In this era of divestments by the International Oil companies (IOCs) from Nigeria, indigenous energy companies with the right competences and wherewithal are natural partners to government in the quest to harness oil and gas assets, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said.
The Seplat Energy CEO made this assertion at the Nigerian Association of Petroleum Explorationists (NAPE) Divestment Workshop themed, “The Big Sale: Opportunities in the Nigerian Oil & Gas Industry from Asset Divestments” held in Lagos on Thursday.
The event had industry players, regulators, government, financiers, oil servicing companies, sector analysts and the media, amongst others.
Mr. Brown, in his sponsorship presentation dubbed “Our Divestment Opportunities Journey, Lessons Learned, Best Practices and the Success Stories … What’s Next Post Post-Divestment – Vision 2030”, said the IOCs will continue to exit onshore and shallow water terrain of the Niger Delta, noting that the move should be considered as an opportunity for indigenization, and not a negative for Nigeria.
He said indigenous energy companies have a Nigeria investment appetite, and are not looking to leave the country, adding that they understand the country
