The Society of Petroleum Engineers (SPE) says Nigeria must implement proactive measures to achieve a crude oil production target of 2.7 million barrels per day (mbpd) by 2030.

SPE also stated that the country needs to focus on enhanced oil recovery methods, pipeline security, gas resource monetisation, and improved infrastructure reliability.

Amina Danmiani, chairman of the SPE Nigeria Council, said this on Friday while addressing journalists in Lagos ahead of the organisation’s 2025 International Conference and Exhibition (SPENAICE) from August 4 to 6.

According to Ms Danmiani, Nigeria currently produces about 1.75 million barrels per day of crude oil and condensates.

She said the country was also working to maximise the use of its 209 trillion cubic feet of natural gas as a transitional fuel to support energy security and economic diversification.

Ms Danmiani noted that SPENAICE 2025 would showcase technical insights and practical solutions aligned with Nigeria’s energy development goals.

“Over the past year, Nigeria has witnessed historic divestments by international oil companies from onshore and shallow-water assets.

“SPENAICE 2025 will be a turning point for Nigeria’s energy future,” she said.

She described the conference as more than just an event, describing it as “West Africa’s premier platform for energy innovation, policy dialogue, and professional excellence.”

She said the conference reflected Nigeria’s urgent need to integrate technology, local capacity, and forward-thinking policies to achieve energy security and a $1 trillion economy.

According to her, the event is expected to feature over 4,000 participants, more than 80 exhibiting companies, and several high-level leadership panels.

“SPENAICE 2025 aims to address pressing challenges in oil production, gas monetisation, infrastructure optimisation, and post-divestment asset management,” Ms Danmiani said.

She reaffirmed SPE’s commitment to bridging the knowledge gap, empowering young professionals, and strengthening indigenous participation amid ongoing industry transitions.

(NAN)