The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil and gas industry leaders to participate in the maiden edition of Nigeria International Petroleum Summit (NIPS), e360 has learnt.
Dr Barkindo, a Nigerian, was formerly the Group Managing Director of State owned oil company, the Nigerian National Petroleum Corporation (NNPC). Mr Barkindo was officially appointed to the post for a three-year term at OPEC’s 169th Meeting of the Conference on 2 June 2016 in Vienna.
Nigeria’s Minister of State for Petroleum Resources, Dr Ibe Kachikwu, stated Thursday, in Abuja, that the summit, which is patterned after the annual Offshore Technology Conference (OTC) which holds in Houston, Texas, is designed to attract new investments and showcase the latest technologies that could be adopted for the upstream, midstream and downstream sectors to ensure cost management in the Nigerian oil and gas industry.
The maiden edition of the NIPS is scheduled to hold from 18th to 22nd February, 2018. Vice President Yemi Osinbajo is expected to declare the summit open on February 19th. “It would provide a veritable platform for the international oil companies and other relevant stakeholders to brainstorm on ways to move the Nigerian petroleum sector forward,” Dr Kachikwu said.
Nigeria he said, is endowed with a lot of requisite skill sets that contributed enormously to the actualization of the Egina Floating Production and Storage Offloading (FPSO) facility which, according to him, is the largest FPSO ever installed in Nigeria.
The summit which would be an annual event is being held at the instance of the Nigerian Ministry of Petroleum Resources with the collaboration of all the Departments and Agencies under it.