Align operations, investments with PIA framework for efficiency

Philip Daniel Yatai
Apr, Fri, 2025

Oil & Gas

Align operations, investments with PIA framework for efficiency – SPE

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By Emmanuella Anokam

The Society of Petroleum Engineers (SPE), Nigeria Council, has underscored the need to align operations and investments within the Petroleum Industry Act (PIA 2021) framework, to ensure the sector’s transparency, efficiency and investors’ confidence.

Dr Amina Danmadami, Chairman SPE, Nigeria Council, made this known on Thursday in Abuja at its 2025 edition of the Oloibiri Lecture Series and Energy Forum (OLEF).

The OLEF, with the theme as “Driving Energy Sustainability Through Technology, Policy and Supply Chain Excellence” was hosted by the Petroleum Technology Development Fund (PTDF).

Danmadami who reaffirmed their commitment towards ensuring that Nigeria’s oil and gas sector remained future-proof, competitive and sustainable, described the implementation of the PIA as a landmark reform.

“The path to sustainability in our context is not one of displacement, but one of optimisation, leveraging technology to drive efficiency, tightening our supply chains and creating enabling policies to enhance sector resilience.

“Technology, whether through digital oilfields, reservoir optimisation, AI-based predictive maintenance or enhanced recovery techniques, continues to be a powerful enabler.

“With the right investments and strategic partnerships, these innovations can significantly improve productivity, reduce environmental impact and enhance asset integrity,” she said.

She emphasised the need for a robust supply chain for cost competitiveness and business continuity in the oil and gas industry, adding that the supply chain excellence must be a strategic priority.

“From local content development to procurement integrity and logistics optimisation, a robust supply chain is vital for cost competitiveness and business continuity.”

Also speaking, the Executive Secretary of PTDF, Mr Ahmed Aminu, represented by Ifeoma Nwokeike, General Manager, Projects, PTDF, assured of robust partnership in advancing critical programmes and initiatives in the Oil and Gas sector

Aminu said since 2015, PTDF had remained a consistent supporter of the OLEF, recognising its strategic value as a platform for policy dialogue, stakeholder engagement and forward-thinking discourse on energy development in Nigeria and Sub-Saharan Africa.

“The annual lecture series, commemorating the historic 1956 oil discovery at Oloibiri, represents more than a celebration of our petroleum legacy.

“It reflects our collective aspirations for sustainable energy growth through innovation, strategic partnerships, and capacity building.

“As the agency mandated to build human and institutional capacity for Nigeria’s oil and gas industry, we understand the critical interplay between robust policy, technological advancement and supply chain resilience in achieving energy security.

“PTDF remains committed to supporting initiatives like OLEF that drive innovation, empower professionals and shape policies that will define the future of energy in Nigeria,” he added. (NAN)

Edited by Emmanuel Afonne

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