The Energy Republic July Edition 2022
This magazine is a Special Edition focused on the NOG Conference and Exhibition 2022. The Nigeria oil and gas industry is undergoing a transformation following the recent policy enactment such as the Petroleum Industry Act (PIA) and ‘Decade of Gas Initiatives’ led by the Federal Government of Nigeria. This years’ NOG Conference features world-class conference programmes, including panel sessions to enable industry stakeholders, players and government discuss strategies in funding Nigerian energy mix going forward. In this edition, we featured an exclusive interview with H.E Chief Timipre Slyva, Honourable Minister of State for Petroleum Resources, including stakeholders and experts commentaries which are aligned based on the global trends in the energy, oil and gas industry. For general inquiries, please email us at: info@theenergyrepublic.com
This magazine is a Special Edition focused on the NOG Conference and Exhibition 2022. The Nigeria oil and gas industry is undergoing a transformation following the recent policy enactment such as the Petroleum Industry Act (PIA) and ‘Decade of Gas Initiatives’ led by the Federal Government of Nigeria. This years’ NOG Conference features world-class conference programmes, including panel sessions to enable industry stakeholders, players and government discuss strategies in funding Nigerian energy mix going forward.
In this edition, we featured an exclusive interview with H.E Chief Timipre Slyva, Honourable Minister of State for Petroleum Resources, including stakeholders and experts commentaries which are aligned based on the global trends in the energy, oil and gas industry.
For general inquiries, please email us at: info@theenergyrepublic.com
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AFRICA ENERGY STORIES
PETAN Partners ATOGS, Tanzania To
Deepen Local Content In Africa
TotalEnergies, Compagnie des Bois du Gabon
Join Forces to Develop a New Forest
Management Model
17 19 20
Tanzania Signs $30 Billion LNG Deal
With Equinor and Shell 20
PETAN, MOZAMBIQUE'S ACLM COLLABORATE ON LOCAL
Content Development Among Member Countries
P
ETAN Chairman, Mr. Nicolas
Odinuwe has once again, reiterated
the commitment of PETAN to the
drive for African Local Content, saying that
the collaboration between PETAN and the
Mozambican Local Content Association
ACLM, is unique because both bodies were
borne out of necessity to raise the stakes
within the African energy, oil and gas
industry.
He made the assertion at the ongoing
Mozambique Energy and Industry Summit
taking place in Maputo.
Mr. Odinuwe said that although local
content is an evolving process which should
have the full support of the government, it
should be led by the private sector, which
should be ready to form strategic
collaborations to provide services along the
value chain, map opportunities to identify
key areas of development through the
project development, execution, operation
and maintenance phases of the energy, oil
and gas industry, and invest in human
capacity building programs to catalyze
growth and development.
" W i t h i n d i g e n o u s c a p a c i t y a n d
competence, local participation will ensue
seamlessly. Opportunities will trigger
capacities, competences and innovation.
Partnerships, research and development,
access to markets, finance and capital are
also vital for local content development.
H e n c e , s t a ke h o l d e rs m u s t fo r m
collaborations to catalyze growth and
development.
"As a support group, the ACLM, like PETAN,
has the potential power and influence to
harness the gains of the industry if properly
supported and guided. Therefore, the ACLM
must target engagements with government,
operators, regulators and IOCs and serve as
an effective midwife group for the benefit of
local service players as well as the citizens".
He assured that the process of developing
local content is beneficial in the long run, as
it will address challenges such as touting,
capital flight and improve in-country value
retention, domiciliation and domestication.
He however warned against nonperformance
or delays, which has major
cost implications on operations and the
overall economy. "Indigenous suppliers or
service providers must develop a culture of
reliability and competence. As the focal
point of the Local Content drive and private
sector representatives, we must be the
pedestal to the growth and progress of the
b u s i n e s s e c o s y s t e m t h a t d r i v e s
opportunities for SMEs and linkage sectors
of our economies.
"Local participation doesn't just happen.
There must be deliberate policy by
government to promote participation and
the necessary enablers must be put in place
for it to thrive. In Nigeria, PETAN partnered
with the government to form our Local
Content Law and today, we have our Local
Content regulatory body, the Nigerian
Content Development and Monitoring
Board, NCDMB, which has been doing
wonderfully and on whose Board PETAN has
a spot as a Council Member.
He assured that with PETAN's experience as
the leading association of professional
indigenous technical oilfield service
companies in the upstream, midstream and
downstream sectors of the iul and gas
industry in Nigeria, as well as the leading
representative advocacy group, PETAN is
ready to offer support and mentorship the
ACLM to achieve its objectives.
17
THE ENERGY REPUBLIC I SPECIAL EDITION