‘Reservoir optimisation, collaboration key to sustainable growth’

Michael James

Lagos — Director General of the Department of Petroleum Resources, DPR, Engr Sarki Auwalu challenges limiting the growth in Nigeria’s petroleum industry can be addressed through reservoir optimisation and improved collaboration between stakeholders.

Engr. Sarki who stated this in a paper presentation titled, “A Discussion on the Futuere of The Nigerian Petroleum Industry” at the Petroleum Club 2021 Annual Business Dinner noted that these strategies when adopted can led to improved and sustainable growth in the industry.

He also stated that Africa’s demand for energy would continue to grow and Nigeria would have a significant role to play by unlocking a lot of its resources to contribute to that future need.

The Chairman, Petroleum Club, Dr. Layi Fatona, expressed excitement over the support the club has received and what it means for the future of the petroleum industry.

“The Oil and Gas industry in Nigeria in relation to the emerging energy transition must be addressed in a way that enables the sector to maximise its potential. This is necessary to ensure the development and transformation of the Nigerian society,” Dr. Fatona said.

Executive Chairman and Founder, AA Holdings, Austin Avuru expressed the company’s desire to continuously support key sectors in Nigeria.

“The Petroleum club remains a vital platform for the enhancement of the Oil and Gas industry in Nigeria. As a proprietary investment company, AA Holdings understands this value and impact and is proud to sponsor the Petroleum Club 2021 Business Dinner. We believe that the discussions held will be effective in driving growth for the industry as well as foster economic development.”

News  Analysis: Big oil may get more climate lawsuits after Shell ruling -lawyers, activists

The Petroleum Club also honoured its newest octogenarian members: Dr. Godswill Ihetu and Chief Chambers Oyibo. The Petroleum Club is a non-political and non-profit making advocacy group comprising leaders in the Oil and Gas industry in Nigeria.

The club’s principal mandate is to work with stakeholders in the Oil and Gas industry formulating policies and actions necessary for the growth and sustenance of the industry in Nigeria

This article was originally posted at sweetcrudereports.com

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.