NOG 2021 will focus on the strategies that will be employed by the Nigerian government and private sector leaders to navigate the emerging business environment – helping to set the nation’s energy agenda for the next 12 months and beyond.
The year commenced with plans for development and growth for the Nigerian oil and gas industry with the pronouncement of 2020 as the ‘Year of Gas’ by the Honourable Minister of State for Petroleum Resources, H.E. Timipre Sylva. The arrival of the global pandemic led to a disparity in supply and demand of hydrocarbons, a drop in oil price and an economic crisis of unprecedented magnitudes. This introduced new vulnerabilities to the main contributor to Nigeria’s Government revenues. Oil continues to be one of the major sources for power generation. However, increasing global investment into cleaner sources of energy, volatility of oil price and the awaited clarity on the legislative framework for oil and gas production in Nigeria all highlight the need for a more diverse energy mix. The NOG Strategic Conference will review Nigeria’s positioning within the evolving global energy landscape, with a focus on emerging opportunities to transform her energy industry through robust legislation, technology and innovation, in-country capacity development and actualize energy sufficiency targets:
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.
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:
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:
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:
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:
Nigeria Oil & Gas Strategic Conference
The Nigeria Oil & Gas Conference & Exhibition (NOG) has recently been acquired by dmg events from the CWC Group:
For sponsorship and exhibition opportunities, please contact:
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Odiri Umusu, Commercial Director M: +44 7593 441 500 M: +234 813 893 8564 D: +44 2080 780 789 |
Alex Pople, Commercial Manager M: +44 7593 441 501 D: +44 208 0780 779 |
Or email: NOGEnq@dmgevents.com
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