NAPE seeks increased investment in energy sector

The Nigerian Association of Petroleum Explorationists has called for an urgent need to increase investments in the nation’s oil and gas sector.

According to NAPE, capital investment and deal-making are more crucial than ever in the nation’s quest to make more geological discoveries and explore more exploration opportunities.

In a statement signed by NAPE President Johnbosco Uche, the association announced Nigeria’s participation in the Africa Oil Week scheduled for September 15 in Ghana, saying NAPE is at the forefront of exploration and screening new ventures for geological discoveries.

He said, “As one of Africa’s largest communities of upstream professionals, NAPE is at the forefront of exploration, screening new ventures, and uncovering world-class geological plays.

“We are not only boosting production but also unveiling new geological frontiers that will redefine global perspectives on the Niger Delta.

“At AOW 2025, we will showcase some of Nigeria’s most exciting geological discoveries and exploration opportunities.”

The statement noted that the Nigerian upstream is witnessing renewed momentum, adding that the anticipation surrounding the country’s growing presence at AOW 2025 is at an all-time high.

He said NAPE has always regarded AOW as a cornerstone event for Africa’s upstream community, pointing out that the unprecedented level of interest from Nigerian stakeholders is a clear indicator that this year’s event will be transformative for the oil and gas industry.

He also announced its strategic alliance with the European Association of Geoscientists & Engineers to develop an unparalleled programme spotlighting Nigeria’s thriving upstream sector at the Ghana fair.

On his part, the Vice President of AOW Energy, Paul Sinclair, underscored the significance of this new alliance, saying, “This partnership marks a milestone for the region as AOW refocuses on the exploration and production phase of the oil and gas sector.

“With Nigeria and Ghana ramping up production, the need for capital investment and deal-making is more crucial than ever.”

The newly appointed Chief Executive Officer of Ghana National Petroleum Corporation was said to have emphasised the country’s commitment to hosting an elite gathering of African energy leaders, saying that “GNPC is fully committed to welcoming all national oil company chief executive officers.”