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Kusamotu & Kusamotu Senior Associate speaks at the Africa Oil and Power Conference in Cape Town, South Africa

The Africa Oil and Power Conference, Africa’s elite event for energy investment and policy in Africa, took place at the International Conference Centre, Cape Town from June 5 to June 7, 2017; and was well attended by ministers and top governments officers in the energy sector from African countries as well as oil and gas professionals from around the world. This year, the theme of the conference centred on the oil and gas industry anticipating a market recovery and how companies and governments can position themselves for the resurgence. The high point of the day 2 of the Conference was the Spotlight on Nigerian Market with a panel discussion consisting of Kusamotu & Kusamotu’s Senior Associate, ‘Dayo Adamolekun; CEO of International Energy Services, Dr. Fawibe, MD DeltaTek Engineering, Mr. Akin Odunmakinde, and the CEO of Heyden Petroleum, Mr. Dapo Abiodun. The Moderator was Nick De Blocq, formerly of Schlumberger. In the main, the panellists answered questions on E & P in 2017, gas to power, power reform, and regional expansion. The panellists also noted the recent passage of a part of the Petroleum Industry and Governance Bill (PIGB) and discussed issues surrounding the gas pricing mechanism in Nigeria, including the issue of indexation as a means of dealing with currency exchange problems which affect the price of gas. The privatisation of the power sector was also discussed and the consensus was that the privatisation of the power sector has not been a successful experience in Nigeria, as a lot still need to be done. Click here to view some of the pictures at the event.