The Marginal Field Operators last week urged the Federal Government to create conducive environment for gas development in Nigeria.
The operators made the call in Lagos at a forum jointly organized by the UK Trade and Investment and Nigeria Marginal Field Operators Group.
The forum, the first of its kind in Nigeria, had the theme, "Telling our Stories".
Mr. Dada Thomas, the Managing Director, Frontier Oil Ltd., said Nigeria had huge gas potential yet to be harnessed.
The Marginal Field Operators last week urged the Federal Government to create conducive environment for gas development in Nigeria.
The operators made the call in Lagos at a forum jointly organized by the UK Trade and Investment and Nigeria Marginal Field Operators Group.
The forum, the first of its kind in Nigeria, had the theme, "Telling our Stories".
Mr. Dada Thomas, the Managing Director, Frontier Oil Ltd., said Nigeria had huge gas potential yet to be harnessed.
Thomas said that government should "hands off” the nation's gas sector for it to be developed.
“Nigeria, no doubt, is a marginal gas producer, Government must, therefore, create enabling environment and hands off gas pricing”
“If government refuses to implement favorable policy for gas development, then the future of gas development in the country is bleak," he said.
The managing director said many Nigerians wanted to learn from Trinidad's gas development and urged operators to embrace community relations in their areas of operation.
Mr. Seye Fadahunsi, the Executive Director, Pillar Oil Ltd., advised other operators to take decisions that would ensure "minimal risks".
Mr. Ade Afolabi, the Chairman, Dansaki Petroleum Ltd., also urged operator to seek experts’ advice in their operation and growth.
Afolabi enjoined the operators to seek access to low interest funds.
“Out of the 24 marginal fields awarded to Nigerian operators in 2003, only 10 are in operation.
“This is why we, as operators, need to first do our home work so that we can be awarded contracts," he said
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