Nigeria’s petroleum minister leads discussions at ESQ Oil & Gas Summit 2012

LAGOS-The Honourable Minister for Petroleum Resources, Dr. Mrs. Diezani Alison Madueke will lead a panel of energy, finance and legal experts in examining regulatory and business issues in Oil & Gas in Nigeria at the ESQ Oil and Gas Summit 2012. The Summit theme is “Positioning for Change.”

Speaking to journalists on the event, Mr. Lere Fashola, CEO, Legal Blitz, publishers of ESQ Legal Practice Magazine and organisers of the Summit, said the one-day conference presents a dynamic forum to promote strategies for open business model, business mentorship, collaborations, ideas and knowledge sharing among industry players and networking among companies.

According to him, “By bringing together some of Nigeria’s leading Oil & Gas lawyers with seasoned experts in Oil & Gas, finance, insurance and other related services with a high level representation of government officials, decision makers and industry top players, this summit will deal with the perennial issues affecting the Oil & Gas industry in Nigeria and is a must attend for anyone doing or willing to do business in that sector.”

The Summit has become necessary in the light of the recent wave of reforms in the Oil & Gas industry in Nigeria, which experts have predicted, may lead to a major revolution in the sector. It will also discuss the Petroleum Industry Bill (PIB), proposed as a transformative piece of legislation that seeks to consolidate sixteen different Nigerian Petroleum Laws into a single document establishing a new legal and regulatory framework as well as new institutions and regulatory authorities.

The PIB is expected to re-define the country’s relationship with international oil companies and investors, particularly in the areas of taxes and royalties. However, it remains to be seen whether the bill sufficiently addresses the key issues of funding, corruption and security, which are essential to boosting an underperforming industry.

The Summit will consist of well researched paper presentations and case studies by leading experts in Oil & Gas, Finance, Insurance and the legal profession, with participation drawn from several countries including Nigeria, the United Kingdom and South Africa.

Speakers include Mr. Odein Ajumogobia SAN, former Minister of Petroleum & Natural Resources; Engr. Ernest Nwapa, Executive Secretary, Nigerian Content Development and Monitoring Board; Dr. David Ige, Group Executive Director, Gas & Power, NNPC; Jason Kerr, Partner, White & Case, UK; Dr. Ibe Kachikwu, Executive Director, Exxon Mobil.

Others are: Mr. Ike Oguine, General Counsel, Chevron Nigeria; Mr. Soji Awogbade, Managing Partner, Aelex; Mr. Oghogho Akpata, Managing Partner, Templars; Mr. Oladele Kuti, Head, Investment Banking Coverage, Oil & Gas Renewables, StanbicIBTC, Mrs. Stella-Marie Omogbai, Group Head, Energy, Keystone Bank; Mr. Sola Ladipo-Ajayi, Chairman, Nigeria Insurers Association.

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