NIES: Oilserv, Seplat, Others Advocate Technology Adoption To Close Infrastructural Gap—-Some gas stakeholders have advocated adoption of technologies and access to finance to spur infrastructural development and gas delivery in the country.

The stakeholders spoke on Thursday in Abuja at the ongoing 7th Edition of the Nigeria International Energy Summit (NIES 2024).

The summit, which has the theme: “Navigating the new energy world order: Security, Transition, and Finance,” is holding from Feb. 26 to March 1.

The News Agency of Nigeria (NAN) reports that the session aimed to convey a sense of collaboration, global perspectives and sustainability within decade of gas as it affects gas in power, pipelines and LNG terminals among others.

Speaking during the session, Dr Emeka Okwuosa, Chairman, Group Chief Executive Officer, Oilserv Limited, said financial fundamentals and technological access were imperative to infrastructural development.

According to him, Oilserv has been in the vanguard of oil and gas projects in Nigeria and an active player in the gas transmission and distribution network.

Okwuosa, represented by Mr Nnanna Anyanwu, Managing Director/Ag Group Chief Operating Officer, Oilserv Group, said concerted efforts were needed to harness our gas potential.

“Nigeria does not exist separate from the global environment. We must realise that we are intensely competing with every other country on adoption of technology and access to finance,’’ he said.

He emphasised the need to build both local and international partnership, taking into consideration the technology needed to build desired infrastructure.

In his views, Mr Effiong Okong of Seplat Energy, said in view of the growing population and its forecast, which was projected to have 400 million people by 2050, enhanced technology for decarbonisation became necessary.

He said the demand for gas was massive, adding that major growth of gas would come from Egypt, Mozambique and Nigeria.

He emphasised the need to spur infrastructural development across the gas pipeline projects corridor in the country for gas penetration.

He added that Seplat, which has been operating in the upstream and midstream space, is currently looking at investment in the downstream sector.

According to Mr Daere Akobo, Chairman, Pana Holdings Limited, a nation cannot be developed without technology; it is excess technology that is deployed that gives wealth.

Akobo also advocated deployment of advanced technology for more oil production and closing of infrastructural gaps.

He lauded the Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, on the introduction of new metering policy for dispute resolution and others.