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O.B. LULU-BRIGGS CHAIR FOR PETROLEUM GEOSCIENCES UNIVERSITY OF PORT HARCOURT. Presents. ROUNDTABLE ON PETROLEUM EXPLORATION, DEVELOPMENT AND PRODUCTION. Sustaining Investments and Reserves in the Face of Growing Challenges. Possible Strategies for Independents to Combat
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O.B. LULU-BRIGGS CHAIR FOR PETROLEUM GEOSCIENCES UNIVERSITY OF PORT HARCOURT Presents ROUNDTABLE ON PETROLEUM EXPLORATION, DEVELOPMENT AND PRODUCTION SustainingInvestments and Reserves in the Face of Growing Challenges PossibleStrategies for Independents to Combat Financing Challenges and Oil Theft By Pedro Egbe
Petroleum Technology Association of Nigeria (PETAN) MODEL • Bank Loan not an option • Company provide Services and Amortize Services • Stock Market • Foreign Investors
Niger Delta Energy Corridor ….Connecting People, Industry and Environment • “Processing the Region’s Hydrocarbon Resources where they are produced to create wealth and industrialization, because no nation can prosper with only exportation of her raw materials” • Strategies: • Grant Licenses for use of dormant hydrocarbon assets (marginal or dormant oil and gas wells), to establish private sectors driven Industrial Clusters; targeting 5 million new jobs within 8 years. • Promote prosperity by building Infrastructures (railroads & transit stations, highways, seaports, jetties, power, water, new cities etc.) charged to industries’ capital expenditures as trade-offs for industrialization of the region.