Nigeria 2015 Launch

Nigeria

Energy report The Oil & Gas Year Nigeria 2015 was launched at Eko Hotel in Lagos, Nigeria on August 4, 2015.

Energy report The Oil & Gas Year Nigeria 2015 was launched at Eko Hotel in Lagos, Nigeria on August 4, 2015.

The Oil & Gas Year Nigeria 2015 places special focus on the rise of indigenous integrated companies and the impact of the Local Content Act on the on the country’s oil and gas industry.

The book also emphasises the issues faced by Nigeria in a period of low oil prices, and as the country is expected to reform its public oil company and rethink its fiscal and legislative framework following the successful change of presidential administration in March 2015.

The Oil & Gas Year is published by Wildcat International, with its fourth edition in Nigeria produced in collaboration with the Department of Petroleum Resources, Nigerian Content Development and Monitoring Board, and Oando Group.

At the ceremony, The Oil & Gas Year team distributed six awards. President Muhammadu Buhari was selected as the Person of the Year for his plans to revamp Nigeria’s hydrocarbons industry by implementing structural reforms in the country’s institutions and fiscal regimes.

The Engineering Project of the Year was presented to a consortium led by the National Engineering and Technical Company, which also includes DeltaAfrik Engineering and International Energy Services. The group will be responsible for the design and engineering of the topside process modules for the Egina project’s floating production, storage and offloading facility.

Nigerian integrated company Aiteo Group was given the Deal of the Year award for its acquisition of Shell, Total and Eni’s 45-percent stake in oil mining licence 29 and the 100-kilometre Nembe Creek Trunk Line pipeline for an estimated $2.5 billion.

The Upstream Company of the Year was given to marginal field producer Midwestern Oil & Gas for completing the construction of the 51-kilometre Umugini pipeline.

For achieving a turnover of more than $700 million in 2014 and contributing to the country’s Gas Master Plan in 2014 through its projects, Nigerian engineering services company Makon Group was presented the Local Content Performer of the Year award.

The award for Financial Institution of the Year was given to the Nigeria Stock Exchange for its role in supporting the $500-million initial public offering of Nigerian independent hydrocarbons company Seplat Petroleum in April 2014, the first-ever dual listing to take place between the Nigerian and London Stock Exchanges.

The Oil & Gas Year is the flagship title of Wildcat International, a publisher of business intelligence resources. The Oil & Gas Year produces yearly annual executive books and events on more than 33 petroleum provinces that are critical business tools for energy investors, highlighting and promoting key actors and opportunities. Global circulation to a readership of 69,000 readers in 101 countries is audited by BPA Worldwide.