NOG energy week: Stakeholders target 3m bpd oil output, gas expansion by 2030

The 24th edition of the NOG Energy Week Conference & Exhibition ended in Abuja with stakeholders reaffirming Nigeria’s commitment to achieving 3 million barrels per day (bpd) of crude oil and 12 billion cubic feet per day (bcf/d) of gas production by 2030.

Held from June 29 to July 3, 2025, at the Bola Ahmed Tinubu International Conference Centre, the event drew over 6,600 participants, including 250 exhibiting companies, 1,800 delegates, and 125 expert speakers.

The gathering fostered partnerships among government leaders, industry players, and global investors aimed at advancing Nigeria’s energy ambitions.

In a communique issued at the end of the conference, stakeholders underscored the importance of the Nigeria First policy, increased indigenous participation, and investment in local capacity to achieve national energy security and sustainable growth.

Wemimo Oyelana, Country Director of dmg Nigeria events, said the forum helped bridge policy and industry realities, leading to “actionable strategies that will define the energy sector’s trajectory.”

Similarly, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, stressed the need to deepen local content across the oil and gas value chain to ensure job creation, economic retention, and energy self-sufficiency.

The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, disclosed that Nigeria attracted $17 billion in new energy investments in 2024, with targets of $30 billion by 2027 and $60 billion by 2030.

He added that the completion of the River Niger crossing for the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline marked a major step toward project completion by the fourth quarter of 2025.

Participants also reviewed the growing role of indigenous operators following the divestment of international oil companies (IOCs), noting that local firms now have the technical capacity to optimise production from newly acquired assets under the Petroleum Industry Act (PIA).

On gas development, stakeholders highlighted Nigeria’s 200 trillion cubic feet of proven reserves as key to driving industrialisation, expanding power generation, and boosting LPG consumption.

They also noted progress on the Nigeria–Equatorial Guinea Gas Pipeline and the activation of the Midstream and Downstream Gas Infrastructure Fund to mobilise financing for strategic projects.

Technology and human capital development featured prominently, with calls to domesticate technology use, enhance research-industry collaboration, and strengthen partnerships with academic institutions to build a skilled energy workforce.

Organised by dmg Nigeria events in collaboration with NNPC Limited and other partners, NOG Energy Week 2025 reaffirmed its role as West Africa’s leading energy platform.

The full communique, detailing ministerial directives and key resolutions, is available on the event’s official website.