Representatives of the Federal Government and other stakeholders in the oil and gas sector will meet at the Nigerian International Petroleum Summit in 2018.
The summit is an Africa Petroleum Technology and Business Conference (APTC) and will be hosted under the auspices of the Federal Government of Nigeria from February 19 to 23, 2018 at the International Conference Centre (ICC), Abuja.
It would be recalled that the Vice President of the Federal Republic of Nigeria, Professor Yemi Osinbajo, unveiled the official launch of Nigeria International Petroleum Summit 2018 in the presence of 19 African ministers of petroleum and delegates who attended the African Petroleum Producers Organisation (APPO) meeting in Abuja, Nigeria recently and appointed Brevity Anderson Consortium to manage the event.
As a recognised Nigerian government official international platform and the key event in the continent of Africa oil and gas industry, the technology and business conference will bring together African ministers in charge of Petroleum and Energy, chief executives and senior level directors of major oil, gas and allied companies starting from next year to discuss key oil and gas projects in the Africa continent and ensure energy security.
According to the Project Director, James Shindi, participation of Lagos State and other Nigerian oil producing states in the exhibition would testify to its high status.
“The Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) have shown invaluable support for the petroleum technology and business summit 2018 as companies from Africa, Europe, Asia and America and so on will take part in the exhibition to demonstrate innovative technologies in oil production and transportation of energy resources, provision of oil and gas storage systems, services, existing and future oil and gas projects in the continent, and much more.
“The event’s status is consolidated by its line-up of sponsors which include the international, independent, marginal oil fields companies; service companies; financial services and insurance; construction and engineering firms among others.”
Shindi stated further that apart from being the launching pad for new onshore and offshore technologies, it will showcase among leading E&P service companies, some of the robust and anticipated offerings at the Africa petroleum technology and business conference including opportunity to witness licensing/ bid rounds, bid sign-off, major contract signing and economic diversification initiatives of the country.
Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels (bbl) and 192 trillion cubic feet respectively. The sector contributes about 10 per cent to the country’s gross domestic product and accounts for 95 per cent of all exports.
Given that Nigeria’s gas reserves have remained largely untapped, the country is expected to make a shift towards becoming a major producer and exporter of gas which the summit provide with an excellent business environment to interact, cross-pollinate ideas and to make deals happen.