Int'l - Conferences (29)
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The Pre-Conference Workshop kick started the 35th edition of NAPE’s flagship Annual International Conference and Exhibition on Thursday 9th November, 2017. Venue was the Eko Hotel and Suites.
The NAPE President’s Opening remarks were brief. He told the distinguished gathering that this year’s conference was a continuation of the conversation which started at last year’s conference when the nation ex-rayed the oil and gas industry and attempted to proffer solutions to tackling the realities then.
The keynote paper was delivered by Dr Emmanuel Egbogah , OON on the theme: Transforming Nigeria’s Oil and Gas Industry to Meet Global Demand-Supply Realities. In his Presentation, Dr. Egbogah surmised that by 2020 the industry will remain the highest source of revenue to the Nigerian government and that government should do more to improve the sector and create more opportunities. Dr Egbogah added that: what is more important is for the government not to see the oil and gas industry as a source of income to just fund her budget, rather they should see it as a value creation opportunity to improve the economy.
Other Speakers at the event included: Mr Toyin Olagunju, General Manager Corporate Services, SPDC, who stood in for Mr. Osagie Okunbor, Managing Director, SPDC and Chairman, Shell companies in Nigeria; Mr. Nicholas Terraz, Managing Director/ Chief Executive, Total E & P Nigeria; Dr. Mason Oghenejobor who represented Mr. Austin Avuru, FNAPE, Chief Executive Officer at Seplat Petroleum Development Company Plc.
For the Pre-Conference Workshop pictures, Click Here.
How Nigeria Can Deepen Oil Exploration – Chevron Boss
Jeff. Ewing, Chairman/Managing Director Chevron Nigeria/Mid-Africa Strategic Business Unit, has said that Nigeria still has significant opportunities to find new oil and gas resources. He disclosed this in his opening remarks during the Opening Ceremony of the Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference on Tuesday 21st November 2017 at the Eko Hotels & Suites, Victpria Island, Lagos.
He also said the nation’s oil industry has an opportunity in rejuvenating old frontier basin exploration, to discover impact resource additions for strategic reserves replacement and growth.
He noted that the requisite growth of oil and gas resources in the country could be achieved through Regional Geological Assessment of the Niger Delta basin; new thinking and technology in seismic acquisition and seismic processing; deep drilling and prospecting, as well as cost-efficient future developments.
‘’It is evident that there is significant unpenetrated and undiscovered hydrocarbon resource and reserves just below existing infrastructure. Average drill depth below mudline in the Niger Delta is approximately 10,000 to 12,000 feet’’, he added.
He also emphasised the need to build a robust inventory of drill ready prospect portfolio in readiness for more favorable oil price and globally competitive fiscal policy.
He also spoke on NAPE’s role in achieving oil and gas industry objectives, saying the group is well-positioned to encourage industry-academia collaboration for local research and development and provide a platform for the articulation of ideas that will help advance the oil and gas industry and the nation’s economy.
According to Ewing, Chevron Nigeria has continued to sustain efforts towards delivering exploration and production projects and activities as well as making significant investments in gas projects in the country.
Culled from Independent Newspapers Limited: www.independent.ng
NNPC secures $3.7b alternative financing, targets $38b in revenue, 190,000bopd increased production
The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years, Group Managing Director of the Corporation, Dr. Maikanti Baru has said.
The NAPE President (now the Immediate Past President IPP), Mr. Abiodun Adesanya FNAPE welcoming Dr.Maikaiti Baru, the GMD, NIgerian National Petroleum Corporation
Dr. Baru, who made this known while speaking at the 35th Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Wednesday, said securing external funding arrangement was crucial to sustaining oil and gas production in Nigeria and ensuring the survival of Nigeria’s energy future.
“Within the last three (3) years, we have embarked on several successful Alternative Funding Programmes to sustain and increase the national daily production and producibility,” Dr. Baru told delegates at the annual conference.
According to the GMD, the $3.7bn financing package included the $1.2Billion multi-year drilling financing package for 23 onshore and 13 offshore wells under NNPC/Chevron Nigeria Limited Joint Venture termed Project Cheetah and the $2.5Billion alternative funding arrangements for NNPC/SPDC JV ($1Billion) termed Project Santolina; NNPC/CNL JV ($780Million) termed Project Falcon as well as the NNPC/First E&P JV and Schlumberger Agreement ($700Million).
Project Cheetah is expected to increase crude oil production by 41,000bopd and 127Mmscfd with a Government-take of $6Billion over the life of the Project.
In the same vein, Projects Santolina, Falcon and the NNPC/First E&P JV and Schlumberger Funding Arrangement are expected to increase combined production of crude oil and condensate by 150,000bopd and 618MMscfd of gas with a combined Government-take of about $32Billion over the life of the Projects, Dr. Baru added.
He observed that evolving a new funding mechanism for the JV operations was a critical part of President Muhammadu Buhari’s far-reaching reforms aimed at eliminating cash call regime, enhancing efficiency and guaranteeing growth in the nation’s oil and gas industry.
Explaining further, Dr. Baru noted that as a result of the cash call underfunding challenge which rose to about $1.2bn in 2016 alone, NNPC and its JV partners began exploring alternative funding mechanisms that would allow the JV business finance itself in order to sustain and grow the business.
He added that with average JV cash call requirement of about $600 million a month, coupled with flat low budget levels over the past years, the budgeted volumes were hardly delivered.
“The truth is that it is difficult to deliver the volumes without adequate funding. The low volumes and by extension low revenues had resulted in the underfunding of the Industry by Government, which has stymied production growth,” he observed.
Today, with the new Alternative Funding Arrangement in place, JVs will now relieve Government of the cash call burden by sourcing for funds for their operations (estimated at $7-$9 billion annually).
Dr. Baru, who spoke on the theme: “Review of the Current State of Funding for the Upstream Sector and the need for a New Policy Initiative”, commended NAPE for its contributions towards shaping the Oil and Gas landscape in Nigeria, said it was incumbent on NNPC to associate with such a professional body for the benefit of the nation.
“It is on record that key pieces of legislation such as the Marginal Fields Act and the Deepwater Fiscal Policies, the Nigerian Content Act, as well as the Unitization Policy were all based on templates that came out of previous NAPE Conferences,” he said.
Corroborating Dr. Baru’s case for Alternative Funding, former GMD of NNPC, Engr. Funsho Kupolokun, called for fresh approaches such as the involvement of more indigenous participation to address the challenges of funding upstream operations in the country.
Earlier in his speech, President of NAPE, Mr. Abiodun Adesanya, described the challenge of cash call as very critical because it affects all the objectives and targets of growing the reserves and increasing crude oil production in the country.
This year’s NAPE Conference has as its theme: “Beyond Cash Call: A ROADMAP FOR NIGERIA'S OIL AND GAS INDUSTRY IN A DIVERSIFYING ECONOMY.
Culled from www.worldstagegroup.com
35th Annual International Conference and Exhibitions 2017
Theme: A ROADMAP FOR NIGERIA'S OIL AND GAS INDUSTRY IN A DIVERSIFYING ECONOMY
Venue: Eko Hotel and Suites, Victoria Island, Lagos.
Date: 19 - 23 November, 2017
ABSTRACT SUBMISSION GUIDELINES
1. Only ONLINE submissions is allowed for the NAPE 2017 International Conference and Exhibitions
Abstract Submission Deadline -July 7, 2017.
2. We strongly recommend that all abstracts be submitted as MS word document
3. All authors are also requested to send an email to the underlisted for confirmation of abstract submission
For complete Abstract submission guidelines and summary of sub-themes
2017 CONFERENCE REGISTRATION INFORMATION
Online registration from now until August 18, 2017: N45,000
Registration (Online, Cash, Cheques) from August 19 to September 30, 2017:
NAPE members (Financially up-to-date registered member): N55, 000
Research Institutions: N30,000
Students (Financially up-to-date registered member): N15,000
Registration after September 30th, 2017 and at the Conference Venue:
NAPE members (Financially up-to-date registered member): N 60,000
Non-members: N 70,000
Research Institutions: N 35, 000
Students (Financially up-to-date registered member): N20,000
Online Registration: Registration fees are payable online with the link: http://payments.nape.org.ng/confpayments.php
For payments, the NAPE bank account details are:
Account Name: Nigerian Association of Petroleum Explorationists
Account Number: 0009381477
Sort/Swift Code: 058152162
Bank Name: Guaranty Trust Bank Plc. (GTB) 49A, Marina Branch, Lagos.
For enquiries, please contact the Executive Director, Mrs. Esther Adeniyi, NAPE Secretariat, 47A Femi Okunnu Housing estate, Lekki Peninsula, Lagos.
The 34th Annual International Conference and Exhibibitions was held November 13 - 17, 2016 at Eko Hotel & Suites, Victoria Island Lagos.. The theme of the Conference was Nigerian Oil & Gas Industry - Tackling Our Realities. The Conference was held November 13 - 17, 2016 at Eko Hotel & Suites, Victoria Island Lagos.
Click the below links to the various NAPE 2016 Conference Events showing the pictures from the NAPE AICE Events.
1. President’s Night
7. Awards Night
GAS flaring has been an issue in Nigeria right from the beginning of commercial exploitation of crude oil in the country. Although, it is common knowledge that the economy is substantially dependent on exploration of oil than it is to gas, the industry has been practically frustrated and nearly abandoned over the years due to failure by past government to develop the sub-sector. For example, the Social Development Integrated Centre (Social Action), a Non-Governmental Organisation (NGO), disclosed recently that the country lost a whopping sum of N31.8 billion as revenue to gas flaring, in the month of February this year. Despite longstanding laws against gas flaring, the burning of natural gas during oil extraction and shifting deadlines to end the practice, the activity continues.
At this year's Nigerian Association of Petroleum Explorationists (NAPE) Pre-Conference Workshop on Monday 10th November, 2014, stakeholders believed that it is expedient for the government and policy-makers in the oil industry make every effort to appreciably reduce the quantum of gases being flared in Nigeria and encourage the development of gas infrastructure. The conference, which was tagged: "Driving an Executable Gas flare-out agenda for Nigeria's Oil and Gas Industry," brought together stakeholders in the oil and gas industry to deliberate on the issue of gas flaring and proffer possible solution to the menace. Speaking at the event, President of NAPE, Mrs. Adedoja Ojelabi, said that in spite of several gas flares-out regulations and policy, the country continue to flare the natural resources. "The goal post has shifted a few more times, 2001 to 2004, and then the National Energy Policy that declared January 1, 2008 then December 31, 2008 as the deadline for gas flares-out in Nigeria. Some reports have named 2015 as the next deadline", she added. Ojelabi identified key issues hampering the effective reduction in gas flaring in the Niger Delta include Legal issues regarding gas flaring regulatory framework; Nigerian government's commitment /capacity to create enabling environment; Fiscal and contractual framework for associated gas; Lack of infrastructure and huge upfront cost to develop it; Access to transmission and markets and energy pricing. She added that there has been a downside, with the negative impact on the environment, sustainable development, erosion of revenue from gas as a commodity, wealth creation from gas investment opportunities, loss of value for power generation where the country is highly deficient. "Recent studies have shown the extent of economic loss to the country could range from $2.5 - 17 billion yearly", she added.
Also, the Minister of Power, Prof. Chinedu Nebo, said that adequate gas supply was necessary for effective power supply in the country. The Minister of Power, who was represented by Frank Edoziem, Senior Special Assistant to the Minister of Power on Power and Gas, said that the recent announcement of a new pricing regime for domestic gas to power has opened up a new vista for the production of gas for domestic consumption. "We now need to look more at the exploitation of Non-Associated Gas. This means that in addition to our traditional sources in the prolific Niger Delta region, we need to look farther afield at marginal fields and the inland basins including the Anambra and Bida basins and the Benue Trough. "In other words, our gas growth needs for power have to be met through dedicated gas developments, targeted at producing gas for power.
Three major issues which include funding, lack of country-wide gas infrastructure and fiscal policies critical to gas development have been identified as hindering the attainment of zero gas flare-out agenda in Nigeria. This position was contained in a communique issued at the end of the pre- conference workshop at the 2014 annual conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) held in Lagos. The Minister of Power, Prof. Chinedu Nebo, Director, Department of Petroleum Resources (DPR), George Osahon, Dr. David Ige, Group Executive Director, Gas and Power, Nigerian National Petroleum Corporation (NNPC) were among participants at the Pre-Conference workshop which focused on the topic â€œDriving Gas Flare-out in Nigeria.â€
The communique which was read by the chairman, Pre-conference Workshop, Mr. Nosa Omorodion, fnape while applauding government for the current development in gas prices, infrastructure development and power reforms, recommended that appropriate funding mechanism be put in place to encourage investment. It also noted that â€œunless in cases where it makes sense for government social responsibility, the gas value chain and pricing should be driven by market forces and accelerated to a willing-buyer/ willing-seller statusâ€. It further pointed out that the current Petroleum Industry Bill (PIB) draft which proposes to tax gas like oil, will be inimical to gas development and, therefore, be reconsidered, while recommending â€œthe adoption of a proposal to establish incentives as opposed to sanctions as a way of supporting gas development.â€
The communique urged government to put in place incentive to encourage aggressive exploration for gas in the frontier areas to increase long term sustainability and added that â€œgovernment expedite action on the establishment of the planned backbone infrastructure development and then transit out of infrastructure development through public private partnership thereafterâ€. The communique also pointed out that existing legal framework for gas, as it is today, remains inadequate to encourage enforcement of flare out and infrastructure development.
Chevron Nigeria Limited has restated its commitment to the activities of geologists and geophysicists, under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE). Speaking at an African Night organised as part of the activities to mark the 32 annual international conference and exhibition of NAPE in Lagos, a fellow of NAPE and senior Geologist with Chevron Nigeria Limited, Mr. Isaac Arowolo, who represented the Managing Director of the company, stated that the oil major would continue to support the activities of the association. Arowolo also restated the companyâ€™s commitment to deepwater development in Nigeria.
The African Night, sponsored by Chevron, featured presentation of awards to the best woman with best head gear; most colourful woman; best-dressed male; best couple of the night; and best dressed female.
The Vice President of NAPE, Dr. James Edet of Total Upstream Nigeria Limited won the award for the best-dressed male. An award was also given to the founder of Quintessence Art Centre, Nigeriaâ€™s cultural icon which sits just off the famous Falomo roundabout in Ikoyi, Chief Aino Oni-Okpaku, a Swedish textile specialist who married and settled in Nigeria. She was honoured at the Chevron-sponsored NAPE African Night Award for her contribution to art and culture both in Nigeria and Africa. Quintessence is a place where precious old aso-oke and akwete fabric, kente cloth, and bakuba strips are sold. The art centre has organised many innovative workshops and exhibitions and has also created a platform for Nigerians to co-create with Scandinavia and Latin America artists, developing fusion art in ceramics and weaving.
There were also report that Quintessence organised an exhibition of wool carpets bearing the images of famous Nigerian artists such as Chief Nike Okundaye, Prof. Bruce Onobrakpaeya, and Sam Ovraiti. It was also gathered that proceeds from Quintessence is used to support the Ebun Oluwa Foundation, or Erubodo House, which is a home for special children with learning disabilities. This support has given life and a bright future to so many orphans and abandoned kids.
In his vote of thanks, the President-elect of NAPE, Mr. Chikwe Edoziem of ExxonMobil, thanked Chevron for sponsoring the African Night.