Oil and gas stakeholders worldwide are set to convene in Nigeria from 8th to 10th October to address critical industry issues, with a particular focus on hydrocarbon metering. Nigeria, a major hydrocarbons producer in Africa, is primed to lead discussions on the sustainable future of the oil and gas sector, given its significant role in shaping debates both locally and internationally.<\/p>\n
Over the past three years, the Nigeria Hydrocarbon Measurement Conference (NIHMEC) has emerged as a crucial platform for fostering dialogue and knowledge exchange on hydrocarbon measurement and accounting issues. NIHMEC 2024, organized by Fleissen & Company, promises to build on this momentum with a pre-conference workshop followed by two days of intensive discussions at the Federal Palace Hotel in Lagos.<\/p>\n
The conference will cover four thematic areas: upstream production measurement and fiscal metering, sustainable oil field operations and environmental stewardship, transparency and efficiency in hydrocarbon accounting, and loss reduction in natural gas pipeline and petroleum downstream operations. With flow measurement playing a pivotal role in quantifying revenues and mitigating losses, NIHMEC aims to address key challenges facing the industry.<\/p>\n
Chaired by Mr. Osten Olorunsola, the Technical Advisory Committee (TAC) comprises leading experts in hydrocarbon measurement and accounting, ensuring robust discussions and insights into industry best practices. The success of NIHMEC 2023, supported by notable sponsors including First E&P, Seplat Energy, and Waltersmith, underscores the conference’s significance in the petroleum sector.<\/p>\n
As the industry navigates complex commercial contracts and regulatory requirements, the importance of transparent and accurate hydrocarbon metering cannot be overstated. Misalignments between technical implications and legal\/commercial intent often lead to disputes, highlighting the need for meticulous attention to metering clauses in contractual agreements.<\/p>\n
NIHMEC 2024 presents a unique opportunity for stakeholders to collaborate, share experiences, and chart a path towards sustainable hydrocarbon measurement practices. By fostering transparency, adherence to regulatory standards, and international best practices, the conference aims to mitigate legal disputes and enhance financial risk management in the hydrocarbon sector.<\/p>\n
In essence, NIHMEC 2024 serves as a critical forum for advancing dialogue, innovation, and collaboration in the pursuit of a more resilient and sustainable oil and gas industry, not only in Nigeria but across the globe.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil and gas stakeholders worldwide are set to convene in Nigeria from 8th to 10th October to address critical industry issues, with a particular focus on hydrocarbon metering. Nigeria, a major hydrocarbons producer in Africa, is primed to lead discussions on the sustainable future of the oil and gas sector, given its significant role in […]<\/p>\n","protected":false},"author":12,"featured_media":24202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,180],"tags":[],"class_list":["post-24200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=24200"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24200\/revisions"}],"predecessor-version":[{"id":24217,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24200\/revisions\/24217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/24202"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=24200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=24200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=24200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}