The 2nd annual West Africa Energy Assembly, organized by the Oil and Gas Council, the World’s largest business network of oil and gas executives’, attracted key players in West Africa’s oil industry, as well as from other countries across Africa.
The oil, gas and energy industry in the past years have witnessed a downturn , and over the course of the assembly, leading industry speakers and oil/gas executives’ shared strategies to lead an upward trajectory.
The entire assembly was segmented into 6 sessions that covered the entire energy spectrum from upstream oil and gas, to alternative energy.
The first session, How to come out on top in a low oil price environment; had speakers, Chiagozie Nwokonko – Partner, Streamsowers & Kohn, Jeff Corey – COO, Seven Energy, Abiodun Afolabi,Executive Director Corporate Affairs,Total E&P Nigeria limited amongst others.
Speaking on Finance and Investment – Long term local investment for infrastructure; News Caster, Wofai Samuel who previously anchored the Interview session for the Africa Oil and Gas council Forum/Dinner 2015, posed a question to the panel comprising senior oil and gas stakeholders’ about Nigeria, building stronger institutions’ rather than personalities to sustain the oil and gas framework within the current administration.
She suggested that, the Government choses more progressive and less regressive terms to attract capital, and increase the ease of doing business.
The Speakers for the session, were; Nyonga Fofang – Managing Director, Bambili Group. Ato Gyasi- Head of Investment, African Finance Corporation, Amaechi Nsofor-Partner Grant Thornton. Georges Racine – Partner, Hillman Fenwick Willan. Eme Essien Lore- Country Manager, IFC Nigeria and Olugbenga Adetoro- Vice President , Africa Capital Alliance.
Nyonga Fofang, Managing Director, Bambili Group; highlighted fiscal incentives’ that could facilitate exploration in frontier territories, adding that it’s time Nigeria get’s back to the basics in oil and gas. Amaechi Nsofor highlighted the role of regulators in creating an enabling environment for foreign investment into west Africa.
Making the case for nearfield exploration: Re-imagining exploration strategies, overcoming investor uncertainty was another segment for discussion and the speakers were ; Olajumoke Ajayi, CEO Upstream&Exploration, Sahara Energy Group. Domenico Di ‘Giambattista – Regional General manager, GE Oil and Gas. Ahmet Dik, CEO Victoria Oil and Gas. Ahmet pointed that, there is need to explore more collaborative ways of working together talking about the government , private sectors and the oil and gas sector even in a dysfunctional system.
Wofai Samuel again, asked if it was in Nigeria’s best interest to set out for exploration, using the lake Chad basin as a case study, at a time when oil sales is in it’s lowest, and the country in recession.
Overcoming the 3 Main challenges of Gas to Power market today, John Young- CEO Twister Supersonic Gas Solutions. Frank Edozie- senior power advisor, Nigerian infrastructure advisory facility. Roseann casey- Director , office of Economic Growth and Environment, USAID Nigeria. Ezekiel Adesina- Senior Business analyst NLNG limited. Franklin Umole, Executive Director , Corporate Development Oando.
The final session was about how oil and gas can work with alternative energies to stabilize and secure the future of both industries.
Speakers were; Charlotte Aubin Kalaidijan, Ceo green wish partners SAS. ED Heartney, Deputy Director for Africa, Europe and western hemisphere, bureau of energy resources, US department of State.
Guests’ included; Richard Turner, Group CFO Jagal, Seye Fadahunsi- ED, Pillar Oil, Ajisafe Paul- CEO Padua Petroleum, Jim Ahmad- Delonex Energy, Martin Trachsel- CEO Petro Afrique Oil and gas, Dada Thomas – M.D Frontier Oil limited, Konyebagu Opute – CEO Platform petroleum, David Tudor – Managing Director Nexen. to name a few.
- Original article can be found here.