Petroleum Minister inaugurates NCDMB new governing council

Africa Press-Nigeria:

The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Abuja inaugurated the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), with a charge to the members to support the attainment of the Nigerian Content 10-Year Strategic Roadmap.

He stated that accomplishing the lofty goals of the roadmap would enable the domestication of petroleum refining, domiciliation of manufacturing of industry requirements, extraction of value from gas, and positioning Nigerian operators and service providers at the fore-front of play in the upstream, midstream, and downstream sectors of the industry.

The Minister, who will serve as the Chairman of the Governing Council, with the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote as Secretary, enjoined other members to ensure that the targets set in the roadmap are met by supporting the ongoing initiatives and laying the foundation for the upcoming projects during their tenure.

The Minister commended NCDMB for the monumental strides it had made to deepen the practice of Nigerian Content in the Nigerian Oil and Gas Industry since its establishment in 2010.

Some of the evidence is that unlike before when we had just a few companies, there are currently more than 8,000 service providers and more than 60 operating companies registered on the NCDMB JQS portal, he noted.

Other achievements include the establishment of two world-class pipe mills and five impressive pipe coating yards and establishment of four active dry docking facilities in Port Harcourt, Onne and Lagos.

Providing further statistics, the Minister said that ”before 2010, only three percent of marine vessels were Nigerian owned, but today, Nigerians control and own over 40 percent of vessels that are used in the oil and gas industry. In the area of fabrication, Nigeria can handle fabrication of more than 60,000 tonnes per year with its array of world-class fabrication yards.”

He also expressed delight over the growth of a large number of successful indigenous operators which now account for more than 15 percent of our oil production and 60 percent of our domestic gas production, with infrastructure in place for integration of FPSO in-country.

“The delivery of substantial elements of the Total Egina project and the integration of 6 modules in the country are as a result of Local Content intervention,” he added.

Sylva also hailed NCDMB for the completion of its new headquarters building, complete with 1,000-seater auditorium and 4-level car park. The headquarters building has over 30,000 square meters of ground floor area within the main building that can comfortably accommodate 1,000 workstations, he added.

He identified the construction of oil and gas parks in Bayelsa and Cross River States as another major achievement of NCDMB, noting that each park is expected to create more than 2,000 direct jobs when completed. The parks are meant to enhance local manufacturing by providing power and other infrastructure to enhance Ease of Doing Business and creation of employment, he explained.

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