The Chief Executive Officer of Heritage Energy Operational Services Limited (HEOSL), has urged African countries to focus their strategic national interest as they bid to sustain national development and regional survival in an energy transition era.
Oseragbaje, who is also the Chief Executive officer of UK based Heritage Oil Limited, said this as part of panelists at the recently concluded Nigeria International Energy Summit (NIES), which was held last week in Abuja.
Heritage Energy Operational Services Limited (HEOSL) is the Operator of the OML 30 Joint Venture between NNPC E&P Limited (a subsidiary of NNPC Limited) and Shoreline Natural Resources Limited (SNRL). It is a subsidiary of Heritage Oil Limited, a Jersey based independent versatile oil and gas exploration and production company and equity owner in SNRL.
Speaking on the role of National Oil Corporations (NOCs) in stimulating accelerated sustained development of hydrocarbon in the continent, the Heritage Oil helmsman said, NOCs can help drive national development in their various countries,
Ado posited that every African nation must prioritize energy security above other factors in the energy transition process.
“As global energy industry races towards energy transition, African countries must focus on their strategic national interests in order to sustain development and regional survival”.
He affirmed that that energy transition should be consistent with the strategic interest of each country and region. This he said was accentuated by how quickly key European countries opened the coal mines in the wake of the threats to energy supplies following the Russian-Ukraine war.
“Each country is in a different phase of the energy transition, and each country must therefore prioritize to reflect strategic national and regional interests”, he added.
The Nigeria International Energy Summit is the largest gathering of oil and gas industry players as well as policy makers in the West African Region.
