Nigeria Oil & Gas Strategic Conference
Nigeria Oil & Gas Strategic Conference
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:
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?
2: 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
3: 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?
4: 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?
5: Bridging Nigeria’s Domestic Energy Gap and the Journey towards Energy Self Sufficiency
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?
“It is my absolute privilege to address the Nigeria Oil and Gas Conference and Exhibition. Indeed, we are very grateful for the high-level presence of Nigeria at the Seminar through a large delegation, which included many Nigerian companies and oil industry representatives that made a great contribution, including their generous sponsorship.”
“It is always a delight being here at NOG, this is my 7th one. You come here, and you have to appreciate the quality of the people who come to talk at NOG. In terms of organisation, NOG is top quality all the time.”
“Once again, proven to be the most widely regarded and attended industry event in Nigeria, where all objectives on attendance and participation are evidently met.”
Join us at The Nigeria Oil & Gas Conference & Exhibition (NOG) to celebrate the 20 year anniversary of the event.
The Nigeria Oil & Gas Conference & Exhibition (NOG) has recently been acquired by dmg events from the CWC Group:
Same Team. Same World-Class Event. New Home.
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