NAPE to address regulatory issues, others at oil, gas forum

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The Nigerian Association of Petroleum Explorationists (NAPE) will address topical issues in the Nigerian Oil and Gas industry at its 37th Annual International Conference and Exhibition scheduled to take place this November, in Lagos.

These, according to the President of the association, Ajibola Oyebamiji included petroleum business and regulatory environment, business analysis, petroleum system characterisation and modeling.

Others are advances in geophysics, new technology applications in exploration and production, contributions of indigenous/marginal field operators, talent management, capacity building and the next generation of exploration and production managers, alternative energy resources, exploration and production activities and the environment.

Oyebamiji observed that Nigeria was at risk of long-term disruption to oil and gas supplies, power generation, a collapse of industries and significant loss of revenue due to continued reduction in hydrocarbon exploration activities.

According to him, reduction in hydrocarbon exploration and exploitation has serious consequences for a country like Nigeria with a mono-economy hinged on crude oil.

He noted procurement and contracting cycles in the Nigerian oil and gas industry was about 36months making it the longest and most inefficient in the world.

Addressing a group of Energy Correspondents in Lagos, Oyebamiji said the long