Africa’s largest umbrella organization for petroleum geologists is taking a break from sharing technical case histories for a symposium on how E&P companies can stay afloat in the current low price regime.For the August 2015 edition of its monthly technical meeting, the 7,000 strong NAPE- Nigerian Association of Petroleum Explorationists- has invited Funmilola Oketogun, head of corporate banking at the local lender Skye Bank, to lead a conversation around Financial Solutions for Nigerian E&P Independents.
Oketogun’s paper will be followed by a roundtable discussion by four of the industry’s top experts, including Cyril Odu, former Executive Vice Chairman at ExxonMobil who is currently a partner at African Capital Alliance; Layi Fatona, Managing Director of Niger Delta Petroleum, operator of the country’s first formally designated marginal field; Charles Odita, CEO of Midwestern Oil and Gas, operator of the country’s largest marginal field ; Bayo Ojulari, development director at Shell Nigeria; Ado Oseragbaje, Group Managing Director of Schlumberger Nigeria and Sanni Hassan, Assistant Director in Charge of Nigerian independents at the Department of Petroleum Resources, the industry’s regulatory agency.
“It is imperative for NAPE to keep availing its members the opportunity of seeing beyond the reservoir maps”, says Nosa Omorodion, President of the association. “A geoscientist can only keep himself employed at the workstation in these times if he has a depth-of- field insight into the industry”.
Omorodion, whose daytime job is Director, Nigerian independents, at Schlumberger, says that Skye Bank was chosen for this specific technical-business meeting because it has shown itself as the leading lender for Nigerian independents.
The event is scheduled for Wednesday, August 26, at the Grand Ball Room of the Eko Hotel and Suites, in Lagos, Nigeria.