SPE seeks increase in Nigeria’s crude production amid sliding international oil prices

Whatapp News




Lagos – Mr Emeka Ene, President, Society of Petroleum Engineers (SPE) in Nigeria, on Wednesday said that the slide in the international price of crude oil was an opportunity for the nation to increase its production.
Ene made the suggestion at the association’s pre-conference briefing, ahead of the 39th SPE Annual Conference and Exhibition in Lagos.
According to him, the poor pricing of crude oil in the international market makes the drilling of crude oil very cheap.
He urged the Federal Government to fully harness the nation’s oil and gas potential, with a view to growing the economy and adding value to the lives of the citizenry.
Ene also expressed the optimism that the President Muhammadu Buhari administration would contribute positively toward leveraging the nation’s oil and gas sector with the intention and determination he was bringing into governance.
He said that the SPE would sustain its contribution to the development of the oil and gas sector through shared values, knowledge and professionalism.
“The Society of Petroleum Engineers has been consistent through the Nigerian Annual International Conference Exhibition (NAICE), as the leading oil and gas industry technical conference in Sub-Saharan Africa.
“We remain committed in providing leadership in the technical and professional development of technicians, engineers and operators in our oil and gas sector, even during the current downturn in activities,’’ he said.
Ene said that the 2015 edition of the conference is billed to hold between 4th August and 6th August, 2015 in Lagos.
He said that: “Natural Gas Development and Exploitation in an Emerging Economy – Strategies, Infrastructure and Policy Framework,” has been chosen as the theme of the annual conference.
The main focus of the theme, he said, would be “sustainability, infrastructure and framework in an emerging economy.’’
Ene said, “The 2015 NAICE will provide unparalleled world-class opportunities for knowledge sharing, capacity building, networking and marketing of products and technology.
He said that speakers at the event include: the Vice President, Prof. Yemi Osibanjo; the Governor of Lagos State, Mr Akinwunmi Ambode, and Dr Joseph Dawha, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). (NAN)




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