Director of Nigeria’s DPR speaks on upstream progress, gas-to-power

Mordecai Ladan, the director of the Department of Petroleum Resources (DPR), talks to TOGY about, about the increasing capacity of Nigeria’s oil and gas industry, the entrance of local companies into the upstream sector and government reforms to hydrocarbons policy. The DPR oversees the activities of petroleum companies awarded licences in Nigeria.

• On Nigeria‘s downstream: “The inclusion of energy self-sufficiency as one of the critical enablers of the Economic Recovery and Growth Plan reinforced the strategic importance of downstream sector optimisation to facilitate efficient supply, distribution and sustainable availability of petroleum products.”

• On gas to power: “The focus on energy self-sufficiency also re-echoed the dire need to enhance gas supply to the domestic market to facilitate linkage with other sectors of the economy such as power and manufacturing to enhance sectoral GDP contribution and facilitate economic diversification for sustainable development.”

• On indigenous upstream companies: “It has been a successful initiative that contributed in developing the technical capability of Nigerians to run upstream businesses. It is delightful to state that today, we have about 14 marginal field producers that have commenced production and are at various stages of ramping up production.”

• On risks: “The uncertain certain nature of oil price movement is the biggest risk the industry is facing, in addition to disruptive technology issues. Changing energy policy of consuming nations and the renewed role of the US as a leading producer are some of the risks associated with oil and gas production.”

Source: TOGY



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