Energy Transition: CEO of HEOSL, Oseragbaje urges stakeholders to explore roles in the PIA

The Chief Executive Officer of Heritage Oil Limited and Heritage Operational Services Limited, HEOSL, Ado Oseragbaje, has urged stakeholders to explore the roles they could play in making a success of the statutory provision in the Petroleum Industry Act, PIA, as it affects the Energy Transition Plan.

Fresh Angle International can report that Ado Oseragbaje, handed down the challenge, Thursday August 25, in his opening remarks, during the Strategic International Conference of the Association of Energy Correspondents of Nigeria, held in Lagos.

The HEOSL Boss, who spoke on the theme: “Energy Transition: Shaping the future of Nigeria’s energy industry, ’An appraisal of PIA, Evolving Benefits and Challenges, is reflective of the most topical subjects in the industry today”, noted: “As the world seeks to transition to net zero emission in 2050, the Nigeria energy industry continues to engage to identify its place in the global scheme of things”.

He stated inter-alia: “The conversation of energy transition has many faces for our country. Transitioning from one form of energy to a cleaner form, transition from one form of industry governance to another, transitioning from one fiscal regime to another as well as the key issue of transitioning from one form of stakeholder engagement paradigm to another as represented by the statutory provisions of the Petroleum Industry Act of 2021.

“As Africa’s largest economy and the 6^th largest exporter of crude oil in the world, we cannot over discuss these subjects that portend significant implications for the industry which is the mainstay of our economy.

“At Heritage Energy Operational Services Limited (HEOSL), we are helping to create a platform for these important industry engagements by our sponsorship of this conference.

“HEOSL is the operator of the OML 30 Joint Venture between the NNPC E &P Limited and Shoreline Natural Resources Limited, a prolific asset with huge potentials for contributing to the nation’s daily oil and gas output.

“As we proceed with the various sessions at this conference, I encourage you all to consider effectively defining the Nigerian narrative on the energy transition, with focus on energy security, financial and production sustainability as well as how to address the security issues affecting the productivity of the industry”.

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