The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is committed to innovation in the oil and gas sector. Mr. Gbenga Komolafe, the Chief Executive of NUPRC, emphasized this during a recent event in Lagos. The conference focused on building a sustainable energy future through technology and policy.
Komolafe pointed out that NUPRC is integrating advanced technologies to enhance both exploration and production processes. This includes strategies for decarbonization and reducing emissions. He stated that their mission goes beyond just enforcing regulations; it aims to provide a stable, forward-looking sector that ensures energy security while being environmentally and economically responsible.
He mentioned that technology is reshaping operations in the industry. NUPRC is working to improve how services are delivered, aiming to cut costs and promote transparency. A resilient supply chain, he added, is crucial for reducing lead times and strengthening national capacity.
A key focus for NUPRC is workforce development. Komolafe highlighted that human capital is the industry’s most valuable asset. Collaborating with educational institutions, they aim to prepare the workforce for a low-carbon future.
Since the Petroleum Industry Act was enacted in 2021, NUPRC has introduced 21 key regulations. These include the Upstream Petroleum Measurement Regulations, which enhance accountability through technology-driven production measurements. The aim is to streamline administration and align operations with both national and global priorities.
Komolafe also discussed initiatives designed to boost industry growth, such as stakeholder forums to develop strategies for marginal field development. He noted that Nigeria recently reached a peak production of 1.8 million barrels per day.
In a digital address, Mr. Bayo Ojulari, CEO of NNPC Limited, urged African nations to take charge of their energy transition. He stressed that this process should be locally driven and collaborative, rather than following externally imposed models. Ojulari highlighted the need for innovation, citing technologies like carbon capture and smart grids as critical to ensuring a balanced energy access for all.
He also pointed out the importance of attracting investments by improving the business environment. Africa, he said, must leverage hydrocarbons to fund initiatives in renewable energy and infrastructure development. Finally, Ojulari called for greater investment in education, particularly in STEM fields, to prepare the youth for future challenges.
In summary, the oil and gas sector in Nigeria is at a crossroads. With a strong focus on innovation, sustainability, and human capital, NUPRC and NNPC are seeking to build a resilient, forward-looking energy future for Africa. The dialogues happening today are not just about regulations and technology; they’re about shaping a sustainable future that includes everyone.
For more insights on the ongoing transformation in the oil and gas sector, you can check this report from the International Energy Agency.
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Bashir Bayo Ojulari,Energy future,Gbenga Komolafe,Nigeria National Petroleum Company Ltd. (NNPC Ltd),Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
