30.06.2022 Views

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

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!