Wale Tinubu, Ibe Kachikwu fly the Nigerian flag at Africa Oil Week 2018
Oando PLC Group Chief Executive, Wale Tinubu, Minister of State, Petroleum Resources, Dr Ibe Kachikwu, Executive Secretary, Nigerian Content Developing and Managing Board (NCDMB), Engr Simbi Wabote were key participants at the recently concluded 25th Africa Oil Week (AOW) in Cape Town, South Africa.
In addition to being a platinum sponsor, delegates from the Oando led by Wale Tinubu provided the Nigerian business perspective on various panels. Speaking on an economic outlook panel titled: “Can Africa’s Upstream Play a Significant Role in the Context of the Global and Regional Energy Landscape.”
Wale Tinubu said: “We have been substantially supported by the Government’s local content policies which have effectively enabled indigenous players step in and play a significant role in the sector. In Nigeria today, out of the 2 million barrels of oil being produced, 400,000 can be attributed to indigenous production.”
Alongside Wale Tinubu on this panel, were Jens Frølich Holte, State Secretary, Ministry of Foreign Affairs, Norway; David Hicks, Senior Vice President: Upstream, IHS Markit; Jasper Peijs, Exploration Vice President, BP; Mounir Bouaziz, VP Commercial/New Business Development South America & Africa, Country Chair Dubai & Northern Emirates, Shell and Paul McDade, CEO, Tullow Oil.
Dr Kachikwu spoke extensively on the oil sector’s impact on the Nigerian economy during the Ministerial Insights: National Exploration & Production Strategies’ panel. He said: “The oil sector has been a catalyst for growth in the Nigerian economy. It has also driven technology. Privately owned companies in Nigeria have gotten to a point where they can go to other African countries as investors and service providers.” The sessions covered various topics including future trends, hot spots and drilling programmes, governance, transparency and equitable growth, to future outlooks and energy transition outlook to 2050.
Also speaking on “Private Sector: Creating Equitable Frameworks and High Quality Local Supply Chains”, the Chief Operating Officer of Oando Energy Resources, Dr. Alex Irune said: “The indigenous private sector has an important role to play in taking the knowledge and value gotten from collaborating with the IOCs and other sector players in the country, transferring that down the value chain to build efficient and effective supply chains that are able to retain value in country.”
Oando’s participation at the conference further reinforces its position as the preferred indigenous oil and gas company in the country. The company has indeed carved a niche for itself as an independent indigenous oil and gas company flying the Nigerian flag at global events that shape the future of the sector and the world in general. Events such as the World Economic Forum (WEF) in Davos, CERA in Houston, Oil Council, Africa Assembly, Africa CEO Forum, OPEC International Seminar, to name but a few. At these events, Oando has engaged in open and transparent dialogue with a broad range of stakeholders to analyse and proffer solutions to global issues.