NAPE joins African Energy Week 2023 as a partner, reaffirming its dedication to driving sustainable petroleum activities in Africa.
Africa’s energy sector is on the precipice of a renaissance, with new players entering the market, projects being kicked off and opportunities for electrification and industrialization growing. In Nigeria, long-dubbed one of Africa’s biggest oil producers, a fresh slate of investment is poised to solidify the country’s position as a globally competitive exporter. Under efforts to attract new capital and players to the market, Nigeria implemented the Petroleum Industry Act in 2021 and is coordinating the next wave of exploration through organizations such as the Nigerian Association of Petroleum Explorationists (NAPE).
With a mandate to advance regional energy security and economic development, NAPE has joined the continent’s largest energy event, African Energy Week (AEW) 2023, as a partner. This support speaks to the commitment of the organization to improving cooperation and collaboration in the energy sector and is set to significantly enhance exploration-focused dialogue at the event this October.
NAPE President Elliot Ibie – inaugurated in December 2022 – will lead the delegation from the organization to AEW 2023 this year, participating in various panels and networking forums centered around energy security and local content in Africa. NAPE represents the largest professional association of petroleum geologists, geophysicists, CEOs, consultants and academia in Nigeria, and is a significant addition to AEW – scheduled for October 16–20 in Cape Town.
With a rich history of promoting best practices, business models and standards, NAPE’s mission aligns with Nigeria’s goals to enhance domestic energy security, optimize hydrocarbon monetization, and drive economic growth while ensuring a just energy transition. As Nigeria seeks to expand its proven gas reserves and address energy poverty, NAPE’s participation at AEW 2023 will focus on upskilling the local workforce and fostering a competitive domestic market.
NAPE has played a pivotal role in fostering collaboration among Nigerian, African and international oil and gas professionals. These collaborations are essential for the responsible exploration and production of Nigeria’s abundant reserves. Notably, NAPE shares a common vision with the Nigerian National Petroleum Corporation (NNPC) for advancing Nigeria’s energy sector and is committed to enhancing the nation’s energy capabilities, promoting innovation, and ensuring a sustainable and prosperous future.
In addition to its industry collaboration, NAPE actively contributes to nurturing young talent through various training and business discussions. This underscores the urgency of redefining educational approaches for students and young individuals, emphasizing enhanced training and education to meet the sector’s evolving needs. With Nigeria boasting 37 billion barrels of proven oil reserves and 200 trillion cubic feet (tcf)of gas reserves – a figure which is likely to increase to 600 tcf following the completion of ongoing exploration campaigns -, organizations like NAPE play a pivotal role in advancing local content development, promoting sustainable development, and attracting investments in this sector. They also champion the adoption of innovative end-to-end workflow solutions to optimize operations across the African energy sector.
“NAPE’s partnership with the biggest energy event in Africa underscores the company’s dedication to fostering collaboration, knowledge sharing, and innovative solutions within Africa’s energy sector, ultimately driving the continent’s sustainable energy future. NAPE has long-been an integral part of the Nigerian energy market and will continue to play a central role in enhancing capacity building, market coordination and multilateral collaboration,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).
As a partner for AEW 2023, NAPE will play an active role in critical discussions on sustainable upstream operations in the African oil and gas sector as well as local content development, thereby contributing significantly to driving the industry forward. Through collaboration and shared objectives, NAPE and the AEC aim to drive positive change and growth across the African energy landscape.
AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com