Local content: Valve assembly, metering integration plant planned for Port Harcourt
An indigenous oil firm, PE Energy, has begun work on a $30 million plant for domesticated valve assembly and metering integration in Port Harcourt, Rivers State.
Managing Director, Daere Akobo, at the groundbreaking ceremony in Port Harcourt yesterday, said the project would serve as a solution to enhance, sustain and optimise the country’s crude oil production, adding that when completed within a few months, it would “deliver engineered solution and services across valve and actuation, process and measurement solutions, electrical and instrumentation, automation, assembly, and fabrication.”
He said: “PE Energy was spurred to invest in the centre because of the Nigeria Local Content Act, which calls for in-house domestication, knowledge and technology transfer, training, domiciliation, research, and development. Domestication of technologies provided by PE Energy original equipment manufacturers (OEMs) will not only create employment opportunities but also serve as a platform to build local competencies in delivering complex projects within Nigeria.”