Kyari to Lead Discussions on Repositioning Nigeria’s Troubled Oil Sector at NAPE Conference

Peter Uzoho

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, will lead operators and relevant stakeholders in the Nigerian oil and gas industry to chart a new path for the industry that is bedevilled with a plethora of challenges.

The NNPC GCEO is expected to deliver a keynote address as the special guest at the upcoming 41st Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) slated to hold in Lagos between November 12 to 16, 2023.

Announcing the conference with the theme: ‘’Repositioning the Oil and Gas Industry for Future Energy Dynamics’’, during a press conference in Lagos, NAPE President, Elliot Ibie, said industry players would be deliberating on a wide range of challenges and emerging issues in the domestic and global energy landscape with a view to repositioning the nation’s oil sector for the future.

Ebie explained that the rising need for transition towards more sustainable energy sources, energy poverty and global geopolitics require strategic re-appraisal of the energy Industry in Nigeria.

He noted that Nigeria has an Energy Transition Plan (ETP) to achieve net-zero greenhouse gas emission by 2060, saying, however, there were many factors that need to be considered and appropriately addressed in the nation’s shift to its sustainable energy future.

Globally, Ebie observed that significant consumers of the hydrocarbon industry were undergoing a massive technological shift towards low or zero carbon energy usage.

He said the ongoing Russia-Ukraine war, global politics, in-country security challenges and Asset divestments have exacerbated the impact of energy supply shortage and altered the energy landscape.

He maintained that Nigeria’s energy landscape remained characterised by other contending and increasingly relevant issues such as energy insecurity; the dynamics of gas development, commercialisation and monetisation; development of Nigeria’s under-explored gas rich cretaceous basins; and how Nigeria will adapt her policies and diversify her energy portfolio in the energy transition era so as to achieve sustainable growth for her economy.