Int'l - Conferences

Int'l - Conferences (31)

Catch up with all news related to NAPE International Conferences here

The Pre-Conference Workshop kick started the 35th edition of NAPE’s flagship Annual International Conference and Exhibition on Thursday 9th November, 2017. Venue was the Eko Hotel and Suites.

PreConference 2017L-R: Mr. George Osahon FNAPE, Mr. Nicholaz Terraz, Dr. Mason Oghenejobor, Mr. Andrew Ejayeriese FNAPE, Dr. Emmanuel Egbogah, Mr. Abiodun Adesanya FNAPE, Mr. Toyin Olagunju.

The NAPE President’s Opening remarks were brief. He told the distinguished gathering that this year’s conference was a continuation of the conversation which started at last year’s conference when the nation ex-rayed the oil and gas industry and attempted to proffer solutions to tackling the realities then.
The keynote paper was delivered by Dr Emmanuel Egbogah , OON on the theme: Transforming Nigeria’s Oil and Gas Industry to Meet Global Demand-Supply Realities. In his Presentation, Dr. Egbogah surmised that by 2020 the industry will remain the highest source of revenue to the Nigerian government and that government should do more to improve the sector and create more opportunities. Dr Egbogah added that: what is more important is for the government not to see the oil and gas industry as a source of income to just fund her budget, rather they should see it as a value creation opportunity to improve the economy.
Other Speakers at the event included: Mr Toyin Olagunju, General Manager Corporate Services, SPDC, who stood in for Mr. Osagie Okunbor, Managing Director, SPDC and Chairman, Shell companies in Nigeria; Mr. Nicholas Terraz, Managing Director/ Chief Executive, Total E & P Nigeria; Dr. Mason Oghenejobor who represented Mr. Austin Avuru, FNAPE, Chief Executive Officer at Seplat Petroleum Development Company Plc.

For the Pre-Conference Workshop pictures, Click Here.

How Nigeria Can Deepen Oil Exploration – Chevron Boss
Jeff. Ewing, Chairman/Managing Director Chevron Nigeria/Mid-Africa Strategic Business Unit, has said that Nigeria still has significant opportunities to find new oil and gas resources. He disclosed this in his opening remarks during the Opening Ceremony of the Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference on Tuesday 21st November 2017 at the Eko Hotels & Suites, Victpria Island, Lagos.
He also said the nation’s oil industry has an opportunity in rejuvenating old frontier basin exploration, to discover impact resource additions for strategic reserves replacement and growth.
He noted that the requisite growth of oil and gas resources in the country could be achieved through Regional Geological Assessment of the Niger Delta basin; new thinking and technology in seismic acquisition and seismic processing; deep drilling and prospecting, as well as cost-efficient future developments.
‘’It is evident that there is significant unpenetrated and undiscovered hydrocarbon resource and reserves just below existing infrastructure. Average drill depth below mudline in the Niger Delta is approximately 10,000 to 12,000 feet’’, he added.
He also emphasised the need to build a robust inventory of drill ready prospect portfolio in readiness for more favorable oil price and globally competitive fiscal policy.
He also spoke on NAPE’s role in achieving oil and gas industry objectives, saying the group is well-positioned to encourage industry-academia collaboration for local research and development and provide a platform for the articulation of ideas that will help advance the oil and gas industry and the nation’s economy.
According to Ewing, Chevron Nigeria has continued to sustain efforts towards delivering exploration and production projects and activities as well as making significant investments in gas projects in the country.

Culled from Independent Newspapers Limited: www.independent.ng

NNPC secures $3.7b alternative financing, targets $38b in revenue, 190,000bopd increased production

The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years, Group Managing Director of the Corporation, Dr. Maikanti Baru has said.

NAPE20171

The NAPE President (now the Immediate Past President IPP), Mr. Abiodun Adesanya FNAPE welcoming Dr.Maikaiti Baru, the GMD, NIgerian National Petroleum Corporation


Dr. Baru, who made this known while speaking at the 35th Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Wednesday, said securing external funding arrangement was crucial to sustaining oil and gas production in Nigeria and ensuring the survival of Nigeria’s energy future.
 “Within the last three (3) years, we have embarked on several successful Alternative Funding Programmes to sustain and increase the national daily production and producibility,” Dr. Baru told delegates at the annual conference.
According to the GMD, the $3.7bn financing package included the $1.2Billion multi-year drilling financing package for 23 onshore and 13 offshore wells under NNPC/Chevron Nigeria Limited Joint Venture termed Project Cheetah and the $2.5Billion alternative funding arrangements for NNPC/SPDC JV ($1Billion) termed Project Santolina; NNPC/CNL JV ($780Million) termed Project Falcon as well as the NNPC/First E&P JV and Schlumberger Agreement ($700Million).
Project Cheetah is expected to increase crude oil production by 41,000bopd and 127Mmscfd with a Government-take of $6Billion over the life of the Project.
In the same vein, Projects Santolina, Falcon and the NNPC/First E&P JV and Schlumberger Funding Arrangement are expected to increase combined production of crude oil and condensate by 150,000bopd and 618MMscfd of gas with a combined Government-take of about $32Billion over the life of the Projects, Dr. Baru added.
He observed that evolving a new funding mechanism for the JV operations was a critical part of President Muhammadu Buhari’s far-reaching reforms aimed at eliminating cash call regime, enhancing efficiency and guaranteeing growth in the nation’s oil and gas industry.
Explaining further, Dr. Baru noted that as a result of the cash call underfunding challenge which rose to about $1.2bn in 2016 alone, NNPC and its JV partners began exploring alternative funding mechanisms that would allow the JV business finance itself in order to sustain and grow the business.
He added that with average JV cash call requirement of about $600 million a month, coupled with flat low budget levels over the past years, the budgeted volumes were hardly delivered.
 “The truth is that it is difficult to deliver the volumes without adequate funding. The low volumes and by extension low revenues had resulted in the underfunding of the Industry by Government, which has stymied production growth,” he observed.
Today, with the new Alternative Funding Arrangement in place, JVs will now relieve Government of the cash call burden by sourcing for funds for their operations (estimated at $7-$9 billion annually).
Dr. Baru, who spoke on the theme: “Review of the Current State of Funding for the Upstream Sector and the need for a New Policy Initiative”, commended NAPE for its contributions towards shaping the Oil and Gas landscape in Nigeria, said it was incumbent on NNPC to associate with such a professional body for the benefit of the nation.
 “It is on record that key pieces of legislation such as the Marginal Fields Act and the Deepwater Fiscal Policies, the Nigerian Content Act, as well as the Unitization Policy were all based on templates that came out of previous NAPE Conferences,” he said.
Corroborating Dr. Baru’s case for Alternative Funding, former GMD of NNPC, Engr. Funsho Kupolokun, called for fresh approaches such as the involvement of more indigenous participation to address the challenges of funding upstream operations in the country.
Earlier in his speech, President of NAPE, Mr. Abiodun Adesanya, described the challenge of cash call as very critical because it affects all the objectives and targets of growing the reserves and increasing crude oil production in the country.
This year’s NAPE Conference has as its theme: “Beyond Cash Call: A ROADMAP FOR NIGERIA'S OIL AND GAS INDUSTRY IN A DIVERSIFYING ECONOMY.

Culled from www.worldstagegroup.com

35th Annual International Conference and Exhibitions 2017

Theme: A ROADMAP FOR NIGERIA'S OIL AND GAS INDUSTRY IN A DIVERSIFYING ECONOMY

Venue: Eko Hotel and Suites, Victoria Island, Lagos.

Date: 19 - 23 November, 2017

ABSTRACT SUBMISSION GUIDELINES
1. Only ONLINE submissions is allowed for the NAPE 2017 International Conference and Exhibitions
Abstract Submission Deadline -July 7, 2017.
2. We strongly recommend that all abstracts be submitted as MS word document

3. All authors are also requested to send an email to the underlisted for confirmation of abstract submission
i. This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.  
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For complete Abstract submission guidelines and summary of sub-themes

2017 CONFERENCE REGISTRATION INFORMATION
Online registration from now until August 18, 2017: N45,000

Registration (Online, Cash, Cheques) from August 19 to September 30, 2017:
NAPE members (Financially up-to-date registered member): N55, 000
Non-members: N65,000
Research Institutions: N30,000
Students (Financially up-to-date registered member): N15,000
 
Registration after September 30th, 2017 and at the Conference Venue:
NAPE members (Financially up-to-date registered member): N 60,000
Non-members: N 70,000
Research Institutions: N 35, 000
Students (Financially up-to-date registered member): N20,000

PAYMENT INFORMATION
Online Registration: Registration fees are payable online with the link: http://payments.nape.org.ng/confpayments.php

For payments, the NAPE bank account details are:
Account Name: Nigerian Association of Petroleum Explorationists
Account Number: 0009381477
Sort/Swift Code: 058152162
Bank Name: Guaranty Trust Bank Plc. (GTB) 49A, Marina Branch, Lagos.

For bulk and individual registration, kindly send the list of all the participants, payment confirmation with the following details; Full Names, Gender, Email contact, Phone Number, Company or Institution, NAPE Membership ID (Compulsory for all registered NAPE Members) to Michael Ogboalo (email: This email address is being protected from spambots. You need JavaScript enabled to view it.) and copy Mrs. Esther Adeniyi (email: This email address is being protected from spambots. You need JavaScript enabled to view it.)

For enquiries, please contact the Executive Director, Mrs. Esther Adeniyi, NAPE Secretariat, 47A Femi Okunnu Housing estate, Lekki Peninsula, Lagos.
Emails: This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 09092143198, 01-3429082

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Contacts

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Housing Estate, Lekki

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