Any Market for Nigerian Crude in the Next 20 Years?

An industry lecture to tackle the question of marketability of Nigerian crude, in the long term, will be delivered this morning May 30, 2019 at the Eko Hotel in Lagos.

A day after the inauguration of a new government in the country, after one of the most heated elections in 20 years, Bayo Akinpelu, industry veteran, will be addressing both professionals in the sector, as well as the general public, on the production, management and handling of Nigeria’s oil resources, in the context of the growing oil reserves around Africa.

Will the World Need Nigeria’s Oil in the Future?, his paper will ask. The talk is scheduled for 10.30am.It is open.

“My concerns about marketability of Nigeria’s crude has little to do with the rise of renewable energy and the challenges posed to the combustion engine”, Akinpelu explained over a telephone conversation.He wouldn’t allow spoilers, but he gave this much out: “How has Nigeria fared in the geopolitics of oil?”

Akinpelu, who flew into town from Houston, Texas, United States for the lecture, is a founding member and former President of the Nigerian Association of Petroleum Explorationists (NAPE), Africa’s largest body of earth scientists. Heretired from Chevron Nigeria in 2006 as Director –Government Relations with responsibility for representing the company’s business plans and strategic directions to the executive and legislative arms of the Federal government. Before then, he had been general manager for exploration with responsibilities for the company’s programmes in the Niger Delta Shelf, the Deepwater and Inland Basins. He variously held the positions of Development Geology manager, Exploration Evaluation manager and Exploration manager.

The event is the third talk shop in the two week long celebration to mark the 70th birthday anniversary of Layi Fatona, Chief Executive of Niger Delta Exploration and Production(NDEP). It will be chaired by Ben Osuno, former Chairman of NDEP, former Director of the Department of Petroleum Resources, (the Nigerian oil industry regulatory agency) and the first Nigerian earth scientist to be employed by Shell, the AngloDutch major.

The Eko Hotel is located a whistling distance from the south Atlantic ocean in Lagos, the hub of Nigerian commerce.



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