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Maximising Africa's Natural Resources

COUNTRY SPORTLIGHT: NIGERIA - A Renewed Hope for a High Energy Future

Africa’s biggest oil producer is in the middle of a complete overhaul of its energy sector following the adoption of the Petroleum Industry Act in 2021, the Electricity Act in 2023, and the recent removal of its multi-billion dollars gasoline subsidies. To grow output back to the 2 million barrels per day threshold and boost gas supply, Nigeria must now sanction long-delayed offshore projects while resolving its onshore security crisis.

  • How are the Petroleum Industry Act and Electricity Act creating new opportunities for investments across the value-chain?
  • Following a few encouraging discoveries by TotalEnergies and Seplat Energy since 2021, how can onshore and offshore exploration be further incentivized?
  • What are the commercial aspirations of Nigerian independents and how can they access capital to expand energy and gas infrastructure?
  • What decarbonisation and ESG strategies are required to make Nigeria’s oil & gas sector more attractive to global capital?


Wednesday 11 October 09:30 - 10:15 Stage A

Gas Forum

Add to calendar 10/11/2023 09:30 10/11/2023 10:15 COUNTRY SPORTLIGHT: NIGERIA - A Renewed Hope for a High Energy Future

Africa’s biggest oil producer is in the middle of a complete overhaul of its energy sector following the adoption of the Petroleum Industry Act in 2021, the Electricity Act in 2023, and the recent removal of its multi-billion dollars gasoline subsidies. To grow output back to the 2 million barrels per day threshold and boost gas supply, Nigeria must now sanction long-delayed offshore projects while resolving its onshore security crisis.

  • How are the Petroleum Industry Act and Electricity Act creating new opportunities for investments across the value-chain?
  • Following a few encouraging discoveries by TotalEnergies and Seplat Energy since 2021, how can onshore and offshore exploration be further incentivized?
  • What are the commercial aspirations of Nigerian independents and how can they access capital to expand energy and gas infrastructure?
  • What decarbonisation and ESG strategies are required to make Nigeria’s oil & gas sector more attractive to global capital?
Stage A Africa/Johannesburg
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Speakers

Akinbambo Ibidapo-Obe

General Manager, Commercial, Oando Energy Resources

Rose C. Ndong

Executive Commissioner, Exploration and Acreage Management

Sops Ideriah

Group Managing Director, SLB West Africa