Nigeria Assembly

A key theme throughout the two days of conversation was the strategies of ensuring successful and mutually beneficial partnerships. Moreover throughout the discussions there was a call from speakers and attendees a like, for the ocntinued efforts to increase levels of collaboration within the industry in Nigeria between IOC’s and local E&Ps, as well as the more effective partnership between the finance community and the energy industry in Nigeria. This would ensure better contract renegotiation and thus opportunity for growth not only in the oil and gas service market, but also in the sector as a whole.

In the light of recent passing of significant legislation, there were many conversations around implementation and improvement of policy. Many agreed that policy should be developed incrementally and integrated, unlike previous legislation which had often been introduced and then scrapped and replaced to overcome the challenges that had arisen with the policy. Moreover attendees and speakers alike agreed that there needed to be clearer avenues to communicate with government. A few suggested that writing to Senators and government representatives was often an effective method of raising issues and finding solutions.

Throughout the two days of conversations there was a clear optimism about the gas market in Nigeria. Arguably this was rooted in the recent passing of the National Gas Policy as well as the Ministry announcing clarifications surrounding the influence of the PIB on the gas sector in Nigeria. Whilst many suggested that the gas to power sector could be the golden ticket to restoring Nigeria’s position as a leader in the international energy sector many also highlighted the potential for gas to be used in domestic commercial markets. A concern that was highlighted is the potential for international gas pricing competition to reducing Nigeria’s opportunity to become an international seller of gas and for domestic users to look outside of Nigeria.
Therefore, it is key that preventative methods are implemented to establish the security of the gas for future domestic commercial use and international pricing competitions.

Highlighted in the opening session of the assembly, which was co-hosted with Future Energy Nigeria, was the importance of the Nigerian energy industry to diversify and enable collaboration between the oil and gas sector and the power sector. Whilst the power sector is continuing to grow in Nigeria, many of the participants suggested that with the backing of the oil and gas sector the power sector could grow much more rapidly and more effectively.

For further analysis of discussions at the Nigeria Assembly 2017 please see the following articles:

1. The Happenings.com – Photos 
2. Punchng.com – Oil & Gas Council Conference on Investment in sectors
3. This Day Live.com – OIl & Gas Council

8:00 am
Registration Opens & Networking Coffee & Breakfast

10:00 am Networking Coffee Break

11:30 pm
Finding the Funding: What alternative are Junior Producers, Independents and Indigenous Oil and Gas Companies using to raise funding?

12:30 pm Networking Lunch

1.30 pm
Modular refineries: What Prospect Do They Post for Investors & What is the Implication for the Upstream Sector?

 – Close of day Two & Close of the Assemby