PETAN empowers indigenous service companies, drives policy reforms, and boosts Nigeria’s economy under Engr. Wole Ogunsanya
By Yunus Yusuf
The Petroleum Technology Association of Nigeria (PETAN) has long been a key player in shaping the future of Nigeria’s oil and gas industry.
As an influential association of indigenous oil and gas service companies, PETAN has made significant strides in improving the sector’s efficiency, sustainability, and contribution to the national economy.
Under the visionary leadership of Engr. Wole Ogunsanya, PETAN has not only grown in stature but also played a pivotal role in advancing Nigeria’s oil and gas services sector.
Ogunsanya’s tenure as the chairman of PETAN has been marked by strategic leadership that focused on fostering collaboration among local service companies and promoting innovation.
Ogunsanya, with his wealth of experience in the oil and gas industry, has been an advocate for local content development and the empowerment of Nigerian companies to handle more significant aspects of the oil and gas value chain.
His leadership has seen PETAN become a central figure in policy advocacy, with the association regularly engaging with government stakeholders to ensure that indigenous companies receive a fair share of opportunities in the sector.
Under Ogunsanya’s leadership, PETAN has also become an influential voice in pushing for better regulatory frameworks, which have paved the way for a more conducive environment for businesses to thrive.
STRENGTHENING LOCAL CONTENT
One of PETAN’s major achievements under Ogunsanya’s leadership has been its advocacy for the implementation of the Nigerian Content Development and Monitoring Board (NCDMB) policies.
The organization’s focus on increasing local content in Nigeria’s oil and gas industry has been transformative.
PETAN has played a crucial role in encouraging local companies to enhance their capabilities, ensuring they are well-positioned to secure contracts traditionally dominated by international players.
Ogunsanya’s tenure witnessed the establishment of numerous partnerships between multinational oil companies and indigenous service providers.
PETAN’s initiatives have enabled local companies to partake in the full spectrum of oil and gas operations, from exploration to production.
By creating an environment that nurtures local expertise, PETAN has boosted the country’s oil and gas service sector, contributing to the economy and enhancing employment opportunities for Nigerians.
BUILDING LOCAL CAPACITY
Engr. Wole Ogunsanya has placed a strong emphasis on building local capacity in the oil and gas industry.
Recognizing the challenges posed by the industry’s complex nature, PETAN under his leadership has organized numerous training programs and workshops for local professionals.
These programs have focused on enhancing technical skills, safety standards, and environmental best practices, ensuring that Nigeria’s workforce is prepared for the demands of a highly competitive industry.
PETAN’s training programs have also focused on fostering entrepreneurial skills, allowing Nigerian youths to establish and run successful businesses within the oil and gas sector.
This capacity-building initiative has helped to close the skills gap in the industry, positioning Nigerian companies to take on more challenging projects.
ADVOCACY FOR POLICY REFORMS
PETAN has worked tirelessly under Ogunsanya’s leadership to ensure that the government recognizes the needs of indigenous oil and gas service companies.
Engr. Ogunsanya has been at the forefront of advocating for policy reforms that promote the growth of local businesses while attracting foreign investments into the Nigerian oil and gas sector.
A prime example of PETAN’s policy advocacy was the push for the amendment of the Petroleum Industry Bill (PIB), now the Petroleum Industry Act (PIA), to ensure that local content and local players benefit from the industry’s growth.
The association has also worked closely with regulatory agencies to streamline the licensing processes for service providers, making it easier for indigenous companies to operate.
CHAMPIONING SAFETY AND ENVIRONMENTAL STANDARDS
PETAN, under Ogunsanya’s leadership, has been a strong proponent of high safety and environmental standards within the Nigerian oil and gas industry. Engr. Ogunsanya believes that safety is paramount, and as such, PETAN has established various initiatives to improve the safety culture in the industry.
Through collaboration with international safety bodies, PETAN has helped introduce global best practices, ensuring that Nigerian oil and gas companies are compliant with international safety standards.
In addition to safety, PETAN has been proactive in driving sustainable practices within the sector. Engr. Ogunsanya’s leadership has seen the association support environmental sustainability initiatives that mitigate the adverse effects of oil and gas operations on Nigeria’s environment.
This commitment to sustainability has contributed to the global reputation of Nigerian oil and gas services as being environmentally responsible.
ECONOMIC CONTRIBUTIONS AND JOB CREATION
PETAN’s impact on Nigeria’s economy cannot be overstated. The association’s initiatives have contributed significantly to the national GDP through the promotion of indigenous participation in the oil and gas value chain.
By facilitating local content and supporting the growth of local service companies, PETAN has enabled the creation of thousands of jobs in the oil and gas sector, boosting employment and improving the livelihoods of many Nigerians.
Furthermore, PETAN’s support for the diversification of the Nigerian oil and gas industry has also opened doors to new revenue streams, particularly in offshore exploration, oilfield services, and equipment manufacturing.
PETAN has been instrumental in ensuring that local companies are positioned to compete for lucrative contracts, keeping more revenue within the country.
INTERNATIONAL RECOGNITION AND COLLABORATION
Under Engr. Ogunsanya, PETAN has gained international recognition for its contributions to the oil and gas industry. The association has forged strong partnerships with global industry players, such as the International Association of Oil & Gas Producers (OGP), the Nigerian National Petroleum Corporation limited(NNPCL), and other multinational oil corporations.
These partnerships have led to increased knowledge sharing, technological advancements, and the development of Nigeria’s oil and gas infrastructure.
PETAN’s active participation in international oil and gas conferences and expos has further solidified Nigeria’s position on the global stage.
By representing the interests of Nigerian service providers, PETAN has opened doors for local businesses to collaborate with global players, boosting their credibility and visibility in the international market.
Looking TO THE FUTURE
As PETAN looks to the future, Engr. Wole Ogunsanya’s vision for the association remains clear: to continue driving growth, innovation, and sustainability in the Nigerian oil and gas sector.
Under his leadership, PETAN aims to further increase the participation of indigenous companies in the sector, ensuring that Nigeria’s oil and gas industry remains competitive on the global stage.
PETAN is also committed to promoting technology and innovation, as it believes these are key factors in driving the industry forward.
The association plans to continue its support for research and development in the oil and gas sector, with a focus on digital technologies, energy transition, and automation.
In conclusion, PETAN’s achievements and impact under Engr. Wole Ogunsanya’s leadership have been nothing short of remarkable.
From advocating for local content and policy reforms to building local capacity and promoting safety standards, PETAN has been a driving force in reshaping Nigeria’s oil and gas service sector.
Ogunsanya’s visionary leadership has positioned PETAN as a leader in the industry, and its continued growth and success are a testament to the hard work, dedication, and commitment of all those involved in the association’s activities. As Nigeria’s oil and gas industry continues to evolve, PETAN, under Engr. Ogunsanya’s guidance, will undoubtedly remain at the forefront of this transformation.
