New PETAN Boss Affirms Commitment To Industry Growth
Posted: 26/Mar/2020

The new Chairman of the Petroleum Technology Association of Nigeria, Mr Nik Odinuwe, has reaffirmed the association’s commitment to the development of the nation’s oil and gas industry.

Odinuwe, who was elected at the association’s annual general meeting on March 18, 2020 in Port Harcourt, Rivers State, succeeds Mr Bank-Anthony Okoroafor, that steered the affairs of PETAN over the past four years, according to a statement.

Speaking at the inauguration of the newly elected officers of the association, Odinuwe said, “PETAN is reputed as the initiator of local content in Nigeria and has been championing the quest for increased local participation in the Nigerian oil and gas industry, thereby culminating in the Nigerian Oil and Gas Industry Content Development Act, 2010.”

According to him, PETAN is an association of Nigerian indigenous technical oilfield service companies in the upstream and downstream sectors of the petroleum industry.

He noted that the association was formed to bring together Nigerian oil and gas entrepreneurs to create a forum for the exchange of ideas with the major operators and policymakers.

Odinuwe said, “PETAN has been promoting the development of the oil and gas industry in Nigeria through the organisation and participation of Nigerian entrepreneurs in conferences, seminars, workshops and creating opportunities for Nigerian companies to project themselves in the competitive industry.

“PETAN companies and their contractors employ over 20,000 Nigerians, of which over 60 per cent are graduates. This has a beneficial domino effect on the economy through the use of local input and the growth of local expertise and know-how.”

He also said since 2005, the association had been solely responsible for organising the Nigerian Pavilion and the exhibition of Nigerian companies at the Offshore Technology Conference in Houston, Texas every year.

“It has also created opportunities for Nigerian companies to showcase themselves in other international conferences and exhibitions locally and internationally,” he said.

Other new executive members are the Vice Chairman, Mr Ranti Omole; the Secretary, Ms Patricia Simon-Hart; the Assistant Secretary, Mr Daere Akobo; the Publicity Secretary, Dr Lucky Akhiwu; the Financial Secretary, Mrs Edith Akwaeke; the Treasurer, Mr Eloka Ejeh; and the Conference Chairman, Mr Chinedu Maduakor.