HEOSL CEO, Oseragbaje Tasks Stakeholders To Redefine Nigeria’s Energy Transition

The Chief Executive Officer of Heritage Energy Operational Services Limited (HEOSL), Mr. Ado Oseragbaje, has enjoined stakeholders in the energy industry to consider effectively defining the Nigerian narrative on the energy transition, with focus on energy security, financial and production sustainability.

Oseragbaje spoke on Thursday at the strategic international conference of the Association of Energy Correspondents of Nigeria ongoing in Lagos.

www.bigpenngr.com reports that the conference with the theme; “Energy Transition: Shaping the future of Nigeria’s energy industry, ’An appraisal of PIA, Evolving Benefits and Challenges”, which is a reflective of the most topical subjects in the industry today, is sponsored by HEOSL as part of efforts to create a platform for industry engagements.

Oseragbaje, in an open remarks, said that stakeholders must fashion out modalities to address the security issues affecting the productivity of the industry.

Besides, he enjoined participants at the conference to explore the roles each stakeholder could play in making a success of the statutory provision in the PIA for the benefit of all.

“It is my pleasure to welcome you to this Strategic International Conference of the Association of Energy Correspondents of Nigeria (NAEC). Historically, this conference has provided an annual platform for leaders in the energy industry, policy makers, regulators, and other key stakeholders in the industry to converge and exchange thoughts on critical matters affecting the industry as well as evolving effective ideas for advancing the development of our important industry”.

He said that as the world seeks to transition to net zero emission in 2050, the Nigeria energy industry must continue to engage to identify its place in the global scheme of things.

The HEOSL boss however noted that conversation of energy transition has many faces for Nigeria including “transitioning from one form of energy to a cleaner form, transition from one form of industry governance to another, transitioning from one fiscal regime to another as well as the key issue of transitioning from one form of stakeholder engagement paradigm to another as represented by the statutory provisions of the Petroleum Industry Act of 2021.

“As Africa’s largest economy and the 6^th largest exporter of crude oil in the world, we cannot over discuss these subjects that portend significant implications for the industry which is the mainstay of our economy”, he added.

Oseragbaje thanked the organizers as well as all participants at the conference from their time commitment, and wished them a productive deliberations.

HEOSL is the operator of the OML 30 Joint Venture between the NNPC E &P Limited and Shoreline Natural Resources Limited, a prolific asset with huge potentials for contributing to the nation’s daily oil and gas output.