Lagos, Nigeria – The Society of Petroleum Engineers (SPE) has called for immediate action to achieve Nigeria’s ambitious crude oil production target of 2.7 million barrels per day (mbpd) by 2030, stressing that current output of 1.75mbpd (including condensates) remains insufficient.
4 Critical Focus Areas Identified
Enhanced Oil Recovery (EOR)
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Implement advanced extraction technologies for aging fields
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Optimize existing assets before new explorations
Pipeline Security
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Combat crude theft sabotaging production
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Deploy tech-driven surveillance systems
Gas Monetization
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Leverage 209TCF gas reserves as transition fuel
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Accelerate NLNG Train 7+ projects
Infrastructure Reliability
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Upgrade decaying pipelines and export terminals
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Address refining bottlenecks
SPE Nigeria’s 2025 Conference (SPENAICE)
Date: August 4-6, 2025
Venue: Lagos, Nigeria
Theme: “Building a Sustainable Energy Future”
Participants: 4,000+ from 80+ companies
Key Agenda Items:
✔ Post-divestment asset management strategies
✔ Local content capacity development
✔ Energy transition realities for Africa
Expert Insights
“SPENAICE 2025 marks a turning point for Nigeria’s energy future,” said Dr. Amina Danmiani, SPE Nigeria Council Chair. “We must combine technology, policy and human capital to achieve the 2.7mbpd target while monetizing our gas potential.”
Industry Context
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Historic IOC divestments from onshore/shallow-water assets
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Rising competition from African peers (Angola, Libya)
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$1 trillion economy goals tied to energy sector performance
Next Steps:
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SPE to unveil technical whitepapers at August conference
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Government/private sector roundtables on security solutions
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Youth training programs for energy transition readiness
