have you heard about the low oil production issue in Nigeria? It looks like it’s causing some trouble for the local refineries. The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Kesiye Wabote, is really concerned about this. He’s saying that if things don’t change, Nigeria might have to start importing crude oil for its refineries. That’s not good news at all!
Wabote gave this warning at the 41st Annual Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos. He’s calling on everyone in the industry to do something about the low production numbers. Nigeria has a lot of oil reserves, but the production is not keeping up. Wabote thinks it’s time for a change.
He also talked about the importance of gas in Nigeria’s energy mix. It seems like gas is becoming more important than ever. Wabote wants petroleum explorationists to focus on confirming the recoverable volumes from unproven gas reserves and developing the proven reserves. He’s really pushing for more attention on gas.
The theme of the conference was all about repositioning the oil and gas industry for future energy dynamics. Wabote thinks this is a crucial time for the industry. He believes that collaboration and partnerships are key to making things better. He also mentioned the Nigerian Oil and Gas Content Development Act (2010) as a way to grow local capacities and capabilities in the industry.
It’s clear that Wabote is serious about this. He’s commending the government’s efforts to sustain the gains in the oil and gas industry. He wants to see more support for local investments and job creation. It’s a big deal for the oil and gas sector, and Wabote is making sure everyone knows it.