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Welcome to our 91st issue as we prepare for the annual pilgrimage to Houston for OTC. I hope it will be a successful outing for the Nigerian contingent and useful contacts will be made on the trip. Our next issue magazine issue will bring you all the news and photos from OTC.
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Olorunsola Joins NDEP Board
Former Director of the Department of Petroleum Resources (DPR) Osten Olorunsola has been appointed to the board of Niger Delta Exploration & Production Plc (NDEP). Also appointed to the Board of the company is Ede Osayande, Former Managing Director of Cooperative Development Bank, Equitorial Trust Bank and Devcom Merchant Bank. NDEP said in a statement that their invitations to the join the Board have been approved by the Board Governance Committee and presented to the full Board at its last sitting.
Dr. Layi Fatona, Managing Director, NDEP Plc, said in the statement: "We are fortunate to have such distinguished new Board members joining us. With exposure to all aspects of the petroleum industry, and in-depth financial expertise, the appointments of Mr Osayande and Mr Olorunsola will both complement and strengthen the existing Board of NDEP Plc."
Mr. Olorunsola graduated with an Honours degree in Geology from the University of Ilorin, Nigeria and is a skilled Petroleum Engineer. He commenced his career at Agip-ENI, where he trained and worked as a Reservoir & Petrophysical Engineer, later specialising as a Production Geologist. He then joined The Shell Petroleum Development Company of Nigeria Limited as Production Geologist, and subsequently served in several positions, including Lead Geologist, Petroleum & Development Engineering Manager for SNEPCO, Business Interface Manager (BIM), before retiring as Vice President (Gas). Mr Olorunsola thereafter was appointed as Director, Department of Petroleum Resources (DPR), drawing from his experience as adviser to two Ministers of Petroleum Resources. Olorunsola is currently Chairman and Chief Executive of both Capital One Energy Ltd and Energetikos Ltd.
Mr. Olorunsola was unceremoniously removed as Director of DPR last year. Many believe his removal had much to do with the marginal fields licensing round that eventually kicked off under his successor, George Osahon. The process is now stalled, with application forms yet to be issued, following the announcement of the bid round late last year.
Mr. Osayande is a Capital Market Specialist with over 30 years of experience in Banking and Finance. In the course of his career, he has served in key areas of finance, including governance, financial analysis, risk management, banking operations and regulatory Compliance. He also served in the position of Bank Treasurer and Chief Accountant at PricewaterhouseCoopers Nigeria, earlier on in his career.
NDEP is the operator of the Ogbelle marginal field, located on OML 54, which it acquired through its wholly owned subsidiary, Niger Delta Petroleum Resources (NDPR). The field has 6 producing wells and recently reached 3,000 bpd production. A fully managed flow station has been installed, with a capacity of 10,000 bbls per day.
NDPR also has the right of first refusal for Omerelu oil and gas field in OML 53, also near Port Harcourt.
In 2012, NDPR together with other partners completed the acquisition of a 45% interest in OML 34 from the Shell/ Total and Agip joint venture as ND Western Limited. NDPR also has a 6 per cent interest in OPL 227, in partnership with Addax Petroleum OPL 227 Limited, Petroleum Prospects International Limited and Express Petroleum and Gas Company Limited.
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Petrobras Yet to Conclude $5 Billion Nigerian Asset Divestment
A year after announcing its mammoth $5 billion Nigerian asset sell-off, state owned Brazilian oil company, Petrobras is yet to find buyers for its Nigerian asset. Petrobras, formally known as Petroleo Brasileiro SA, hired Standard Chartered Bank to manage the deal that experts suggested could fetch up to $5 billion. Asian oil majors were said to be watching the development with interest, while private equity funds were also said to be interested, banking sources said at the time.
The Petrobras sell-off revealed in March 2013 includes its 8 per cent stake in the Nigerian offshore Agbami deepwater field, which is operated by United States energy firm Chevron and its 20 per cent share of the offshore Akpo field.
The giant Agbami Field is one of the largest deepwater oil offshore discoveries in Nigeria with estimated reserves of 900 million barrels. Crude oil production began from the field in 2008 with a peak production of 250,000 barrels per day (bpd). The cornerstone of the development is one of the world's largest floating production, storage and offloading (FPSO) vessels. Key components of the FPSO were fabricated in Nigeria, setting a benchmark for using Nigerian goods, labour and services. Agbami represents not only a new source of energy supply, but also provides employment and economic opportunities for Nigeria.
Akpo, which began production in 2009 is located 200 kilometres offshore Nigeria in Oil Mining Lease (OML 130) in water depths ranging from 1,250 to 1,480 meters. Its proved and probable reserves are estimated at 620 million barrels of condensate and more than 28 billion cubic meters of gas. With its huge gas reserves, the field has been described as a gas field with oil. It produces to a 310-meter-long, 61-meter-wide and 31-meter-high FPSO weighing 100,000 metric tons and designed to process 185,000 barrels of condensate and 15 million cubic meters of gas a day and to store up to two million barrels of condensate.
Petrobras, which began operations in Nigeria in deep waters off the Niger Delta coast, is divesting the assets in a bid to concentrate on exploration and production closer to home. It is now trying to raise funds for the $237 billion that it is expected to spend on developing domestic oil and gas assets. The company's cash flow has been hampered by the fact that it is subsidising local consumption of gasoline and diesel, which the Brazilian government is keeping artificially low through government subsidies.
Petrobras is expecting to help Brazil become self sufficient in oil and gas, as well as refined products. It hopes to double its current oil and gas production within a few years to about 5.2 million barrels of oil equivalent a day.
Following the divestment, it is reported that the company will focus on exploration off the coast of Brazil in the subsalt region. The deep sea region is thought to contain billions of barrels of crude oil.
Neither Standard Chartered nor Petrobras had ever revealed whether the assets would be sold piecemeal or in one lot. The preference with recent divestments has been to sell in one lot although the experience is that it is not always achievable. If Petrobras is insisting on selling in one lot then the steep price tag could be a major deterrent. Although in 2012 and 2013 international oil companies (IOCs) that have divested assets in Nigeria have reaped over the $7 billion from the sell-offs. The Petrobras deal will eclipse all the divestments if it goes through in one lot.
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Forcados Oil Terminal Remains Closed
Seven weeks after it announced the latest closure of the Forcados Oil Terminal, Shell Petroleum Development Corporation (SPDC) Nigeria said the export terminal remains closed. SPDC closed the 400,000 barrels per day terminal in the Western Niger Delta for repairs after discovering a leak on the 48-inch export line at the terminal, which the company said had been sabotaged. The closure led to the suspension of SPDC joint venture and third party crude oil exports through the terminal and a force majeure announcement.
At the time of the closure, SPDC said that helicopter over flights showed a slight sheen around the export line, indicating a leak. They immediately launched a joint investigation, conducted by representatives of the host communities, SPDC, regulators and security agencies. They found that a crude theft point had been installed on the line in water depth of about eight metres.
Shell said it was working to repair and reopen the line as soon as possible and that it had mobilised equipment and materials to the site to begin the work.
The Movement for the Emancipation of the Niger Delta (MEND) claimed responsibility for the damage that caused the leak. They said they initially sabotaged the pipeline and then sent divers down to cause further damage to the ongoing repair work. Shell has refused to confirm or deny the allegations.
Africa's largest producer, Nigeria, is struggling to cope with the scale of oil theft, which it is estimated is losing the country at least $6 billion in revenue annually. The Federal Government announced two months ago that it would commit $1 billion to the fight against crude oil theft.
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New Investment Fund Engota to Acquire Nigerian Oil Assets
New investment fund, Engota, has revealed that it intends to acquire Nigerian oil assets that will enable it to build a portfolio of oil exploration and production assets.
"Nigeria holds some of the richest and lowest cost of production oil deposits in the world. Engota's indigenous status opens the door to significant opportunities," the Chief Executive Officer of Engota Fund, Sayo Daniel said.
The investment fund intends to capitalise on opportunities which the international oil company (IOC) divestments have presented to indigenous companies. As the local companies step in to scoop up the divested assets, many of them producing, this also presents the ideal opportunities for an investment fund like Engota.
The Nigeria focused Engota Fund, which is entering the e&p space as an indigenous company will be funding exploration and production companies that offer a significant risk to reward investment profile. They also intend to target additional opportunities that overseas companies may not have access to.
"Engota's uniquely placed team on ground in Nigeria will work to uncover quality opportunities that can be exploited to produce superior financial return," the Vice-President of Investments, Engota Fund, Chuck Kowalski said.
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Ogidigben Gas City Project To Go Ahead
Governor Emmanuel Uduaghan has confirmed that the $16 billion Gas City Project to be sited at Ogidigben in Warri South-West Local Government Area of Delta State is to go ahead as planned. Uduaghan made the revelation as he sought to put an end to rumours of the relocation of the project due to community conflicts. He said that President Goodluck Jonathan would attend to perform the ground-breaking ceremony very soon. Already, 60 per cent of the bush clearing for construction to begin is scheduled for completion in August, 2014.
The $16 billion project is a public private partnership between the Federal Government through the Ministry of Petroleum Resources, working with private investors and the Delta State Government also being part of the project as the host state of the project. The gas city will initially host three major projects: a gas processing plant, a fertiliser plant and a petrochemical plant. There are other projects that will spring up thereafter. The gas processing plant will act as a feedstock to the petrochemical and the fertiliser plant. The Nigerian Ports Authority is also going to construct a deep sea port at the gas city.
According to Uduaghan, "The ground breaking will take place in the next few weeks. Mr. President will come here to do the groundbreaking ceremony. I know it is going to be very soon. They will soon give us a date. We are quite ready; you can see that the site is ready for the ground breaking."
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NNPC Awards 2014/15 Term Contracts
The results of the long awaited annual term contracts by the Nigerian National Petroleum Corporation (NNPC) have finally been revealed, after applications were advertised in 2013. The results, which take effect from June 2014 for a year, are quite startling and show that indigenous companies have been favoured over Swiss trading companies that traditionally got the lion's share of the awards. Reuters has obtained a confidential document that reveals the details of those that have been awarded the long-term contracts worth approximately $40 billion at today's oil prices. This move has been seen largely as confirmation of the government's intent to drive local content participation in the Nigerian oil and gas industry. This comes as the Nigerian Content Development and Management Board (NCDMB) celebrates its fourth anniversary.
Details of the winners and losers are still emerging as the letters of award are circulated to the winners, but the initial indications are that indigenous companies that won the contracts unsurprisingly include Talveras and Aiteo. Aiteo recently revealed that it would build a 100,000 barrels per day crude oil greenfield refinery in Warri, Delta State by 2017.
Meanwhile, among the newcomers are Hyde Energy, Springfield and Barbedos Group. Swiss traders that lost out include Glencore Xstrata, Vitol, Trafigura and Gunvor, which have for many years, always been assured of getting contracts. Mercuria was the only Swiss trader to receive an award. Losers also included more recent recipients, state owned Chinese trader, Unipec, the trading subsidiary of Chinese refiner, Sinopec, as well as Socar, the state oil company of Azerbaijan. Other losers were West African state refineries from Burkina Faso, Ghana, Ivory Coast, Senegal and Sierra Leone.
The government's determination to award most of the contracts to indigenous companies means that the traditional buyers of NNPC's share of Nigeria's crude have to partner with indigenous companies to get the prized light crude that Nigeria produces. A great many deals are likely to be done as trading houses scramble to find local winners willing to turn over their allocations for a quick profit. The general consensus however is that the award to Nigerian companies is a move in the right direction for local content.
Critics of the award process are not surprised that in an election year, most of the awards are going to Nigerians. They suggest that many of the winners could be political cronies who will use the profits to finance election campaigns. A report by Chatham House last year would support that proposition, after the London-based think tank estimated that by flipping the contracts, indigenous traders could get up to 40 cents on the barrel earning up to $5 million dollars on their annual contracts. That could go a long way towards financing many a political campaign, critics maintain.
The NNPC process of awarding long-term contracts for the sale of its crude oil production share has been widely criticised as being opaque.
In 2012, a Nuhu Ribadu led enquiry into the process, commissioned by the Minister of Petroleum Resources, Diezani Alison-Madueke, concluded that the system allowed contracts to be awarded to "briefcase traders with little or no commercial or financial capacity."
Last year, Swiss non-governmental organisation (NGO), the Berne Declaration, in a very damaging report also said the process was opaque. The NGO went even further to accuse NNPC of colluding with major Swiss oil traders to defraud Nigeria of oil revenues through swap deals in which NNPC sells crude oil to the trading houses in return for refined petroleum products.
The NNPC award process usually kicks off with advertisements for applications. The last public award was for 2012/2013. In May 2013, NNPC advertised for applications for the 2013/14 annual term contracts for the period starting 1st August 2013 to 31st July 2014. The financial requirements were very steep and were expected to take all but the most serious players out of the running. Applicants had to have not less than $500 million annual turnover and a net worth of not less than $100 million. Many indigenous companies were expected to fail to scale this hurdle. The deadline for applications was the 18th of June 2013. As the industry waited for the results, the highly critical Berne Declaration report was published and the results of the 2013/14 applications were never revealed.
The year 2012/13 was when indigenous companies began to feature prominently in the contract awards. In spite of the $600 million annual turnover requirement for that year, Nigerian firms won almost half of the nearly $60 billion worth of oil contracts.
Nigeria normally allocates about 75% of its daily production for sale through term contracts that last for a year. About 580 million barrels of oil a day will be sold through these term contracts. International commentators are surprised that the practice of awarding to middlemen rather than direct to refineries continues to take place.
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OPEC daily basket price stood at $105.20 a barrel Thursday, 24 April 2014
The price of OPEC basket of twelve crudes stood at $105.20 a barrel on Thursday, compared with $104.99 the previous day, according to OPEC Secretariat calculations.
The OPEC basket price had been rising steadily, except for a few blips, since it plummeted to $101.57 on the 3rd of April. It peaked on the 16th of April at $106.06 before sliding down to $104.09 on the 23rd of April. It now seems on an upward trajectory once again.
Introduced on 16 June 2005, is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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NNPC Gets New Company Secretary
The Nigerian National Petroleum Corporation (NNPC) has a new Company Aecretary after President Goodluck Jonathan approved the appointment of Ikechukwu Oguine as the Coordinator, Legal Services and Company Secretary, NNPC. He will replace Anthony Madichie who was NNPC's Legal Adviser and Company Secretary
Ike, as he likes to be known, was Chief Consultant at specialist boutique law firm, Advisory Legal Consultants, based in Lagos, which provides bespoke transactional, regulatory and legal advisory services to businesses and projects in Nigeria's energy, resources and infrastructure sectors. He has more than 25 years of experience in the oil and gas industry during which he spent over 20 years as in-house counsel with Chevron, rising in January 2008 to General Counsel for Chevron's Nigeria and Mid-Africa Business Unit (covering Nigeria, Benin, Chad, Cameroun, Ghana, Liberia and Togo), and director of Chevron's 16 companies operating in the Business Unit. For 4 years, Ike served as a member of the leadership team for the Business Unit dealing with a host of management and strategic matters.
Ike advised on Chevron's entire spectrum of oil and gas transactions and operations. He was Chevron's Lead Counsel for the West African Gas Pipeline ("WAGP"), the Escravos Gas to Liquids ("EGTL") Plant, the Brass LNG Project and the OKLNG Project. He also advised on several acquisitions and disposals of assets, including the transfer of Chevron's interest in Brass LNG to Total, and was counsel to Chevron in the Chevron-Texaco merger in Nigeria. Notably, he was Chevron's representative on the working group composed of industry representatives and external consultants that developed the framework for domestic gas aggregation in Nigeria and a model Gas Sales and Purchase Agreement for use by the industry.
Ike took early retirement from Chevron at the end of April 2012 and has been with Advisory Legal Consultants since.
the new Company Secretary, who has already resumed at NNPC Towers in Abuja, told NOGintelligence that it was a privilege and an honour to serve.
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A House of Reps Committee Urges Cautious
Destruction of Confiscated Oil
The House of Representatives has urged the Nigerian Navy to be cautious about the method of destruction of confiscated crude and petroleum products. The House Committee for the Environment is concerned that the indiscriminate destruction of petroleum products confiscated from oil thieves and illegal refineries could be endangering the environment.
Chairman of the committee Rep Uche Ekwunife was speaking during a session with the Navy and the Nigeria Oil Spill Detection and Response Agency (NOSDRA). He urged them to be wary about the environmental implication of the work they do. She said: "We are worried in the way of discharging the bunkered oil. We want to see if there are other ways we can discharge bunkered oil. We want to ensure that the environment is not further devastated."
In response, the Chief of Naval Staff, Rear Admiral Usman Jibrin, represented by Chief Naval Safety and Standards, Rear Admiral Johnson Olutoyin, said that the Navy is looking for a solution to the problem. This indicates that there is no policy for the destruction of the confiscated products. Photos that have emerged of the destruction of these products usually display controlled burning of the confiscated products.
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CORPORATE SOCIAL RESPONSIBILITY
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ABU Reveals Technology Breakthrough for Heavy Crude Refining
The Petroleum Technology Development Fund has revealed that a team of researchers led by the Chair, PTDF Endowment in Chemical Engineering, ABU, Prof Abdulkarim Ahmed has developed a new technology in the local refining of heavy crude for the production of petroleum products using locally sourced materials. After four-years of research on the production of zeolite catalyst using clay, the team discovered that zeolite catalyst was an essential additive in the conversion and refining of heavy gas oil into usable gasoline and petrochemical products in refineries.
Plans for the design and fabrication of the pilot plants for the production of zeolite catalyst have reached advanced stage with a view to inaugurating a prototype refinery in November this year according to the Fund.
The Executive Secretary, PTDF, Dr. Oluwole Oluleye, said: "The application of novel techniques in Zeolite catalyst production will not only offer huge opportunities for entrepreneurial development of sustainable refinery and petrochemical products but would also create job opportunities for Nigerians."
Oluleye said that Nigeria spent $12 million last year on importing zeolite catalyst for its refineries. This breakthrough would save the nation money on the importation of raw materials for the production of zeolite catalyst.
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SNEPCo- Provision of Solids Control Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of Solids control services. The scope of service covers the provision of high speed centrifuges and motors; high pressure jet washers/wash guns and mini mud vacuum to maintain rig cleanliness. Only tenderers who are registered with NJQS in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 29th April 2013. SNEPCo- Provision of Mud Logging Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of mud logging services. The scope of service covers the provision of full suite advanced mud logging services (equipment and personnel), real time pore pressure prediction (prevue). Only tenderers who are registered withNJQS 30407- mud logging in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 29th April 2013. NNPC - Renovation of Group Finance and Account Division Zonal Archive Nigerian national petroleum corporation (NNPC) invites interested and registered Nigerian companies to respond to the opportunity for the renovation of group finance and account division eastern zonal archive. The scope of services covers the mobilization and demobilization of temporary facilities. Interested companies are advised to submit full details of company profile complete with their CAC Certificate of Incorporation in Nigeria and certified copies of Memorandum and Articles of Association of the company and CAC form C07. The closing date for this opportunity is 2nd May 2014. EEPNL-Provision of Weir Pumps Inspection and Maintenance Call-off Services Esso Exploration and Production Nigeria Limited (EEPNL), invites interested and registered Nigerian companies to respond to the opportunity for the provision of weir pumps inspection and maintenance call-off services to support EEPNL's deepwater offshore operations including the maintenance of FPSO (Floating, Production, Storage and Offloading) . The scope of service covers the provision of fully trained and qualified personnel (service technician/service engineer) to perform inspection, scheduled maintenance, ad-hoc troubleshooting, performance tests, repairs and overhauls of weir pumps, provision of exchange equipment and components, and onshore support of services (Workshop). Only tenderers who are registered withNJQS in the relevant Product/Service category shall be invited to submit technical bids. The closing date for this opportunity is 2nd May 2013. SNEPCo - Provision of Cementing and Pumping Services Shell Nigeria Exploration and Production Company Limited (SNEPCo) invites interested and registered Nigerian companies to respond to the opportunity for the provision of cementing and pumping services for the company. The scope of service covers the provision of primary and remedial cementing operations required for well delivery process. Only tenderers who are registered withNJQS product/category shall be invited to submit technical bids. The closing date for this opportunity is 3rd May 2013. EEPNL - Provision of Weir Pumps Inspection and Maintenance Call-off Services Esso Exploration and Production Nigeria Limited (EEPNL), invites interested and registered Nigerian companies to respond to the opportunity for the provision of weir pumps inspection and maintenance call-off services to support EEPNL's deep water offshore operations. The scope of service covers the provision of fully trained and qualified personnel (service technician/service engineer) to perform inspection, scheduled maintenance, ad hoc troubleshooting, performance tests, repairs and overhauls of weir pumps and the provision of exchange equipment and components, and onshore support of services. Only tenderers who are registered with the relevant product/service code shall be invited to submit technical bids. The closing date for this opportunity is 5th May 2014. NPDC- Provision and Installation of High Security Perimeter Fencing Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of high security perimeter fencing for its swamp/land operational fields. The scope of service covers the mobilisation and demobilisation of equipments, materials and personnel to and from the site. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 5th May 2014. ADDAX - Provision of Supply Board Tank Cleaning and Disposal Services Addax Petroleum Development Limited invites interested and registered Nigerian companies to respond to the opportunity for the provision of supply board tank cleaning and disposal services for the company. The scope of service covers the provision of personnel, equipment and logistics to carry out proper cleaning of APD(N)L supply boat tanks and other tanks and the evacuation and disposal of waste from APD(N)L supply boat tanks and other wastes in line with other applicable environmental regulations. Only tenderers who are registered withNJQS product/category 3.15.07 waste management services categories A, B, C, and D shall be invited to submit technical bids. The closing date for this opportunity is 6th May 2013. NPDC - Provision of Civil Construction and Survey Services Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of call -out contracts for civil construction and survey services. The scope of service covers the provision of drilling location and access link road preparation/rehabilitation services and architectural services for design and construction projects. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 23rd May 2014. NPDC - Provision of Engineering Consultancy Services Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of call-out contracts for engineering consultancy services for NPDC operations. The scope of service covers the provision of engineering services agreement (ESA), project management services (PMS), quality control and quality assurance (QA/QC) services. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 23rd May 2014. NPDC - Provision of facilities maintenance services Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of call-out contracts for facilities maintenance services. The scope of service covers the provision of pump maintenance services, valve maintenance services and static equipment inspection services. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 23rd May 2014. NPDC - Provision of HSE Services Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of call-out contracts for HSE services. The scope of service covers the provision of fire-fighting equipment (foam trailers, sprinkler systems, hydrant systems etc) maintenance services. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 23rd May 2014. NPDC- Provision of Instrument and Electrical Maintenance Services Nigerian Petroleum Development Company (NPDC), invites interested and registered Nigerian companies to respond to the opportunity for the provision of call-out contracts for instrument and electrical maintenance services. The scope of service covers the provision of generator maintenance services at NPDC offices and field locations, instrument (Control systems, SCADA, Fire & Gas systems) maintenance Services. Only tenderers who are registered with the NipeX NJQS products/services categories shall be invited to submit technical bids. The closing date for this opportunity is 23rd May 2014. |
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2nd Africa Oil & Gas, Finance and Investment Forum
Following the success of the 1st Africa Oil & Gas Finance and Investment Forum, the AOGFI event from the 23rd to the 24th of September in Dubai, will once again bring together industry leaders and government bodies alongside investors, analysts and financial institutions to discuss future finance and investment opportunities in African oil & gas.
Covering an extensive oil and gas exploration area, both onshore and offshore, and with its huge hydrocarbon potential spurred by new discoveries in the eastern part of the continent, Africa will soon begin to play a strategic role as a world oil and gas supplier.
AOGFI 2014 will explore the environment that will attract sustained investments and finance to African oil and gas in a time of global economic uncertainty and changing regulatory environments.
AOGFI 2014 is organised by AME Trade Ltd and supported by APPA Fund and Dubai Chamber.
New for 2014:
- Pre-conference workshop for in-depth sector analysis and assessment
- Sector focused sessions - upstream, midstream and downstream opportunities
- Roundtable discussions with leading African NOCs and Ministers
For more information about the event please visit the website www.aogfi.com.
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22nd Middle East Petroleum and Gas Conference
Dubai, UAE
13-15 April 2014
www.mpgc.cc
20th Western Africa Oil, Gas and Energy
Windhoek, Namibia
14-16 April 2014
http://www.petro21.com/events/?id=858
The Republic of Congo's Second International Hydrocarbons Conference & Exhibition
Brazzaville, Republic of Congo
14 - 16 April 2014
http://ciehc.com/englishhome/
Oil Spill Conference Nigeria 2014
Accra, Ghana
April 23-25 2014
www.oilspillconferenceng.com
5th Eastern Africa Oil, Gas and Energy
Nairobi, Kenya
28-30 April 2014
http://www.petro21.com/events/?id=851
Sub-Saharan Africa Oil and Gas Conference
Houston, Texas
1-2 May 2014
http://www.energycorporateafrica.com/
Oil Technology Conference
Houston, USA
5-8 May
www.otcnet.org
Africa LPG Trade Summit
Accra, Ghana
7-9 May 2014
www.cmtevents.com
Platts Global Crude Oil Summit
London, UK
13-14 May
http://events.platts.com/crude-oil-summit-2014
The 11th Maghreb, Mediterranean, Mideast Upstream Conference 2014
Nicosia, Cyprus
19-21 May 2014
http://www.glopac-partners.com
11th African Independents Forum
London, England
2-3 June 2014
http://www.petro21.com/events
Oil and Gas Strategic Recruitment Forum
Aberdeen, UK
03 June 2014
http://www.oghr.co.uk/events/recruitment
Somalia Oil and Gas
Somalia
9 June 2014
http://www.somalia-oil-gas.com
East Africa Oil and Gas Summit
London, UK
10-12 June
http://eastafrica-oil-gas.com
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Best wishes 
Remi Aiyela
Editor-in-Chief
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