Chief Executive Officer, Heritage Energy Operational Services Limited (HEOSL), Ado Oseragbaje, has advocated the adoption of Environmental, Social and Governance (ESG) practices for the sustainability of the Oil and Gas industry in Nigeria.
Oseragbaje who was represented by the company’s General Manager, Government, Joint Venture and External Relations, Reverend Sola Adebawo, made the charge during his speech as one of the sponsors of the topical issue workshop titled: “The outlook of the Nigerian oil and gas industry, Post IOC Divestment and Exits: Challenges and Opportunities”, at the Nigeria Annual International Conference and Exhibition (NAICE) organized by the Society of Petroleum Engineers (Nigeria council), on Monday, 5th august, 2024 at the Eko Hotel & Suites, Lagos.
HEOS is the Operator of the OML 30 Joint Venture between NNPC E & P Limited (NEPL) and Shoreline Natural Resources Limited (SNRL).
According to him, “It has become imperative for oil companies to comply with Environmental, Social and Governance (ESG) factors, and adopt sustainability as a default way of operating to be able to explore and produce hydrocarbon in Nigeria.”
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The CEO reiterates his company’s commitment to ESG practices. “We are committed to operating in an environmentally responsible, socially inclusive, and ethically sound manner. Our ESG Charter outlines our core principles and approach to Environmental, Social and Governance matters and serves as a foundation for our ESG strategy and our guide to operating in a responsible and sustainable manner.”
The CEO re-affirms his belief in Nigeria as a prime place in the global energy landscape saying that if some of the over 200 TCF of gas is sustainably produced, it would help Nigeria through the clean energy transition and enable her fill the gap left by declining oil. “Gas, will play a huge role in the future and at Heritage Energy. “We are putting plans in place to ensure a secure, affordable and sustainable gas production process through our gas monetisation programme to meet some of the growing demands for gas.,”he said.
