I won’t forget even in a hurry concerns of the onetime US Secretary of State under Donald Trump, Rex Tillerson, voiced out during an OPEC gathering in Vienna, Austria a few years ago. I won’t forget his worry – the linchpin of his few minutes’ presentation – he never shifted from emphasizing technology, revolutionary technology as key to the development, growth and sustenance of the global oil and gas industry – oil and gas production efficiency and maximization. For him it was outright fallacy any oil and gas production and sustainability theories that fall short of being translated or converted as working tools that produce visible results toward growth and continuity of the global oil and gas industry.
And speaking at the 35th Annual Conference of the Nigerian Association of Petroleum Explorationists, NAPE that took place in Lagos in November 2017 with the theme, “A Roadmap for Nigeria’s Oil and Gas Industry in a Diversifying Economy”, Chevron’s helmsman in Nigeria Jeffrey Ewing said there was still a lot of oil and gas to explore in Nigeria. He stressed that the country must not only think outside the box but also ensure the best technological applications were employed in the industry without any hindrance. Enjoining the leadership of the country as well as other stakeholders of the sector to put all hands on deck to improve efficiency and eliminate waste looking at what he referred to as “significant opportunities” for new oil in the country.
Thus, the institution of the Nigeria International Petroleum Summit, NIPS, Nigeria’s international oil and gas feast, now in its third edition with the forthcoming 2020 event which takes place at the international conference center Abuja from 9th to 12th of February is apparently coming at an auspicious time. Designed to host active industry players, the event also attempts to create and showcase opportunities as well as providing platforms for hybrid networking among stakeholders. A delegate during the 2019 summit aptly described it as a gathering of industry eggheads who determine policies and sharpen ideas, but much more as an exhibition ground for all kinds of technologies, oil and gas tools and infacr, every other key component that makes operation in the oil and gas industry a lot easier …“there was indeed all that active oil and gas industry requires to continue its growth”, he said.
Synonymous with this epoch event is also the culture of parading great speakers with the knowledge and the power to simplify all E&P methodologies. Others include key industry players, government agencies, policy makers, banking institutions and a whole lot of independent producers – all are usually in one and the same roof to deliberate on developing E&P cases and challenges with a view to finding lasting solution. And a little more clarification perhaps would be given to allay fears if any, that the ongoing deliberation and likely passage of a piece of legislation at the country’s national assembly for increased royalty payment to be made by oil majors was not intended to witchhaunt operators.
Ejekwu, Energy Window International