Dumo Lulu Briggs Calls For Faithful Implementation Of Nigeria Energy Transition Plans
The chairman of Platforms Petroleum Limited, the 2023 Rivers State Accord Governorship candidate, Chief Dumo Lulu-Briggs has called for faithful implementation of the Nigerian Energy Transition Plans.
This he said at the 2023 Offshore Technology Conference, Houston, Texas on a panel session on Energy Transition in Africa, where he delivered a keynote speech.
Chief Dumo Lulu Briggs said that Transitions will help the energy market constantly evolve, driven by advancement in technology, government policy, resource depletion, scarcity, and most critically, sustainability.
His keynote speech reads in part below:
“Africa’s energy sector still faces a huge challenge: how to provide reliable electricity for over 640 million people out of an estimated 1.4 billion (2023 estimate), while containing carbon emissions. Currently, the continent only produces 3% of global greenhouse emissions, although it is home to one-fifth of the world’s population.”
“Energy transition in Africa requires significant investments in renewable energy infrastructure, policy, and regulatory frameworks that support the transition, and innovative financing mechanisms to attract private sector investment at an estimated cost of $100 billion per annum between 2020 and 2040.”
“Various African countries have already started the energy transition journey, with notable progress in the deployment of renewable energy technologies. For instance, Morocco has made significant strides in the development of its renewable energy sector, with the construction of the world’s largest concentrated solar power plant and ambitious plans to generate 52% of its electricity from renewables by 2030. Similarly, Kenya has made significant investments in geothermal energy, which currently accounts for over 48% of the country’s electricity generation.”
“Our natural gas reserve which is the largest in Africa and 9th globally, is considered the most viable means to meet the climate change commitments. It is important that we must emphasize that while climate change is an existential threat, our energy poverty and our development is also major threat. And so, we must find a way of balancing it. This will involve a faithful implementation of our Energy Transition Plan, which involves the implementation of the decade of gas proposals.”
“PLATFORM Petroleum Ltd is privileged to be one of the sponsors of the African Collaboration Session at this year’s OTC. I bring you the warmest felicitations from our Board, Management, and Staff of Platform Petroleum Limited, a Nigerian content brand and a prominent indigenous player in the marginal field space, having won its flagship asset, the Umutu/Asuokpu Marginal field (renamed as Egbaoma Field) in the 2003/2004 marginal field bid round.”
“We were the first in that class to bring our field to production in 2007. In 2010, together with Shebah E&P and Maurel & Prom, we formed Seplat, a Special Purpose Vehicle to acquire onshore assets in the first divestments by Shell Petroleum Development Company (SPDC). Today Seplat has grown to become one of the largest energy companies on the African landscape, listed on both the Nigerian Stock Exchange and the London Stock Exchange.”
“As a responsible operator, we have sweated the Egbaoma asset, producing about 12 million barrels of crude oil and condensates and 100 billion standard cubic feet of associated gas in the last 15 years. We are very proud to also achieve full gas commercialization on our asset, supplying about 30 million standard cubic feet of gas per day to the local market through CNG off-takers and via the NGC’s OB3 Gas pipeline network.”
“Over the last year, Platform has acquired interests in three marginal fields which will take us closer to our near-term aspirations to grow production to circa 10,000 barrels of Oil and 50 million standard cubic feet of gas per day. In addition, we have deepened our presence in the LPG space by increasing our equity interest to 45% of PNG Gas Limited, a foremost LPG producer with a production of circa 30 tonnes of LPG per day.” – Chief Dumo Lulu Briggs.
He concluded by commending PETAN for all efforts in promoting participation, and the opportunities for networking and showcasing Nigeria’s potential in the oil and gas industry.
He urged for the conversations to continue, and as one of Africa’s largest oil-producing countries, the world is looking to see Nigeria drive the growth, innovation, and prosperity needed in the industry.
Dez Mayorz Report.