Michael Arokodare, Group Executive Director, Finance & Accounts of NNPC to Update Nigeria’s Offshore Projects |
Information Agency: Offshore Focus 2023-10-16
Dear colleagues,
Here are several updates related for Nigeria’s offshore oil and gas projects & information:
On Aug. 16th, 2023, Nigeria's state-oil firm Nigerian National Petroleum Company (NNPC) has secured a $3 billion crude oil repayment loan from Cairo-based Afrexim Bank that will support the government's reforms to stabilize the exchange rate market.A commitment letter and termsheet was signed on Wednesday for an emergency $3 billion crude oil repayment loan, the state-oil firm posted on X, formerly known as Twitter. The NNPC said the loan will immediately disburse funds to support the "government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market".
On July 21st, 2023, NNPC signed a heads of terms agreement with oil and gas company UTM Offshore for the construction of what is the country’s first indigenous floating LNG (FLNG) project. The UTM FLNG project is expected to produce 176 million cubic feet of gas per day from the Yoho Offshore Field located in Oil Mining Lease 104. And it is anticipated that the project will create more than 7,000 job opportunities and will contribute to Nigerian’s economic development and growth.
What are the further updates for NNPC’s offshore projects? Are there any incentive plan and activities to meet production quota by the OPEC? Any updates for progress of examination and approval for FID of Bonga North Block (OML118) and Preowei? How about the opening blocks for new investors: Bosi, Satellite Field Development Phase 2, Uge and etc.?
| Recently, Mr. Michael Arokodare, Group Executive Director, Finance & Accounts, Nigerian National Petroleum Corporation (NNPC) has confirmed to join the Offshore WA - West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) as eminent speaker. |
Following more than 3-month promotion, there’re limited seats for normal passes, and there are last 1 Booth and last 1 presentation opportunity which will be closed in 2 weeks. Looking forward of your soonest registration!
Part of Participate List- West Africa Offshore Upstream Conference 2023
Attendee Type | HQ Country | Organization / Company | Name | Job Title |
Regulator | Nigeria | Nigerian Upstream Petroleum Regulatory Commission (NUPRC) | Dr. Kelechi O. Ofoegbu | Executive Commissioner, Economic Regulation & Strategic Planning |
/ | Head, PUBLIC AFFAIRS UNIT (PAU) | |||
/ | Assistant Director, Operations | |||
/ | Technical Assistant, Commission Chief Executive, NUPRC | |||
/ | Petroleum Engieer | |||
Nigerian Content Development & Monitoring Board (NCDMB) | Abdulmalik Halilu | General Manager, Research & Statistics | ||
Nigerian Content Development & Monitoring Board (NCDMB) | / | To be announced | ||
Nigerian Content Development & Monitoring Board (NCDMB) | / | To be announced | ||
Nigerian Content Development & Monitoring Board (NCDMB) | / | To be announced | ||
Association & NGO | Congo | African Petroleum Producers Organisation (APPO) | H.E. Dr. Omar Farouk Ibrahim | General Secretary |
Association & NGO | Nigeria | Nigerian-British Chamber of Commerce | Ray Atelly,frpa | President and Chairman of Council |
/ | To be announced | |||
/ | To be announced | |||
/ | To be announced | |||
Nigerian-American Chamber of Commerce | Wofai Samuel | Acting Director-General | ||
/ | World Bank | Ms. Ayanda Dlodlo | Executive Director: EDS25, Angola, Nigeria, South Africa | |
IOC | France | TotalEnergies | Cyprian Ojum | Deputy General Manager, Nigerian Content |
/ | Supply Chain Manager | |||
/ | Technical Manager | |||
/ | To be announced | |||
IOC | Netherlands | Shell | Iyke Nnoaham | Portfolio Business Opportunity Manager (Representative of MD) |
/ | To be announced | |||
IOC | United States | Chevron | Director, Southern Africa Strategic Business Unit | |
IOC | United Kingdom | PetroNor E&P Ltd (formerly African Petroleum Corp) | Eyas Alhomouz | Chairman |
/ | Senior Director | |||
Government | Ghana | Ministry of Energy, Ghana | James Dwamena Yamoah | Department Director, Petroleum Upstream |
Local Oil Company | Ghana | Springfield E&P Limited | / | Senior Technical person |
Government | Angola | Ministry of Mineral Resources, Petroleum and Gas, Republic of Angola | Minister | |
NOC | Angola | Sonangol E.P. | Sebastião Pai Querido Gaspar Martins | President and CEO, Chairman of the Board of Directors |
NOC | Namibia | NAMCOR of Namibia
| Managing Director | |
NOC | Mauritania | Mauritanian Hydrocarbon Company / Société Mauritanienne des Hydrocarbures (SMH) | Mouhamed MOURID | Head of Reserves Assessment Unit |
NOC | Côte d'Ivoire | Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire (PetroCi)
| Director of the Analytis and Research Center | |
NOC | Nigeria | NNPC Upstream Investment Management Services (NUIMS) | Mr. Ikponmwosa Omigie | General Manager Legal Division |
NOC | Nigeria | Nigerian National Petroleum Corporation (NNPC) | Michael Arokodare | Group Executive Director, Finance & Accounts |
/ | To be announced | |||
/ | To be announced | |||
NOC | Nigeria | GM External Relations/Technical Assistant to the GMD | Amni International | |
NOC | Nigeria | First Exploration and Petroleum Development Company | Segun Owolabi | GM Development |
NOC | Senegal | Société des pétroles du Sénégal (Petrosen) | Thierno Seydou LY | Director General, PETROSEN E&P |
/ | SANGOMAR Project Manager at PETROSEN E&P | |||
/ | To be announced | |||
Government | Cameroon | Ministry of Mines, Industries and Technological Development (MINMIDT) Cameroon | Stève Djoumessi | Head of Department at the Directorate of General Affairs |
His Excellency Mr. FUH Calistus Gentry | Minister | |||
/ | Private Secretary to the Minister | |||
/ | Technical Advisor No. 1 | |||
/ | Technical Adviser No. 2 | |||
/ | Director of Geology | |||
/ | Director of Industry | |||
/ | Inspector General | |||
/ | Head of the National Mining Brigade | |||
/ | Head of the Studies, Projects and Cooperation Division | |||
/ | Head of the Technological Development and Industrial Property Directorate | |||
Regulator | Liberia | Liberia Petroleum Regulatory Authority (LPRA) | Rufus Tarnue | Deputy Director General & Head of Technical Services |
NOC | Liberia | National Oil Company of Liberia (NOCAL) | Timothy Kudar Jarry | Director, Exploration & Data Management |
Subsea EPCI | Norway | Aker Solutions | VP Pursuit Africa & ENI Account Manager | |
EPCI | United Kingdom | TechnipFMC | Director Commercial | |
Subsea EPCI | United Kingdom | Subsea 7 | To be announced | |
EPCI | Italy | Saipem | Regional Director | |
Oilfield Service | United States | Baker Hughes | Sales & Commercial Leader | |
Oilfield Service | United States | Weatherford | Area Director | |
Seismic Contrtactor | United States | TGS | Jason Robinson | Director of Business Development – Africa, Mediterranean & Middle East |
Norway | TGS | / | To be announced | |
/ | To be announced | |||
/ | Country Manager, Nigeria, PGS | |||
FPSO Owner | Malaysia | Yinson Production | / | SVP Business Development |
/ | Managing Director-Nigeria | |||
Classification | United States | American Bureau of Shipping | / | Area Operations Manager |
/ | Regional Director of Operation | |||
/ | Principal Surveyor-in-Charge, Nigeria | |||
Drilling Contractor | United Kingdom | Odfjell Drilling | To be announced | |
Drilling Equipment&Service | United States | NOV Fiber Glass Systems | / | Area Sales Manager (West Africa) |
Engineering Consulting | United Kingdom | ABL Group | / | Managing Director |
Drilling Equipment & Services | United States | ChampionX Oilfield Solutions Nigeria LTD | / | General Manager |
Logistics | Germany | DHL Global Forwarding | / | Country Manager |
/ | Head Of Sales | |||
/ | Head of Industrial Projects | |||
/ | To be announced | |||
/ | To be announced | |||
/ | To be announced | |||
Helicopters | Morocco | Heliconia Offshore | / | To be announced |
/ | To be announced | |||
Control System | Germany | Siemens | / | Business Development |
Drilling Equipment & Services | United States | ChampionX | General Manager | |
Subsea Dredging | Belgium | Bonny Channel Company | Managing Director | |
… | … | … | … | … |
>> Register here to get the last 10 Seats
About the West Africa Offshore Upstream Conference 2023 (click here for official website):
In the post-pandemic era, the rising oil prices, the discoveries of significant offshore oil and gas fields of West Africa region, and aims of accelerating monetization of regional hydrocarbon by 2050 have driven demand for active offshore upstream exploration in West Africa. Recently, Nigeria and Sierra Leone held new round of offshore bidding separately, Ghana is planning for new deep offshore bidding now. During 2019 to 2022, the West African countries such as Angola, Côte d’Ivoire, Senegal, Equatorial Guinea, Congo, Liberia, Gambia, either launched bidding round or opened for direct negotiation for untapped blocks. Meanwhile, projects in several West African countries are heading for FID in 2023. What is status of different projects in West Africa countries? What challenges and concerns of the government, NOCs and IOCs and how could involve in the projects?
With the strongly support of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Content Development & Monitoring Board (NCDMB), Nigerian National Petroleum Corporation (NNPC), World Bank, African Petroleum Producers Organisation (APPO), Ministry of Energy, Ghana, Sonangol E.P., Ministry of Mines, Industry and Technological Development (MINMIDT) , Cameroon, Liberia Petroleum Regulatory Authority (LPRA), National Oil Company of Liberia (NOCAL), TotalEnergies, PetroNor E&P Ltd (formerly African Petroleum Corp), Nigerian-British Chamber of Commerce, the West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria) is committed to gathering the most related players for the hottest topics and projects, and to building a comprehensive platform for information sharing, highly-level communication, and best practices showcasing.
To Be Speaker To Be Sponsor To Be Exhibitor
If you have ideas for further communication and interaction for the Offshore WA - West Africa Offshore Upstream Conference 2023 (December 5-6th, Abuja, Nigeria), please feel free to reply to the email, or email me (lillianl@ltsinnovate.com) or register your interest.
LTS Innovate gathers professional and passionate talents to comprehensively investigate the underlying logic and hot trends of the industry and provide valuable first-hand information for senior professionals in Fortune 500 enterprises. We are aiming to create an experience sharing platform for experts, governments, associations, leading and unicorn companies in the global industry chain with outstanding ideas and technologies, and promote scientific and technological academic exchanges and business development worldwide.