Nigeria Assembly

 

 

25 November 2019

 Eko Hotels & Suite
Lagos, Nigeria

The meeting point for Financiers, Investors and Oil and Gas Companies in Nigeria

What is the Nigeria Assembly

The Nigeria Assembly took place on the 7th & 8th of November 2017.  The assembly brought international financiers and investors to Nigeria to meet and discuss how to overcome funding challenges currently facing the Nigerian oil and gas industry. Stakeholders who were in attendance and part of the speaking faculty were representatives from IOC’s, Mid & Larger Caps as well as indgenous small independent gas companies.

Key take-aways from the 2017 Event:

The Choice of the Investor

There is no denying that Nigeria has an abundance of resources as well as the infrastructure and workforce capacity to take advantage of the opportunity. However, international investors are still somewhat deterred from investing. During the discussions titled: A View from the Outside: What is the Appetite for International Investment into the Nigerian Oil & Gas Sector?
Bridging the Gap: How do Oil & Gas companies and local banks secure international investment? It was highlighted that investors have a choice and international competition to secure their backing is fierce, therefore whilst Nigeria is a key prospect, it has to ensure that it is more attractive by meeting international standards and requirements.
The question that is now posed to stakeholders in the industry is whether they are going to raise their standards and compete internationally or allow investment to dwindle.

 

 

Collaboration & Partnership

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.

 

 

Government Communication and Policy Development

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.

 

 

The Potential of Gas

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.

 

 

Diversification and Collaboration of the entire Value Chain

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

 

 

The takeaways will be key themes at our future events in Africa including our annual Africa Assembly 2018 which will take place in Paris 6 – 7 June.
To read further information about this event please visit the Africa Assembly website or contact Simon Hoare, Africa Portfolio Manager
+44 20 7384 8060.

2017 Agenda at a Glance

Please contact Simon Hoare for more information. 

Day 1 - 7 November 2017

 

8 am Morning Coffee and Registration 

9:00 am
Opening Keynote Address

10:15 am Networking Coffee Break

11:15 am
A Review: What is the Current Climate for Investment, Exploration & Production in Nigeria?

12:15 pm
A View from the Outside: What is the Appetite for International Investment into the Nigerian Oil & Gas Sector? 

13:00 pm Networking Lunch Break

 

2:15 pm
A Briefing from the Legislators: What are the Aims & Desired Impact of the PIGB, National Gas Policy and the Petroleum Policy?

3:00 pm
PIGB, National Gas Policy and Petroleum Policy: Reactions from Industry

3:45 pm Networking Coffee Break

4:15 pm
Bridging the Gap: How do Oil & Gas companies and local banks secure international investments

5:00 pm – 6:30 pm Close of Day 1 & Networking Drinks Reception

Day 2 - 8 November 2017

 

8:00 am
Registration Opens & Networking Coffee & Breakfast

09:00 am
The New Price Normal: Collaboration to Ensure Efficiency & Profitability

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

Success Stories

“The conference was a mutually beneficial networking session for us and our clients. I met a few new African players that were not on my radar”

Bayo Adebayo

VP Global Accounts, Schlumberger

“It was a pleasure and fun participating in the meetings this year. I really had a great time being there and meeting the different group of people the assembly gave us an opportunity to see”

Adeola Olugbenga Ogunsemi

CFO, Oando Energy Resources

“The conference was very positive indeed. Well attended by high level executives, and some of the panels provided a deeper insight into the matter of Gas to Power in particular that I found extremely enriching”

Vincent Gueneau

Chairman, Kappafrik Group

2017 Featured Speakers

Dr Amy Jadesimi

Dr Amy Jadesimi

Managing Director, LADOL

Eme Essien

Eme Essien

County Manager, International Finance Corporation Nigeria

H.E Gabriel Mbega Obiang Lima

Minister of Petroleum, Industries and Energy, Republic of Equatorial Guinea

H.E. Jean-Marc Thystere Tchicaya

H.E. Jean-Marc Thystere Tchicaya

Exploration & Production Director, Petrosen

Joseph Medou

Joseph Medou

Exploration & Production Director, Petrosen

Ken Etete

Ken Etete

Managing Director & CEO, Century Group

Michael Humphries

Michael Humphries

Head of Oil & Gas Corporate Finance, Rand Merchant Bank

Mobolaiji Osunsanya

Mobolaiji Osunsanya

CEO, Onando Gas and Power

Nyonga Fofang

Nyonga Fofang

Managing Director, Bambili Group

Tonye Cole

Tonye Cole

Co-founder and Group Executive Director, Sahara Group

Wale Tinubu

Wale Tinubu

Group Chief Executive, Oando PLC

Downloads

2017 Attending Companies List

2017 Full Agenda

Media Partner

Contact Us

Simon Hoare

Simon Hoare

Managing Director

Speaking Enquiries
Tel: +44 20 7384 7963

Amir Shirkhan

Amir Shirkhan

EVP & Head, Corporate Development

Sponsorship & Delegate Enquiries
Tel: +44 20 7384 8058

Lyle Simpson

Lyle Simpson

VP Corporate Development, EMEA

Sponsorship & Delegate Enquiries
Tel: +27 82 333 4832

Natasha Johnson

Natasha Johnson

Marketing Manager, Africa

Marketing Queries
Tel: +27 21 001 3891