In his welcome address, mr Olatunde Dodondawa, the Chairman, Association of Energy Correspondents of Nigeria (NAEC), said I’m confident that the cream of experts at this event will identify the issues hindering optimal exploitation and utilization of our oil and gas resources and proffer solutions to them which certainly help the government to address the nation’s huge infrastructure deficit, poor investment inflow an boost operators’ commitment.
The Annual, National Association of Energy Correspondents (NAEC) Conference held on August 23, 2019 at Eko Hotel, Lagos which brought together operators of the oil and gas and power sector to brainstorms about how to harness oil and gas potential for national development for the country.
Mr Dodondawa noted that these in turn will help government achieve its aspirations to attaining 3 million barrels per day oil production, 40 billion barrels oil reserves, optimum value extraction from natural gas, resolving electricity supply problems and most of all attracting the expected investment from foreign and indigenous investors across the energy sector value chain.
Mele Kolo Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC GMD) in his keynote address said without doubt, the choice of this theme of “Harnessing Oil and Gas Potentials for National Development” is opt considering the urgent need to fully harness and utilize Nigeria’s hydrocarbon resources for the benefit of the citizenry.
The NNPC GMD who was represented at the event by Mr. Umar Ajiya said that GMD call on all industry stakeholders to collaborate more towards the common goal.
“I view NAEC as a worthy group of specialized journalists who are adding value to the Nigerian Oil and Gas Industry providing information, enlightenment and setting agenda for the sector.”
Kyari pointed out that “the position of the oil and gas industry in Nigeria’s economic realm is an enviable one. Therefore, let us all see ourselves as partners in progress. Let us continue to work together to take the best decisions that will truly catapult our nation’s to march towards growth, prosperity and national development. The teeming Nigerian youth have high hopes in us.”
Out of the rich mix, a regulator and a member of the panelists, Mr. Joseph Tolorunse, Assistant Director and Head, Legal (DPR) on the topic “Effects of Sanctity of Contracts in Commercial Operations” said DPR has the statutory responsibility of ensuring compliance to petroleum laws, regulations and guidelines in the Oil and Gas Industry to bring effects of Sanctity of Contracts in Commercial Operations for the good of the country.
Tolorunse who represented Acting Director, Department of Petroleum Resources (DPR), Ahmad Rufai Shakur at the event said the discharge of these responsibilities as to bring sanctity of contracts in commercial operations involves monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, refineries, storage depots, pump stations, retail outlets, any other locations where petroleum is either stored or sold, and all pipelines carrying crude oil, natural gas and petroleum products is paramount for purposes of transparency.
Others are to maintaining records on petroleum industry operations, particularly on matters relating to petroleum reserves, production/exports, licences and leases, advising Government and relevant Government agencies on technical matters and public policies that may have impact on the administration and petroleum activities, Processing industry applications for leases, licences and permits, maintain and administer the National Data Repository (NDR) and also sometime perform settle some disputes resolution among the stakeholders to enable operations runs as it should be for the good of the country.
DPR Boss reiterated that the effects of Sanctity of Contracts in Commercial Operations is the bedrock of the sector as businesses involves long terms contracts and as sector regulator, we demand total sanctity of contracts in commercial operations always.
Mr Victor Anyaegbudike , the acting Head, External Communication of Chevron, in his own goodwill message said Chevron is one of the largest oil producers in Nigeria and one of its largest investors is in line with the theme of this year NAEC Conference “Harnessing Oil and Gas Potential for National Development” adding that the company operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region welcome total sanctity of contracts in commercial operations.
“As major player in the sector, Chevron has supplied over 413bllion metric cubic of gas to domestic market.”
Anyaegbudike pointed out that CNL adopted the Global Memorandum of Understanding in 2005 as a new approach to community engagement in the Niger Delta, giving communities a greater role in managing their development through Regional Development Committees. Since then, the NNPC/Chevron joint venture has spent more than $118 million on roughly 600 programs that have provided scholarships; built new schools, medical facilities and housing; and supported agriculture development and infrastructure improvements.
“Chevron is committed to the Nigerian government’s policy on local content development. CNL fosters strong business partnerships with local service providers and product suppliers and works to increase their professional capabilities. CNL’s Local Community Content Development team promotes commerce with local businesses.
The Company’s role as a corporate citizen in Nigeria is active in many projects that promote health, economic development and education at all levels. According to him, CNL has been supporting Journalists over the years in the area of capacity building with over 1000 trained through Pan Africa University for effective reportage of the sector.
Mr Paul McGrath, Chairman OPTS and Chairman/Managing Director, ExxonMobil Affiliate Companies in Nigeria said our member-companies appreciate this opportunity to strengthen collaboration with the media community, which constitutes an integral block in the oil and gas industry stakeholders’ structure in Nigeria.
McGrath also commends the vital role of provide a valuable platform for healthy discourse and influence of NAEC on industry policy discussions as it helping industry stakeholders especially operators, communities and government, meet our collective objectives.