Nigeria losing 2,000 oil trucks daily –SPE boss

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Chairman, Society of Petroleum Engineers, Nigeria Council, Olalekan Olafuyi, who is also a professor of Petroleum Engineering at the University of Benin, discusses energy transition, the current state of Nigeria’s crude oil production, and other issues with OPEOLUWANI AKINTAYO

When Nigeria was in recession, it wasn’t oil and gas that actually brought the country out of recession. It was other sectors like agriculture, telecoms, and others. Oil and gas is dominating the forex that comes in. But because there is pipeline vandalism, we don’t get enough production to export and we have dollar scarcity. We are playing our role properly but other sectors are coming up as well. Telecoms is doing well as well.

With the gale of divestment by the international oil companies, what will the exploration landscape look like in Nigeria? The landscape could simply be said to be promising because indigenous players, who already have developed capacity, will be taking over assets from multinational operators. I expect to see more job openings across the different levels of professions needed in the oil and gas industry. There would also be continued reskilling and upskilling of industry professionals to match the evolving exploration landscape.

How do you see the role of independent petroleum producers developing in this rapidly changing energy landscape? Like I said, most of the IPPs have developed capacities and I can make bold to say that many of the heads of the IPPs are either SPE members or have benefited in one way or the other from SPE human capacity development, and so, they would fill in the technical and leadership gaps created. Also, much will be expected from the IPPs to keep the industry thriving as they are taking over from IOCs in the near future.

 

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You dey tell us make we do wetin? No be person dey incharge?

Only God can help us

What's this ooo Full expose needed

I don’t understand

loosing to who? Loosing to thives among you. there's no way a full loaded truck will vanish into thin air. Ghosts doesn't have trucks.

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