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Offshore West Africa: A major instrument of growth

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Joseph BAMIDELE
LAGOS-THE Offshore West Africa Conference & Exhibition, owned and produced by the PennWell Corporation, is delighted to introduce delegates, exhibitors and visitors to the upcoming 20th anniversary edition in Nigeria.
The first of its kind in West Africa, the event premiered in 1996 in Nigeria to an international audience of delegates, exhibitors and partners. Borne out of a need to provide a networking and technical knowledge sharing platform in the West African Oil & Gas sector, this annual event has grown from humble beginnings into the Oil & Gas phenomenal event it is today.

Oil Rig

Oil Rig

The Offshore West Africa Conference has over its rich 20-year history been instrumental to the growth of the Oil & Gas Sector globally by delivering a first class networking platform in West Africa and continues to do so. To mention a few, The paradigm shift in the Nigerian Oil & Gas Sector from land and swamp operations to Offshore Oil & Gas Exploration and Production, with the major International Oil and Gas companies delving into the use of FPSOs (Floating Production, Storage and Offloading Vessels) as the ‘new way’ in offshore E&P (Exploration & Production) operations in the last 15 years.

The Offshore West Africa forum has also played a significant role in showcasing new and relevant technologies that have been instrumental to the discovery and development of new and major offshore Oil & Gas Fields in West Africa as was the case with the Ghanaian Oil & Gas industry when hydrocarbon deposits were discovered in commercial quantities in the last 10 years.

“This in turn has attracted more international Oil & Gas companies to the West African Offshore E&P market as well as generate new frontiers in far off Asia for the manufacture of FPSOs, allied technology, products as well as requisite global training of manpower to operate new systems and operate in fresh markets.

Indeed, the Offshore West Africa Conference is truly indigenous to the countries where the forum has held over the years – as our continuous partnership with the Nigerian Content Development and Monitoring Board (NCDMB) and various similar institutions in the West African Oil and gas sector has proven.

International Trade Missions with global reaches such as the United Kingdom Trade & Investment Council (UKTI), the Scottish Development International (SDI) and the International Trade Council (ITC) as well as Regional Industry government heavyweights such as the Nigerian National Petroleum Corporation (NNPC), the Department of Petroleum Resources (DPR), the Ghana National Petroleum Corporation (GNPC), International Oil Companies – IOCs (such as Royal Dutch Shell, Total, Addax, Nigerian Agip Oil Company and Saipem), EPIC companies, major financial institutions operating in West Africa have also continuously partnered with the Offshore West Africa Conference over the years. This list is still growing.”

The report reads further that Foremost Institutions such as the African Energy Association, the Energy Institute Nigeria and Lonadek have also continued to partner with the Offshore West Africa Conference as Strategic Partners for the 20th annual Offshore West Africa in 2016. As featured during the Offshore West Africa 2015 conference, the Year 2016 conference will also feature a Continuous Development Programme for fresh engineers and a Youth Empowerment Programme for a stipulated number of university students from Ghana and Nigeria.

“These programmes will be run in conjunction with Lonadek and the Energy Institute’s Young Professionals Network and they form a part of PennWell’s overall corporate social responsibility initiatives. The programmes involve Career Counselling, Industry Related Awareness and an Empowerment Workshop.
As plans are being finalised towards the 20th anniversary edition of the Offshore West Africa Conference, the event promises to be better than ever.

Taking place on 26-28 January 2016 at the Eko Hotel & Suites, Lagos, Nigeria, Offshore West Africa will build on the success of the 2015 event, which also took place in Lagos and attracted a record breaking international audience of almost 2,400 leading oil and gas industry professionals from more than 30 countries worldwide.

The event will continue to feature a technical and strategic conference program developed by an Advisory Board comprised of leading industry experts, as well as an exhibition showcasing products, technologies and services from global and regional oil & gas companies, held concurrently, bringing together exhibitors and attendees from around the world for three days of education, networking and new business development.

Offshore West Africa is a truly West African event and addresses key technology and development issues for the West African offshore Oil and Gas market, through a comprehensive educational program and three-day exhibition and conference, with the 2016 event focusing on Positioning for a Sustainable Future as the core theme.
Offshore West Africa welcomes you to join in the celebrations as the event hosts its 20th anniversary celebrations, and will provide further news shortly on the announcement of new strategic partners, supporters, sponsors, exhibitors and speakers. “the report reads in part.

Energy

Dangote Partnership: MRS Urges Nigerians To Insist On N935/Litre Petrol Price Nationwide

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MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide.

The company has also called on Nigerians to monitor and report any outlets that fail to adhere to the new price structure.

Biztellers reports that this is consequent upon an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, following a reduction in the ex-depot price from N970 to N899.50 per litre.

ALSO READ: Dangote Slashes PMS Price To N899.50k

It was gathered that MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance.

In a statement on Monday night, the company declared, “Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM

Emphasising the eco-friendly nature of its products, MRS Oil added, “We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”

In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol, with many expressing their gratitude to the Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.

A commuter at the MRS station at Alapere on the Lagos Ibadan Express way, Ibukun Phillips, could not hide her joy as her husband filled up their car.

“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”

A commercial bus driver, Adio Ajibade described the price reduction as a great relief, especially during the festive season.

“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.

A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.

According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”

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Energy

FDI: Shell To Invest Billions Of Dollars On Nigeria’s Bonga North Oil Field

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As a direct implication of the Federal Government’s Foreign Direct Investment drive, the Royal Dutch Shell has completed the final investment decision on the deep offshore Bonga North project in Nigeria.

Biztellers reports that the Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.

Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich, said, “This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio”.

ALSO READ: OGUNCCIMA Commends Dangote Refinery’s Impact

It was gathered that the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.

The company is optimistic that the project will sustain oil and gas production at the Bonga facility.

The Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.

In addition, the Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.

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Energy

Chevron Nigeria Bags ‘Energy Company Of The Year For Environmental Sustainability And CSR

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Chevron Nigeria Limited (CNL), has received an award as “Energy company of the year (2024)” for its Environmental Sustainability and Corporate Responsibility accomplishments.

The award presented by the Nigerian News Direct newspaper, on Friday December 6, 2024, and was received by Manager Communications, Chevron Nigeria and Mid-Africa Business Unit, Victor Anyaegbudike, at a colourful event at the Grand Ballroom of the Oriental Hotel, Lagos.

ALSO READ: Stakeholders Hail NCDMB As Local Content Level Hits 56%

The organizers of the award noted that Chevron has implemented the “Protecting People and the Environment” policy, which aims at preventing injuries, illnesses, and environmental incidents. They also referenced that the company has achieved 97% gas flaring reduction in its operations in Nigeria, while implementing waste management and environmental conservation programs.

According to the media organization, Chevron Nigeria has also invested millions of dollars in community development programs, supporting education, health and economic development initiatives that have benefited thousands of people, while ensuring diversity, inclusion, and employee engagement in its business operations.

Receiving the award from the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, Anyaegbudike thanked the organizers for the honour, and reiterated Chevron’s commitment to continue to develop, affordable, reliable and ever-cleaner energy that enables human progress around the world.

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