OFFICIAL
SHOW DAILY the meeting place for the global oil and gas industry
Wednesday, June 13, 2012
Todays Highlights
Nigeria is Open for More Investment and More Production
• SPE Heavy Oil Conference–Canada, 7:15 am – 5:00 pm, Stampede Park, Palomino Rooms
The International Market Theatre hosted a Nigerian presentation yesterday, with an invitation to Western companies, especially Canadian and Albertan corporations to consider investing in that country’s emerging energy industry. “Canadian expertise and technology is highly sought in Nigeria,” says Jean Gauthier, Deputy High Commissioner of Canada to Nigeria. “A few years ago it was a major stumbling block to have to Canadians foot the financing. A few Canadian companies are investing in Nigeria, but we’re always looking for more.” He states that the Nigerian government is focused on creating success for indigenous companies operating on their own and with international juniors. The opportunities can not only lead to potential profits in an emerging middle class economy, but also open the door to other African countries such as Ghana, Guinea, Lagos, and Sierra Leone. Emeka Ene, CEO of Olidata Energy Group and Xenergi says the oil and gas value chain in Nigeria has a large economic and commercial footprint. “Local content can be leveraged to be a magnet for FDI growth. That translates into GDP growth and ultimately stability for investors,” Ene says. “Nigeria is second to South Africa for growth. We focus on the three C’s…capacity building, capitalization, and convergence of policies and laws has positioned us as a place to invest.” The challenges too, are also obvious: The Petroleum Industrial Bill. The push is on to have the latest version of the bill submitted to the national assembly shortly. Delay could cause problems for investors. The Niger Delta Crisis and Amnesty Program. These have created problems for the Canadian Trade Commission Service. The goal is to create jobs for youth to help with socio-political stability. Eliminating corruption, boosting safety. The Nigerian and Canadian governments are working to vet companies for their track record,
• International Energy Leaders Forum, 8:00 am – 10:00 am, The Fairmont Palliser, Crystal Ballroom • Exhibition – Day 2, 10:00 am – 6:00 pm, Stampede Park • International Energy Marketplace, 10:00 am – 6:00 pm, Stampede Park, Corral Concourse • Global Business Development Theatre, 10:30 am – 5:00 pm, Boyce Theatre Foyer • International Market Presentations, 10:30 am – 5:00 pm, Boyce Theatre • Innovation Presentation Theatre, 11:00 am – 5:00 pm, Stampede Park, Hall F • European Union – Canada Business Forum, 12:00 pm – 2:00 pm Stampede Park, Arabian Rooms • Outdoor Rodeo, 1:00 pm – 3:00 pm, Stampede Park, Outdoor Area Wale Tinubu speaking at the International Market Theatre
accounting and performance before the ink is dry. The most stable companies are the ones who have followed regulatory and training compliances, and have good relationships with international companies. Long contract award and decision making processes. Decision making is slowed, but the Nigerian government is working to fast track processes and get projects moving. Despite delays and social issues, Wale Tinubu, group chief executive, Oando PLC, says it’s quite clear that the nation is doing very well with a GDP approaching 400B barrels a day. “We have a low debt to GDP ratio, which is rare for developing countries. There is plenty of scope for capital to come into the country. There is so much growth and prosperity but very little resource. When indigenous companies get together with foreign companies, the growth is phenomenal.” Continues on page 5
Major Exhibition Sponsors:
SCADA Systems Were on the Menu Tuesday at the Innovation Presentation Theatre ABB offered insight into their SCADAvantage ABB is one of the largest power and process automation companies in the world, with head office in Zurich, and three locations in Calgary. Calvin Vaas, manager of business development for Canada, says the SCADA system is produced in Calgary, and as one of the top four suppliers in the industry, there are over 500 systems already deployed mostly in downstream. Continues on page 5
Held in Conjunction With:
Drilling Rig and Parts Top Drives Mud Pumps * Rotary Tables Master & Kelly Bushings Wire Rope * Sandline Drill Pipe, Kelly & HW Safety Clamps Drill Pipe Slips Drill Collars & Casing Slips
China Petroleum Technology & Development Corporation
• Official Industry Party, 6:30 pm, Cowboys Casino, Stampede Park
GPS 2012
Official Show Daily
Proudly Presented By: Booth 1056
Production Equipment Casing & Tubing Pump Jacks Sucker Rods & Rod Elevators Well Heads * X-Mas Trees
Workover Rig & Parts Plunger Pumps * Power Tongs Air (Tubing) Spiders
Oilfield Chemicals
CASCO Ltd
2419 - 96 Street Edmonton, AB T6N 0A7 www.petro-casco.com
PEMSCO Ltd
Bay D, 7003 - 5th Street SE Calgary, AB T2H 2G2 www.pemscocn.com
China Petroleum Technology & Development Corporation (CPTDC), a wholly-owned subsidiary of China National Petroleum Corporation (CNPC), is the largest supplier of Chinese Petroleum and Petrochemical Materials and Equipment in the world, CPTDC’s operation principle is “Based on Service, Striving for Excellence”. CPTDC commits itself to introducing more petroleum equipment and technology into the world market.
www.cptdc.com June 13th, 2012
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