logo #NOG20dmge 5–8 July 2021

  1. Assessing Nigeria’s Position in the Evolving Global Energy Landscape

As the world transitions toward cleaner energy sources, there remains a need for energy to drive industrialisation sustainably. Taking stock of Nigeria’s energy resources, a clear agenda must be set for meeting domestic energy demand, increasing export market plays and achieving international environmental standards.

  • What strategies are in place to strengthen Nigeria’s position as a global energy player and increase the use of low carbon
  • How can legislation and policy drive the development of cleaner fuels for domestic utilisation?
  • How can Government and private sector players collaborate to drive Nigeria’s renewables sector forward?
  • What long term plans are in place for harnessing gas to propel industrialisation and increase exports?

 

  1. Transforming the Nigerian Oil and Gas Industry through Legislative Reformation

The impact of COVID-19 on oil dependent economies has introduced greater uncertainties and strengthened pre-existing vulnerabilities. New approaches to legislation and policy will be explored as part of the strategy to sustain and increase oil and gas industry activities:

  • What impact have the amendments made to the Deep Offshore and Inland Basin Production Sharing Contract Act, 2019 had on on-going operations and future exploration and production projects?
  • How do the proposed fiscal terms of the PIB encourage investment into hydrocarbons in a post COVID-19 era?
  • Implementation of National Gas Policy – reviewing the progress made by Government based on the short, mid and long-term goals since 2017
  • From crude to product: reviewing attractive legislation and conducive market structures
  1. Fortifying the Oil & Gas Business through Technology and Innovation

Companies that have been able to exploit the fast-paced evolution of oil and gas technology set themselves apart in a world where efficiency and agility are prerequisites for survival and growth. Lower oil prices, ongoing operational cost and fiercer global competition means an increased need for oil and gas operators to work smarter, faster and more efficiently:

  • Will Government and the private sector collaborate to drive down the cost of production to meet NNPC’s expectations?
  • What areas can digital technology be applied to for rapid value add and a real return on investment?
  • How will R&D initiatives be accelerated to identify and close the gaps in digital technology application?
  • What lessons can be learned from international best practices and extended to the application of digital technology to increase deep offshore production profitability?
  • What innovative strategies can be harnessed to reduce Nigeria’s carbon footprint?

 

  1. Driving Economic Development & Sustainability Through In-Country Capacity Development

Nigeria’s oil and gas sector currently contributes 70% of Government revenues and 90% of foreign exchange earnings. However, it is projected by the Federal Government that by increasing local content from 31% to 70%, the country would retain $10 billion annually:

 

  • What capacity development strategies are being developed to create socioeconomic independence for the nation?
  • How will the proposed Local Content Development and Enforcement Bill and Nigerian Oil and Gas Industry Content Development Act (Amendment) Bill enhance human capacity development, encourage knowledge and technology transfer and support the domestic manufacturing of goods?
  • What plans are in place to sustain the efforts and investment into domestic capacity development in a post pandemic era?
  • How will the two proposed Nigerian Content Bills increase opportunities through sectorial linkages for existing indigenous oil and gas in the Nigerian oil and gas sector?

 

  1. Bridging Nigeria’s Domestic Energy Gap and the Journey towards Energy Self Efficiency

Industrialisation, economic development and growth, poverty alleviation, public health, education and job creation are all hinged on uninterrupted and affordable clean energy supply. Following the pronouncement of 2020 as the ‘Year of Gas’ for Nigeria by the Honourable Minister of State for Petroleum Resources, H.E. Timipre Sylva, the development of a domestic gas market has been at the top of the FGs priorities:

 

  • Does the impact of global events on gas price encourage the domestication of gas as compared to export?
  • What is the appetite of investors considering the domestic gas market value chain, e.g. storage plants, virtual pipelines, liquefaction plants and compression stations?
  • What untapped opportunities exist in the use of LPG, CNG and LNG in the domestic market?
  • What progress has been made by Government to develop the requisite gas infrastructure to meet national demand and beyond? Reviewing the AKK, ELPS II and OB3 Gas Pipeline and the Nigeria-Moroccan Gas Pipeline
  • With ongoing construction of new refineries and the rehabilitation of existing ones, how much closer is Nigeria to achieving energy security?
  • How will legislation encourage private sector participation in the downstream sector?

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