The Society of Petroleum Engineers, Nigeria Council, and other industry stakeholders will converge on Abuja on Thursday (today) to examine Nigeria’s preparedness as the world shifts towards cleaner sources of energy.
The Chairman, SPE Nigeria Council, Mr. Chikezie Nwosu, said the 18th Annual Oloibiri Lecture Series and Energy Forum would discuss the Nigerian oil industry in a world of changing energy supply.
He said at a briefing that the SPE OLEF had over the years contributed to oil and gas policy development in Nigeria in commemoration of the first oil well drilled in Nigeria by Shell Darcy at Oloibiri, in Ogbia, Bayelsa State in 1956.
He said, “It has become a forum where SPE Nigeria Council brings together the key industry players from policy, legislature, regulatory, federal executive, investors, operators and service companies to discuss topical issues in the oil and gas industry, with a view to influencing the right policy direction to enable the growth of the industry and the Nigerian economy, thereby impacting positively on all Nigerians.”
Nwosu said it had become clear that with anticipated growth in energy demand, the world was rapidly moving towards an age of cleaner sources of energy.
He said, “For fossil fuels, this will mean a greater reliance on gas and less reliance on oil and, especially, coal. In addition, hydroelectric and gas-powered cars will replace diesel engines and, with time, gasoline (petrol) engines.
“Add to this are the growing investments in renewable sources of energy such as solar and wind, and it becomes evident that Nigeria must rethink (or rejig) its energy policy to solidify on the gains in the oil and gas industry, and leverage this learning to prepare for an energy mix that will become less reliant on the more polluting fossil fuels.”
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