FG Urge oil Experts to address Challenges in Local Industry 

The Federal Government has called on oil and gas experts to devise lasting solutions for various challenges plaguing the local oil industry such as low productivity, oil theft and gas flaring.
Senator Lokpobiri
Senator Lokpobirigoogle

Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), made this appeal on Monday in Abuja during the inauguration of the third Biennial International Conference on Hydrocarbon Science and Technology (ICHST 2023).

The conference, organized by the Petroleum Training Institute (PTI) and hosted by the Petroleum Technology Development Fund (PTDF), seeks to address the concerning decline in Nigeria's oil production and adopt innovative research practices akin to those in developed nations.

Senator Heineken said, “Nigeria has been a big player in the oil and gas industry both in Africa and globally. For us to sustain our place globally, we need to tackle challenges and key into what is trending globally.

“My expectations at the end of this conference is for us to come up with home grown solutions to address our problems in the petroleum industry.

“Nigeria have so many problems in the industry, I believe that the conference would come up with solutions to address those challenges and also produce document that will be implementable, ” he said.

Also speaking, Dr Henry Adimula  Principal/Chief Executive, PTI, said the conference underscored the need to shape the destiny of Nigeria’s oil/gas industry.

Adimula added that the essence of the conference was to explore, dissect, and contribute to a future teeming with possibilities.

He acknowledged the pioneering research conducted by the PTI which had substantially influenced the discussions.

“PTI’s development of economic models for gas investment, spanning the upstream, midstream, and downstream sectors, and creation of Modified Unit Technical Cost Model for oil and gas investment, ensures precise determination of the cost to produce a standard cubic foot of gas.

“These achievements underscore PTI’s dedication to innovative and environmentally responsible hydrocarbon resource utilisation,” he said.

Adimula said its collaborative research with the Nigerian National Petroleum Corporation Research and Development Division had resulted in steps towards efficient storage system for Compressed Natural Gas (CNG) in powered tricycles.

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