The 40th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists(NAPE) will examine, as its theme, ‘Global Energy Transition & the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts & Opportunities.’
The conference, which is perhaps the largest gathering of earth scientists and other stakeholders in the oil and gas space in Sub Saharan Africa is set to take place in Lagos from 13-17 November, 2022.
This year’s conference, according to statement jointly signed by Dr. James Edet, Elliot Ibie, Tunbosun Afolayan, president, president – elect and publicity secretary respectively, will host speakers who are high level industry practitioners, key personnel in government and the academia, delivering technical papers on seven sub-themes topics.
The rising need for transition towards more sustainable energy sources, energy poverty and global geopolitics require strategic reappraisal of the energy industry in Nigeria.
Experts, at the conference, would have robust discussion on the nation’s Energy transition plan which aims to achieve net zero greenhouse gas emission by 2060.
Edet, while briefing the media on the upcoming event in Lagos, yesterday said, there are many factors that need to be considered and appropriately addressed in the nation’s shift to its sustainable energy future.
The reality of the climate change is facing Nigeria with desertification in the north and flooding in the south and some parts of the north.
This change, he said, calls for a crucial need to significantly reduce carbon emissions while ensuring available and affordable electricity.
He added that, with the Petroleum Industry Act (PIA) now in place and the Climate Change Act signed into law, the oil and gas industry has a role to play towards the successful implementation of these regulations and ambitious plans.
Globally, he said, significant consumers of the hydrocarbon industry are undergoing a massive technological shift towards low or zero carbon energy usage like electric vehicles.
He observed that the ongoing war, global politics, in-country insecurity challenges and asset divestment have exacerbated the impact of energy supply shortage and altered the energy landscape.
“Furthermore, there are other contenting and increasingly relevant issues such as: energy security; the dynamics of gas development, commercialisation and monetisation; development of Nigeria’s under explored gas rich cretaceous basins; and how Nigeria will adapt her policies and diversify her energy portfolio in the energy transition era so as to achieve sustainable growth for her economy,” he noted.
It is against the backdrop of the foregoing that the NAPE will, at its 40th Annual International Conference & Exhibition be deliberating on the petroleum business and the regulatory environment with a view to addressing challenges of the global energy transition, evolving regulations, and geo- environmental strategies in the energy transition era.
