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06/10/2020 News

Oguachuba Addresses the Media at NAPE Workshop

The Executive Director, Commercial & Strategy, George Oguachuba addressed the media taking them through the rudiments of Nigeria’s Oil and Gas Industry at a 1-day workshop held on Tuesday, September 29, 2020.

The theme of the virtual workshop organised by the Nigerian Association of Petroleum Explorationists, NAPE was Accessing Quality Information & Data Journalism for Oil & Gas Media Professionals.

In his overview of the oil and gas industry in Nigeria, Mr Oguachuba stated: “E & P in Nigeria remains the economic driver of the nation. It’s the basis of more than 70% of Nigerian’s foreign income earning. Nigeria is the leading producer in Africa, and it is ranked 6th in the world when it comes to LNG production and export. Although not without challenges, there has been consistent growth in the domestic gas sector.”

He further said: “Total as a key player in the industry is committed to the growth of oil and gas in Nigeria as a major economic driver and we are open to collaboration with the Federal Government of Nigeria and other key stakeholders towards the continued development of oil and gas in Nigeria. That is evident because we are one IOC that continues to invest in the exploration and development of resources, from AKPO to USAN and the recently concluded Egina field.”

The ED responded to questions from participants giving details of Joint Venture (JV) and Production Sharing Contracts (PSC).

Other speakers at the workshop were Growth Editor, Stears Business, Yvette Dimiri and Publisher, Africa Oil+Gas Report, Toyin Akinosho.

Earlier in his opening remarks, the President, NAPE, Alex Tarka noted: “The theme of this workshop is significant  and relevant especially in the new normal where the COVID-19 pandemic continues to cause us to adapt to new ways of working, living and relating with each other.”

The one-day workshop was held by NAPE to enrich the quality of reportage of events in the oil and gas industry.

George Oguachuba, ED Comercial & Strategy, Total E&P Nigeria Ltd