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Gov. Sule counsels FG to leverage nation’s gas reserves to address challenges

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Gov. Sule counsels FG to leverage nation’s gas reserves to address challenges

By Emmanuella Anokam

Nasarawa State Governor Abdullahi Sule said on Thursday that the country’s main challenges and problems could be solved with its gas reserves.

Governor Sule said this in Abuja at the 6th Petroleum Resources Department (DPR) Triennial Branch Delegate Conference / Award PENGASSAN, under the theme: “Petroleum Industry Law (PIA) – Prospects for the Nigerian oil and gas industry ”.

The governor said Nigeria is a gas country with oil, based on the volume of its gas reserves.

“When I worked for an oil and gas company in the past we used to classify Nigeria among the various oil and gas nations, we saw Nigeria as a gas country with oil.

“With over 200 trillion standard cubic feet of gas available to us, Nigeria is indeed a gas country. And for those who know the industry, if we develop gas alone, even without the 40 million barrels of oil we have, gas will be enough to support Nigeria.

“All the problems of electricity, fertilizers, the challenges that we have in agriculture will be easily solved with the gas reserve we have.

“I want PENGASSAN to promote gas because many countries have survived on gas; it was gas that made Qatar what it is today, not oil.

“So this is the opportunity that we have that we have to develop, if we are to survive as a nation,” Sule said.

Mr. Sarki Auwalu, CEO of the Department of Petroleum Resources (DPR), who was the main host of the conference, said the focus on the PIA was to highlight the importance of the law for the oil and gas sector. .

Auwalu also said that PIA will reorganize the oil and gas industry and ultimately put the country on the path to greatness.

Mr. Sarki Auwalu

“The theme of this conference is further testimony to the essential role played by constructive trade unionism in national development, the oil industry in particular.

“You will agree with me that President Muhammadu Buhari has achieved a monumental feat in advancing Nigeria’s oil and gas industry.

“This was made possible by signing the PIB into a law and it took us 20 years to realize this legacy; President Buhari deserves applause.

“Despite the fact that we are going to net zero, I think the PIA is focused on the future and we will see how that future will be secured when it comes to environmental awareness.

“I believe that the PIA will secure the future of our children and grandchildren,” said Auwalu.

He called for closer collaboration between PENGASSAN and the DPR, especially with regard to the implementation of the PIA, so that the oil and gas industry continues to thrive.

PENGASSAN President, Mr. Festus Osifo regretted that the PIB was promulgated by President Buhari with some errors, but noted that it could be subject to modifications to have some of the errors removed.

Mr. Osifo Festus

“The only catch we have today is that we channel our energy into producing crude oil reserves; If we continue as we are today, which is 2 million barrels a day and about 37 million barrels of reserve, it will take us years to move forward.

“We should be thinking about how to speed up to ensure that the production of 2 million barrels increases to 3 or 4 million barrels.

“If we don’t do it quickly, we’re going to be trapped in the energy transition or fall into the web of what happened to our coal. Today, the coal is trapped in the ground and no one is interested.

“We have to develop the capacity to translate these desires into daily production and in order to do that, we have to attract investment broadly. And we are happy with the part of PIA which talks about royalties, hydrocarbons and all that.

“So the incentive for investment is actually there,” Osifo said.

Mr. Owan Abua, Branch President, DPR PENGASSAN branch, noted that the union did not fully agree with the PIA submissions, but that it was better to have a working document that can be amended along the line if necessary, than not to have the bill not passed.

He expressed the hope that the PIA would guarantee job security in the industry, which was the main objective of the union.

The Nigeria News Agency reports that the conference ended with an awards dinner / evening, which saw Governor Nasarawa Sule and others recognized for their meritorious service.

Source: NAN

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