Petroleum Africa
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Sunday, May 7, 2017
Over the years the Offshore Technology Conference (OTC) that takes place in Houston every year has seen attendees and delegations from Africa grow, with contingents from Angola, Egypt, and Ghana, as well as other African nations seeing a growing presence year-on-year; however, no African country has a larger presence at OTC than Nigeria.
The annual event sees scores of Nigerian companies exhibiting and hundreds of delegates attending the event. There are Nigeria-focused sessions both onsite and offsite during OTC that draw packed venues from interested parties as well as other Nigerians. Unfortunately, delegates will have to foot their own bill if they plan to attend in 2018. The government began weaning delegates off sponsorship this year with only 50 delegates attending on the state wallet, compared to 250 in 2016.
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, stated at one of the Nigeria events alongside this year’s OTC that the government would no longer be sponsoring delegates starting from 2018. State-sponsorship from the government from now on will be strictly for technical experts within the government agencies in the oil sector.
He also revealed that Nigeria would be hosting an OTC-like event of its own. “We will however work to build an OTC that the world would buoyantly come to the same way we buoyantly come to yours,” Kachikwu told the audience at the meeting. According to Kachikwu, the idea has already garnered the backing of some African oil ministers.
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