Oil & Energy
NAE, PETAN Partner On Local Content Dev.
As part of the efforts to pro
mote the creation of growth opportunities for indigenous entrepreneurs and develop local professional skills towards technology transfer in the oil and gas industry, the Nigerian Agip Exploration (NAE) and Petroleum Technology Association of Nigeria (PETAN) have signed a memorandum of understanding (M0U) to enhance the implementation of the Nigerian Oil and Gas Industry Content-Development (NOGICD) Act.
NOGICD, The Tide reports, is the quantum of composite value added to the economy by a systematic development of capacity and capabilities, through the deliberate utilization of Nigerian human, material resources and services, as well as act as a legal tool to ensure compliance by stakeholders in the oil and gas sector.
The M.o.U between NAE and PETAN which was signed last Thursday by NAE Vice Chairman/Managing Director, Massimo Insulla, and the chairman PETAN, Engr Emeka Ene, during the Vendor gap closure opportunities engagement/exhibition, organised by NAE in Port Harcourt, was witnessed by the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), who was represented by Manager, Monitoring Evaluation, Dr. Johnson Olajuyigbe and supervised by the chairman House of Representatives Committee on Local Content, Honourable Asita o Asita.
In his remarks, the chairman House Committee on Local Content, Honourable Asita, charged indigenous companies to fully utilise the opportunities provided in the Act, aimed at encouraging indigenous participation in the activities of the oil industry.
He opined that local contractors and vendors should equip themselves with proper skills and technical-know-how required to key into the system, noting that effective and successful utilization of Nigerian Human, material resources and services remains the primary focus of the Act.
The NAE Vice Chairman/Managing Director, Masimo Insulla, in his address, said the forum was aimed at promoting collaborative efforts towards in-country Nigeria content gap closures and capacity development initiatives and with a view to create value for stakeholders as well as contribute to economic sustainability of the country.
He enjoined operators to give full and effective support to technology transfer by encouraging and development of licensing agreements between Nigerian and foreign contractors and service supply companies.
In his speech, the chairman PETAN, Engr Emeka Ene, said membership of PETAN are growing in number and have created over 20,000 direct and indirect jobs.
He posited that now that the gaps have been identified it behoves on stakeholders to improve on their strength and capabilities so as to meet the necessary requirements needed to flow with the trend.
High light of the engagement was exhibition of equipment and wares by over 50 companies that participated.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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