Monday, 4 August 2014

32nd edition of the Annual Conference of the National Association of Petroleum Explorationists (NAPE) of Nigeria

The Eko Hotel & Suites in Lagos will host from 9th to 13th November, 2014 the 32nd edition of the Annual Conference of the The National Association of petroleum NAPE of Nigeria
The main theme of the upcoming conference will be "The Future of Hydrocarbon Exploration: Drilling Deeper, Searching Wider".
The topic reflects the Federal Governement will already stated in previous editions to intensify the exploration and exploitation of frontier areas.
Minister Alison-Madueke declared in 29th edition that the combined efforts of stakeholders and NAPE experts is essential to support the development of the national oil industry in the upcoming years.

Recently, Nigeria’s crude oil production in June 2014 rose by 200,000 barrels a day to 2.15 million in June 2014, a Bloomberg survey of Organisation of Petroleum Exporting Countries (OPEC) producers showed. The increase in oil production is rare for Nigeria which has struggled to boost production amid militant attacks on oil infrastructure and lack of reforms.

Nigeria has the potential to double crude production to 5 million b/d but is held back by a lack of reforms in the oil and gas sector, say analysts. Reforms such as passing the Petroleum Industry Bill (PIB), scrapping fuel subsidies, as well as improving security and rule of law, are seen by analysts as steps that could help get the sector to soar. “Nigeria won’t achieve a substantial increase in production until it passes the long-delayed Petroleum Industry Bill,” Ravi Bhatia, an analyst at Standard & Poor’s (S&P), said in a recent interview (excerpt from article).

Related events:

2014 Nigeria Annual International Conference and Exhibition - August 5–7, 2014,

The Nigerian Marginal Field Forum - July 25, 2014

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