Tuesday, November 29, 2022
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Oil explorationists, policy makers brainstorm in Lagos as NAPE holds 40th Annual Conference

Nigeria’s oil explorationists under the auspices of NAPE, policy markers and top industry players will gather in Lagos from 13-17 November, 2022 to brainstorm on global energy transition and the future of oil and gas.

According to the President of the association, Dr. James Edet, the Conference will host speakers who are high level industry practitioners, key personnel in government and the academia, delivering technical papers on seven (7) sub-themes namely: Energy Transition and Evolving Regulatory Framework, Gas Development, Commercialization and Monetization in the Energy Transition Era, Geo- Environmental Strategies in the Energy Transition Era, New Concepts and Approaches in Geo- Physics, Petroleum System Studies and Integrated reservoir Modelling, New Technology Applications in Exploration & Production as well as Geo Science Training in the New Energy Mix Adapting in a Changing World.

Edet explained that with the rising need for transition towards more sustainable energy sources, energy poverty and global geopolitics require strategic reappraisal of the energy industry in Nigeria. 

“The nation has an Energy transition plan to get us to net zero greenhouse gas emission by 2060. However, there are many factors that need to be considered and appropriately addressed in the nation’s shift to its sustainable energy future. The reality of the climate change is facing Nigeria with desertification in the north and flooding in the south and some parts of the north. This change calls for a crucial need to significantly reduce carbon emissions while ensuring available and affordable electricity”, he noted 

“The Petroleum Industry Act (PIA) is now in place and the Climate Change Act signed into law. The oil and gas industry has a role to play towards the successful implementation of these regulations and ambitious plans. Globally, significant consumers of the hydrocarbon industry are undergoing a massive technological shift towards low or zero carbon energy usage like electric vehicles. The ongoing war, global politics, in-country insecurity challenges and asset divestment have exacerbated the impact of energy supply shortage and altered the energy landscape”, he explained 

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“Furthermore, there are other contenting and increasingly relevant issues such as: energy security; the dynamics of gas development, commercialization and monetization; 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.

“It is against the backdrop of the foregoing that the Nigerian Association of Petroleum Explorationists (NAPE) will at its 40th Annual International Conference & Exhibition be deliberating on the petroleum business and the regulatory environment with a view to addressing the challenges of the global energy transition, evolving regulations, and geo- environmental strategies in the energy transition era”

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