"Diversify transportation of petroleum products now,” Heritage Energy’s GM challenges operators

Photo caption from right: Moderator, Revd. Sola Adebawo, GM, Government, Joint Venture and External Relations, Heritage Energy; Engineer Oluseyi Afolabi, Principal Consultant & Chief Executive Officer, Reservoir & Facilities Solutions Ltd; Babafemi Onasanya,  General Manager, Subsurface, Oando Energy Resources; Dr Goodluck Enimakpokpo, the Major Strategic Accounts, Nigeria & Anglophone WA GE Venoa; Gbite Falade, MD/CEO, Aradel Holdings and Ogbugo Kalu Ukoha, Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) during a panel session at the Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum Engineers (Nigeria council), on Tuesday, 6th August, 2024, in Lagos.

Photo caption: Revd. Sola Adebawo, GM, Government, Joint Venture and External Relations, Heritage Energy moderating a panel session at the Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum Engineers (Nigeria council), on Tuesday, 6th August, 2024, in Lagos.

“98% of refined petroleum products within Nigeria are moved by road transportation, leading to high cost per unit volume and safety concerns.” “There’s need to find a solution to this,” says Sola Adebawo, Heritage Energy’s General Manager, Government Joint Ventures and External Relations.

Sola said this during a panel session, which he moderated, at the Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum Engineers (Nigeria council), on Tuesday, 6th August, 2024, in Lagos.

Photo caption: Revd. Sola Adebawo, GM, Government, Joint Venture and External Relations, Heritage Energy, who moderated a panel discussion,  receiving a plaque from  Salahudeen Tahir, Nigerian Council Chairman of the Society of Petroleum Engineers.

The panel, which was entitled: Unlocking upstream value: developing markets, trade access and facilitating partnerships in the midstream and downstream, featured seasoned industry professionals. These included Engineer Oluseyi Afolabi, Principal Consultant & Chief Executive Officer, Reservoir & Facilities Solutions Ltd; Babafemi Onasanya;  General Manager, Subsurface, Oando Energy Resources; Dr Goodluck Enimakpokpo, the Major Strategic Accounts, Nigeria & Anglophone WA GE Venoa; Gbite Falade, MD/CEO, Aradel Holdings and Ogbugo Kalu Ukoha, Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Photo caption from left: Prince Jeremiah Oharisi, Head Community Relations; Soibitem West, Technical Assistant to Operations Director; Revd. Sola Adebawo, GM, Government, Joint Venture and External Relations (Holding a plaque presented to him for moderating a panel discussion); Lola Oyenekan, Team Lead Corporate Communications and Kayode Adeboye, Corporate Communications Manager, all of Heritage Energy,  at the Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum Engineers (Nigeria council), on Tuesday, 6th August, 2024, in Lagos.

The panellists examined the crucial role of regulatory frameworks in fostering market access within the oil and gas value chain, analysed policies that streamline trade, incentivize partnerships, and cultivate an environment conducive to market growth.

The panellists also analysed how regulatory frameworks act as dynamic enablers, promoting not only efficient trade practices but also strategic partnerships. Solutions were proffered to the challenge of attracting capital market to the regional market integration framework and that of sustainability across the value chain.