Mr. Ado Oseragbaje, CEO Heritage Energy
Addressing Energy Correspondents at the strategic international conference of the Association of Energy Correspondents of Nigeria also known as NAEC, during his opening remarks, the Chief Executive Officer (CEO) of Heritage Oil Limited and Heritage Operational Services Limited (HEOSL), Ado Oseragbaje, said the conference provided an annual platform for leaders in the energy industry, policy makers, regulators, and other key stakeholders in the industry.
It gives an avenue for stakeholders to converge and exchange thoughts on critical matters affecting the industry as well as evolving effective ideas for advancing development of the energy sector.
According to Osaragbeje, “This year’s theme; Energy Transition: Shaping the future of Nigeria’s energy industry, ’an appraisal of PIA, Evolving Benefits and Challenges, is reflective of the most topical subjects in the industry today.”
“As the world seeks to transition to net zero emission in 2050, the Nigeria energy industry continues to engage to identify its place in the global scheme of things. The conversation of energy transition has many faces for our country. Transitioning from one form of energy to a cleaner form, transition from one form of industry governance to another, transitioning from one fiscal regime to another as well as the key issue of transitioning from one form of stakeholder engagement paradigm to another as represented by the statutory provisions of the Petroleum Industry Act of 2021.”
The Heritage CEO pointed out that as Africa’s largest economy and the 6th largest exporter of crude oil in the world, stakeholders cannot over discuss these subjects that portend significant implications for the industry which is the mainstay of Nigeria economy.
“At Heritage Energy Operational Services Limited (HEOSL), we are helping to create a platform for these important industry engagements by our sponsorship of this conference.
HEOSL is the operator of the OML 30 Joint Venture between the NNPC E &P Limited and Shoreline Natural Resources Limited, a prolific asset with huge potentials for contributing to the nation’s daily oil and gas output.”
Thus, “As we proceed with the various sessions at this conference, I encourage you all to consider effectively defining the Nigerian narrative on the energy transition, with focus on energy security, financial and production sustainability as well as how to address the security issues affecting the productivity of the industry. I also encourage you to explore the roles each stakeholder could play in making a success of the statutory provision in the PIA for the benefit of all.”
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