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Sunday, February 12, 2017
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Transformational Adjustments required for the New Petroleum Era – Dr Babatunde Victor Adeniran, COO, NNPC speaks in Houston conference
As the global price of oil is recovering and the market adjusting, national oil companies, governments, international oil companies, local operators and investors are becoming more optimistic in their risk management methodologies to avert future mishaps and stabilize the market.
While the latest recovery is taking place, some adjustments need to be done through policy, joint ventures, taxation, economics, technology, CAPEX, OPEX and human capital, etc, in order to provide cushioning effect and growth in the industry. This will be the focus of the keynote presentation of Dr. Babatunde Victor Adeniran, Chief Operating Officer, Ventures of Nigerian National Petroleum Corporation, captioned “Transformational Adjustments required for the New Petroleum Era” at the 10th Annual Sub-Saharan Africa Oil & Gas Conference scheduled for April 27 – 28, 2017 at Royal Sonesta Houston.
To promote investment opportunities in the region as the global oil market rebound; and elucidating updates on the future of upstream, midstream and downstream in the regional oil and gas value chain will be the core areas of focus in this year’s conference said, Sunny Oputa, chief executive officer of Energy & Corporate Africa, the organizers of the conference.
In a conference enriched with much industry heavy weights, investors, senior government representatives and bank executives as speakers will also go a long way to showcase Sub-Saharan Africa’s government expectations for commercial gas exploration, gas in oil utilization, flaring and new interest in gas as a domestic and international commodity.
Pat Maseli, the Deputy Director, Gas of Department of Petroleum Resources, Nigeria will be delivering a key paper on “Overview of Domestic Gas Utilization, Obligations and Achievements”. The paper will elucidate Africa’s number one producer’s intent on gas, how it would want to relate with operators in maximizing infrastructures, immense investment opportunities in that sector and how to encourage domestic utilization of the commodity to enhance economic development.
In the same vein, bridging gaps between governments and companies in joint venture deals and promoting massive investment through partnerships will take front role on the panel session of this conference which features talented keynote speakers such as:
Oputa, went further to say that the conference will continue in its unique way of bring NOCS , international, domestic company, and investors together to share knowledge, exchange ideas, make deal under one roof and network for business optimization.
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