Oil Firm Bags Awards at NAICE 2023 Conference, Beats Top Oil Firms
- An indigenous oil company has bagged two awards at a recently concluded conference
- Green Energy International Limited, operators of Otakikpo OML 11, bagged the awards for first-time exhibitor and most creative exhibitor
- The company said it is implementing cutting-edge innovation to disrupt the oil industry
Green Energy International Limited (GEIL), the operator of Otakikpo Marginal Field” OML 11, has bagged two awards at the just concluded Society of Petroleum Engineers Nigeria Annual International Conference and Exhibition (NAICE 2023).
Themed Balancing Energy Accessibility, Affordability, and Sustainability: Strategic Options for Africa, the conference and exhibition held in Lagos from July 31 to August 2, 2023, bringing industry experts from around the world to discuss the roadmap for Africa’s oil and gas sector.
Source: UGC
Company beats NNPC and Seplat at conference
The awards for Best First-time Exhibitor and Most Innovative Exhibitor were presented to the company due to the high-level innovative exhibition booth the company gave, which had an onshore terminal and export.
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It also has infrastructure currently under construction, a flow station, and an LPG plant, all in 3D models, beating other contenders in the category, including Seplat, NNPC, and SLB.
While receiving the award, the General Manager of Reservoir and Production at Green Energy International Limited, Tamuno Otaji, commended the organizers for the recognition.
Otaji said:
“We are happy to be recognized for the innovative presentation of our work in this industry. In a short time from now, the impact of our strategic drive as a company will be felt in the oil and gas industry on a global scale.”
General Manager, Projects at GEIL, Johnson Akinyemi, noted that the company was pioneering innovative ideas that would benefit the entire sector and country in the long run.
Firm promises to me
He said the company is not a run-off mill oil firm but focused and driven by innovative ideas resulting in a disruption in the oil sector.
He said in the coming months, the oil and gas industry will change via the firm’s innovative projects it is currently implementing to improve sustainability.
The reports say that the company recently commenced the construction of an onshore terminal and export infrastructure, the first by an indigenous E&P company in Nigeria. He said the facility can hold 750,000 barrels of oil at any time and is designed to be expandable to 3 million barrels.
“It Is for the Best” NNPC speaks on fuel price increase to N617 per litre, Lagosians pay less
Legit.ng reports that Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited(NNPCL) has provided an explanation on new fuel prices.
Kyari attributed the increase in fuel price from N540 to N617 per litre to market forces while assuring Nigerians that the policy is for the good of the country.
He also explained that the petrol price will not be stagnant as the country now operates a market-regulated pricing model since the removal of the fuel subsidy.
Source: Legit.ng
