The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has assured its full support to the Federal Government in its ongoing efforts to eradicate crude oil theft, a persistent issue that has plagued the nation’s oil and gas sector.
The commitment was made on Wednesday by the PENGASSAN President, Festus Osifo, during his opening address at the ongoing PENGASSAN Energy and Labour Summit (PEALS 2024) in Abuja.
In his speech, Osifo emphasised the critical role of the summit in addressing the pressing challenges facing Nigeria’s oil and gas industry.
“The scourge of crude oil theft poses a significant threat to our industry, economy, and national integrity. As an association, we have been at the forefront of this battle, both through public advocacy and strategic collaborations within the industry.
“We are committed to working alongside the government and other stakeholders to implement enhanced security measures, technological innovations, community engagement, and closer collaboration with law enforcement agencies”, he stated
Osifo highlighted the theme of this year’s summit, “The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment, and Crude Oil Theft,” as particularly relevant, given the current state of the sector.
