Reports

Nigeria Special Edition: Crisis and Resilience in the Covid-19 Era

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The Energy Year is pleased to share our very first special digital report dedicated to Nigeria, under the theme of Crisis and Resilience in the Covid-19 Era. This online edition details the strategies industry stakeholders have put in place to navigate the effects of the coronavirus pandemic and oil price collapse, adapt to a new normal, keep their facilities and businesses operating and, most importantly, offer maximum protection to employees and collaborators.

“The Covid-19 pandemic has really opened the eyes of all industry stakeholders and we have all been forced to do things differently.” 

Minister of State for Petroleum Resources Chief Timipre Marlin Sylva 

While Nigeria adapts to uncertain times, this special report highlights the many milestones the country has achieved throughout these difficult recent months, including the signing of the Train 7 EPC deal for the Bonny Island LNG complex, the historic launch of the country’s marginal fields bid round and the start of the AKK gas pipeline project, among others.

The Energy Year wishes to express its strong support for all of the critical tasks carried out by the Ministry of Petroleum Resources, Department of Petroleum Resources and Nigerian Content Development and Monitoring Board, and all other government agencies, to manage a crisis of an unprecedented nature and impact. Through this edition, we salute the initiatives introduced by Nigerian leaders to navigate the new economic landscape and help the country emerge from this period into a sustainable future.

We would like to give our heartfelt thanks to each and every contributor to this special report for their support in showcasing the country’s resilience and helping to build its sustainable energy future.

We trust you will enjoy reading this edition, as well as our soon-to-be-released special digital editions of the Crisis and Resilience in the Covid-19 Era series on Abu Dhabi, Kuwait, Qatar and Indonesia. For any questions, don’t hesitate to reach out to us at info@theenergyyear.com.

Stay safe and well!

The Energy Year team

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In this report

  • Petroleum minister Nigeria to restore oil output and grow in gas H.E. Chief Timipre Marlin SYLVA A time to rise in Nigeria

    Chief Timipre Marlin SYLVA

    Minister of State for Petroleum Resources

    FEDERAL REPUBLIC OF NIGERIA

    It is time for Nigeria to position itself as the strongest oil and gas investment destination in Africa.
  • Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Nigeria’s strength in the storm

    Engr. Simbi WABOTE

    Executive Secretary

    NCDMB

    Indigenous players must be ready to capitalise on new opportunities and fill in the gaps left behind by internationals.
  • Souheil ABBOUD Managing Director VFUELS Decentralised solutions in demand

    Souheil ABBOUD

    Managing Director

    VFUELS

    We believe that the demand will expand as the low oil price coupled with the lack of storage capacity is pushing people to refine more.
  • Confidence in Nigeria’s future

    Mauro BARTEZZATI

    Managing Director

    ELPER OILFIELD ENGINEERING

    Nigeria will be one of the best investment destinations in the post-Covid-19 era.
  • Ado Oseragbaje the sub-Saharan Africa vice-president of Baker Hughes New energy dynamics for Nigeria

    Ado OSERAGBAJE

    Vice-President for Sub-Saharan Africa

    BAKER HUGHES

    Operators who want to continue to operate safely must explore technologies like remote operations.
  • Yemi GBADAMOSI Built for challenges

    Yemi GBADAMOSI

    CEO

    TAG ENERGY

    The general belief is that crude will stabilise between USD 40-50 per barrel by the end of the year.
  • Dimeji BASSIR In trying times, look to align

    Dimeji BASSIR

    CEO

    Ofserv

    We need to align and seek out existing opportunities to challenge certain legacy practices through a fundamental shift in operating philosophy.

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