As international oil companies (IOCs) increasingly shift their operations to deep offshore locations, Nigeria’s oil and gas landscape is witnessing a surge in local ownership and strategic investments.
The ongoing divestment from onshore assets has sparked significant changes in the industry, creating unprecedented opportunities for indigenous companies to take on a greater role in the transformation of the energy sector.
Recently, the federal government announced that Nigeria has attracted over $8 billion in Final Investment Decisions (FIDs) for deep water oil and gas projects in under one year.
This milestone underscores the positive impact of presidential directives aimed at removing long-standing bottlenecks and creating a more enabling environment for investment in the sector.
Speaking on what stakeholders should expect at NOG Energy Week 2025, Wemimo Oyelana, Country Director – Nigeria & Portfolio Director – Energy for dmg Nigeria events, emphasised, “For over 25 years, NOG Energy Week has provided a trusted platform where industry leaders come together to have honest conversations and collaborate on solutions that move the sector forward.
This year, the focus is on some of the most pressing issues shaping the future of Nigeria’s energy industry, from attracting international and regional funding to positioning natural gas as the transition fuel of choice. It also includes addressing the challenges impacting oil and gas production, exploring the role of industrialisation in driving economic growth. The goal is clear: to shape policy, inspire innovation, and attract sustainable investment that will transform the industry for the better.’’
