SPE Oloibiri Lecture Series holds March 18, 2021 in Abuja



    The Society of Petroleum Engineers, SPE, Oloibiri Lecture Series and Energy Forum will hold March 18, 2021 in Abuja.

    The Council Chairman, Tunji Akinwumi stated this at the pre-press briefing held on Thursday in Lagos.

    “This year 2021, our discussions will be centred on the realities of the day in our industry and that informed the choice of the theme rational Excellence and Portfolio Optimization, way forward for the Oil and Gas Industry post covid-19”, the Chairman said.

    As the name suggests, according to him OLEF has two major sections; the Energy Forum and the Lecture Series. “We have invited 10 speakers to delivered top notch discussions in the various sub-topics of the energy forum and lecture series. The Minister of States for Petroleum Resources, Timipre Sylva will give the industry address. There will be two keynote speeches. First will be on industry operations by The Group Managing Director of NNPC where as the Director/CEO of Department of Petroleum Resources DPR will give the second keynote address on industry regulation”, he added.


    L-R: Events Manager, SPE Nigeria Council, Udochukwu Akunna; Chairman,  Olatunji Akinwunmi and Vice Chairman, Olalekan Olafuyi at the press Conference.


    Akinwumi said the OLEF 2021 is an open hybrid event that requires no paid registration. A few invited individuals and SPE committee members are expected to make up the in-person participants.

    “All stake holders in the energy industry;  operators of JV, regulatory and government, production sharing contractors, independent operators, finance and insurance industry players, the academia and many more are free to attend online or in-person as their invitation indicates.

    The theme will be discussed along following perspectives:

    Industry – Government – Academia partnership: – articulating the individual roles each stakeholder is required to play as well as establishing a strategic collaboration and partnership that enables industry-wide operational excellence and portfolio optimization”, he said.

    “Developing Competencies in Regulation: – Assuring safety & sustainability and reducing the overall costs of doing business through competence in regulation Adjusting Operational Models to reduce Cost and Capture Value: Re-evaluating operational strategies such that short term cost improvements are balanced with long term change and value realization. Adapting the workforce to digitalization transformations: -Developing the required systems and skills to advance digitalization of the energy industry Environmental, Social and Governance, ESG, Dynamics and Industry Projects Financing: the interplay of environmental issues like climate change and resource scarcity as well as other social and governance issues in driving operational excellence. Also pertinent is the transforming conditions around Project funding. Local technology development and research commercialization: Developing pathways for home-grown innovation and commercialization of research”.

    Oloibiri Lecture Series and Energy Forum is an annual lecture series focused on contributing to oil and gas policies development for Nigeria in commemoration of the first oil-well drilled in Nigeria by Shell Darcy at Oloibiri, in Ogbia, Bayelsa State, in 1956. The annual lecture series attracts participation from the government, regulatory agencies, and heads of industry practitioners at all levels, as well as other key stakeholders from around Africa.

    At  the  inaugural  edition  of  Society  of  Petroleum  Engineers  (SPE)  Nigeria  Council’s  Annual  Oloibiri Lecture Series & Energy Forum, held in June 1991, we had in attendance, Suboroto, Secretary General of  OPEC.

    The Society of Petroleum Engineers, SPE, Nigeria Council comprising Lagos, Port Harcourt, Warri, Benin and Abuja Sections is an affiliate of Society of Petroleum Engineers, SPE International, a not-for-profit professional organization with over 140,600 members worldwide. “Our mission is to collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources and related technologies for the public benefit and to provide opportunities for professionals to enhance their technical and professional competence”, the chairman stressed.




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