PNC 2024: Petroleum industry leaders storm Yenegoa for 13th policy debate
Sopuruchi Onwuka
Government’s policy drivers, industry leaders and investors will Monday coverage in Yenegoa, Bayelsa State, for the 13th Practical Nigerian Content (PNC) Conference and Exhibition.
The event hosted by the Nigerian Content Development and Monitoring Board (NCDMB) and produced by DMG events raises the platform for thought leaders to shape strategies for “Deepening the Next Frontier of Nigerian Content Implementation.”
Investors and services providers are provided the opportunity to interact and crossbreed ideas with ministers and regulators that set rules for operations in the industry.
The event which stands at the most important industry summit in the continent for the year comes as the global energy industry begins to redefine priorities for countries, companies and multilateral organizations wielding influence on the direction of energy demand.
The Oracle Today reports that Nigeria and sister African countries insist that the continent must continue exploitation of petroleum resources in addressing energy poverty, driving industrialization and achieving energy independence.
The position stands solidly against global sentiments for demand transition from fossil energy in a coordinated climate action that seeks to lower emissions.
The polarization of positions between advanced economies and poor developing countries on continued exploitation of fossil energy has seen acceleration of local content implementation in the country.
In Nigeria, indigenous independent petroleum companies are rapidly displacing international oil companies (IOCs) in a prevailing bulk asset divestments that clearly placed the future of the industry in hands of indigenous companies.
Also, the recent launch of fresh initiatives by the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) aimed at enhancing local content and sustainability is set to reshape the industry landscape.
According to organizers of the event, decisive action from government stakeholders is key to driving the transformation that will progress the Nigerian energy sector.
During an industry visit, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe emphasised the need for increased collaboration and advocacy for Nigerian Content in the oil and gas industry.
And with the Federal Government’s drive to increase Nigeria’s attractiveness for foreign investment and further entrench Nigerian Content to add and derive greater value to and from the energy sector, the Practical Nigerian Content Forum 2024 presents a timely opportunity for professionals to engage in pivotal discussions and network with key stakeholders driving the future of the industry.
Delegates at the conference, the organizers vouch, will have the chance to engage directly with key industry leaders, government representatives, and fellow professionals from across Nigeria’s energy sector.
The event, according to the NCDMB, will afford the delegates the opportunity to build valuable relationships and make connections that could shape the future of the energy industry
