By Obineme Ndubuisi Micheal
The Federal Government of Nigeria is proud to announce its first official oil and gas event, Nigeria International Petroleum Summit,(NIPS) 2018 which is scheduled to take place from 19th – 23rd February, 2018.
The summit was launched by the Vice President of Nigeria, Professor Yemi Osinbajo earlier this year, in the presence of 19 African Ministers of Petroleum and delegates who attended the African Petroleum Producers Organization (APPO) meeting in Abuja, Nigeria.
As Nigeria’s premier oil and gas industry event, NIPS will attract top-level industry players, senior stakeholders from the global energy industry for five days of content, thought leadership, networking and deal making.
This high-level participation is due, in particular, to the superlative quality of speakers, sponsors and partners, all of whom are interested to explore Nigeria’s oil and gas industry.
Now in its 1st year, NIPS features speakers from the government, corporate and private sphere to share winning strategies and solutions being deployed to face the future of the energy industry with confidence.
They will shed more light on new opportunities as frontier and emerging markets, elaborate on the increased attractiveness achieved and investment opportunities in the Nigerian energy industry and the African continent.
Nigeria’s Simbi Wabote will clarify his organisation’s capacity-building objectives and how IOCs can leverage the Nigerian Content experiences of others when planning projects.
Each speakers brings his or her expertise and perspective to the subjects of frontier exploration; challenges, opportunities and risks; deepwater exploration; the future of upstream; E&P trends; gas resources and gas-to-power development; and technology in the industry, amongst many more. NIPS provides a forum for exploring them all.
Numerous opportunities and packages exist for partnering with NIPS as a sponsor, exhibitor.
Nigeria’s petroleum industry is the largest in Africa with proven Oil and Gas reserves of 37 billion barrels (bbl) and 192 trillion cubic feet respectively. The sector contributes about 10 per cent to the country’s Gross Domestic Product and accounts for 95 per cent of all exports.
According to report, Côte d’Ivoire plans to double its oil and gas output by 2020 and is seeking to develop offshore reserves in the oil-rich Gulf of Guinea, while the Republic of Congo aims to increase daily production to 300,000 barrels from the current 250,000 barrels over the next two years.
This will put it close on the heels of Equatorial Guinea, the third-largest oil producer in sub-Saharan Africa with oil reserves estimated at more than 1.1 billion barrels of crude.
The Gambia , whose eight blocks, six offshore and two onshore, of which most are unallocated, have generated a lot of interest.
The summit is organized by Messrs Brevity Anderson Consortium. The event organizer has invited private sector players to attend and make the most of the opportunity to access and do business with the key industry stakeholders in Nigeria and the African region.