sub Saharan Africa
involvement, hence the progression to the
SAIPEC brand moving forward.
“The Sub Saharan Africa International
Petroleum Exhibition and Conference will
again return to the Eko Convention Centre
25-27 February 2020 for its 4th edition.
“Working directly with PETAN and a team of
industry thought leaders; we will draw on
these global resources to ensure that the
event delivers to the needs of all
stakeholders throughout the region,” he
concluded.
Global Event Partners, Petroleum
Technology Association of
Nigeria, PETAN, and other
industry players has joined forces to
develop the Sub-Saharan Africa oil and
gas industry. This comes in-line with the
establishment of the region's major
industry event, known as Sub-Saharan
Africa International Petroleum
Exhibition and Conference (SAIPEC)
scheduled to hold on 25 - 27 February
2020, in Lagos.
Global Event Partners, GEP, are among
those companies at the forefront
creating a business platform for the oil
and gas industry as a whole. GEP is
organising international energy events
that attract industry stakeholders,
government officials, operators to
share knowledge and expertise.
GEP will be organising the Sub-Saharan
Africa International Petroleum
Exhibition and Conference, SAIPEC,
held in partnership with the country’s
petroleum sector and hosted by
Petroleum Technology Association of
Nigeria (PETAN).
SAIPEC 2020 will kick off with an
outstanding Keynote Session,
Extremely focusing on Transformation
in Sub-Saharan Africa. GEP has added
five new features to the conference
programme. It explores the unrivalled
opportunities, and will also recognise
the best-performing companies, local
content projects plus women in energy.
The event also serves as a practical
solution for the SSA oil & gas industry,
connecting industry players working
together to advance sustainable growth and
development in the region.
PETAN Chairman, a member of the SAIPEC
Steering Committee, Bank Anthony
Okoroafor, said that the oil and gas industry
in the region must be an enabler for Africa’s
economic growth and not just a revenue
earner.
He further stated that Africa is still underexplored
with huge hydrocarbon resources
and the continent has the opportunity to use
its oil and gas reserves to boost its economic
and social development.
He said: "The future prospects look brighter
than before. Investors have changed their
perception of Africa as a risky jurisdiction to
jurisdiction of enormous opportunities.
With the enablers in place, the oil and gas
industry will finally become a source for
Africa economic growth and not just a
revenue earner.
" R e g i o n a l c o l l a b o r a t i o n r e q u i r e s
government and industry working together
because of the complex issues involved –
this is exactly what SAIPEC sets out to
achieve," he added
Paul Gilbert, Event Director, and member of
SAIPEC Organising Committee commented:
“With a record-breaking 2,817 exhibition
visitors, 650 delegates from across 36
countries, 11 NOC’s, 104 exhibitors and 54
speakers, the 3rd edition was the most
successful event.”
“As the event has continued to grow and
develop, it is increasingly attracting a much
wider and more global audience, particularly
SAIPEC is a major industry event in Sub-
Saharan Africa that attracts delegates from
Nigeria, Uganda, Ivory Coast, Ethiopia,
Kenya, Senegal, Gambia, Liberia, Ghana,
Angola, Mozambique. Each country will
share opportunities in its oil and gas
industry, and learning points and areas open
for exploitation and cooperation.
The SAIPEC Conference feature a wealth of
content for both strategically and
technically minded companies seeking a full
solution event.
SAIPEC PROSPECTING
SAIPEC Prospecting provides an unrivalled
opportunity for prospecting NOC’s and
governments alongside geoscience
companies to showcase the latest blocks on
offer from throughout Sub-Saharan Africa.
SAIPEC WOMEN IN INDUSTRY
SAIPEC’s Women in Industry provides a
unique platform for some of the finest minds
of the oil and gas industry in Sub-Saharan
Africa to convene and connect, and put
forward solutions towards building a diverse
and inclusive oil and gas industry.
SAIPEC AWARDS
SAIPEC Awards will unite the oil and gas
industry’s most prominent, market-leading
and innovative companies throughout the
value chain together to celebrate Sub-
Saharan Africa’s developments and
achievements.
SAIPEC AFRICAN CONTENT SERIES
SAIPEC African Content Series addresses
the opportunities in the successful
implementation of local content across a
series of discussions from heads of NOC’s,
IOC’s and Independent and Indigenous oil
and gas companies.
And, in partnership with the Nigerian
Content Development and Monitoring
Board (NCDMB).

SAIPEC FEATURES
Collaboration and Adopting New Technologies Major
Talking Points in Africa’s Oil & Gas Industry
...Operators are looking for further collaboration, innovation and best practices to lowering
cost and risk for their deepwater projects
Global Event Partners, GEP, is at the
forefront, creating a business
platform for the oil and gas
industry globally. GEP is organizing
international industry events that attract
industry stakeholders, government
officials, operators to share practical
experience in the oil and gas industry.
One major event the company will be
organizing in 2020 is the Sub-Saharan
Africa International Petroleum Exhibition
and Conference, SAIPEC, the largest
industry event in the region.
SAIPEC presents practical solutions for
the Sub-Saharan Africa oil & gas industry
and connects industry players working
together to advance innovation and best
practices that will foster growth and
development in the region. The event is
also an avenue where operators
showcase their projects to industry
stakeholders as well as investors.
This article provides more insights into
how industry players have been working
to create new innovative strategies that
will improve the competitiveness of their
operations in the offshore oil and gas industry
in Africa.
During the 2019 edition, Shell Nigeria
Exploration and Production Company
Limited, SNEPCO, launched its Deepwater
Book. Shell has 60 years operational record in
Nigeria and playing a key role in onshore,
shallow and deep-water oil exploration and
production with a strong working partnership
with the Federal Government of Nigeria, local
and international companies, investors,
contractors, and communities to develop the
country's oil and gas sector.
SNEPCO holds interests in four deepwater
blocks, three of which are under the terms
contained in a Production Sharing Contract. It
operates OML-118 (including the Bonga field,
55% interest) and OML-135 (Bolia and Doro,
55% interest) and holds 43.75% interest in
OML-133 (Erha) operated by the ExxonMobil
subsidiary Esso Exploration and Production
Nigeria (Deepwater) Limited.
SNEPCO separately holds 50% interest in
OPL-245 (Zabazaba, Etan), which is operated
By Ndubuisi Micheal Obineme
by the ENI subsidiary Nigerian Agip
Exploration Limited, under a Production
Sharing Agreement.
According to Shell's annual report, about
617,000 barrels of oil equivalent per day were
produced in 2018: average daily production
by Shell-operated ventures in Nigeria, while,
92 percent of Shell Companies in Nigeria
contracts are awarded to Nigerian companies
in 2018.
The deep waters of the Gulf of Guinea hold
rich abundant oil and gas resources. These
fields deliver vital energy to help meet the
growing energy demand in Nigeria and
international markets. The Shell Nigeria
Exploration and Production Company's
deepwater production comes from the Bonga
and Erha fields which accounted for 15% of
Nigeria's total oil production in 2018. This
translates to 37% of Nigeria's deepwater
production in 2018.

SAIPEC FEATURES
Bonga FPSO can produce up to
225,000 barrels of oil per day, and 170
million standard cubic feet of gas per
day. The Bonga field achieved a
cumulative export of more than 819
million barrels of oil in 2018.
As part of its effort to boost production,
Shell deployed state of the art 7th
generation drillship in the Bonga field.
The FPSO vessel's capacity has been
upgraded in recent years, allowing
SNEPCO to expand the main Bonga
field with further drilling of wells in
Bonga Phases 2 and 3.
SNEPCo pioneered the use of deepwater
technology in Nigeria. Bonga
boasts the first, largest and most
technologically advanced polyester
moored deep-water buoy built in
Nigeria. The SPM buoy was fabricated
and installed at Nigerdock, Snake Island
in Lagos.
Five subsea trees were refurbished at a
fabrication yard at Onne in Rivers State,
the first in Sub-Saharan Africa with
Nigerian engineers and technicians
playing key roles. The refurbishment of
the subsea trees has helped to increase
oil production in the Bonga field.
B o n g a h a s u n d e r t a k e n m a j o r
turnaround maintenance, which
covered statutory and regulatory
checks, inspections, recertification,
repairs and replacement of equipment
as well as an upgrade of facilities.
More than 1,000 people and 50
Nigerian contractor and sub-contractor
companies participated in the 2017
turnaround. All fabrications were done
in Nigeria, an innovation that marked a
turning point in SNEPCo's efforts to
develop the capabilities of Nigerian
companies in the provision of goods
and services in deepwater oil and gas
production.
During 2018-2019, wells are being drilled in
the Bonga field to sustain production by
using a newly built 7th generation Enesco
DS10 drillship.
The rig has several state-of-the-art features
including; a specialized drill (dual rotary) and
crane (heave-compensated) for enhanced
capability. It is capable of drilling in water
depths up to 3,600 meters and maximum
drilling depths of 12,100 meters. The rig has
two blow out preventers that are compliant
with Tier 2 emission standards.
After receiving bids in 2015, the project
scope was reviewed to significantly reduce
cost. In early 2019, following the conclusion
of OML 118 negotiations between SNEPCo
and the NNPC, a clear commercial
framework is in place, supported by the
government and project investors, toward a
potential Bonga South West Aparo Final
Investment Decision.
In early 2019, SNEPCo also announced the
release of Invitation To Tender (ITT) for
engineering, procurement and construction
contracts for the 150,000 barrels per day
development of the Bonga South West
Aparo (BSWA) oil field. The project's initial
phase includes a new FPSO vessel, more
than 20 deep-water wells, and related
subsea infrastructure. The field lies across
Oil Mining Leases 118, 132 and 140, about
15km southwest of the existing Bonga Main
FPSO.
Country Chairman of Shell Companies in
Nigeria, Osagie Okunbor, said: "Through
2018 we continued to produce crude oil and
natural gas, distribute gas to industries and
for domestic power generation and produce
Liquefied Natural Gas for export, which
generated revenues for the government.
The companies also contribute to social
investment in communities and indigenous
companies."
"In 2019, we will continue to cement our
place as a valued partner by maintaining our
close collaboration with our joint venture
partners, host communities, the tiers of
government in Nigeria and other
stakeholders to further contribute towards
the drive for sustained economic growth in
Nigeria”
In West Africa, the current outlook shows
that there are still unexplored offshore areas
with huge potential for oil and gas. The
challenge, of course, is that this new
potential is mainly located at deepwater
depths.
In Sub-Saharan Africa, operators from both
NOC's and IOC's are looking for further
collaboration, innovation and best practices
to lowering cost and risk for their deepwater
projects.
Maersk Drilling firmly believes that there is a
need for Kristalina strategic partnership Georgieva across the oil
and gas value chain and pursue innovation in
both technology and business models. The
company is pursuing two types of
innovation, which are; Technology and
Commercial Innovation.
Maersk Drilling’s former Chief Operating
Officer, Angela Durkin, discussed on the
subjects matter of "Surviving the
Downturn" and "Future Outlooks for West
Africa" at a conference.
In her words, she explained that Maersk
Drilling had been operating successfully in
Angola for a couple of years, contributing to
the country's budding oil industry. But when
the oil price dropped, projects simply
stopped dead in their tracks because the
much lower oil price could not sustain the
higher costs of deepwater exploration and
production.
"With the current rise in oil price, optimism
is returning to the West African industry. It
is no surprise that local authorities are eager
to restart projects and introduce new
licensing rounds, with all the benefits they
could bring to their countries.
"Oil equals revenue at the national level, but
it also brings an influx of skills and
competencies when we include local
content and an additional boost to the local
economy when supplies and services are
procured locally, as we in Maersk Drilling
prefer to do whenever possible," she added.
According to her, the lesson learned must be
that West African deepwater is quite
Vulnerable to the traditional boom-bust
cycle. She adds: "This challenge is not
smaller in a world with renewables on the
rise, where oil and gas must compete with
alternative energy sources on near-equal
terms.
"The answer to this can only be to establish a
more sustainable foundation for the
projects to decrease the risk that recurring

SAIPEC FEATURES
bust-cycles mean they never really get
off the ground. To do that, we at Maersk
Drilling firmly believe that we need to
cooperate closer across the value chain
and pursue innovation in both
technology and business models"
Aligned incentives will drive efficiency
Speaking about driving efficient
operations in the oil and gas industry,
Angela Durkin emphasized that
leveraging new technology is an
enabler to boost production and reduce
costs for deepwater projects.
"We are still at a point where it requires
up to 60 suppliers and 6,000 invoices to
drill a single well, and the net nonproductive
time across all services on
the well is 20-25% from the oil
company's perspective, even when the
individual service providers can claim
uptimes close to 100%.
"To fix this, we need to work closer
together and make sure that incentives
are aligned across the board," she
explained.
She stressed that much progress has
been made in recent years in terms of
cost-cutting. Hard times have forced
many to take a harder look at their cost
base. But it is important to realize that
not all these cost-savings are
sustainable in the long term.
“For the improvements to be sustainable, I
believe we should attack the issue from a
mindset of driving efficiency, not only
saving costs. It is evident that some costs
can be saved, but if we simply continue to
squeeze out costs from all parts of the value
chain, it will inevitably result in higher risk
and impaired performances.
"There is more to be gained from
collaboration and coordination, making sure
that the goals of all parties are aligned, and in
that way focusing on faster and better
delivery, not only cheaper. If we do it right,
we can make the cake bigger for everyone
involved, "she noted.
New business models to ensure long-term
viability
She further explained that the oil and gas
industry needs to evolve and agree upon
new business models which can establish
smoother interfaces between all parties
involved.
"As anyone who has ever been part of a
drilling campaign will know, coordination is
easier said than done. As mentioned above,
60 suppliers and 6,000 invoices can be
involved when we drill a single well.
"That is exactly what we are targeting in the
alliance between Aker BP, Maersk Drilling
and Halliburton where Maersk Integrator
next year will become the first rig to work
fully under the alliance's incentive structure,
sharing the pain and gain on the well
between the alliance partners.
“If we are able to transport this way of
thinking to the emerging West African
markets, with local governments and
regulators as important enablers, a similar
focus on collaboration and alignment can
become a key component on the way to
confirm West African deepwater as a strong
long-term proposition.
"And most importantly, this will require
operators and contractors to establish close
and mutually beneficial relationships with
local vendors and suppliers. Such
relationships make it easier to run a safe and
efficient operation, which again will ensure
that business and society cooperate for
better value," she concluded.
The upcoming Sub-Saharan Africa
International Petroleum Exhibition and
Conference in Lagos on February 25 – 27,
2020, will present practical solutions for the
SSA oil & gas industry, and connecting
industry players together.
Oil and Gas Republic, an official event
publication, will be producing unique
content on collaboration, innovation, local
content, and latest industry trends across
the African region.

SAIPEC FEATURES
SAIPEC 2020: Industry Players Set to Unleash SSA’s
Onshore and Offshore Opportunities
As the Africa's energy industry has
entered into a new era of
prosperity, industry players,
regulators, NOCs, IOCs, will open up
discussion on the range of opportunities
for onshore and offshore exploration and
development across the Sub-Saharan
Africa oil and gas industry. The sessions
will highlight the opportunities as several
new and existing countries will offer their
prospects, dynamics’s of Sub Saharan
Africa’s Oil and Gas, the impact of the oil
sector in Sub Saharan Africa over the
next five years, new approaches to Sub
Saharan Africa’s Gas industry among
others.
Nigeria and Ghana top list of markets to
watch for key project developments,
according to African Energy Chamber
report.
The report is spotlighting the $12 billion
Dangote Refinery in Nigeria and Ghana's
Tema LNG Terminal, the Chamber noted
essential role such projects play in
revamping the sector and creating
opportunities for private sector
investors.
On the Dangote Refinery, the Chamber called
attention to the current state of Nigeria’s
infrastructure and the contribution the
project would have specifically as the country
works towards tripling its refining capacity to
1.5 million bpd by 2025 as a means to reduce
its reliance on fuel imports.
To this, the report said, “the refinery’s tank
farms are set out for completion in Q4-19 and
they may be used as a depot before the
refinery’s production starts. This would
provide an immediate increase to fuel storage
capacity.”
Ghana’s determination to become sub-
Saharan Africa’s first LNG importer in 2020 is
set to become a reality as the Tema LNG
terminal project nears completion. The
project will be able to cover 25 percent of
Ghana’s total electricity generation capacity,
with gas providing a cheaper alternative to oil.
Senegal has launched, for the first time in the
history of petroleum exploration in the
country, a licensing round of three blocks of
sediment basin. The licensing round would be
By Ndubuisi Micheal Obineme
promoted at international oil conferences,
during a first phase of the process, while
energy companies would be able to evaluate
the blocks’ potential between the end of
January and end of July 2020, according to
Senegal’s Oil and Energy Minister
Mahamadou Makhtar Cisse. Senegal has seen
predominantly natural gas discoveries
offshore in recent years, most of which are
shared with neighbouring Mauritania.
Angola’s newly formed national oil, gas and
biofuels agency, ANGP, announced that the
country has formed a consortium with five
international oil companies, including Eni and
Chevron, to develop liquefied natural gas
(LNG) for its Soyo plant. The consortium’s
project, costing an initial $2 billion, is
expected to start production by 2022.
In an interview, Uganda’s Minister of Energy
and Mineral Development, Irene Muloni, says
"Uganda is Ready for Business".

SAIPEC FEATURES
Uganda will be among the African
countries leading a delegation of
private and public sector players at
SAIPEC 2020.
During the event, in a National
Showcase, SSA countries will be
showcasing their ongoing second
licensing round for oil exploration, and
other opportunities in its sector.
Equatorial Guinea’s Oil Minister,
Obiang Lima, said that his country
would award seven to eight blocks from its
current licensing round at the end of
November.
A data room for companies interested in the
Zafiro oilfield license would be opened as
soon as possible Minister Lima said.
Chairman of Mozambique’s upstream
regulator, INP, Carlos Zacarias announced
that the country’s long-awaited sixth
licensing round is due to be launched early
next year.
INP, Zacarias said, is currently working out
which acreage to offer industry and will then
submit its proposal to government for
approval.
Industry players from Ivory Coast, Nigeria,
Mozambique, Senegal, Uganda, Angola,
Cameroon, Ghana, Liberia, Equatorial Guinea,
South Sudan, Gambia, will be participating at
the SAIPEC 2020.
................................................................................................................
CEOs from Sub-Saharan Africa’s NOCs, IOCs to speak at
SAIPEC 2020
C
EOs from Sub Saharan Africa’s National Oil Companies, International Oil Companies, will be speaking at the SAIPEC 2020. The 4th
PETAN Sub Saharan Africa’s oil and gas conference provides a unparalleled opportunity to hear first-hand from CEOs and
managing directors of NOCs, IOCs, indigenous oil companies and the whole value chain who come together to discuss new and emerging
opportunities from across Sub Saharan Africa.
The confirmed speakers includes; Mr Bank-Anthony Okoroafor, Chairman, Petroleum Technology Association of Nigeria (PETAN), Federal
Republic of Nigeria, Engr. Simbi Wabote – Executive Secretary – NCDMB, Federal Republic of Nigeria, Dr Ibrahima Diaby, Chief Executive
Officer, Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire (Petroci), Côte d'Ivoire, Mr Omar Mitha, CEO, ENH, Republic of
Mozambique, Dr Kofi Koduah Sarpong. CEO, Ghana National Petroleum Corporation, Republic of Ghana, Mr Victor Ogwuda - Deputy Country
Manager and Asset Manager - Equinor Nigeria, Federal Republic of Nigeria, Mr Mike Sangster, Managing Director, Total E&P, Federal Republic of
Nigeria, Mr Bayo Ojulari, Managing Director, Shell Exploration and Production Company, Federal Republic of Nigeria, Mr Jeffrey Ewing,
Managing Director, Chevron, Federal Republic of Nigeria, Mr Ahmadu Musa Kida, Deputy Managing Director, Total E&P Nigeria, Federal
Republic of Nigeria, Dr. Ben Asante, Chief Executive Officer, Ghana Gas Company Limited, Republic of Ghana, Mr Omar Mitha, CEO, ENH,
Mozambique – Rovuma LNG case study, Republic of Mozambique, Mr Jean Jacques Koum, Director of Gas, SNH, Republic of Cameroon, Mr
Ahmadu Musa Kida, Deputy Managing Director, Total E&P Nigeria, Federal Republic of Nigeria, Mr Augusto Artur Antonio DA Silva, Secretary
General, AGC - Senegal/Guinea Bissau, Mr. Immanuel Mulunga . Managing Director, NAMCOR, Namibia, Attorney Saifuah-Mai Gray, President
and Chief Executive Officer, National Oil Company, Republic of Liberia, Mr Jide Agunbiade, Director, National Oilwell Varco, United States of
America, Mr Walter Peviani, Managing Director, SAIPEM Contracting, Federal Republic of Nigeria, Mr Austin Avuru, Chief Executive Office,
SEPLAT, Federal Republic of Nigeria, Mr Jeff Ewing, Chairman and Managing Director, Chevron, Federal Republic of Nigeria, Mr Bayo Ojulari,
Managing Director, The Shell Nigeria Exploration and Production Company (SNEPco), Federal Republic of Nigeria, Dr Achille Ngwanza, Legal
Consultant for APPO, Jus Africa SARL, Mr Braulio de Brito – President of the Board, Association of Contracted Companies of Angola Oil & Gas
Industry (AECIPA), Angola, Mrs Jessica Kyeyune, National Content Expert, Uganda National Oil Company (UNOC) Uganda

INDUSTRY NEWS
TALKING POINT
Olusegun Obasanjo
Nigeria's Former President
Collaboration Key to Sustainability for the oil and gas
sector in Africa
Nigeria's Former President, His
E x c e l l e n c y O l u s e g u n
Obasanjo, flies the flag for a
strong oil and gas future in Africa as
he points to collaboration as the key
to sustainability for the sector.
Nigeria is the second biggest oil-rich
country in Africa, after Libya, and the
commercialization of resources has
been in the hands of the Nigerian
National Petroleum Corporation
(NNPC).
During his tenure, he was pivotal to
Nigeria's oil activities as well as
setting the nation on the path to
democracy. He was president of
Nigeria, Africa's most populous
nation, from 1999 to 2007
overseeing Nigeria's first democratic
h a n d o v e r o f p o w e r a n d
administrative reforms that
accelerated economic growth. He is
credited for his pivotal role in the
regeneration and repositioning of
the African Union, including helping
to establish the New Partnership for
Africa's Development (NEPAD) and
the African Peer Review Mechanism
(APRM), designed to promote
democracy and good governance.
Despite being out of the office for 12
years H.E. Obasanjo is still a very
influential and popular figure in the
continent. And, he has been
attending major industry events in
Africa.
Facing up to challenging times
Despite his optimism, H.E. Obasanjo
admits that the sector faces some
challenges on the continent over the
coming decades. "The challenges that
we face in Africa are adequate
investment in oil and gas, challenges of
infrastructure, challenges of security,
challenges of local content, challenges of
r e g u l a t i o n a n d c h a l l e n g e s o f
predictability and stability," he explains.
"These are then the same in the oilproducing
countries, the oil market and
in the industry in general.
"These challenges are not challenges
that only one country can deal with on its
own. They are national challenges, they
are regional challenges that they are also,
what I would call oil and gas industry
challenges, which we must handle
together. Whatever the challenges we
are facing as an industry must be able to
disaggregate and find the best
instrument, the best institution or the
best organization to deal with the
challenges."
The rising of renewables
When it comes to the sustainability of
the sector and the rising tide of
renewable energy, he believes that
despite the need to reduce carbon
emissions the oil and gas sector still has
an important role to play and a bright
future in Africa. "The present challenges
particularly include renewable resources
growing into the areas where oil and gas
have been predominant," he says. "I
believe this should not really worry us
too much.
“For me, I believe for the foreseeable
future there will be no renewable energy
that will be as portable as oil and gas.
That is something that we can take as the
advantage of to ensure oil and gas will
still be there for the foreseeable future."
But H.E. Obasanjo believes that
technology will pave the way to
extending the life of oil and gas. "With
technology, we have to make the
production of oil and gas cheaper and if
the production of oil and gas is cheaper,
we will be able to get oil and gas going on
for much longer than some people have
predicted.
A future driven by technology
"I believe that this is the area where the
oil countries should really work together
and take advantage of new technology
that is part of the digitalization
transformation such as artificial
Intelligence. All the technology that is
here now that were not available to us 15
years ago. They are there for use
everywhere but are very important in
the oil and gas industry. Of we bring this
into the industry I believe that the
industry and the fear that we have now
will all be a thing of the past. The next 10
to 15 years may not be the way some
people think.
As for the foreseeable future, H.E.
Obasanjo points to collaboration as the
key to sustainability for the sector. "I see
collaborations at the national level, at the
regional level, and at the industrial level,
and of course, collaborating, at the global
level," he says. "Collaboration and taking
advantage of technology. That would
make the life of the oil industry much
longer than reduce the fear that some
people have that renewable energy
resources will make oil and gas a thing of
the past. If we can surmount this
challenge, then the future of oil and gas
cannot be dictated by anybody except
by us; the producers and the investors.
This will maintain oil and gas as an active
resource for humanity."

INDUSTRY NEWS
"A precondition is that the countries
improve the underlying conditions: good
political leadership, improving tax
administration and government auditing,
legal security, fighting corruption and
democracy," he added.
Mueller signed several contracts, including a
water supply contract in Tunisia,
constructing a factory for making organic
chocolate in Ghana and the expansion of a
textile factory, also in Ghana, for producing
sustainable fabric.
The latter project will create 1,500 new jobs.
In addition, a further 50 projects aim to
create 70,000 jobs and 32,000 places for
trainees in Africa.
Germany pledges more investment
for African nations pursuing reforms
Chancellor Angela Merkel
encouraged African countries to
engage in political, financial and
tax reforms, vowing that greater
transparency would lead to increased
German investment.
Speaking at an investors' conference in
Berlin being held under the auspices of
the Compact with Africa initiative of the
G20, Merkel said Africa's more than 50
countries had a major role to play in
solving global problems.
Egyptian President Abdel Fattah al-Sissi
described Germany as a reliable
strategic partner and called for greater
investment in his country, noting that
the African market had considerable
potential.
As al-Sissi met German President
Frank-Walter Steimeier on Monday,
the German Foreign Ministry called for
an improvement in the human rights
situation in Egypt.
The Compact with Africa initiative is
being conducted by the World Bank
and the International Monetary Fund
with strong German support. Several
African leaders are attending the Berlin
conference, along with German
business leaders.
Merkel said the more than 50 countries
in Africa and the nations of Europe
faced many common challenges,
including climate change, digitalization
and migration.
A decision by African countries to work
towards a free trade zone on the continent
represented an ambitious agenda, the
chancellor said, calling for a transition to
self-supporting economic growth in Africa.
While much had improved, there were still
many problems to resolve, Merkel said,
mentioning the challenges posed by
terrorism in the Sahel, as well as rapid
population growth.
German business continues to see problems
in making greater investment in Africa.
"Bureaucratic obstacles, corruption and
security issues often prevent German
companies from daring to take the first step
into Africa," Martin Wansleben, the
managing director of the German Chamber
of Industry and Commerce (DIHK), said.
The aims of the compact include better
conditions for trade and investment and a
partnership of equals. A development
investment fund with up to 1 billion euros
(1.1 billion dollars) was set up at the last
summit.
The German Development Ministry has
signed reform partnerships with three of the
Compact with Africa ??countries: Tunisia,
Ghana and Ivory Coast.
"We are banking on individual responsibility,
private investment, professional training
and employment, so that Africa's youth has
a future in Africa," Mueller said.
German direct investment in Africa has
more than doubled since 2015, according to
official government Kristalina Georgieva figures.
According to the Development Ministry,
about half of the world's 20 fastest growing
economies are in Africa; and the population
there is expected to double by 2050 to
reach 20 per cent of the global total.
Germany is the largest economy in the
European Union (EU) and the fourth largest
in the world after the USA, China, and Japan.
It is also the fourth largest country in the
European Union after France, Spain, and
Sweden. It shares its borders with nine
countries, eight of which are EU member
states. No other European country has more
neighbours than Germany. In the north,
Germany has access to the North and Baltic
Seas.
On the international level, Germany enjoys a
very broad network of close contacts. It
maintains diplomatic relations with almost
200 countries and is a member of all the
important multilateral organisations and
informal international coordination groups
such as the "Group of Seven" (G7) and the
"Group of Twenty" (G20). The Federal
Foreign Office, which is based in Berlin. In
total, Germany maintains 227 missions
abroad. Together with its partners,
Germany promotes peace, security,
democracy, and human rights all over the
world.
Germany is one of the countries with the
highest employment rates in Europe and
lowest youth unemployment percentage.
Recent GDP data showed that the German
economy is expanding year-on-year. The
German labour market also remained a
bright spot.
An average of 44.8 million people were
employed in Germany in 2018, the highest
number in Europe's largest economy since
reunification.

INDUSTRY NEWS
Africa to Double Natural Gas Production by 2040, Global
Consumption to Double by 2050
Global natural gas use is projected to
increase by 2050; replacing more
traditional fossil fuels and
facilitating an energy transition towards
sustainable development.
Following this development, Africa's
natural gas growth prospects will be
highlighted at the upcoming Sub-Saharan
Africa International Petroleum Exhibition
& Conference scheduled to hold on 25 -
27 February, 2020, in Lagos.
According to the GECF’s Global Gas
Outlook Model, natural gas will be the
only hydrocarbon source to increase its
share in the global energy mix, remaining
the fastest-growing fossil fuel. GECF
member countries currently represent
71% of natural gas reserves, 44% of
marketed gas production, 55% of pipeline
gas trade and 53% of LNG trade globally.
H.E. Gabriel Mbaga Obiang Lima, Minister
of Mines and Hydrocarbons of Equatorial
Guinea said: “Natural gas will continue to
be in demand and will help us meet the
objectives of sustainable development
and the energy transition for our country,
for Africa and for the world. We are
working on the gradual implementation
and exploration of various gas fields. All of
the work that we are doing is in line with
the policies that the international
community is asking us to have for fossil
fuels. We want to protect the environment
and provide for the needs of remote
communities in rural Africa.”
The African continent is set to increase its
presence in the global energy sphere, more
than doubling its natural gas production by
2040 and altering the global energy supply
mix in the process. Africa will contribute as
much as 9.2% to global natural gas
production by 2040, resulting in an
expansion from 255 bcm to more than 505
bcm and corresponding to a compound
average annual growth rate of 3.4%.
In West Africa, Nigeria is set to advance its
gas plans as the Honorable Minister of State
for Petroleum Resources, H.E. Chief Timipre
Sylva, has declared 2020 as the Year of Gas
for the West African Nation. Chief Sylva is
showing leadership and commitment. So far,
he has proven himself to be the leader that
Nigeria needs to develop new LPG and LNG
industries that will take the country to the
next level of development, not only
economically speaking, but socially,
environmentally, humanly.
Nigeria has an estimated 200 trillion cubic
feet of gas reserves. With the right policies,
it could change the face of the country
completely. It could give light to the people,
it could power major industries, releasing
them from the handicapping dependency on
diesel generators, it could relinquish the
country from its dependency on imported
fuel for power and heat, it could create new
opportunities for job creation and industrial
development, it could take millions of
people out of poverty. Moreso, strong
domestic gas and gas-based industries could
help boost intra-African trade, create new
synergies with our neighbours, boost
integration of power generation networks,
establish new partnerships, even contribute
to peace.
However, Nigeria is in a prime position to
truly enact change and be a beacon to
others by showing leadership and resolve. It
is the continent’s biggest economy and has
the continent’s biggest reserves of
hydrocarbons, both oil and gas. NNPC
already works with some of the best major
IOCs and the country has Africa’s best and
most developed indigenous exploration and
production capabilities.
Further, SAIPEC will provide the
opportunity for African countries to gain
insights on new approaches to Sub-Saharan
Africa's Gas industry, Gas Monetization and
the importance of LNG and Gas to Power
Projects.

INDUSTRY NEWS
Stability is key for supermajor
investment in Africa - IOCs
decisions expected soon, one of which is
Greater Tortue Ahmeyim in Mauritania and
Senegal.”
So why is BP focusing so strongly in Africa?
“First, is that Africa provides opportunity for
growth,” Peijs adds. “Demand for energy in
Africa is well ahead of the world average,
populations are growing, economies are
advancing, the production of energy is growing
even more strongly. Looking ahead the forecast
for energy production in Africa is likely to grow
by around 60% by 2040, almost twice the global
rate.
Although it may appear that much
of the exploration activity in
Africa is driven by smaller
independents, the supermajors still
have a significant role to play. In
recognition of the importance of the
market these supermajors were all well
represented by senior executives at
major industry event in Africa. The key
message they delivered was that they
were ready to invest further in the
region but were looking for investment
opportunities that could offer them
assurance in terms of fiscal and political
stability.
Searching for stable fiscal regimes
When it comes to success in Africa, Pam
Darwin, vice president Africa Exxon
Mobil admits that there is no silver
bullet, but one thing that is crucial going
forwards is access to capital. “Our
industry must continue to strive to
meet energy demand for reducing
environmental impact,” she said. “To do
that we face competition for capital. All
our efforts take capital and the
competition is greater than ever.”
The key she explains is stable and
attractive fiscal regimes; where these
are present investments are occurring.
“There's a clear message from the
United States where investment in the
shale industry or the shale revolution as
they call it has increased dramatically
since 2005,” she adds. “As a
consequence, US liquid production has
more than doubled over ten years,
generating billions of dollars. In
contrast, over the last ten years, African
liquid production has steadily
decreased. In order to tap Africa's
immense reserves, commercial terms
must be in place to draw those investments.
“Investment also needs to focus on making
communities strong, this is really important
for us as a company. We fund programmes
and training, education, and women's
empowerment along with health issues such
as malaria. We've invested nearly $4 billion
since 2000 in these kinds of programmes,
over a billion just in education, and 120
m i l l i o n i n w o m e n ' s e c o n o m i c
empowerment.”
BP growing on a rich heritage
According to Jasper Peijs, exploration vice
president Africa, BP, Africa has been very
important to BP and perhaps BP is
important to Africa as well. He explains that
BP’s current activity and presence is right
across the continent of Africa. “We have a
strong multi decade positions in Angola,
Egypt and Algeria, where we are currently
producing 400,000 barrels a day.”
When it comes to a positive environment for
investment, Peijs points to Angola as a case
in point. “I'm happy to recognise the positive
changes the Angolan Government has
made,” he says. “They are now incentivising
investment again and we as BP have taken
notice. We've extended the licencing for
block 15 and 18 and created a joint venture
to develop gas fields.
But Angola is not alone, you see lots of
positive changes across the continent and
that is why our investment in Africa is
growing. Since 2016, we have delivered
seven major projects and eight scheduled to
come online by the end of the year. These
are in Algeria, Angola, and Egypt, and the
next tranche of major projects have already
been sanctioned with the final investment
“The second reason companies invest in Africa
is that it provides opportunities for competitive
Evy Maffini
partnerships. Since the oil price crash in 2014,
our industry has become much more efficient,
much more disciplined, more selective on
Glacier makes
appointment in
Norway to grow
local business
invested capital. We are all competing on a
global scale but in Africa we have found several
countries providing conditions for investments.
“And then thirdly, is that Africa provides
opportunities for long term; as well as having a
growing energy consumption and production,
economic development is driving up levels of
skills and capabilities across the continents.
These are human resources coming together.
G
So, the great untapped potential of Africa in
every sense.”
Building on success in Angola
One man new to the challenges of the continent
is Mike Sangster, MD Total E&P Nigeria, who
has recently taken over the leadership of Total
exploration and production in Nigeria. “There
are four main technologies that we need to be
strong in to succeed – deepwater, LNG,
petrochemicals, and lubricants. Here in Africa,
we are very much present with three of those
four technologies with deepwater and energy
as well as retailer and lubricants on the
downstream side. We are the leading integrated
major in Africa, we are present in 43 countries
across the continent, all the way across the
value chain from the upstream, the midstream
and downstream
“Almost 20% of our production last year came
from it came from Africa, and 16% of our
reserves are still in Africa. We are currently
investing more than one third of our exploration
budget in Africa. We operate 11 FPSOs across
the continent. The downstream also is going to
come in Africa. We have almost four and a half
thousand service stations across all the
different countries, and about 18% of market
share.”
One of the recent projects that Total sanctioned
was the Kaombo Project in Angola, which
features two FPSOs each with a capacity of
115,000 barrels a day, one of which started
producing in the middle of last year, and the
second one began earlier this year. “We are
producing close to capacity of 230,000 barrels a
day, so it is a major achievement for the
company in the country.

INDUSTRY NEWS
“In Angola there are a new wave of
developments coming along as well,
supported by attractive fiscal terms. In
Angola recently we have seen some
good initiatives from the government
for the industry. And you can see that
industry is responding by investing in
low-cost, short-cycle projects such as
subsea tie backs to existing facilities,
and infill drilling.”
Unlocking Africa’s potential
So, what does it take to unlock Africans
countries’ economic potential? Colette
Hirstius, vice president exploration
Middle East & Africa, Shell explains that
the industry faces unique challenges
and opportunities. “These are often
driven by geology, the maturity of the
industries and in the case of customer
facing businesses, the size and
structure of the market,” she explains.
“Some of these challenges include the lack
of infrastructure, security issues, unstable
fiscal and regulatory environments and
limited access to energy.”
The answer to this is a long-term vision for
each country, and long-term partnerships
between the industry and government built
on trust and commitment. “These will be
critical elements for success,” she adds.
“Shell believes strongly in partnerships and
that everyone has their role to play, the role
of government is all about creating an
enabling environment that encourages the
industry to invest. This includes developing
and communicating a clear energy strategy.
As well as creating strong, effective, and
predictable, regulatory and fiscal regimes
along with respecting the sanctity of
governance and contracts and providing a
secure operating environment. And lastly,
embedding transparent and clean business
practices. For industry to deliver its part by
conducting activities in a sustainable manner,
which means being safe and environmentally
and socially responsible.
“Companies should build local capabilities and
capacity, develop local value chains to
maximise competitive opportunities for local
economies and, of course, promote innovation
and technology. Shell strongly believes that
building local capacity and capability is key for
helping Africa to achieve its full potential. And
it's one of our clear focus areas.”
................................................................................................................
Market access and cooperation will unlock opportunities
in Africa’s energy sector
Africa’s energy sector is a catalyst
for growth and development
across the continent. Industry
and investors need to stay abreast of
the high-speed advances in the energy
landscape.
Recently, the African Energy Chamber
(AEC) launched its first annual African
Energy Outlook for 2020. The report,
compiled to provide key insight on what
sub-Saharan Africa’s oil and gas
industry can expect to see next year,
also doubles as an overview of the role
the energy sector stands to play in
developing competing economies.
Though the continent’s oil and gas
sector was significantly impacted by the
oil price crash, 2019 has proven to be a
year of recovery for many African
economies. With many continuing
works on projects that were previously
halted or cancelled, some developing
new large-scale projects and others
working to increase their exploration
and production activities; the continent
is undoubtedly poised to see
accelerated growth in the years to
come.
To this, in the African Energy Outlook
2020, the AEC showcases key
economies and projects that are set to
transform the energy landscape,
placing the sector at the center of
economic growth. In outlining major
projects and economies to look out for
in 2020, the Outlook features highlights on
announce oil projects in Angola, Ghana,
Senegal and Nigeria as well as announced
gas projects in Mauritania, Congo Republic,
Ethiopia, South Africa and Cameroon.
I n u n l o c k i n g t h e n e x t p h a s e o f
transformation for the sector, the report
insists the market access and intra-Africa
cooperation will be critical, particularly in oil
and gas pipeline and infrastructure projects.
“Market access is increasingly on the agenda
of existing and upcoming African producers
of oil and gas, with several cross-country oil
and natural gas pipelines in the works to
unlock billions of dollars,” it says. Noting
that, “Lessons have to be learned on how to
negotiate transnational infrastructure deals
and 2020 will show if African nations have
learned how to cooperate better for the
benefit of all.”
“Next year, we need to see continued
progress. We all understand what we have on
our hands, now we must build environments
that will not only attract investors but keep
them for the long-term,” said NJ Ayuk,
Executive Chairman of the African Energy
chamber. “That is going to be our main
challenge, ensuring policy certainty, political
stability, favourable environments and
matching returns.”

INDUSTRY NEWS
Norwegian Ambassador to
Nigeria, Jens-Petter Says
Investment in New Technology,
key to Increase in Nigeria’s
Oil Output
because any Nigerian manufacturer cannot
run in a competitive way on generators.
The Norwegian Ambassador to
Nigeria, Jens Peter Kjemprud
has said that investment in new
technology could help the nation’s oil
and gas sector to receive the needed
boost in its output.
The Ambassador said although Nigeria
acquires lot of high technology for its
offshore subsea sector from Norway,
investments need to be made to
improve the quality and efficiency of its
oil and gas industry.
In his words, “Nigeria acquires a lot of
high technology for the offshore subsea
sector from Norway. More importantly,
we have common interest and benefit
in improving the oil sector.
“For instance, from certain oil fields you
can only extract 20 per cent but with
the use of new technology, you can
By Ayobami Adedinni
increase that to 50 per cent, although you
need to make investments in this new kind
of technology and that’s where we are more
advanced.
“These are investments made for improving
the quality and efficiency of the Nigerian oil
and gas sector.
“As I said during the Oil conference (NOG
2019), it’s not only the size of the Nigerian
oil sector but also about utilizing and making
it more efficient,” he said.
Speaking further, he noted that the power
sector needs to be developed for Nigerian
manufacturers to be competitive and
remain in business.
He said, “One important thing I have been
focusing on since my assumption in Nigeria
is Nigeria to develop its electricity sector
“You have huge potential in renewable
energy such as hydro, solar and to some
extent wind power. What we did was to
develop our power sector.
“We produce 36,500 MW for 5 million
people. Nigeria produces 3,650 MW which
is one tenth, for 200 million people. For me,
the most important thing to change in
Nigeria is therefore the power sector. If you
look around the world, the key is to have
stable and cheap power delivered to the
industries and to the people.
“It will expand productivity and profits of
company and satisfy people’s demands.
Now, with the AFCTA, if the Nigerian
manufacturing industries should expand, it
would need to have that efficient power
sector.
“A lot of African countries have cheap
power. If Nigeria does not have it, it won’t be
competitive. It will take a few years for the
agreement to come into effect but before
that, Nigeria needs to get the power sector
in order, ” he added.
Kristalina Georgieva
NCDMB, PETAN team up to host the African Content
Series at SAIPEC 2020
As an important step, in the
development of local content, the
Nigerian Content Development
Monitoring Board (NCDMB) and the
Petroleum Technology Association of
Nigeria will be collaborating to host the
African Content Series, as part of the
Sub Saharan Africa International
Petroleum Exhibition and Conference
(SAIPEC) in Lagos 25-27th February
2020.
The SAIPEC African Content Series
which will take place on 27th February,
will focus on African oil producing
countries and the necessity of
economic diversification and local content evolution. It will address the opportunities in the
successful implementation of local content across a series of discussions from heads of
NOC’s, IOC’s, independent and indigenous oil and gas companies throughout the oil and gas
value chain.
The Executive Secretary of NCDMB, Engr. Simbi Wabote commented: "Local content
collaboration is paramount, NCDMB is leading the way across Africa when it comes to local
content. We need to ensure our targets are continually met and carry on demonstrating to
Africa that the NCDMB is ensuring coming operate in Nigeria with local content at the
forefront of their business. I look forward to showcasing further developments at next year's
event”
In addition to this, and marking its 10th anniversary in 2020, NCDMB will also be showcasing
the significant work it has undertaken in developing local content over the last decade.

LOCAL CONTENT
chase these opportunities within their
strength.
"We are also working with PETAN, which is
an amalgamation of indigenous oil and gas
service providers to see how we can bring
them together to use their strength to
pursue opportunities in the industry.
"This collaboration isn't just between the
service providers but we are also working to
collaborate with other sectors, government
institutions to get their support to ease the
activities of most of the service providers.
NCDMB takes local content to
new heights in Africa
The Executive Secretary of
NCDMB, Engr. Simbi Kesiye
Wabote has called for local
content collaboration across all African
countries. The Nigerian Content
Development and Monitoring Board
(NCDMB) is leading the way across
Africa on local content development in
the oil and gas industry.
In his words, "Local content
collaboration is paramount; NCDMB is
leading the way across Africa when it
comes to local content. We need to
ensure our targets are continually met
and carry on demonstrating to Africa
that the NCDMB is ensuring companies
operate in Nigeria with local content at
the forefront of their business, I look
forward to showcasing further
developments at next years event."
Since the inception of the NOGICD Act
enacted in 2010, NCDMB is at the
forefront of facilitating local capacity
development and ensuring that the
execution of large components of any
project is domiciled in Nigeria.
According to him, the Nigerian oil and
gas industry will between now and year
2027 aspire to domesticate the full
capacity and capability required for the
integration of Floating Production
Storage and Offloading vessels (FPSO).
The new target for the industry follows
from the successful completion of the
Total's Egina FPSO, the first time these
feats would ever happen in Nigeria. The
FPSO is the biggest component of
deepwater oil and gas project and the
fabrication and integration of the
modules at any location spurs multidimensional
development and creates
thousands of jobs.
Today, reference is being made to Total as
the industry benchmark for the Nigerian
content, given its significant support and
investment in local content development
through major oil and gas projects such as
Egina projects.
Wabote hinted that in the past two years,
about $20 billion has been invested in the
Nigerian oil and gas sector.
"In the next two years, we are looking at
another $25 billion into the oil and gas
sector of Nigeria.
"Nigerian Federal Government has created
an enabling environment for doing business
more efficiently in Nigeria.
"Almost 80 percent of the contracts
awarded in the oil & gas industry are
awarded to local contractors in the Nigerian
oil and gas sector.
"That gives you a significant level of
penetration as no international company
without a local affiliate is allowed to take up
contracts in the Nigerian oil and gas sector.
"If you go through some of the objectives of
Project 100, it is geared towards achieving
collaborations across the oil and gas
industry. Some of it also includes, how local
players can merge themselves to pursue
bigger opportunities. The local players all
want to go for the bigger opportunities but
they don't have the capacity. But, if they
collaborate with others they will be able to
"For instance, we have a very firm
collaborative agreement with NIMASA,
Nigerian Immigration, Customs, Oil and Gas
Free Trade Zone Authority (OGTZA), NNPC,
NAPIMS, DPR, such that oil the challenges
the service providers encounters, we can
jointly resolve Kristalina the challenges. Georgieva
"In terms of engaging the oil and gas
communities, it has always been the major
topic of how do you contribute to the oil and
gas communities.
"We signed up for the Community Content
Policy in which any project opportunities
that are happening in any community there
are scopes that are marked for the
community contractors. And, opportunities
for employment for the community people
are spelled out clearly on the Nigerian
Content Plan which is very important.
"We have also established the Community
Contractor Funding which is an avenue to
help them access single digit interest loan
for funding of their opportunities and the
interest is just about 5 percent with a five
years payment period," he added.
Moreso, NCDMB has produced a
Compendium of Nigerian Content
Opportunities. The Compendium contains
all the project opportunities as well as local
content specific opportunities that will
enable industry stakeholders and investors
to see the opportunities available within the
next five years in the oil and gas sector of
Nigeria.
The Compendium also contains over 80
listed projects and opportunities. The
estimated value of all the projects and
opportunities highlighted in it is over $100
million. Compendium provides a collection
of industry opportunities that will guide the
Nigerian oil & gas entrepreneurs to pursue
specific opportunities in the industry based
on their capacity which will also help them
measure the level of achievements attained
on the listed opportunities from time to
time.
According to NCDMB, the compendium will
be updated every two years to enable
stakeholders in the industry to be aware of
what is coming their way as a lack of
information has been one of the major
challenges of local businesses.

LOCAL CONTENT
He began his career with Shell
P e t r o l e u m D e v e l o p m e n t
Company (SPDC) in 1995 and
later joined BJ Services two years after.
He worked with BJ Services for over 12
years, rising to the position of a Country
Manager for the pipeline services from
2001 to 2009. Engr. Obidike Nelson
Uzu is a Petroleum engineer and an
administrator. Following the enactment
of the Local Content law in the Nigerian
oil and gas industry in 2010, he
established Global Process & Pipeline
Services Limited with the aim to take
advantage of the opportunities he
believed the law would create for
Nigerians. Hear him: " After the
enactment of the Local Content Law
2010, I realized that it was going to
create a big opportunity for local
participation, hence I took that positive
initiative to start Global Process &
Pipeline Services even when the
company barely had anything to
leverage on as asset."
Speaking on the extent to which the Act
has helped his company, he says,"
Before now we were not even given the
opportunity to come close to the door
not to talk of competing. Nobody would
have recognised that we can do this.
The Local Content Act has given us the
opportunity to say that we can." He
thinks that what his company and other
Nigerian service Companies are doing
within the oil and gas industry now, may
not have been possible 20 years ago,
but for the Local Content law.
GPPS was awarded early this year in
Abuja as the best pipeline servicing
company in Nigeria at the 2019
Nigerian International Petroleum
Summit (NIPS). This is just one of the
'miracles' of the Nigerian Oil and Gas
Industry Content Development
(NOGICD) Act.
In the past nine years following the
enactment of the NOGICD Act,
numerous opportunities have been
created for Nigerians in the oil and gas
space, resulting in increase in human
capacity development, retention of
capital in-country and job creation,
especially for the teeming youth
population in the country.
Prior to the enactment of the Act in
2010, the Nigerian oil industry was
literary the exclusive preserve of the
International Oil Companies (IOCs) and
other foreign companies in areas
ranging from exploration and
production, trading as well as service
operations.
According to reports in 2008, even
though the oil and gas industry
accounted for 90 percent of the
country's revenue, it contributed less
Analysis: Assessing the Nine Years
Implementation of NOGICD Act
than 38 percent to the Nation’s Gross
Domestic Product (GDP).
This was because of the absence of local
capacity in the industry, which made it
difficult for the country to retain a
significant percentage of about $18 billion,
as of then, yearly average industry spend.
Most of the the local strategic positions
were largely dominated by expatriates. As a
result, most of the industry’s lucrative
contracts were carried out in foreign
fabrication yards, ultimately leading to
adverse effects on labour creation and the
growth of the domestic economy as a
whole.
The Central Bank of Nigeria (CBN) 2011
Annual Report of Sectoral Contribution to
Growth Rates of GDP at 1990 Constant
Basic Prices, shows that crude oil
contributed -0.1, -0.9, 0.1, 0.8 and -0.1 to
the GDP in 2007, 2008, 2009, 2010 and
2011 respectively.
Efforts by previous administrations to
introduce local content policies had
challenges largely because of the absence
of an appropriate legal framework to drive
such policies. It was in a bid to address these
challenges that the 2010 NOGICD Act was
signed into law on April 22nd 2010, with the
aim to increase indigenous participation in
the oil and gas industry by prescribing
minimum thresholds for the use of local
services and materials and promote
transfer of technology and skill to Nigerian
labour in the industry.
The Executive Secretary of Nigerian
Content Development and Monitoring
Board (NCDMB), Engr. Simbi Wabote
captures it this way: " Before the enactment
of the Nigerian Oil and Gas Industry Content
Development Act, all fabrication,
By Ikenna Omeje
engineering, and procurement were done
abroad, resulting in estimated capital flight
of US$380 billion and over two million jobs
lost in 50 years of our hydrocarbon history.
Our vigorous implementation of the Act has
reversed the trend: from less than five
percent in-country value retention in 2010
to 28 percent, marked by a seismic shift
from negligible local Content activity in
earlier deepwater projects to over 60
percent domestication and domiciliation of
work and services in Egina."
Key Components of the Act
Section 1 and 2 of the Act state:
"Notwithstanding anything to the contrary
contained in the Petroleum Act or in any
other enactment or law, the provisions of
this Act shall apply to all matters pertaining
to Nigerian content in respect of all
operations or transactions carried out in or
connected with the Nigerian oil and gas
industry.
"All regulatory authorities, operators,
contractors, subcontractors, alliance
partners and other entities involved in any
project, operation, activity or transaction in
the Nigerian oil and gas industry shall
consider Nigerian content as an important
element of their overall project
development and management philosophy
for project execution.”
Section 3 (1) states that local oil and gas
companies in the country will be given first
consideration in the award of oil blocks,
oilfield licences and in all projects. In section
3 (2), it says that Nigerian service
companies that demonstrate ownership of

equipment, have Nigerian dominated
workforce and the capacity to execute
projects, will be given exclusive
consideration in award of contracts.
Section 3(3) notes that compliance to
the Act will be the primary criteria for
the award of licences, permits and
bidding for exploration, production,
transportation and development in the
country's oil and gas industry.
"3.-(1) Nigerian independent operators
shall be given first consideration in the
award of oil blocks, oil field licences, oil
lifting licences and in all projects for
which contract is to be awarded in the
Nigerian oil and gas industry subject to
the fulfilment of such conditions as may
be specified by the Minister.
"(2) There shall be exclusive
consideration to Nigerian indigenous
service companies which demonstrate
ownership of equipment, Nigerian
personnel and capacity to execute such
work to bid on land and swamp
operating areas of the Nigerian oil and
gas industry for contracts and services
contained in the Schedule to this Act.
"(3) Compliance with the provisions of
this Act and promotion of Nigerian
content development shall be a major
criterion for award of licences, permits
and any other interest in bidding for Oil
exploration, production, transportation
and development or any other
operations in Nigerian Oil and Gas
industry," the Act reads.
According to Section 7, "In the bidding
for any licence, permit or interest and
before carrying out any project in the
Nigerian oil and gas industry, an
operator shall submit a Nigerian
Content Plan ("the Plan") to the Board
demonstrating compliance with the
Nigerian content requirements of this
Act."
In the last nine years, the vigorous
efforts of NCDMB to ensure
regimented compliance to the Act by
c o m p a n i e s t h r o u g h r i g o r o u s
implementation of the Act, has in no
small measure led to economic
revolution in the Nigerian oil and gas
industry.
Major Challenges of the Act
According to Jean Balouga, an energy
economist, in his academic paper,
"Nigerian Local Content: Challenges
and Prospects", Nigerian banks do not
have the required capacity to energy
financing.
"Nigerian banks lack the financial base
to make any meaningful impact on local
content development. The biggest
Nigerian banks are tiny banks when it
comes to energy financing.
Most Nigerian banks operate in dilemmaladen
territory as most indigenous
contractors have no proper business
structure. Others are not really in the
business because more often than not the
person who gets the contract is not the one
looking for finance. Other obstacles are a
thin industrial base, lack of adequate power,
water and other infrastructure to support an
expanded manufacturing base, lack of small
and medium-sized enterprises and an
underdeveloped capital market"
He adds that, "Other problems of local
companies revolve around executive
capacity and critical mass with technical and
financial wherewithal. Generally, most local
companies are small, fragmented and
incapable of packaging or attracting loans.
Few of them can deliver turnkey projects
without resorting to some form of
partnership agreement for equipment,
expertise or technical support.
"There exists the so-called “Knowing-Doing
gap” in Nigeria, that is the disconnect that
exists between policy formulation and
policy implementation. This term describes
the absence of a critical link between
strategy and action. Public policy initiatives
and actions in Nigeria have persistently
been incapacitated by this gap, with many
government programmes and projects
ending in downright failure. Inadequate
think through, weak institutional capacity,
lack of political will to carry through change,
inconsistency in govern? ment policies, lack
of support from relevant stakeholders and
corruption are some of the causes of this
gap." Alhough, a lot has changed positively
between 2012 when this article was
published by the International Association
for Energy Economics and now.
Expressing his view on the enforcement
mechanism of the Act, a Petroleum Tax and
Fiscal Systems Specialist, Bar. Naboth
Onyesoh, in one of his articles, is of the
opinion that enforcement mechanism is
essential and suggests the adoption of
administrative penalty as against the current
criminal penalty as stipulated in Section 68
of the Act. He describes criminal penalty as a
lengthy excercise that demands lots of
evidence to nail violators of the Act.
In his words: "Enforcement is an essential
component of regulatory function. The
mechanism for enforcement determines the
temper of a law and the behaviour of those
regulated. Legal enforcement is either
criminal or civil or a combination of the two.
Regulatory sanctions are, therefore, divided
into criminal penalty or administrative (civil)
penalty.
"The sanctions prescribed under section 68
of the Nigerian Oil and Gas Industry Content
Development Act 2010 (‘the Act”) are
LOCAL CONTENT
criminal in nature. The section describes
breach of the Act as an offence punishable
upon conviction by fine or project
cancellation. That’s a problem.
"Depicting breach of the Act as an offence is
troubling and gives multiple reasons to be
concerned. First, the implication is that the
penalties stipulated thereunder can only kick
in after conviction. Yes, conviction by a court
of competent jurisdiction based on strict rules
of evidence and proof beyond reasonable
doubts. Thus, criminal law remedies are hard
to obtain. They entail diligent prosecution,
high evidentiary requirements and strict proof
with presumption of innocence in favour of
the alleged offender."
In recent years, administrative penalty has
become very popular among countries in the
developed world. For instance, Canada chose
administrative monetary penalty (AMP) to
drive its Smart Regulation Initiative. Other
countries like Australia, Germany,
Netherlands and the United States have
adopted administrative monetary penalties
because it's more beneficial than criminal
penalty. Also, in the United Kingdom and the
Flemish region, which used to rely solely on
criminal penalty to enforce environmental
regulations, have since 2009 adopted the use
of administrative fines to complement criminal
penalties.
Onyesoh, however, notes that administrative
fines are not new in Nigeria, using sections 15
& 16 of Nigerian Communications
(Enforcement Regulation) 2004 made
pursuant to section 70 (1) (c) & (e) of the
Nigerian Communications Act 2003, which
gives the Commission the power to impose
monetary penalties on erring operators as an
example.
According to him, the same is true of section 6
(2) & (3) of the National Oil Spills Detection
and Response Agency (Establishment) Act
2005, which allows NOSDRA to impose
m o n e t a r y p e n a l t i e s f o r s p e c i f i e d
environmental infractions and omissions. The
Civil Aviation Act gives similar power to the
Nigerian Civil Aviation Authority (NCAA)
under section 27 (1) – (3).
In his argument for a review of Section 68 of
the Act, Onyesoh says,"The point is that
criminal penalty is severely limited. It is
incapable of providing efficient and effective
e n f o r c e m e n t o f N i g e r i a n c o n t e n t
requirements. This is the reason to rethink the
current enforcement mechanism under the
Act, now that it is up for review. The proposal
is for the National Assembly to insert a new
clause after section 68 or a subsection
empowering NCDMB to make regulations to
sanction infractions (e.g. failure to obtain
approvals, failure to remit NCDF levy,
expatriate quota breaches, failure to make
statutory returns, etc.), through administrative
fines. The extreme sanction of project

cancellation might still be left for
judicial conviction. It is submitted that a
sensible combination of administrative
and criminal penalty will engender
better compliance, cooperation and
timely rectification by the regulated
community.”
Also, some indigenous players in oil and
gas industry have pointed out that the
Law has not checked the issue of rate
discrimination in the industry.
According to them, when Nigerian
c o m p a n i e s b i d f o r j o b s , t h e
International Oil Companies (IOCs)
expect that they should be charging
very low, but the foreign players like
engineers bidding for such contracts be
demanding four times more than what
the Nigerian engineer is being paid, and
the IOCs would oblige this request,
which when they question why, IOCs
say is because they are expatriates.
In the area of capacity, training and
development, many operating and
service companies still apply for
substantial expatriate quota approvals
from the NCDMB, claiming that
requisite capacities are not available incountry.
Also, many of these companies
keep sending their staff overseas for
routine trainings, a situation which the
President, Oil and Gas Trainers
Association of Nigeria (OGTAN), Dr.
Mayowa Afe, described as an
indictment on Nigeria as a country in an
interview with Local Content Digest, a
quarterly magazine of the NCDMB.
"It is an indictment on Nigeria as a
country. Take , for example, a Nigerian
company with a Nigerian instructor
going to Dubai to train. Is that a foreign
training or indictment of our members?
No! Many workers prefer overseas
training because of the estacode and
shopping and not because of any
additional training they will get." He
added,"Our regulatory framework has
to be strengthened to monitor this Act."
Perspectives of Industry Players on the
Act
Giving his assessment of the Act, the
Chief Executive officer of Oilserv
Group, Engr. Emeka Okwuosa is of the
view that the Act has helped to
institutionalise the development of
Sustainable local capacity, but
emphasises the need for NCDMB to
address the issue of contract awards to
companies without capacity.
Hear him: " Overall, I would say the
Nigerian Content Law has helped to
institutionalise the development of
Sustainable local capacity in the oil and
gas industry.
"However, there is need to address the
issues bordering on briefcase contractors
who hide under the Local Content Law to
harass fully . Nigerian companies that have
built capacity. This harassment sometimes
comes in the form of attempting to force
wholly Nigerian companies to use their
services even though these companies have
full internal capacity to execute such
scopes."
On her part, the Chief Executivr Officer of
Lagos Deep Offshore Logistics (LADOL)
base, Dr. Amy Jadesimi, believes that the
Act has led to a revolution in the oil and gas
industry in Nigeria, but points out the
importance of spreading it beyond
petroleum sector.
"I think that the Local Content Act has
already changed the landscape for the oil
and gas industry and it had such a positive
impact. One of the first things we need to
look at is how to spread that beyond the
petroleum sector to other sectors; to the
manufacturing sector, the technology
sector, the fine art sector. The benefits of
local content when it's properly applied and
strictly enforced to the economy, are
second to none. In other words, having
correct local content could push economy
into the G-29 just as it did for Brazil," she
said recently in an exclusive interview with
Majorwaves Energy Report.
The Chief Executive Officer of Solewant
Group, a pipe/metals fabrication and
coating company, Mr. Solomon Ewanehi,
thinks NCDMB should increase the level of
awareness regarding the Act to improve on
it's implementation.
"Well, so far so good. However,
improvements will come as more awareness
is created. Indeed the Act came into
existence some nine years ago, but not
many of the players in the industry are
aware of the full provisions. Awareness is a
key component to improving the
implementation of the Act by the NCDMB,"
he says while sharing his thoughts.
Leading her voice to the nine years
implementation of the Act, the Chief
Operating Officer, MicCom Cables and
Wires, Mrs. Bokola Adubi, says that the Act
has given Nigerians immeasurable
advantage and leverage.
In her words: " The Local Content Act is
probably one of the best decisions our
legislature has taken on behalf of the
country in the last few years. It would
appear like that tiny piece of law was
enacted for companies such as ours. To help
help us Garner in-road into an otherwise
very difficult industry to enter into. Today,
the advantage and leverage we have
through this law has been immeasurable."
LOCAL CONTENT
Giving his perspective on the Act at the 2018
Practical Nigerian Conference (PCN) held in
Yenagoa, Bayelsa State, the Chairman,
Petroleum Technology Association of Nigeria
(PETAN), Engr. Bank-Anthony Okoroafor gave
some wow statistics to point out how
impactful the implementation of the Act has
had in the service end of the Nigerian oil and
gas industry.
"Before the Nigerian Content Act, we had 27
service companies operating in Nigeria. At Last
count, there were 287 service companies
operating in Nigeria," he said. He noted that
the implementation of the Act has led to a
remarkable growth in the number of goods
sourced in-country and has contributed to an
increase in the training of Nigerians on the
back of major oil and gas projects.
"When Usan deep water project was done, incountry
training was 150,000 man-hours.
With Egina, it was 450,000 man-hours. In
Engineering, Usan recorded 40,000 manhours
but Egina had 1.167 million man-hours
and we saw collaborations between Nigerian
companies - NETCO, IESL and Delta Afrik," he
said.
Way Forward
NCDMB must find a way to address issues
surrounding access to fund. Most Nigerian
companies do not have the financial muscle to
fund big contract. To this end, effort should be
made to address financial challenges they face
in trying to execute projects by reviewing
Section 101 of the Act upward. This will
ensure that NCDMB have enough fund to
grant credit to these companies.
Section 104 (1-3) states: "A Fund to be known
as the Nigerian Content Development Fund
(the "Fund") is established for purposes of
funding the implementation of Nigerian
content development in the Nigeria oil and gas
industry.
"(2) The sum of one per cent of every contract
awarded to any operator, contractor,
subcontractor, alliance partner or any other
entity involved in any project, operation,
activity or transaction in the upstream sector
of the Nigeria oil and gas industry shall be
deducted at source and paid into the Fund.
"(3) The Fund shall be managed by the Nigerian
Content Development Board and employed
for projects, programmes, and activities
directed at increasing Nigerian content in the
oil and gas industry."
Going by the capital intensive nature of
executing contracts and investing in the oil and
gas industry, the one percent deduction
according to the Act is no longer realistic,
which is why NCDMB as not just a regulatory
body, but also an intervention body, should
sponsor a bill to amend Section 104.

LOCAL CONTENT
It is also important for the NCDMB to
partner with the Central Bank of
Nigeria to ensure that Nigerian banks
begin to engage in long term financing
of projects in oil and gas industry. This
will help indigenous exploration and
production companies not to lose their
licences due to their inability to develop
their fields. Speaking on the challenges
of indigenous E&P companies in this
regard, the Head, Energy Covering
Downstream and International Oil
Trading within Corporate Banking
Directorate, First Bank of Nigeria,
Oluwatoyin Aina says," Hedging is a
major requirement for most Reserve
Based Lending financing as it provides a
buffer to falling prices. Commercial
banks generally are not positioned to
take exploration risk due to the nature
of our foreign currency capital which
isn’t long term . Our long term financing
are usually in local currency. For foreign
currencies, banks borrow the funds at
an expensive cost and the tenure is
usually short."
She admonished local E&P companies
in the country to look outside of Nigeria
while seeking credit facility to fund
their projects, like targeting African
Finance Corporation (AFC) and
International Finance Corporation (IFC)
for fund.
However, the recent pledge to amend
the NOGICD Act by the Chairman of
the House of Representatives
Committee on Nigerian Content
Development and Monitoring, Rt.
Honorable Legor Idagbo at the
inaugural meeting of the Committee with
the NCDMB held at the National Assembly
recently if fulfilled, will help the country a
great deal in addressing some of the
challenges confronting the implementation
of the Act.
In 2017, NCDMB launched a 10-year
roadmap aimed at domiciliating skills and
competence in the Nigerian oil and gas
industry up to 70 percent by 2027. Speaking
at a summit in the twilight of 2018, Wabote
said," We are determined to grow Nigerian
content to 70 percent within 10 years. The
target includes generating 300,000 jobs,
retain $14 billion in-country from the
industry's annual spend, engender
manufacturing and increase oil and gas
contribution to the the nation's GDP." The
annual spend in the industry is currently
about $20 billion.
To achieve this noble target, the Board in
the Q2 of 2018 embarked on fostering
collaborations and synergies critical to the
realization of the 10-year rolling plan. The
most fundamental of the collaborations was
the one with the Nigerian Stock Exchange
(NSE), in which the Board advocated for a
shift in the listing of companies on the
Exchange. The Board advocated listing by
upstream and midstream oil and gas
companies to add more value to the
country's hydrocarbon resources incountry.
Speaking on the advocacy, Wabote said,"
No doubt, the listing of upstream
companies, refineries, petrochemical
industries, fertilizer companies and allied
firms in the LPG/CNG value chain on the
Exchange will spur cross-sectorial linkage
and economic buoyancy.”
It is also important for the Board to take the
issue of Skill Gap Audit seriously. The
current efforts by OGTAN, with support of
the NCDMB, in championing a Data
Gathering Strategy and Categorisation of
OGTAN members outside the proposed
NOGOS effort, is a welcome development
and should be sustained. Speaking on this,
Dr. Afe says," This will help to identify these
seemingly non-existent capacities and equip
Nigerians with the skills" adding that," It will
further provide a veritable Skills Gap
Analysis and Needs Assessment Plan."
To a large extent, the implementation of the
Act has helped the country to build capacity
in various areas in the industry, increase
retention of annual industry spend to about
30 percent and led to creation of jobs. It can
be better if the scope of the plan
amendment of the Act as Hon. Idagbo said
at the House Committee inaugural meeting
with NCDMB, is expanded to cover other
sectors. This will ensure that Executive
Order 5 yields the desired fruit and help the
country to build capacity that will ensure the
overall development of Nigeria.

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Analysing our Operational Records Globally
Mr. Morten Kelstrup talks with OGR on how technology combined with
new business model will drive greater value for the oil & gas industry, and
explaining how Maersk Drilling have been able to succeed with it.
see in the industry, among other things
establishing a shared vocabulary on safety and
openly discussing which of the partners is best
equipped to handle each of the many tasks
involved in a drilling operation.
A few months ago, our Maersk Invincible rig
on the Valhall field in Norway performed a 12-
conductor run 36% faster than estimated and
with a 23% cost saving versus the budget. This
definitely showcases the potential value of
working closely together like we do in the Aker
BP alliance.
Morten Kelstrup, Chief Operating Officer (COO), Maersk Drilling
In addition, we have other kinds of strategic
partnerships, such as you’ll find in connection
with our West African operations where we
have been very happy to team up with local
partners on services including training and
manning, and where we have also provided
various kinds of integrated services to our
customers.
OGR: Congratulations Mr. Morten
Kelstrup for your new appointment
as Chief Operating Officer of Maersk
Drilling. What was your first
i m p re s s i o n w h e n y o u w e re
appointed as COO? Any surprises?
And how has being your previous
experience working as Chief
Commercial & Innovation Officer so
far?
Morten: I have a background on the
other side of the fence, so to speak,
having previously worked on the
operator side of the business. My goal
has been to use this experience to
facilitate a greater understanding of
how Maersk Drilling as a drilling
contractor can create maximum value
for our customers, the operators and
countries we engage with. The
organizational changes we most
recently performed is one more step in
that direction, where we have merged
our Technical, Commercial, Innovation
and Operational functions into one
joint Operations department which will
take end-to-end responsibility for
customer delivery and operational
efficiency.
OGR: What is your action plans to
strengthen Maersk Drilling Operational
records?
Morten: I’m happy to say that Maersk
Drilling already has an outstanding
operational record, with a financial uptime
in excess of 99% so far this year. This
translates into highly efficient operations for
our customers. One example is recent
operations in Ghana where our drillships
have executed campaigns more than 200
days ahead of schedule, in this way helping
to bring down the time to first oil. We remain
focused on combining operational
excellence with technological and business
model innovation to drive greater value
creation for the customers.
OGR: Collaboration and Innovation is
seen as a key driver for the oil and gas
industry. Please could you highlight
some of the strategic partnership at
Maersk Drilling and the benefits to
operators?
Morten: In the North Sea, we have entered
into a major alliance with Aker BP and
Halliburton. Within this alliance, we
collaborate much closer than you used to
We have also partnered up with the
exploration company Seapulse. In this alliance,
we will be responsible for delivering the full
package of drilling services allowing Seapulse
to focus on what they do best, namely finding
oil. We will deliver these services in close
cooperation with a few key partners allowing
us to jointly optimize and eliminate waste in
the drilling process. We see a significant
upside in this area.
OGR: What are your solutions for the
rapidly changing oil and gas sector, in
terms of technology?
Mor ten: Ongoing development of
technology has always been an important part
of the drilling industry, and as a drilling
contractor you must always listen to the
customers’ needs when scoping the rigs and
technologies of the future. With that said, I
don’t believe technology is the solution all in
itself. There is no doubt that we will see further
digitalization and automation of drilling
operations, but in my view, an important key to
unlocking significant extra value in the
industry lies in aligning incentives to be able to
increase the focus on removing waste across
the value chain. By ensuring that operators
and contractors work together towards

EXCLUSIVE INTERVIEW
mutual goals and trust each other to
cooperate towards the most efficient
solutions, all involved parties will
benefit.
OGR: What ways have your
technologies help oil companies
boost production and reduce cost?
Morten: As mentioned previously, it is
not only technology but also
technology combined with business
model innovation that is making the
difference. We at Maersk Drilling pride
ourselves of the skills we have
developed in the ultra-harsh North Sea
environment, of course, and we have
been able to successfully export this to
drilling in other situations where
cutting-edge skills and technology
make a difference. For example, one of
our drillships, Maersk Venturer, holds
the world record for the deepest water
depth ever drilled – 3,400m offshore
Uruguay in 2016. But combining
technological advances with a new
approach to collaboration and aligning
incentives with the customers is what will
unlock real value.
O G R : H o w d o e s l o c a l c o n t e n t
development impact your operations?
Morten: Local content development is an
important part of our operations, since it’s a
key part of creating shared value for our
customers and the societies we engage
with. In West Africa, for example, we have
an ambition to engage in the conversation
on how to collaborate across borders to
build local capacity that benefits the region
as a whole.
Our goal is to always do better than what is
required of us in this arena. Local authorities
will set minimum requirements for local
content, but we want to go beyond that and
include a higher ratio of local content than
the bare minimum. I’m happy to say that we
are succeeding in doing so, and one key
factor in reaching that result is our focus on
training local content via joint ventures with
local partners and support for the
institutions that are developing the
country’s skills base. One recent example
worth mentioning was when our drillship
Maersk Voyager moved from Ghana to
begin a new campaign in Equatorial Guinea.
After Maersk Voyager left Ghana, it only
took three days before we were ready to
start up operations in Equatorial Guinea
with a crew including 46% Equatorial
Guinean nationals.
OGR: What are the available services in
your company for clients who have
b u s i n e s s e n q u i r i e s o r s e e k i n g
opportunities?
Morten: Maersk Drilling is a drilling
contractor which is specialized in operating
under the most challenging conditions. Our
history started in the harsh and ultra-harsh
environment of the North Sea where
physical conditions can be extremely
challenging, and you must adhere to strict
regulations to have license to operate. In
addition, we now have a very flexible floater
fleet which can operate from the shallowest
to the deepest water depths, both of which
present serious difficulties in their own way.
Based on this, our strategic direction is
focused on seeking closer collaboration and
operational alignment to create greater
value for our customers, and as part of that
stand ready to offer to orchestrate and
deliver a diverse range of the additional
services needed in a drilling campaign as it
fits the individual customer.
Maersk Drilling secures major contract in Asian-
Pacific market and UK North Sea
drillships in the Asian-Pacific market,”
says Morten Kelstrup, COO of Maersk
Drilling.
Maersk Viking is a high-spec ultradeepwater
drillship which was delivered
in 2013. In August this year, Maersk
Viking completed its latest campaign in
Ghana, which included a well drilled at an
ultra-deepwater depth of 10,125 ft.
Moreso, Maersk Drilling has entered into
a contract with Serica Energy UK Ltd. to
drill a subsea development well at the
Columbus Development in the Central
part of the UK North Sea. The contract
value is USD 8m.
Maersk Drilling has secured a contract
for the 7th generation drillship
Maersk Viking which will be
employed by the POSCO International
Corporation, a Korean operator, for a threewell
campaign offshore Myanmar. The
contract is expected to commence at the
end of 2019, with an estimated duration of
154 days. The value of the firm contract is
USD 33m, including a mobilisation fee. An
additional one-well option is included in the
contract.
“We are very excited about having the
opportunity to work together with the
POSCO International Corporation and
helping them achieve their goals. This
campaign will enable us to showcase
the nimbleness of our deepwater fleet,
including the ability to move our
floaters from one region to another
and quickly start up new operations.
We look forward to demonstrating the
capabilities of our 7th generation
The contract is expected to commence in
Q4 2020, with an estimated duration of
70 days. The harsh environment jack-up
rig to be used for the job has yet to be
assigned.
Maersk Drilling owns and operates a fleet
of 23 offshore rigs specialising in harsh
environment and deepwater drilling
operations. With more than 45 years of
experience operating in the most
challenging environments

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By Ndubuisi Micheal Obineme
For a very long time, the oil and gas industry has continued to be a
fast generating asset for African countries and the major source of
energy in this 21st century. Africa is seen as a 'Big Continent' with
bigger prospects despite the challenges. The low oil price incident in
2014/15 was one of the hardest-hit to the region. Apart from that, tough
operating and economic conditions, coupled with regulatory
uncertainty, political instability and a lack of infrastructure has become a
major challenge.
But, in view of all this, Africa still has an opportunity to further entrench
the continent's position as the world's hottest oil and gas hub.
2019/2020 is very positive for Africa as it has entered a new era of
energy prosperity. The year also holds a new set of dynamics and
challenges set to influence the future of the industry, from presidential
elections to megaprojects developments, amidst intensifying
international competition.
Moreso, there's much to look forward to across the oil and gas value
chain in Sub-Saharan Africa. There are a number of projects underway or
in the preparatory phases – some of which are in progress, major
developments set for Final Investment Decision (FID).
According to GlobalData, Seventy crude and natural gas projects are
expected to start operations in Sub-Saharan Africa during 2019–2025.
The findings are laid bare in a 48-page report entitled, "H1 2019
Production and Capital Expenditure Outlook for Key Planned Upstream
Projects in Sub-Saharan Africa – Nigeria Dominates Crude Production
and Capex Outlook."
Industry Latest Updates
Wood Mackenzie forecast that deepwater
investment to increase from $50 billion to a
peak of nearly $60 billion by 2022.
Seventy crude and natural gas projects are
expected to start operations in Sub-Saharan
Africa during 2019–2025, according to
GlobalData.
SAIPEC attracts over 6000 attendees, 650
delegates from across 36 countries, 104
exhibitors and 54 speakers, including 11
National Oil Companies, IOCs, CEO/MD's.
SAIPEC features a wealth of content for
both strategically and technically minded
companies seeking a full solution event.
Sub-Saharan Africa oil and gas industry is
open for business especially in offshore
exploration development.

SAIPEC TOP STORIES
Bank Anthony: The theme for SAIPEC 2020 will
be ‘Oil and gas as an enabler for economic
transformation in Sub-Saharan Africa’.
"We will be discussing critical
issues affecting the oil and gas
industry in Sub-Saharan Africa
today and how to create value
and use energy as an enabler
for economic transformation,
industrialisation and growth
instead of as rent. We will
assemble seasoned industry
stakeholders and experts who
will dissect this theme from
t h e i r p e r s p e c t i v e s a n d
experiences".
Bank-Anthony Okoroafor
In terms of the number of planned oil
and gas projects, Nigeria leads among
countries with eight projects, followed
by Mozambique and Chad with two
projects each. In terms of announced
projects, Nigeria again leads with 21
projects, followed by Angola with seven
projects.
Major projects in sub-Saharan Africa
are expected to contribute about 2.3
million barrels per day (mbd) of global
crude and condensate production and
about 9.6 billion cubic feet per day
(bcfd) of global gas production in 2025.
In terms of total crude and condensate
production from announced and
planned projects in sub-Saharan Africa,
Nigeria leads among countries
contributing around 46% of the region's
total crude production in 2025. The
highest capital expenditure (Capex)
spenders on key planned and
announced projects, during the period
2019–2025, are expected to be
Nigeria, Mozambique, and Angola.
More interesting, this article provides
key recommendations from industry
experts on ways of improving African
oil and gas business and investment
environments, strategic insights to
positioning Africa's energy market for
global opportunities.
However, a new platform has emerged
which serves as a connecting point, as well
as a top-notch guide for government,
industry players, stakeholders, and
operators. Oil and Gas Republic in its
investigative report has unearthed the Sub-
Saharan Africa International Petroleum
Exhibition and Conference (SAIPEC), as the
only truly industry-led event, held in
partnership with the country's petroleum
sector.
Based on our findings, SAIPEC is the largest
event in the region's oil and gas hub. It was
previously known as West Africa
International Petroleum Exhibition and
Conference (WAIPEC), but it was rebranded
to Sub-Saharan Africa International
Petroleum Exhibition and Conference
(SAIPEC) after several collective
agreements between the steering
committee and organizers of the event to
attracting a much wider audience and
broaden the event beyond West African
region, but also to a much wider audience in
Sub-Saharan Africa.
According to report, SAIPEC attracts over
6000 attendees, 650 delegates from across
36 countries, 104 exhibitors and 54
speakers, including 11 National Oil
Companies, IOCs, CEO/MD's plus their
delegations from Mozambique, Nigeria,
Côte d'Ivoire, Senegal, Uganda, Angola,
Cameroon, Ghana, Liberia, Equatorial
Guinea and Gambia.
Following the successful editions, industry
experts have raised critical issues that need
to be addressed in order to develop and
nurture the region's oil and gas industry for
economic transformation.
Industry experts also confirm that there are
still unexplored offshore areas with huge
potential for oil and gas. According to them,
the challenge, of course, is that this new
potential is mainly located at deepwater
depths. And, as offshore hydrocarbon
developments move deeper and into more
complex areas, many technological
challenges exist for operators and offshore
engineering service providers.
Wood Mackenzie has forecasted that
deepwater investment will increase from
$50 billion to a peak of nearly $60 billion by
2022.
In the report, it estimated a 50% drop in the
cost of developing new deepwater barrels
since 2013, a drop driven primarily by lower
rig costs, lower drilling times, and greater
emphasis on efficient project execution.
While the average deepwater project saw
10% to 15% cost overruns from sanction to
startup from 2006 to 2013, that figure
dropped to 5% from 2014 to 2016. This has
created a more favorable investment
environment for operators and private
equity in the near term.
To meet the growing energy demand,
operators will require a favorable
investment environment, collaboration,
innovation & technology, and best practices
to boost productivity and reduce costs on
projects.

SAIPEC TOP STORIES
Industry experts have said that the
future of energy in Sub-Saharan Africa
is bright especially with offshore
exploration development, noting that
African countries need to work
together, focus more on collaborative
measures and strategies that will
position the region to compete globally.
In their words, "All the African countries
should have a collaborative strategy
and common ideas on ways to
collaborate for the growth of the
industry. There should also be
delibrations focused more on
collaborative strategies on human
capacity development between African
countries.
"African government should set
practical steps on moving the
collaboration forward. And, there
should be a steering committee to do
follow-ups on the action plans for every
participating country and company.
"Sustaining oil and gas production is not
just about putting any kind of
innovation, but having strategic
innovations in place that will change the
market dynamics.
"ECOWAS needs to be at the forefront
in the push for this innovation and
collaboration with a key aim of doubling
the trade level.
"APPO should be involved in all FORA
of oil and gas decision making and
processes.
"There is a need for all African countries
to come together and compete in a
global capital investment market.
Improved transparency, efficiency, and
stable investment is key to achieving it.
"Seek technological advancement and
see other African countries as friends,
not competitors.
"Updating skills sets and collaborate to
educate key stakeholders on key
judicial and security issues.
"There should be a working synergy
between the government, companies,
and host communities with a clear
definition of the owner of the
resources.
"There should be clearly circulated
business laws and regulations of host
countries to enable easy investment
across the continent. There should be a
policy for a certain amount of content
coverage.
"African Independent and small E&P
companies should have the privilege to
bid for the oil blocks.
"There should be capacity development
and promotion of local content across all
African countries.
"There should be a uniform local content
criteria and guideline across Sub-Saharan
Africa. Policies should be put in place to
enabling a working local content space
across Africa.
"Local content should be seen as an
economic pursuit, not a charitable venture
and it should be backed up by-laws.
"The future is gas - therefore more African
countries need to focus more on gas
production and utilization.
"Infrastructural investment is strongly
needed in the African oil and gas industry.
"A good R&D operating framework should
be established that will provide funding on
research. African government should invest
in training; talent and skill retention.
"The use of language will improve synergy
and collaboration to develop the industry.
The French-speaking countries should
strive to learn English and the Englishspeaking
countries should also try to learn
French.
"African countries should form an oil and gas
service providers association which will
serve as a focal point for joint pursuit of
objectives that will foster local and regional
collaborations.
"There should also be the development of
African content strategy and
collaboration/partnership framework
between regional service providers.
"Acceptance of African work experience as
local qualifying work experience in other
African countries is also important.
"APPO and AFRAA should work closely on
promoting African content across Sub-
Saharan Africa.
"PETAN should work closely with NCDMB
and IOC to organize trade delegations to
African countries, attend the exhibition and
engage local service providers in those
countries.
"PETAN should work with APPO to engage
policymakers to improve mobility across the
oil & gas exploration and producing
countries in Africa, through seamless
approval of visa on arrival at the airports,"
they concluded.
PETAN has been the host of SAIPEC, and
Africa's leading association of Indigenous,
Technical Oilfield Service Companies in the
upstream and downstream sectors of the
oil and gas industry in Nigeria. Over the
years, PETAN has been raising the local
content bar very high, working closely with
NCDMB and industry players to having
more indigenous companies to take
advantage of the enormous opportunities in
the oil & gas industry, build FPSO's, Vessels,
Rigs in Nigeria.
Since the signing of the Nigerian Oil & Gas
Industry Content Development (NOGICD)
Act in 2010, Nigerian Content has started to
spring up again across the oil and gas value
chain. The law mandated the Nigerian
Content Development and Monitoring
Board (NCDMB) to deepen the participation
of Nigerians and indigenous companies in
the oil and gas industry, and facilitating local
capacity development and ensuring that the
execution of large components of any
project is domiciled in-country.
Nigerian Companies now own Rigs, Vessels,
Fabrication yards, Seismic centers, Bosiet
Centers, Engineering Centers, Constructing
Pipelines, Coiled Tubing Services,
Stimulation services, Mud Logging, and

SAIPEC TOP STORIES
Engr. Simbi Wabote: “Local content collaboration is
paramount; NCDMB is leading the way across Africa
when it comes to local content.”
Drilling fluid services, Slickline and
Electric Logging Services, Wellheads.
Also, Nigerians are now owning and
managing oil fields.
According to NCDMB, Nigeria will
continue to domesticate the full
capacity and capability of local content
across the oil and gas value chain. The
new target for the industry follows from
the successful completion of the Total's
Egina FPSO, the first time these feats
would ever happen in Nigeria. The
FPSO is the biggest component of
deepwater oil and gas project and the
fabrication and integration of the
modules at any location spur multidimensional
development and creates
thousands of jobs locally.
The Executive Secretary of NCDMB,
E n g r . S i m b i K e s i y e W a b o t e
c o m m e n t e d : " L o c a l c o n t e n t
collaboration is paramount; NCDMB is
leading the way across Africa when it
comes to local content. We need to
ensure our targets are continually met
and carry on demonstrating to Africa that
the NCDMB is ensuring companies operate
in Nigeria with local content at the forefront
of their business, I look forward to
showcasing further developments at
SAIPEC 2020."
DR MICHAEL MUGERWA General
Manager - Uganda Refinery Holding
Company, commented: "We are seeing a lot
of Nigerian companies express interest in
Uganda given the vast opportunities, this is
paramount to the development of Uganda's
oil industry, ensuring we utilize the best
practice and experience of developed
experts, IOC's, NOC and companies
throughout the oil value chain”
Highlighting the unparalleled investment
opportunities in Africa, DR IBRAHIMA
DIABY Chief Executive Officer, Société
Nationale d'Opérations Pétrolières de la
Côte d'Ivoire (Petroci) suggested that there
should be open investment opportunities
across African countries.
Patrick Pouyann
"Collaborative exchange of the huge
resource base on experience and
development are important to Africa's oil
and gas industry and the more we
collaborate at meetings like SAIPEC, the
greater value will be delivered to the people
to ease business migration"
SAIPEC features a wealth of content for
both strategically and technically minded
companies seeking a full solution event. The
event will be held on 25 - 27 February 2020,
at the Eko Hotel & Suites in Victoria Island,
Lagos.

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SAIPEC INTERVIEW
diversification needed now; most especially
diversification from crude export to incountry
refining for more value addition;
inter-country trade cooperation and tariff
harmonisation across adjoining countries to
minimize or eliminate smuggling. There is
also the challenge of integration – No
economic or fiscal integration in sub-sahara
Africa.
Bank-Anthony: African Countries
Must Diversify from Crude Exports
The Chairman of the Petroleum
Technology Association of Nigeria
( P E T A N ) , M a z i B a n k - A n t h o n y
Okoroafor, who is also the Managing
Director/Chief Executive Officer of two
oil service companies – CB Geophysical
Solutions Limited and Vhelbherg
International Limited, in this interview
with Ndubuisi Micheal Obineme of Oil
and Gas Republic, Bank-Anthony urges
economies in Africa to develop refining
capacity to eliminate smuggling. He also
speaks about preparations ahead of the
2020 Sub Saharan Africa International
Petroleum Exhibition and Conference.
Peter Uzoho presents the excerpts:
OGR: What’s the idea behind
rebranding WAIPEC to Sub-Saharan
Africa International Petroleum
Exhibition and Conference?
Bank-Anthony: The event has
developed and progressed very rapidly
in its three years since inception. We
are attracting a much wider audience
and focuses have broadened to no
longer just be West African focused,
but a much wider focus now on Sub-
Saharan Africa. This was a collective
agreement across the steering
committee and organisers that deliver
the event.
In 2019, 36 different countries participated
in SAIPEC, with the vast majority of those
made up from Sub- Saharan Africa including
11 NOC CEO/MD’s plus their delegations
from Mozambique, Senegal, Nigeria, Ghana,
Liberia, Gambia, Cote d’Ivoire, Gambia,
Niger, Uganda and Equatorial Guinea.
OGR: For SAIPEC 2020, what will you be
presenting to industry stakeholders that
will be different from your previous
editions?
Bank-Anthony: The theme for SAIPEC
2020 will be ‘Oil and gas as an enabler for
economic transformation in Sub-Saharan
Africa’. We will be discussing critical issues
affecting the oil and gas industry in Sub-
Saharan Africa today and how to create
value and use energy as an enabler for
economic transformation, industrialisation
and growth instead of as rent. We will
assemble seasoned industry stakeholders
and experts who will dissect this theme from
their perspectives and experiences.
OGR: From your experience so far and in
your opinion, what are the challenges in the
region?
Bank-Anthony: Collaboration and
economic diversification – Economic
In terms of capacity, for the sub-Sahara
African sub-region to compete favorably
and overcome the negative effects of the
cyclical crude oil price trends, we need to
increase our refining capacities to sustain
our in-country needs and then trade excess
more with other Sub Sahara –African
countries. This will be more cost effective
than imports from Asia, Europe or America.
It is imperative that we need to balance high
crude output with high refining capacities to
reduce imports costs and charges, export
charges, Kristalina subsidy payments Georgieva etc. This will
effectively position us to get more value
from the crude fractions as opposed to a
single price value for the crude alone. It will
also ensure that we are less exposed to
market fluctuations and then give us control
of products marketing and supply. As we
reduce reliance on imported refined
products, we would be more competitive.
OGR: What are your plans about
strengthening SAIPEC throughout the
region, with emphasis on your action-plans
to use the event as a platform to create
opportunities for Indigenous companies
operating in the region?
Bank-Anthony: We have huge resource
base in Africa, 128 billion barrels or 7.5 per
cent of world proven oil reserve, 503.3 Tcf
(86.8 billion BoE) or 7.6 per cent of world’s
proven gas reserves and 26 Billion barrels
(Libya 5th globally) of shale oil. Shale gas
potential Algeria third globally 707 Tcf or
121.9 billion BoE. It is estimated that Africa
oil & gas will increase by 74 per cent by
2050. We need to collaborate, learn, and
establish common economic interest. If
common economic interest is not created,
we are wasting our time. Electricity to Africa
should be the starting point of development.
Without access to electricity correlates with
poverty. How can we build Sub-Sahara
African content? The type of regional
collaboration needed is that that will create
wealth and value in our region. The oil & Gas
industry needs to become an enabler for
Africa economic growth and not just a
revenue earner. An economy powered by
adequate electricity & petroleum products.
We need to build enough entrepreneurial
capacity in Africa. Africa need about a 100
Dangote’s and Tony Elumelu’s in Africa. Our
priority should be to eliminate poverty while
preserving our environment. Africa is under
explored with a huge hydrocarbon potential
and a readily available market.

SAIPEC INTERVIEW
The continent has the opportunity to
use its oil and gas reserves to boost its
economic and social development. The
future prospects look brighter than
before. Investors have changed their
perception of Africa as a risky
jurisdiction to a jurisdiction of
enormous opportunities. With the
enablers in place, the oil & gas industry
will finally become a source for Africa
economic growth and not just a
revenue earner. Regional collaboration
requires government and industry
working together because of the
complex issues involved.
OGR: What are the success stories so
far from your previous editions?
B a n k - A n t h o n y : G r e a t n e t w o r k
opportunities created with delegates from
Uganda, Ivory Coast, Ethiopia, Kenya,
Senegal, Gambia, Liberia, Ghana, Angola,
Mozambique. Each country shared
opportunities and learning points from their
different countries and areas open for
exploitation and cooperation. It was great
and well attended.
To give some figures;
• Delegate participation has increased by
from 148 in 2017 our maiden edition to 624
in 2019
• A 55% increase in international exhibitors
since 2017
• Over 50 speakers made up the 2019
programme
• Over 3,600 attendees in total
OGR: What are the available services in
your organisation for companies who have
b u s i n e s s e n q u i r i e s o r s e e k i n g
opportunities?
Bank-Anthony: We provide services that
cover the entire oil & gas value chain from
exploration to the tank farm. From Seismic
Acquisition, Processing, Interpretation,
Drilling, Logging, Completion, Engineering,
Stimulation Services, Pipelines, Pipe
coating, Marine Vessels, Sub-sea services,
Training, coiled tubing, sand control,
cementing, slickline, well head, fabrication,
installation, operation & Maintenance,
FPSO etc
Kristalina Georgieva
Aiteo Group Ranked Among Fortune 500 Companies
Providing Job Opportunities in Africa
U
.S. Chamber of Commerce
Appoints Benedict Peters To
Advisory Board of The U.S.-
Africa Business Center. Mr. Peters will
join CEO’s from many Fortune 500
companies who have a strong presence
in Africa. He will serve on the Board of
Advisors for the U.S.-Africa Business
Center. The mission of the U.S.-Africa
Business Center is to build lasting
prosperity for Africans and Americans
t h r o u g h j o b c r e a t i o n a n d
entrepreneurship development. The
mission of the U.S.-Africa Business
Center is to build lasting prosperity for
Africans and Americans through job
creation and entrepreneurial spirit
Welcoming Mr. Peters to the Board of
Advisors, Chairman of the U.S.-Africa
Business Centre, Scott Eisner remarks:
“We value and appreciate the insights
from companies such as yours as they
not only benefit the Center, but also
play a pivotal role in strengthening the
ties between the United States and
countries throughout Africa.”
Mr. Peters will join CEO’s from many
Fortune 500 companies who have a
strong presence in Africa, including
Banco Prestigío, BP, Caterpillar,
Chevron, IBM, MasterCard, Microsoft,
and many others.
Aiteo is aggressively pursuing
exploration and production. Africa is
the next growth frontier and is central
to our vision and ambitions for the
future. We see opportunities where
others do not look, and employ expertise
and innovation to turn opportunity into
rewarding reality.
The company’s joint venture with IS45
energy has produced more than a highly
complementary partnership. We are
devoted to responsibly developing energy
resources in some of the world's most
significant basins, including the Niger Delta
basin and the Benue Trough.
The potential of these key areas is enormous
and we are well positioned with the
expertise, production assets and strategic
locations to grow the yield for the long term.
Nigeria is ranked 11th in the world overall
for oil production capacity and in 2010
produced roughly 2.45 million barrels per
day. Through aggressive exploration and
innovative extraction techniques, we are
keeping the oil flowing for an energy-hungry
world.
The deep water basins off the shores of
West Africa represent an important source
of new oil at a time when many conventional
sources are becoming more challenging to
develop.
It may not be easy to realize the full potential
of West Africa's offshore fields, from the
Niger Delta to the Benin Basin to the west,
but the rewards for doing so are significant.
Deepwater exploration is expected to take
Nigeria's proven oil reserves above 40
billion barrels by the middle of the decade,
while retrieval of the valuable commodity
could bring this figure back down to less
than 28 billion barrels by 2021.
Nigeria is Africa's largest oil producer and, in
global terms, ranks 11th, with an output of
around 2.45 million barrels per day.
However, an increase in output of 500,000
barrels per day could take it to 7th
worldwide, ahead of Mexico and the United
Arab Emirates; output growth of 1 million
barrels per day would put it close to Canada
with nearly 3.5 million barrels of daily oil
production.
Aiteo aim to work tirelessly across the
upstream market, in both exploration and
retrieval, so that our future discoveries add
to the known oil reserves of the African
continent as a whole and support the oil
industry for the long term, while our work to
tap into already-known reservoirs of oil
increases output in the short term,
bolstering Nigeria and other African
countries' positions as world leadersin oil
production.

SAIPEC SPONSORS
Total ready to explore more oil and gas in Nigeria
L-R: Country Chair / Managing Director of Total Upstream Companies in Nigeria, Mike Sangster; Chairman and Chief Executive Officer of TOTAL,
Patrick Pouyanne; Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva; President, Exploration & Production, Arnaud
Breuillac; Deputy Managing Director, Deepwater District, Ahmadu-Kida Musa and Senior Vice President, E&P Africa, Nicolas Terraz
The Honorable Minister of State
for Petroleum Resources, Chief
Timipre Sylva, received the
Chairman and Chief Executive Officer
of TOTAL, Patrick Pouyanne who led a
high-powered delegation of the Oil and
Gas Giant, comprised of the President,
Exploration & Production, Arnaud
Breuillac, Senior Vice President, E&P
Africa, Nicolas Terraz, Country Chair /
Managing Director of Total Upstream
Companies in Nigeria, Mike Sangster,
Deputy Managing Director, Deepwater
District, Ahmadu-Kida Musa and
Executive Director, Corporate Affairs &
Services, Abiodun Afolabi, in a strategic
visit.
The TOTAL Chairman and Chief
Executive Officer while noting the
Group’s commitment to deepening
investments in the country, stated that
“Nigeria has a big potential that has not
been fully explored and we (TOTAL) are
ready to open discussions for new
licenses”.
He further stated that “we (TOTAL) will
continue to invest more and it is imperative
to have conversations that will ensure a
rewarding investment structure”.
He also reiterated the need for
reinvestments stemming from the return on
earlier investments with a focus on the
practicality of the Egina Field while noting
that “in a show of commitment, TOTAL is
committed to reinvestments in the country
from the proceeds of the Egina venture.”
Chief Sylva in his statement noted that
TOTAL remains an important partner in
Nigeria’s Oil and Gas landscape while namechecking
the Group’s Nigerian content
achievement with the laudable Egina field
with a production of about 200,000 barrels
of oil per day, representing over 10% of
Nigeria’s production, at plateau.
He further applauded TOTAL for the
notable investment in the Downstream
Sector and recent strides in the Solar Energy
business.
He assured that “the Nigerian Government
will do everything to encourage the further
stay of TOTAL” while adjuring on the need
for the right high-level representation of the
Group at occasions instanced by the
Nigerian Government. Chief Sylva led the
Group to see President Muhammadu
Buhari, afterwards.
It may be recalled that Mr. Patrick Pouyanne
had earlier visited Nigeria in April 2019
where he noted that “Nigeria is important to
the TOTAL Group as the country now
represents about 10% of the Group’s global
production. Nigeria has a lot of prolific oil
fields and Total would gladly carry out
exploration activities if the government
grants the licence”.
This recent visit was to underscore the
seriousness of the Group to firm up talk with
action while signaling the opening of new
partnerships between the TOTAL Group
and Nigeria.

SAIPEC SPONSORS
Shell’s Operational Records in Nigeria Grows from
Strength to Strength
.According to him, the daily loss of over
11,000 barrels of oil per day in 2018 and the
threat to the integrity of the joint venture
assets necessitated the multi-pronged
approach to protecting what he called
‘critical national assets.’
He said, “We collaborate with community
leaders, traditional rulers, civil societies and
state governments in the Niger Delta to
implement several initiatives and
partnerships to raise awareness on the
negative impact of crude oil theft and illegal
oil refining. Such public enlightenment
programs on the negative impacts on people
and the environment help to build greater
trust in spill response and clean-up
processes.”
Shell has 60 years operational
record in Nigeria, and playing a
key role in onshore, shallow and
deep-water oil exploration &
production with a strong working
partnership with the Federal
Government of Nigeria, local and
international companies, investors,
contractors, and communities to
develop the country's oil and gas sector.
Shell Companies in Nigeria consist of
SNEPCO, SPDC, SNG, etc.During the
W A I P E C 2 0 1 9 , S h e l l N i g e r i a
Exploration and Production Company
Limited, SNEPCO, launched its
Deepwater Book. SNEPCO holds
interests in four deepwater blocks,
three of which are under the terms
contained in a Production Sharing
Contract. It operates OML-118
(including the Bonga field, 55% interest)
and OML-135 (Bolia and Doro, 55%
interest) and holds 43.75% interest in
OML-133 (Erha) operated by the
E x x o n M o b i l s u b s i d i a r y E s s o
Exploration and Production Nigeria
(Deepwater) Limited.
SNEPCO separately holds 50% interest
in OPL-245 (Zabazaba, Etan), which is
operated by the ENI subsidiary Nigerian
Agip Exploration Limited, under a
Production Sharing Agreement.
According to Shell's annual report,
about 617,000 barrels of oil equivalent
per day were produced in 2018:
average daily production by Shelloperated
ventures in Nigeria, while, 92
percent of Shell Companies in Nigeria
contracts are awarded to Nigerian
companies in 2018.
Country Chairman of Shell Companies in
Nigeria, Osagie Okunbor, said: “Through
2018 we continued to produce crude oil and
natural gas, distribute gas to industries and
for domestic power generation and produce
Liquefied Natural Gas for export, which
generated revenues for the government.
The companies also contribute to social
investment in communities and indigenous
companies.
“In 2019, we will continue to cement our
place as a valued partner by maintaining our
close collaboration with our joint venture
partners, host communities, the tiers of
government in Nigeria and other
stakeholders to further contribute towards
the drive for sustained economic growth in
Nigeria”
As part of its efforts to strengthen its
deepwater operation in Nigeria, SPDC
recently announced that it has deployed
state-of-the-art high definition cameras for
quick detection of and response to crude oil
spills from its facilities. The cameras will also
help in tracking the vandalism of SPDC joint
venture assets.
SPDC’s General Manager, Igo Weli,
disclosed this on Monday at a media
workshop for journalists in Warri, Delta
State. “The cameras are attached to
specialized helicopters which carry out daily
overflight over our facilities. This measure
has improved the surveillance of our Joint
Venture assets.”
In addition, Weli said SPDC had
implemented anti-theft protection
mechanisms on key infrastructures, such as
wellheads and manifolds to stem constant
attacks from vandals and thereby prevent
and minimize sabotage-related spills
Weli noted that SPDC would sustain its air
and ground surveillance to complement the
efforts of government security forces in
checking crude theft, pipeline vandalism,
and illegal refining. “But for the efforts of
Operation Delta Safe in protecting critical
oil and gas assets, the situation would have
gone beyond control,” Weli said, calling on
the Operation Delta Safe, a special oil and
gas asset protection force, and other
government security forces to intensify
their activities around oil and gas facilities.
Also speaking at the workshop, SPDC’s
General Manager, Safety and Environment,
Chidube Nnene-Anochie, said, noting that
the majority of spill incidents on SPDC
pipelines were as a result of sabotage. “We
are burdened by the continuous increase in
cases of sabotage and theft. Oil spills due to
theft and sabotage of facilities as well as
i l l e g a l r e f i n i n g , c a u s e t h e m o s t
environmental damage from oil and gas
operations in the Niger Delta.”
According to Nnene-Anochie, SPDC
removed more than 1,160 illegal theft
points from its pipelines between 2012 and
the end of 2018, adding that the attendant
spills from the theft points were sometimes
made worse by challenges of access to the
incident sites to investigate and stop leaks.
“We track the progress of our spill response
from when we learn about the leak to when
clean-up is completed and certified by
regulators.”
Represented by SPDC’s Compliance
Monitoring Lead, Temitope Ajibade, Nnene-
Anochie said no spill was acceptable to the
company. “A key priority for Shell
companies in Nigeria remains to achieve the
goal of no spills from our operations. Nospill
is acceptable, and we work hard to
prevent them. However, SPDC cleans and
remediates areas impacted by spills from its
facilities irrespective of the cause.”

SAIPEC SPONSORS
where subscribers have the option of enjoying
services from several different providers –
MTN, Glo, 9 Mobile, and have the ability to
switch between providers if the pricing or
quality of their service provider no longer suits
them.
"This is a proper industry driven by market
forces. Tower companies, left to provide
uninterrupted infrastructure to run their
equipment are compelled to power their
thousands of towers almost exclusively on
diesel generators.
Dr Chukwueloka Umeh
Group Chief Operating Officer,
Nestoil Limited
Nigeria Must See Gas as a
Resources Beyond Oil
Dr. Chukwueloka Umeh, Group
Chief Operating Officer of
Nestoil Limited, has said that
Nigeria and other African countries
should see gas as a resources beyond
oil, and other developed countries are
already moving away from fossil fuels
to clean energy.
Dr. Chukwueloka revealed that the
world is now steadily shifting to clean
energy, and the focus on oil has started
to decline. And, many countries in
Europe are at the forefront of this
energy revolution.
He further explained that it is high time
that Nigeria should change its energy
focus from oil to gas. He adds: "With its
position as the 9th largest gas reserves
in the world, we have the resources to
do that. The will is also there. The only
thing missing is the innovation to build a
sustainable gas economy in the
country.
“Currently, the only guaranteed gas
income stream comes from production
and exportation of LNG. This is
understandable because the energy
value chain, which taps into the gas
reserves in Nigeria, is broken, and
cannot therefore reliably pay for gas.”
He also said that there should be a kind of
innovative approach for the gas industry to
function effectively as some of its value
chain such as transportation, usage in power
generation, petrochemicals generation &
agriculture, power distribution, is broken.
"We cannot put the cart before the horse,
therefore for the gas industry to work, the
gas off-take and the means for collecting
revenue to pay for it must work. Herein lies
the required innovation.
"We cannot simply copy and paste what has
worked in other developed or developing
countries. We must leverage learning from
other countries to create our semi-unique
methods that will work. We have done this
successfully in several other industries.
"For example, Telecoms (data and voice)
works very well in Nigeria. We have the
highest internet penetration in Africa, with
55% in Nigeria alone. This is an average of 1
in 2 people (111 million people in 2019) with
internet access in Nigeria. The Telcos
divested from owning towers, and left that
to the likes of IHS, while they focus on the
business of providing quality voice and data
services within their allocated frequencies.
"Competition amongst them and intelligent
regulation by the National Communications
Commission (NCC) have created a market
"Though somewhat primitive, this is their
innovative response to keep the telcos
running 24 hours a day, 7 days a week.
Competition has also aided the birth of smaller
companies like Smile, IPNX, to name a few,
who provide primarily quality data service, and
now also voice service at competitive pricing.
"The telecoms industry works because the
companies did it our way, for our market, and
primarily, because the government regulations
were relaxed enough to allow the industry to
grow, and develop and the competition was
allowed to drive pricing and product offerings.
"Imagine if we replicate this in the energy
industry. Imagine a situation where private
power generating companies, GENCOs,
secure the required licenses without having to
deal with too much bureaucracy.
"They would develop IPPs within 2 – 4 years,
secure the required investment based on
bankable agreements with the off-takers, and
build plants.
"They would be able to deal directly with
privately-owned distribution companies,
DISCOs, and large industrial, commercial and
residential clusters, selling power to them at
cost-reflective tariffs, i.e. tariffs that are
economically viable and allows the GENCOs
to repay their loans, pay their fuel suppliers
and make a decent return.
"DISCOs would be allowed to sell power at a
cost-reflective tariff that allows them to make
the required investment to meter most of the
customers within their network, and generally
improve their network, and also make a decent
return. Like the tower companies in the
telecoms industry, ultimately, DISCOs would
likely be split into companies that own the
cables and transformers for distributing
power, while Power Traders would use this
infrastructure to get power to their end
customers.
"The customers themselves would be able to
buy power from the power trader of their
choice, depending on price. In this scenario,
competition for customers’ business would
drive pricing.
"Bringing this home to the oil and gas industry,
GENCOs would buy gas from gas producers,

SAIPEC SPONSORS
who in turn would be able to deliver their
gas on pipelines owned either by NGC or
private companies. With the increase in the
number of GENCOs, DISCOs and metered
customers, more gas pipelines would be
built in the country.
"A true gas grid would, therefore, be born.
Nigerians would have cooking gas piped
directly to their homes instead of carrying
ugly gas cylinders around. Imagine how
many pipeline EPC companies would have
to grow to meet the demand? More
companies like Nestoil would spring up and
grow. Imagine it.
"We look at a nation like China, who turned
their economy around in 20 years; the
primary catalyst was the country’s strong
stance to invest in building a robust
infrastructure. They built large baseload
power plants in many locations to provide
reliable power to its growing manufacturing
industries.
"With these power plants that run
primarily on coal, they can produce
goods at competitive prices.
Anywhere you visit in China, you
would see its bustling economy, with a
considerable percentage of its citizens
being elevated out of poverty each year.
"I have imagined the scenario I described,
and it is simply remarkable. It would be the
beginning of the much talked about growth
in our economy. Anything short of this is a
dream that would never come to pass.”
................................................................................................................
FG Promises Bigger Plans, Transparent Policies for
Development of Downstream Oil, Gas Sector
T
the sector including new refining capacities
emerging in the country.
h e N i g e r i a n F e d e r a l
Government has once again
reiterated its commitment to
repositioning the downstream
petroleum sector by making new
policies that will transform the sector
for growth opportunities.
The Honourable Minister of State for
Petroleum Resources, Chief Timipre
Sylva, said that the Nigerian
Government is focused on the holistic
development of the downstream
sector, creating a friendly environment
and enormous opportunities for the
industry players.
The minister further explained that new
action plans will be taken to encourage
Public-Private Partnerships in the
downstream sector especially in the
areas of fixing and expansion of existing
pipeline infrastructures and depots.
“We will actively collaborate with the
private sector to create a large number
of well-paying jobs for Nigerian youths.
“The government is currently finalizing
clearer and more transparent
regulatory framework with welldelineated
activities to support the
rapid infrastructural development in
“Government will aggressively promote the
passage of PIB which will among others, in
respect of the downstream sector,
engender: a focused Regulatory Agency;
Regulated tariff and open access – pipeline
and terminals, Establishment of customer
protection principles including transparency
and accountability; Introduction of
transportation network code; Regulatory
enforcement; Better relation amongst all
stakeholders.
“The flare gas commercialization will be
aggressively pursued albeit with foolproof
framework, void of ambiguity to ensure
sufficient economic benefits to the nation.
“LPG expansion programs to make it the first
choice of energy for domestic and industrial
purposes is ongoing. This is being pursued
through “the LPG Penetration Initiative” of the
Ministry of Petroleum Resources. The
framework is designed to achieve at least 40%
fuel switch to LPG by 2025, attainment of
5MM MT domestic utilization of LPG and the
creation of an estimated 500,000 job
opportunities within the next 5 years.
“The recently launched ‘Operation White’ has
been strategically developed to eradicate the
smuggling of PMS across Nigerian borders.
The Government will not relent on the
sustenance of the program. A team of 89
persons drawn from 5 key Agencies has been
mandated to ensure transparency and
accountability in the distribution of petroleum
products across the country.
“Refurbishment of the existing refineries to
achieve full capacity operations shall be fasttracked:
(PH ongoing, others to follow by Q1 &
Q2 2020),” the minister added.

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