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Dreg Waters attends Africa Oil Week – Day 1 Review

Dreg Media Team 0

Dreg Waters Petroleum and Logistics is proud to share with you some updates for the 24th Africa Oil Week holding at Cape Town, South Africa. Below are some summary of few speakers that came up today Monday, October 23, 2017.

Energy as an Enabler for Africa’s Economic Growth

Austin Avuru MD Seplat ~ Dreg Waters Petroleum and Logistics~ Keynote address by Austin Avuru, Managing Director, Seplat Petroleum Development Company Plc.

Brief Summary

  1. Oil and gas accounts for 80% of Nigeria’s GDP therefore gas consumption is increasing, however Nigeria is realigning to secure domestic energy.
  2. Seplat is actively involved in gas and they are strategically positioned to meet Nigeria’s gas to power needs.
  3. He recommended movement of refining capacity to be major producers of gas for supply of power.
  4. He recommended more pipeline distribution network and security against vandalism

Local content success and failure in Nigeria.

Engr. Simbi Kesiye Wabote ~ Dreg Waters ~ Delivered by Engr. Simbi Kesiye Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board

Brief Summary

  1. Local content is not a sprint race rather it is a marathon race. Therefore is regarded as a journey that takes time but beneficial to both parties.
  2. Local content is an existential imperative for the people which guarantees a security of supply.
  3. The focus of local content in Nigeria is not ‘Nigerianisation of the oil and gas sector but ‘Domiciliation and Domestication of value added services.

Finally, we encourage you to pick up a copy each of the newest editions of Africa Oil and Gas Report and Orient Energy Magazines to check out our details, as published by the magazines

At Dreg Waters Petroleum and Logistics, we pride ourselves in ensuring that we deliver excellent and timely maritime services to all our clients. We make it our duty to remove all obstacles our clients may encounter by taking full responsibility of delivering all the services they may require.

We look forward to doing business with you.

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