9 - 13 July <strong>2023</strong>
SAIPEC <strong>2023</strong> STORIES PETAN’S SAIPEC <strong>2023</strong>: ‘Harnessing A Sustainable African <strong>Energy</strong> Industry Through Partnerships’ Hosted by the Petroleum Technology Associa on of Nigeria (PETAN), the 7th edi on of the Sub-Saharan Africa Interna onal Petroleum Exhibi on and Conference (SAIPEC) held from 14-16 <strong>February</strong> <strong>2023</strong> at Eko Hotel Conven on Centre, Lagos, stands as the only energy, oil, and gas event held in partnership with the en re Sub-Saharan African petroleum industry. SAIPEC con nues to place its emphasis on the future of the oil and gas industry in Sub-Saharan Africa with collabora on at the forefront of its objec ve and deepening local content development across Africa. <strong>The</strong> event a racts hundreds of NOCs, IOCs, EPC contractors, service companies, technology providers, and the en re oil and gas value chain to engage in progressive discussions, unveil business opportuni es, and cross-border collabora on. <strong>The</strong> oil and gas poten als in Sub-Saharan Africa if properly harnessed will transform the con nent. <strong>The</strong> challenge has been an enabling environment, and incen ves to a ract private sector investment across the value chain which will trigger a massive economic revolu on, human capital, and local content development across Africa. Speaking in an exclusive interview with <strong>The</strong> <strong>Energy</strong> <strong>Republic</strong> at the sideline of SAIPEC <strong>2023</strong>, PETAN Chairman, Nicolas Odinuwe said that Sub-Saharan Africa has about 62.6 billion barrels of proven crude reserves with an es mated 221.6 trillion cubic feet of natural gas reserves, which has posi oned the region to be the last energy fron er and global hub. He noted, "Africa is not where it is supposed to be in terms of infrastructural development, but, the challenges are not insurmountable as African governments are making and a rac ng investments on needed infrastructures". Speaking further, he said, PETAN is establishing its presence across borders by signing MoUs with some African countries, including governments agencies and local content associa ons to make a posi ve impact in helping these African countries to develop and promote all process and value chain ac vi es that will aid the op miza on of Africa's energy poten als. By Ndubuisi Micheal Obineme As part of its partnership ini a ves, PETAN has signed an MOU with Guyana Oil and Gas <strong>Energy</strong> Chamber (GOGEC); Mozambican Local Content Associa on (ACLM); Associa on of Tanzania Oil & Gas Service Providers (ATOGS); and <strong>The</strong> Welding Federa on Africa (TWF). TWF is Africa's frontline organiza on of professionals established to grow African na onal content in welding technology, which is vital in improving compe ve skills for Africa's sustainability in the area of material manufacturing. "PETAN has come a long way since its forma on over 32 years ago. On both individual and group levels, we have formed partnerships with different stakeholders, groups, and even governments, some, under Public Private Partnership arrangements within the country and beyond its borders. African local content collabora ve framework will come into play as a guide for the envisaged partnerships and collabora ons. Our members are involved in most oil and gas projects in and outside the country. "Our members are leading the local content drive through linkage industries for sustainability and inclusiveness that are a growth driver. Our members have and are diversifying into other sectors such as Healthcare, Agriculture, Informa on and Communica on, Manufacturing, and Hospitality amongst others. "Our collabora ons with the Nigerian Content Development and Monitoring Board (NCDMB), and MOUs signed with other African players are part of our African content framework which serves as a guide for most developing and emerging economies in Sub-Saharan Africa. 49 OIL AND GAS REPUBLIC I SPECIAL EDITION