The Energy Republic February Edition 2022

AFRICAN ENERGY STORIES
SAIPEC, Odinuwe told the delegates, is the only
oil/gas/energy event that is held in partnership
with the entire sub-Saharan African petroleum
industry stakeholders.
He noted that though the world is yet to
emerge from the throes of the Covid-19
pandemic which he said had spanned over two
years, it has changed the global economy in
unexpected ways. He, however, admitted that
the wave of the pandemic has come with
innovations driven by the digitization of the
global economy. He however assured that
protocols are now in place for measured and
adopted life and economic continuity.
The PETAN Chairman disclosed that “stabilized
and stabilizing markets have all encouraged
innovation in several industries despite supply
chains disruptions”, he stated that “Privatemarket
investors are uniquely positioned to
benefit from the innovation supercycle that is
being driven by the digitization of the global
economy, a decade-long transformation
accelerated by the pandemic.
“The value chain in the oil, gas, and energy
industry is such that if properly harnessed, will
transform the economy of the entire continent.
The challenge has been an enabling
environment to create a private sector-led
industry. Government across Africa, especially
the Oil and gas producing sub-Saharan
countries, should provide necessary incentives
to attract private-sector investments across
the entire value chain. This will trigger a
massive economic revolution, human capital
development and deepen local content across
Africa”, Odinuwe stated.
Stressing on the theme for this year’s SAIPEC
event titled: “Fostering Collaboration to Create
Cross-Boarder Partnerships Across the Oil, Gas,
and Energy Spectrum”, Odinuwe opined that it
is very apt in the sense that “exhibitors,
sponsors, and delegates, especially those who
are joining us for the first time – we believe after
now – will make this a permanent feature of
your annual calendars. We desire to build this
conference to be enviable & innovative with as
much regional spread across Sub-Sahara
Africa”.
He further explained that the sixth edition of
SAIPEC is also “designed to provide
opportunities – as with previous ones – to
renew business relations, make new ones and
strengthen the professional network that binds
us together as one family dedicated to the
advancement of the oil/ gas and energy
industry and the sociopolitical and economic
development of Sub Saharan Africa”.
He however welcomed the delegates, once
again, while thanking the steering committee of
the conference, which is the PETAN Executive
Board and partners, the “GEP for making this
rich gathering worth the time year in, year out.
“I thank you for listening and once again a very
warm welcome to every one of you and on
behalf of PETAN, wish you all a successful
conference. and exhibition”, Odinuwe said.
Dignitaries, some of who were speakers at the
SAIPEC Confab include the Hon. Minister of
State for Petroleum Resources, Chief Timipre
Sylva; the Executive Secretary of the Nigerian
Content Development and Monitoring Board
(NCDMB), Engr. Simbi Kesiye Wabote; the
Group Managing Director/Chief Executive
Officer, Mr. Mele Kolo Kyari; the former Minister
of State for Petroleum, Dr. Ibe Kachikwu.
Others are the Secretary-General of the African
Petroleum Producer’s Organization (APPO), Dr.
Omar Farouk Ibrahim; the former Chief
Executive Officer of the Nigeria Liquefied
Natural Gas (NLNG), Mr. Tony Attah; federal
lawmakers oversight the Nigeria oil industry
and top members of the Board of Trustees and
Executive Board of PETAN; Icons and Captains of
Industry from across Africa and many others.
SAIPEC is hosted by the Petroleum Technology
Association of Nigeria (PETAN), a leading
organisation that represents oilfield services
and technology companies operating across
upstream through to downstream projects.
PETAN is a leader in the promotion of innovative
engineering and creative solutions, that help
advance the petroleum industry both nationally
and regionally.
Year on year, SAIPEC continues to address the
needs of companies seeking to showcase their
innovative solutions and new technologies, and
to support the development of major new
businesses and partnerships to benefit Sub
Saharan Africa’s petroleum economy.
PETAN is an association of leading Nigeria’s
indigenous technical service providers in the
upstream, midstream, and downstream sectors
of the oil industry. PETAN has made significant
progress in many areas in the Nigerian oil and
gas industry including human capital
development, reduction for in-country capital
flight, and other key areas.
APPO Advocate for Further Engagement on Global Energy
Transition Agenda to Clarify Africa’s Position
He pointed out that the developed world agenda on
T
energy transition include a Clean, Reliable, and
Affordable (CRA) energy system, and this is while
Africa’s energy system is different from them.
h e A f r i c a n Pe t ro l e u m P ro d u c e r
Organization (APPO) has advocated for
further engagement on the global energy
transition agenda to clarify Africa’s position in the
transition towards renewable energies.
At a recent international panel session during the
Nigeria International Energy Summit 2022 in Abuja,
APPO’s Secretary-General, Dr. Omar Farouk
Ibrahim, made this known, noting that Africa isn’t
against Energy Transition, but, the transition fuels
wouldn’t be the same in Africa.
He said the Energy Transition Agenda was set by a
group of people who have been using fossil fuels for
over 100 years to develop the economies and wellbeing
of the people.
“Now, we are being told that these fuels that have
changed the lives of people in Europe and America
aren’t good for us.
“In Africa, what we need is a just energy transition
that will allow us to identify our baseload.”
Dr. Omar Farouk Ibrahim, APPO Secretary General
Over the years, he said, African oil-producing
countries have been working on Enhanced Oil
Recovery (EOR) plan aimed at improving fossil fuels
production.
“For us in Africa, our priorities are Affordable,
Reliable, Clean Energy (ARC) system. Without this
energy, you can’t get good health, food, education,
social and economic benefits.
“Africa’s priority for Energy is centralized on
Affordability, Reliability, and Cleanliness.
“We need to discuss further and agree on the
energy transition agenda for the best interest of
everyone.
“Nobody should dictate for Africa on this matter.
Africa cannot be intimidated in accepting an
ideology that isn’t in the best interest of the
continent,” he added.
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THE ENERGY REPUBLIC I SPECIAL EDITION