Bank’s forum promotes SMEs’ roles in oil & gas sector

Money transfer16 May 2014, Lagos – Small and medium scale enterprises (SMES) wishing to play in the nation’s oil and gas sector have been advised to fully understand the intricate operations of the industry locally and globally before venturing into it.

Audrey Joe-Ezigbo, author and co-founder, Falcon Petroleum Limited, who gave the advice on Fidelity SME Forum, a weekly programme by Fidelity Bank Plc, said though this may sound basic but it is the truth.

Speaking on opportunities in the oil and gas sector and what it takes to build a successful partnership with a spouse, she said the oil and gas industry is such a robust industry that most people just miss it, pointing out that in the gas business for instance, there is opportunity for producing, distributing or retailing either natural gas.

According to her, “there is opportunity in logistics and so many other aspects. The industry is not waiting for you; rather you are the one that is trying to carve a niche, so you owe it to yourself to do the research even beyond that specific field to understand the global industry. “There are lots of opportunities because it’s a very robust industry. There’s so much going on now with the gas revolution, gas to power development etc. It’s just incredible.”

Explaining how she was able to build the skill to establish success in the oil and gas sector, she said: “In terms of my background, I didn’t have any in oil and gas or petroleum engineering.”


– The Nation

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