Nigeria must harness its gas to power resource to enhance her aspiration to attain global relevance in energy sufficiency and accelerated growth.
This was the argument of Mr. Campbell Airlie, Chief Technical Officer of Seven Energy, an indigenous oil and gas company at the just concluded 38th Nigeria Annual International Conference and Exhibition, NAICE.
Speaking on, “The Changing Global Energy Supply Balance and Africa’s Economic Transformation,” Airlie stated that for Nigeria to achieve her economic goals, it should focus on accelerated development of its gas resources. This is to power economic initiatives because a stable power is a catalyst for the growth of every sector of the economy.
The panel discussion included Dr. Joseph Thlama Dawha, Group Managing Director of Nigerian National Petroleum Corporation, NNPC; Mr. Taofiq Ajibade Tijani, Commissioner for Energy and Mineral Recourses Lagos State; Mr. Bernard Oboarekpe, Chairman, SPE Nigeria Council, and a host of others.
He said that in addition to investing more in developing the country’s gas resource, Nigeria also needs to improve the skills of indigenous manpower in the sector.
According to him, “Nigeria has some of the best gas reservoirs in the world, but what we need now is not just the best technology but good skilled hands to manage the technology. That is why I am very pleased with Nigeria’s transformative thinking in the area of gas development.”
Airlie said that Seven Energy is committed to developing Nigeria’s gas resource through several investment initiatives in the country. According to him, Seven Energy and its wholly owned subsidiary, Accugas, recently closed a $170 million medium term acquisition finance with FBN Bank (UK) Limited, and Ecobank Nigeria Limited, to part finance the acquisition of East Horizon Gas Company Limited.
He also added that the company has continued to invest in the development of the Nigerian workforce to support its growing investment in gas. He added that Seven Energy was proud to support NAICE 2014, as a demonstration of its commitment to the development of the Nigerian oil & gas industry.
The 2014 NAICE conference hosted by the Society for Petroleum Engineers, SPE, had the theme, “Africa’s Energy Corridor: Opportunities for Oil and Gas Value Maximisation Through Integration and Global Approach,” attracted hundreds of participants across the industry’s value chain.