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NCDMB slams IOCs, commends TotalEnergies

By Obinna Nwaoku, Port Harcourt
17 November 2021   |   3:43 am
The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, said only TotalEnergies E&P Nigeria Limited has kept faith with the Nigerian Oil and Gas Industry in-country investment agreement in the last 10 years.

Nigerian Content Development and Monitoring Board (NCDMB)

The Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, said only TotalEnergies E&P Nigeria Limited has kept faith with the Nigerian Oil and Gas Industry in-country investment agreement in the last 10 years.

The NCDMB boss also noted that other companies were still engrossed with activities outside the country, leaving many Nigerians unemployed and fabrication yards unpatronised.

Wabote stated this in Port Harcourt yesterday when he led stakeholders to perform the Sail Away of the IKD1 Topside. It marks the completion of another jacket of the IKIKE project to enable tie-back to the Amenam production towards unlocking over 32,000 barrels of oil per day from the second quarter of 2022.

He said: “Like we have all witnessed, Total has kept faith with Nigeria, it is the only company that has honoured the final investment decision for the past 10 years. The first was Egina Project, which saw almost $20 billion being spent in the country. Today, we are doing this sail way as an additional module and some other fabrications that have happened in the country. Again, huge investment by Total, particularly in the areas of tie-back to existing facilities, Total has done extremely well.”

TotalEnergies Nigeria Managing Director and Chief Executive Officer, Mike Sangster, noted that the IKIKE Field Development Project came on the heels of the Egina Project, which has shown further commitment of TotalEnergies to Nigeria and the growth of the oil and gas sector.

He noted that the IKIKE Project had contributed immensely to the Nigeria content development initiatives of TotalEnergies in Nigeria.

The IKIKE Project Manager, Modestus Nwosu, noted that with the IKD1 Topside delivery, the project, a Joint Venture between the Nigerian National Petroleum Corporation (NNPC) (60 per cent) and TotalEnergies (40 per cent) had met 74 per cent completion.

Similarly, Walter Peviani, Managing Director, Saipem Nigeria Limited, which locally fabricated the IKD1 Topside at its Port Harcourt yard in collaboration with local firm, IGPES, and other subcontractors, thanked TotalEnergies for believing in their capacity to deliver on time without Lost Time Injury (LTI) or incident amidst industry challenges, including COVID-19.