Oil and Gas Industry

Access Must Go Beyond Ownership, PETAN Says, Calls For Bigger Role For Indigenous Service Firms

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The Petroleum Technology Association of Nigeria (PETAN) has said access in the oil and gas industry must go beyond asset ownership to ensure services and technology that keep assets running are delivered by capable Nigerian companies.

Speaking through its Publicity Secretary, Dr. Joan Faluyi at the 2026 NAEC Energy Conference in Lagos, the association said as indigenous operators take on more assets, indigenous service companies should be empowered to handle the operations.

“Our members bring the technical expertise and field experience to do this, creating jobs and retaining value in Nigeria. With the right investment and enabling environment, they can take on larger and more complex scopes,” Faluyi said.

She commended the Association of Energy Correspondents of Nigeria (NAEC) for keeping energy issues in public discourse and for bringing policymakers, operators and service providers together, expressing hope that deliberations would produce practical commitments to strengthen indigenous participation across the value chain.

Faluyi also celebrated recipients of the NAEC Industry Awards and urged participants to turn access into opportunity for lasting progress in Nigeria’s energy industry.

PETAN as a body  is recognized as one of the  early initiators and major champion of local content, the association has over the years helped domesticate a substantial portion of the oil and gas value chain so that expertise and revenues stay within Nigeria, the association has continued to partner the Nigerian Content Development and Monitoring Board (NCDMB) in driving toward national local content targets.

 It has also acted as a structured bridge for dialogue between indigenous oilfield service providers, major international and local operating companies (IOCs/NOCs), and government policy

 

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