NAPENews Magazine September 2022 Edition

President’s Desk
Dear Esteemed Members,
I welcome you to the second edition of NAPE News for the
year 2022. It is always my pleasure to engage with you.
2022 has been a kind of a year, from recovering from the
COVID-19 pandemic to the pressure on OPEC to fill the
void created by the Russia - Ukraine war and
accompanying sanctions. Sadly, as a nation, we continue
to grapple with decreasing production capacity, due to
operational challenges and diminishing investments.
In the second half of the year, award letters were finally
issued to the 57 successful bidders from the 2020
Marginal Fields Bid Round. The state-owned Nigerian
National Petroleum Company (NNPC) transformed to
NNPC Limited, a commercial venture, as mandated by the
PIA, unveiling their new logo and corporate agenda, of
plans to expand Nigeria's natural gas reserves, tackle
flaring, and creating more opportunities for our growing
young adult population.
In Nigeria, oil theft, oil pipeline vandalism, weak and
ageing infrastructure, and several other issues continue to
plague our ability to meet our production quota, even for
national energy consumption. Oil theft continues to rise
high as a major source of concern. It is imperative that our
government doubles up on its efforts to solve these
problems.
At NAPE, our Executive Committee continues to strive for
excellence, and we are unrelenting in our public advocacy
efforts for the betterment of the oil and gas community and
the nation at large.
“
In Nigeria, oil theft, pipeline vandalism,
weak & ageing infrastructure, and
other issues continue to plague our
ability to meet production quota, even
for national energy consumption.
In July we held a very successful workshop on
divestments in the oil & gas industry, and what a brilliant
outing we had. The event offered a unique blend of
perspective as to various opportunities in the asset
divestment conversation Many thanks to our brilliant array
of speakers, panelists and moderators, many of whom are
distinguished Fellows of our Association. This suggests
”
that our Fellowship Awardees continue to rise to provide
much needed industry strategic insights & guidance and
truly, stay deserving of their Fellowship,
My most recent outing was at the annual conference of
the Association of Energy Correspondents of Nigeria
(NAEC), here, I presented on the theme: Energy
Transition: "Shaping the future of Nigeria's energy
industry, an appraisal of PIA, Evolving Benefits and
Challenges."
Beyond speaking to these focussed themes, I endeavour
to always amplify and share what our Association, is
doing to ensure smooth energy transition in the country.
Some of which include educational empowerment and
support through capacity development & application of
transferable skills through our UAP / Technical programs.
Others are:
• Inclusion & advocacy for net-zero emissions to
build economic efficiency
• Shared business & technical know-how on
strategies for harnessing divestment opportunities
through the recently held divestment workshop
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