Chamber Raises Panel On Post-Covid-19 Recovery
TAYO ELEGBEDE
The Africa Energy Chamber has set up a post-COVID-19 Advisory Committee to advise the public and private stakeholders on recovery for the exploration industry in the continent.
The committee members as listed by the Chamber includes: Folarin Lajumoke, Vice President – Africa, ION; Mark Romanchock, Principal Geologist, Samara Geosciences, LLC; Daniel Hogan, General Manager – Lukoil International Upstream West; Robert Erlich, Partner and Executive Director –Upstream, Cayo Energy LP, and Peter Ntephe, President & CEO, ERHC Energy.
The chamber justified the need for an advisory committee saying that
the exploration industry has been the hardest hit of the Covid-19 pandemic.
It noted most seismic acquisition and exploratory drilling programmes have been suspended or cancelled as a result of worsening market conditions.
The Executive Chairman of African Energy Chamber, Nj Ayuk, noted that Africa remains one of the most under-explored region on the planet, yet one where betting on exploration has proven a huge success.
He further cited that recent discoveries in Senegal or Mozambique have showed what rewards explorers get by betting on Africa.
“We need to work on a stronger dialogue to make our sedimentary basins competitive and attractive for explorers, and bring back Africa’s rigs count up.”
The Chamber also noted that acting in their personal capacity, the Exploration Committee members have gathered decades of experience working in the exploration industry, and so they understand the importance of keeping seismic programmes and exploratory drilling going to preserve the future of the industry.
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