For the umpteenth time, the international oil companies operating in Nigeria have restated their confidence that the advent of the Petroleum Industry Act will trigger an increase in investment inflows and opportunities in the country’s petroleum industry.
The central theme of the four-day event holding both physically and virtually in Yenogoa, Bayelsa State, is, “Driving Nigerian Content in the New Dawn of the Petroleum Industry Act.” He said the Act has paid greater attention to gas, which according to him, is a transition fuel for Nigeria and very critical to the government’s drive to industrialise the nation.
“By 2050, the mix is targeted to be 40 per cent renewable power, 40 per cent gas and 20 per cent liquid products. Out target is to get to Net Zero in all our operations worldwide by 2050. We are committed to this target and working with all our stakeholders, we believe we can deliver cleaner, more affordable, and more available energy to as many people as possible.”