NCDMB set to unveil data on oil industry projects
The Nigerian Content Development and Monitoring Board (NCDMB) may unveil the data of upcoming projects in the downstream, midstream and upstream of the oil and gas sector within the next few weeks.
The Executive Secretary of the NCDMB, Simbi Wabote, who disclosed this in Uyo, Akwa Ibom, at the first Nigerian Oil and Gas Opportunity Fair (NOGOF), explained that the compilation of the projects is good news as more jobs would be created very soon in the industry.
The Fir, which had, ‘Advancing Indigenous Participation in the Nigerian Oil and Gas Industry for National Development,’ as theme, witnessed massive participation of oil firms in the country.
The Department of Petroleum Resources (DPR) Nigerian Ports Authority (NPA) Nigerian Customs Service (NCS) and ancillary agencies of government made presentations.The Board said the compendium of opportunities will guide international and local service companies in making strategic investment plans, with a view to maximize the domiciliation of activities and enhance in-country value retention.
The database will also assist the NCDMB to identify high impact activities with potential for employment generation, training, in-country value addition, and revenue retention for support and inclusion in her 5-year roadmap thereby further cementing the sustainability of Nigerian Content development and implementation.
Major stakeholders of the industry that included the Minister of State for Petroleum Resources, Dr Ibe Emmanuel Kachikwu, Managing Directors of Exxon Mobil, Total Upstream, Chevron Nigeria and Addax attended the two-day NOGOF event.
The Executive Secretary of NCDMB said: “While the Board and industry had made giant strides especially with respect to developing capacity in-country, upgrade of existing facilities and establishment of new facilities, there had not been an alignment of the capacity being established with the demand/ opportunities available.”
He observed that planning for future opportunities, companies and investors often acquired assets and facilities to pursue short-term opportunities based on trends they had seen in the industry.
He expressed regrets that such scenario only result resulted in overcapacity in some areas where in-country facilities scrambled for available work while there was lack capacity in some other areas resulting in exporting of work scopes abroad with the attendant loss of revenue and jobs.
Wabote listed the objectives of NOGOF thus “Show-casing opportunities in the upstream, midstream, and downstream sectors of the oil and gas industry, present available and planned capacity in-country, provide multi-nationals the opportunities to link up and utilise in-country and enable Nigerian companies tailor their business strategies towards exploiting available opportunities.”
He added that the Board had adopted a 100 days target for completing its aspects of the contracting processes in line with the 6 months contracting cycle time set out by the Minister of State for Petroleum Resources.
He stated further that recent assessment visits to oil and gas facilities and assets around the country had provided the Board’s management with updated knowledge about the scale and size of capacities and capabilities available in-country as well as plans of some service providers to scale up their capacities.
The Executive Secretary also revealed that the Board has issued directives that electrical cables procurement, coating of all line-pipes and threading of Oil Country Tubular Goods (OCTG) must be carried out in Nigeria.
“Similarly, all in-country capacity must be exhausted before approval will be given for procurement of Line-Pipes outside the country,” he explained.In his speech at the event, the Minister of State for Petroleum Resources, Dr Ibe Emmanuel Kachikwu highlighted the importance of the fair, noting that the outcome would enable service companies in the industry choose areas of specialization and prevent overcrowding in certain fields.
He stated: “The greatest problem of the Nigerian space is overcrowding. There are tonnes and tonnes of opportunities but we must succeed in creating business models.”Also speaking, Governor, Akwa Ibom State, Mr Udom Emmanuel, stressed the need for deliberate efforts by government and oil companies to boost local capacity in the industry and enhance security.
“We have paid lip service to the issue of capacity building over the years. We need to transfer technology by building skills development centres in the region.”In his intervention, the Chairman, House of Representatives Committee on Local Content, Honourable Emmanuel Ekon commended the Board for organising the Nigerian Content Opportunity Fair, which he described as the first time operating companies would inform service companies of projects to expect.