The 6th edition of the 2023 Nigerian International Energy Summit (NIES) was held at the State House (ICC) Abuja, Nigeria. The summit provided a platform for participants to exchange ideas and share knowledge and experiences on the latest trends and innovative solutions for the energy sector, with a focus on sustainable development.

On behalf of Prof. Yemi Osinbajo, Vice President of the Federal Republic of Nigeria, Mr. Boss Mustapha, Secretary to the Government of the Federation, opened the event. The Permanent Secretary of the Federal Ministry of Petroleum Resources, Amb. Gabriel Tanimu Aduda, the ES NCDMB, Engr. Simbi Wabote, the SG APPO, Dr. Omar Ibrahim, Chairman NNPC Ltd, Sen. Margaret Okadigbo, President NGA/MD, Shell Nig. Gas, Mr. Ed Ubong, the Chairman IPPG/Waltersmith Group, Mr. Abdulrazaq Isa, the Chairman OPTS/Chevron, Mr. Rick Kennedy, the NUPRC Chief Executive, Engr. Gbenga Komolafe, and a sizable delegation of NUPRC board members and management, captains of industry, members of the diplomatic community, and international and Nigerian delegates gave the event color.

Vice President Yemi Osinbajo’s energy transformation strategy is “bold and innovative” and easily realizable. The Carbon Vista Joint Venture Fund was established by the Nigerian Sovereign Investment Fund and its partner to finance carbon emission reduction initiatives in Nigeria. Osinbajo urged sector stakeholders to provide more funding and business leaders to set their own sustainable energy goals in line with the federal government’s energy transition plan. Africa is the region where green civilization can advance due to its large natural resources and low emissions.

Overall, the summit was a successful event that brought together key stakeholders in the energy sector to discuss important topics such as sustainable development, renewable energy, financing, and better government policies to harness a better energy future for all. Despite a low turnout of visitors to the exhibition, the conference had a strong attendance of over 232 senior-level conference delegates and 56 speakers representing the Nigerian -International Energy, Oil, and Gas Value Chain who provided valuable insights and solutions for the Nigerian Energy Industry. The exhibiting companies included major players in the industries; Oilserv Group, Exxon Mobil, NNPCL, IPPG, Chevron, Total Energies, Shell, NCDMB, NUPRC, NMDP, etc.

The esteemed steering committee members deliver high-level strategic sessions and discussions on game-changing solutions for the Nigerian Energy, Oil, and Gas industries which were extensively discussed in the various plenary sessions but not limited to the following:

• The significance of the Nigerian International Energy Summit and how it is contributing to the development of Nigeria’s energy sector,
• The latest trends and innovative solutions for addressing key challenges in Nigeria’s energy industry, including accessibility, reliability, affordability, and sustainability,
• How renewable sources can be leveraged to achieve Nigeria’s sustainable development goals while ensuring access to modern and affordable energy for all citizens,
• The need for virtual pipelines as an effective solution for transporting gas to areas that are not connected to the main pipeline network. This will help increase access to natural gas, which is a cleaner alternative to other fossil fuels. Nigeria can leverage renewable sources such as solar, wind, and hydropower to achieve its sustainable development goals. This will not only ensure access to modern and affordable energy for all citizens but also reduce the country’s dependence on fossil fuels and mitigate the effects of climate change.
• The role of government policies in driving investment towards clean energy solutions, such as tax incentives or subsidies for renewable energy projects, and
• Collaborative efforts between different sectors to ensure access to modern and sustainable energy for all, particularly in remote areas,

We all agree and know that the world is currently going through and facing very numerous challenges including global energy volatilities, volatile pricing, conflicts with Ukraine and Russia, current OPEC plus-cuts, – this event emphasized the need for Nigeria and Africa to drive their energy sources to ensure greatest stability.

Oilserv Group fully participated in the 2023 NIES. Engr Dr. Emeka Okwuosa (CON), Chairman/GCEO who was a leading speaker on a panel session titled “Gas Infrastructure, Network Code, Virtual/Pipeline and Midstream Infrastructure Fund” was represented by the Managing Director of Frazimex Engineering Limited- Engr. Chuka Eze, FNATE, posited that sufficient gas explorations from our huge proven gas reserves 209tscf and processed gas with adequate and well-protected gas infrastructures will help stimulate our economic growth and improve African lives through industrialization.

He further added that Oilserv is a leading a significant role in the Engineering and safe Construction of Gas infrastructure with innovative technologies alongside its experienced workforce is dedicated to ensuring the highest levels of safety and quality in delivering turnkey projects (Unicem, Escravos-Lagos, OB3, AKK, etc), which has earned the company a reputation as a reliable and trustworthy partner in the industry. With its strong track record and commitment to excellence, Oilserv is well-positioned to continue driving economic growth and development in Nigeria and beyond. Engr. Chuka Eze concluded with emphasis on the need for strategic partnerships and collaborations among stakeholders in the gas industry to achieve this goal. He also highlighted the importance of technology and innovation in ensuring the sustainability of gas infrastructure and maximizing its potential for economic development.

The NGA presented Oilserv Ltd with two awards for GAS Sector Local Contractors Award and contributions to the NGA. The summit featured meaningful and timely discussions, as well as the importance of implementing energy plans and policies speedily and efficiently. The discussions were productive and emphasized the importance of implementing energy plans and policies quickly and efficiently. The presence of industry stakeholders, government authorities and agencies indicate a strong commitment to advancing the energy sector.