Julius Ogor successfully founded Forcados Dredging Nigeria Limited, an energy company based in Lagos, Nigeria. At the company, Julius Ogor oversees all offshore drilling operations as well as pipeline and fabrication services, contributing immensely to Nigeria’s oil economy.

According to Dr. Maikanti Baru, managing director of the state-run Nigerian National Petroleum Corporation, Nigeria plans to double its oil production and triple its refining capacity by 2025. The country is working with private companies to achieve these ambitious goals.

When Dr. Baru made this announcement at the end of April 2019, Nigeria was producing about 2.2 million barrels per day (mbpd) of crude oil and condensate. Doubling production would be an ambitious feat. The country’s previous production peak was 2.5 mbpd, realized midway through the previous decade.

Since then, Nigeria’s production facilities have been plagued with leaks, militant attacks, and equipment theft. The government will have to develop a working formula to curb such production losses.

The path to tripling Nigeria’s refining capacity is equally difficult. The country will have to refine 1.5 mbpd to meet its local fuel needs. Nigeria currently has a capacity of 445,000 bpd, which it struggles to achieve because its infrastructure is not well maintained. However, with a private investor already building a 650,000-bpd refinery, the country only needs other private sector players to collaborate and plug in the remaining 450,000 bpd.