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SAIDU MOHAMMED DECLARES NIGERIAN PAVILION OPEN AT OTC 2016

             

History was made at this year’s Offshore Technology Conference (OTC 2016) held at Reliant Park, Houston Texas, United States of America from May 2 – 5, 2016 when the Group Executive Director/Chief Operating Officer, Gas and Power in NNPC, Engr. Saidu Mohammed, who represented the Minister of State for Petroleum Resources/Group Managing Director, NNPC, Dr. Emmanuel Ibe Kachikwu, declared open the Nigerian pavilion at the conference.

Engr. Mohammed, who was accompanied by NETCO’s Managing Director, Engr. Siky Aliyu and other leaders of the oil and gas industry in Nigeria, expressed the joy of the Nigerian delegates to the conference and encouraged participants to visit the Nigerian pavilion to keep abreast of advancement made by the companies.  He thereafter cut the ceremonial tape and declared the pavilion open.

The following day, the Petroleum Technology Association of Nigeria (PETAN) had a luncheon/panel discussion hosted by Oilserv Limited with the theme: ‘’The Nigerian Oil and Gas Industry: Current Realities, Exciting Opportunities’’ where discussants took turns to review the prevailing realities as well as opportunities available to investors in the country.

In his opening remarks, Engr. Saidu Mohammed highlighted the realities of the Nigerian oil and gas industry to include N5 billion funding gap in Joint Venture (JV) with the  International Oil Companies (IOCs) , low gas production due to global recession, epileptic product supply by the refineries due to low crude, unjustifiable subsidy on Premium Motor Spirit (PMS), poor linkages between the oil and gas industry and other sectors of the Nigerian economy.

On solutions to the challenges, the GED/COO, Gas and Power emphasized the need for private sector partnership with NNPC adding that discussions were on-going with the Joint Venture partners to resolve the challenges in the non - funding of Joint Venture companies.  .The luncheon was attended by captains of Nigeria’s oil and gas industry including NETCO’s Managing Director, Engr. Siky Aliyu.

This year’s OTC was well attended by people and companies from all over the world. The yearly event according to OTC 2016 Chairman, Joe Fowler, is the place where the industry assembles to solve technical challenges, network, share best practices and conduct business.

The 2016 OTC was sponsored by 13 non-profit Organizations in the global energy sector, who collaborated to develop the technical programme.  A total of 120 countries attended this year’s event while over 500 exhibitors displayed their technical expertise at the event.  Technical sessions were held daily throughout the duration of the conference.