1 May 2019

Nigeria: PETAN Explores New Opportunities, Solutions, for Indigenous Firms At OTC

The Petroleum Technology Association of Nigeria (PETAN), has stated that efforts are underway to showcase the dynamism and potential of Nigeria's petroleum industry at this year's Offshore Technology Conference (OTC) in order to improve the oil and gas sector.

The OTC, which is scheduled for Houston, Texas from May 6 to May 9, 2019, will according to the Publicity Secretary of PETAN, Ranti Omole, provide a platform for close interactions with leading international and major Nigerian oil service companies, indigenous oil companies, industry executives, government policy makers and political leaders, to share ideas on improving the Nigerian oil industry.

"The OTC, a gathering of professionals and opinion leaders in the global oil and gas industry, provides opportunities for positive portrayal and promotion of the great potential of Nigeria and the Nigerian oil and gas industry. "PETAN member companies and many other indigenous oil service companies will be part of a robust contingent, to showcase the dynamism and potentials of Nigeria's Petroleum Industry. About 2,500 professionals and industry leaders from Nigeria and beyond her shore will attend this year's event.

"PETAN has been organizing and hosting the Nigerian pavilion at the Offshore Technology Conference (OTC), Houston, Texas since 2005. The theme of the workshop for this year is; "Global Energy Transformation - The effect and future of the African Oil industry & Economy", the statement read in part.He identified some of the issues to be addressed at the OTC 2019 to include, "OTC's Golden Anniversary Opening Session: The Next 50 Years of Offshore Developments: Programming which reflects on our history, the current state of the industry, and what is on the horizon.

"Faster deployment of new technologies: Solutions to reduce the development timeline and create project-ready technologies which meet current industry challenges." "Cost reducing tools and techniques: Ways to decrease costs and improve overall value, while maintaining high standards for safety, operationability, and reliability.

"Integrating to innovate: How advanced software, nanotechnology, and the digital revolution are integrating disciplines and triggering an historic transformation in the offshore energy sector. Meeting global demand: Meeting the energy needs of fast-growing economies, while reducing carbon emissions and carefully considering the impact of digital technology".

He added that the Association remains committed to the promotion and the development of the oil and gas industry in Nigeria, through the organization of and participation in conferences, seminars and workshops, as well as creating opportunities for Nigerian oil and gas companies to develop, in a highly competitive environment.

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