The Petroleum Technology Association of Nigeria (PETAN) has implored African governments to create enabling environments
that will attract massive investments into the oil and gas industry in the continent.
The chairman of PETAN, Mr Nicolas Odinuwe,who advised that such environments should include introducing some key incentives and necessary policies,said the association was willing to collaborate and invest in opportunities across the entire value chain of the oil and gas industry in Africa.
He spoke at the 5th edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) held virtually from 19th – 21st May 2021 with the theme, “Post-Covid-19 from Global Crises to Global Opportunity.”
He added: “PETAN has been able to show that indigenous service companies can deliver. We are also an advocacy group that suggest and guide government decisions such as the Nigerian Content Development & Monitoring Board (NCDMB), Department of Petroleum Resources (DPR), and they also understand that there is a need to interact, dialogue and collaborate to bridge any gap in the industry.
“What has worked for us in Nigeria shows that we have people who see our values. There are lots of values that will be derived when you work with indigenous companies.
“Ultimately, PETAN is fighting for Nigerian entrepreneurs and we will continue to do it and whenever there are new technologies in the oil and gas industry, you will see PETAN companies bringing these technologies into Nigeria.
“We drive the industry in a way that will benefit our people but sometimes it is only government policies that affect the way we operate.
“In Nigeria, we have a petroleum training institute and universities, but the problem is ‘Intra-regional Collaboration. We will continue to create awareness for the industry to reach its full potential.”
