NAPENews Magazine September 2022 Edition

NAPE IN THE NEWS
Oil Theft not Responsible for Nigeria Low Oil
Production
Mr. Austin Avuru, founder, Chairman and Chief Executive
Officer (CEO) of AA Holdings Limited, explained that the
history of Nigeria oil production started from 1970 with
traditional oil terrain in shallow offshore but the key thing is
that over the long period of time, the country managed to
maintain just about 2 million barrels of oil per day.
https://www.energyfocusreport.com/oil-theft-notresponsible-for-nigeria-low-oil-production-avuru/
Divestment is Crucial in Nigeria’s Oil
and Gas Industry-Sylva
…Anticipated economic growth and
rising global population in Asia and Africa,
will significantly push energy demand
upwards that renewable energy sources
alone cannot meet demand by 2050.
https://www.energyfocusreport.com/di
vestment-is-crucial-in-nigerias-oil-andgas-industry-sylva/
FG Challenges Indigenous Oil Firms to
Fill Void Created by Divesting IOCs
Sylva urged the IPPG members to strive to
move their present contribution in
production and reserves to at least 50 per
cent, from about 30 per cent for crude oil
and 20 per cent for gas production, as well
as 40 per cent andcen per cent for oil and
gas reserves, respectively.
https://www.thisdaylive.com/index.php/2
022/07/22/fg-challenges-indigenous-oilfirms-to-fill-void-created-by-divestingiocs/
Divestment Opportunities: Indigenous
Energy Companies are Natural
Partners to Government – Seplat CEO
In this era of divestments by the
International Oil companies (IOCs) from
Nigeria, indigenous energy companies with
the right competences and wherewithal
are natural partners to government in the
quest to harness oil and gas assets, the
Chief Executive Officer, Seplat Energy Plc,
Mr. Roger Brown, has said.
https://www.energyfocusreport.com/dive
stment-opportunities-indigenous-energycompanies-are-natural-partners-togovernment-seplat-ceo/
Divestment is Crucial in Nigeria’s Oil and
Gas Industry
…PIA addresses critical foundation for
industrialization and economic development of
Nigeria.
https://www.energyfocusreport.com/divestm
ent-is-crucial-in-nigerias-oil-and-gas-industrysylva/
Seplat CEO Throws Challenge To
Indigenous Firms Over Divested Assets
By IOCs
The Seplat Energy chief explained that capital
will only travel to and stay in Nigeria when the
investment landscape is transparent and
stable. “Given the uncertainties, investors
struggle to value the future –there is always
some event that impacts value”
https://businessstandardsng.com/seplat-ceothrows-challenge-to-indigenous-firms-overdivested-assets-by-iocs/
Divestment Opportunities: Indigenous
Energy Companies are Natural Partners to
Government – Seplat CEO
Mr. Brown explained: “Capital will only travel to
and stay in Nigeria when the investment
landscape is transparent and stable. Given the
uncertainties, investors struggle to value the
future –there is always some event that impacts
value.
http://bit.ly/3J1YJ6M
NAPENEWS AUG/SEPT 2022 52