The Nation Newspaper

Tag: NCDMB

  • NCDMB urges Namibia to prioritise local content

    NCDMB urges Namibia to prioritise local content

    The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the pivot of a presentation by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, an engineer, in Windhoek, Namibia.

    Speaking on the theme “Local Content and Sustainable Inclusive Economic Growth” at the 2024 Namibia Oil and Gas Conference, Ogbe noted that recent discoveries of hydrocarbon deposits had increased the oil and gas reserves of the continent to about 126 billion barrels of oil and about 614 trillion cubic feet of gas.

    The 2024 Namibia Oil and Gas Conference continue with captains of industry from across the African continent in attendance. Namibia has estimated crude oil reserves of 11 billion barrels and gas reserves of 2.2 trillion cubic feet.

    Ogbe said the adoption of local content policy for the oil and gas industry and or other resources was “one veritable means through which African countries can ensure that the utilisation of our resources will translate to energy security, economic development, and industrialisation of the continent,” drawing on the Nigerian experience for illustration.

    According to him, since the enactment of the NOGICD Act in 2010, Nigeria has recorded significant achievements, which include “the creation of over 30,000 direct jobs, over 15 million training manhours, award of over 90% of contracts to Nigerian-owned businesses, utilization of the expatriate management system to ensure 80% of oil companies’ management positions are held by Nigerians, growth of successful indigenous operators who are now responsible for the production of more than 60% of Nigeria’s domestic gas requirements and over 15% of crude oil production, to mention a few”.

    Read Also: Oil, gas service firms get NCDMB’s nod on local content

    He noted “As at the end of 2023, we have reached Nigerian Content level of 54% and we are committed to achieve the set target of 70% by 2027”.

    Engr. Ogbe, who was represented by the General Manager, Corporate Communications and Zonal Coordination, Esueme Dan Kikile, shared NCDMB’s experience as a regulator responsible for deepening and driving local content in the Nigerian oil and gas industry, noting that “a successful local content policy must entail the deployment of six (6) key parameters, namely, regulatory framework, gap analysis, capacity building, funding and incentives, research and development, and access to market.

    According to him, “a law, or decree depending on the political arrangement in a country, sets the framework and boundaries for all local content practitioners.” In Nigeria, the NOGICD Act of 2010 is the regulatory framework that drives local content policy.

    A structured capacity-building intervention, he stated, is also necessary to foster the development of in-country capacities and capabilities, while gap analysis is to ensure that baseline and periodic gap evaluations are carried out to ascertain the human capacity and infrastructure deficits which will then form the basis for developing initiatives, projects, and programmes that will seek to close the identified gaps.

    The Executive Secretary emphasised the importance of research and development, which he noted would facilitate the development of innovative solutions to address peculiar challenges that are being experienced in a nation’s oil and gas industry. In addition, local companies require incentives and low-interest, long-term funds to be able to develop their capacities which will, in turn, enable them to compete favourably in the oil and industry.    

    Similarly, he underscored the necessity for access to market as developed capacities and capabilities need patronage to be sustained. A market, within a country and across international boundaries, is imperative for the potential benefits of enhanced capabilities to be maximised. 

    A robust local content implementation framework that serves as a blueprint, spelling out how local content policy will be implemented, also has to be in place. Five key components of the framework, as instituted by the NCDMB, are Analysis, Guidelines and Regulations, Implementation, Monitoring and Evaluation, and Feedback Mechanism. Faithful adherence to these elements accounts significantly for the success of local content practice in Nigeria.

  • Nigeria, Ghana share knowledge on local content

    Nigeria, Ghana share knowledge on local content

    The Nigerian Content Development and Monitoring Board (NCDMB) has begun a five-day knowledge sharing programme with the Petroleum Ministry of Ghana, in Lagos.

    The engagement seeks to establish technical cooperation between the NCDMB and the Ghana’s Petroleum Ministry through capacity building and learning from the Board’s rich experiences, best practices and procedures in local content development.

    Part of the objective was to foster the Petroleum Ministry of Ghana’s efforts to institute an effective framework that will enhance compliance and deepen local content in their nation’s oil and gas industry.

    The opening programme included a courtesy visit to the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, at the Board’s liaison office, in Lagos.

    During the visit, the NCDMB’s helmsman welcomed the delegation to Nigeria and relayed the Board’s unwavering commitment to the development of African local content.

    Read Also: Vandals of Renewed Hope: Ruling class, journalists as saboteurs

    The Board’s Director, Monitoring and Evaluation, Abdulmalik Halilu, emphasised the need for close cooperation among African oil-producing countries, noting that the technological and financial challenges facing the industry cannot be solved when countries operate in silos.

    Halilu canvassed that African oil producing countries develop unique and specialised capabilities that would facilitate effective trade amongst themselves, and grow the African economy, as envisaged by the African Continental Free Trade Agreement (AfCTA).

    Thereafter, other key officials shared NCDMB’s strategies and operating templates covering supplier development initiatives, Nigerian Oil and Gas Parks Scheme (NOGaPS) and the structure and operations of the agency.

    Presentations in the later days of the week would focus on the operating framework for Nigerian content planning, research and statistics, succession planning processes, Nigerian Joint Qualification System (NJQS), biometrics system, human capacity building, institutional strengthening, Nigerian Content Equipment Certification (NCEC) and other templates.

    Other themes that would be explored as part of the engagement include the Nigerian Content Development Fund (NCDF) operating framework, the Projects Certification and Authorization Division (PCAD) templates and implementing framework, the Monitoring and Evaluation Implementing Framework and the Community Content Guidelines and Stakeholder Management strategies etc.

    The Petroleum Technology Association of Nigeria (PETAN) Project 100 companies and the Oil Producers Trade Section (OPTS), which is the umbrella body of leading international and indigenous oil producing companies in Nigeria, would equally make presentations at the sessions.

    The engagement would end on Friday with NCDMB and the Ministry reviewing a draft Memorandum of Understanding (MoU) and protocols for data sharing.

    The engagement with the Petroleum Ministry of Ghana follows similar sessions the Board has had with the Uganda National Oil Company (UNOC) and the Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH), earlier in the year.

    The Board’s support to the African petroleum industry is propelled by the Nigerian Content 10-year strategic roadmap, which has sectoral and regional linkages as one of its five pillars.

    A key initiative of the pillar on sectorial and regional linkage is the Board’s close collaboration with the African Petroleum Producers Organisation (APPO).

    Under the collaboration, NCDMB has organised several workshops in partnership with APPO, with the inaugural edition held in 2021 at the Nigerian Content Tower, Yenagoa, Bayelsa State, where the idea for an African Energy Bank, was mooted by the NCDMB.

    The Energy Bank has now become fully established under APPO, with the headquarters approved for Abuja.

    In another development, the NCDMB’s Executive Secretary, Engr. Felix Omatsola Ogbe, has commended BEAMCO Nigeria Limited, an oil and gas service firm, for the giant strides it recorded in oil and gas equipment components manufacturing.

    Speaking during the load-out ceremony at BEAMCO’s facility at Apapa, Lagos, Ogbe lauded the Nigeria Liquefied Natural Gas (NLNG) Limited, Saipem-Daewoo Joint Venture, and BEAMCO Limited for enhanced in-country value addition.

    Locally assembled pumps and valves were set for installation and pre-commissioning preparations on the multi-billion-dollar NLNG Train-7 project on Bonny Island, Rivers State.

    Ogbe noted with fulfilment that the feat of sourcing such vital components in-country was made possible by the Equipment Component Manufacturing Initiative (ECMI) launched by the NCDMB in 2013.

    The initiative necessitates the issuance of Nigerian Content Equipment Certificate (NCEC) as a requirement for participation in equipment supply in the oil and gas industry.

    The implementation ensured that NLNG, through its main contractor, Saipem-Daewoo, awarded a contract to BEAMCO for the supply of 17 API (American Petroleum Institute) Pumps and 19 Control Valves in line with NCDMB’s Approved Vendor List for NLNG Train-7 project.

  • Content Board to introduce changes for increased funding

    Content Board to introduce changes for increased funding

    The Nigerian Content Development and Monitoring Board (NCDMB) has planned to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency.

    Its Executive Secretary, Felix Omotsola Ogbe, made this known at the quarterly engagement forum held with the Bank of Industry (BoI), custodians of the fund, in Lagos.

     The ES confirmed that the NCI Fund has since played a crucial role in transforming the oil and gas industry. He stated that by providing essential financial support, the fund has empowered numerous Nigerian companies and fostered local capacity development.

    and promoted sustainable growth.

    He indicated that the NCI Fund has been instrumental in driving and deepening local content development within the Nigerian oil and gas industry and its linkage sectors. The Fund has also supported numerous projects, building capacities along the local value chain and fostering growth among Nigerian companies, he added.

    Speaking further, Ogbe informed that the Board was pursuing continuous improvement and innovation. He said: “We will be proposing several strategic changes that will further enhance the impact and efficiency of the NCI Fund.”

    Read Also:Content Board and the emerging voyage of mischiefmakers

    The Nigerian Content Intervention Fund (NCI Fund) is a portion of the Nigerian Content Development Fund (NCDF), which was set up by section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The NCDF is contributed by one per cent deduction from every contract awarded in the upstream sector of the Nigerian oil and gas industry.

    The NCDMB had deposited $300million with the BoI, which had loaned out $330million to 70 qualified oil and gas companies. The additional $30million accrued from interests from the loans, according to records provided to the Board.

    The NCI Fund is the most successful fund scheme in the country, considering the faithful repairment by the beneficiaries and the growth of the fund.

    The Bank of Industry carries out quarterly project monitoring on the loan beneficiaries, while the NCDMB holds an annual monitoring review on the fund scheme and beneficiaries.

  • President Tinubu and that petition against NCDMB

    President Tinubu and that petition against NCDMB

    • By Kazeem Adeagbo

    President Bola Ahmed Tinubu has a task of ensuring that though corruption fights back, he must be focused and consistent in his resolve to stamp out corruption from Nigeria. Though his administration is making frantic efforts at recovering looted funds from previous administrations, he must see it through.

    The consolation is that he has the staminar and commitment to deliver.

    Aside from the President, the chairman of the Economic and Financial Crimes Commission, EFCC, Mr .Olanipekun Olukoyede also has a Herculean task of not allowing himself to be intimidated.

    That is why Mr Olukoyede, who is the 5th chairman of the EFCC, must see to the petition brought before him by one Mr Israel Sunny-Goli.

    Mr Sunny-Goli is a former member of the House of Representatives who represented Brass/Nembe Federal Constituency in the 9th Assembly.

    Interestingly, this is not the first time the NCDMB will swirl in corruption controversy.

    Already, the House of Representatives is carrying out a public hearing into how NCDMB continues to disburse funds on projects that appear not to be completed.

    Revelations contained in the petition before EFCC are not new. They were first made during an investigative hearing of the House of Representatives Committee on Local Content.

    The latest allegations against the NCDMB leadership are weighty, especially coming from a former lawmaker.

    As regards the latest revelation by Sunny-Goli, the anti-graft agency must carry out a thorough investigation into the controversy surrounding the disbursement of funds by the NCDMB.

    Sunny-Goli has pointed out some alleged discrepancies in the disbursement of funds meant for the Brass Fertilizer and Petrochemical Company Limited, the Atlantic International Refinery and Petrochemical Limited, as well as the Brass Petroleum Product Terminal Limited.

    Though no longer a member of parliament, Sunny-Goli holds the view that “given my years of active political and communal leadership, I am by all standards qualified to express concerns about the overall development of my people and to protect same.”

    According to him, the current status of the project suggests that nothing tangible has been accomplished on this project.

    Unfortunately, this makes its delivery uncertain and gloomy.

    Nigerians are wondering how humongous funds meant for certain projects will be alleged to have been squandered by some individuals who believe they are above the law.

    For example, Sunny-Goli, in his petition, gave a background on the Brass Fertilizer and Petrochemical Company Limited.

    In his petition, he said: “The project was conceived to establish two trains of 5,000MTPD methanol Plants and one train of 500MMscf per day processing plant and associated infrastructure to be sited in Odiama, Brass Island, Bayelsa State.

    Read Also: I made a mistake with Fubara, Wike slams Governor’s camp

    “The total NCDMB equity contribution for this project is $200m. With an initial payment of $20m made in May, 2021, and an annual payment of $60m over the period of three years.

    “Available information indicates that nothing tangible has been accomplished on this project, thus making its delivery uncertain and gloomy.

    Atlantic International Refinery & Petrochemical Limited: This project was conceived for the establishment of a 2,000bpd Modular Refinery, a jetty facility, and a 2MW power plant in the Brass Free Trade Zone (FTZ), Bayelsa State.

    “Its target completion period was 24 months from the date of financial close. A full investment amount of $35 million was released in one bullet in October 2020.

    “The project has stalled and has little or nothing to show for the disbursement made. Delivery timeline is also uncertain.”

    On the Brass Petroleum Product Terminal Limited, the former lawmaker came up with abither revelation that “the investment was for the establishment of a 50 million-litre facility with a two-way product jetty, automated storage tanks, and loading bay in Brass, Baylesa State. The project was initially conceived to have the NNPC Limited and the NCDMB as shareholders with the private company but was curiously financed by the NCDMB alone.

    The project for which funds were disbursed in September 2021, according to him, “has not progressed as expected, and its completion remains not only uncertain but funding by the other shareholders is also not assured.”

    Buttressing his petition, he said: “As can be deduced from the information supplied above, these are well-meaning projects aimed at creating jobs for our teeming unemployed youths, as well as increase the nation’s revenue.”

    He was, however, of the opinion that “to ensure our great nation is not short-changed, and our teeming unemployed youths denied gainful employment opportunities in line with the Renewed Hoped agenda of President Bola Tinubu, I hereby request that your commission immediately institute a thorough investigation into the projects listed above, and prosecute without delay, anyone found culpable in the event of any misappropriation of funds.

    Please find attached pictorial evidence and other documents in support of my claims.”

    We expect the EFCC to swing into action and ensure that those found culpable are made to face the music.

    We expect that the EFCC Chairman will  not forget Section 7: (1) of the EFCC Act which states that “The Commission has power to – (a) cause investigations to be conducted as to whether any person, corporate body or organization has committed any offence under this Act or other law relating to economic and financial crimes; (underlining is mine for emphasis);(b) cause investigations to be conducted into the properties of any person if it appears to the commission that the person’s lifestyle and extent of the properties are not justified by his source of income.”

    ●Adeagbo, an architect, sent this piece from Texas, USA

  • Local content, local fraud

    Local content, local fraud

    • FG should take seriously allegations of loans granted illegally

    Fraud and contempt for probity in public office continue to focus attention of the country, and an otherwise “quiet” agency is in the spotlight: The Nigerian Content Development and Monitoring Board (NCDMB).

    The Federal Government says it is investigating loans obtained by the NCDMB worth $500 million. According to the oil minister, Heineken Lokpobiri, the loans were taken without proper process. For instance, he referred to $20 million loans for a fertiliser factory. But there is nothing to show for it.

    Here is what the minister says about it. “There is also the Brass Fertiliser, NCDMB also released $20m, empty field. So, NCDMB has made some very bad investments. In this case, NCDMB has disbursed about $19Om in different equity investments, and none of them, apart from the Waltersmith modular refinery, can you say is worth a good investment. But the NCDMB under my leadership will not do a thing like that.”

    Some of the stories present the process of giving the loans into a sort of cynical bazaar. Here him again.

    “It is brilliant for the NCDMB to partner with potential investors to build modular refineries, but there are some cases. I give an example: In Bayelsa, there was the Atlantic Refinery that was supposed to be in Brass, my predecessor’s hometown. $35m was paid out by NCDMB, not even one block is there. Normally if the NCDMB is to make an investment, there is a disbursement threshold, but this $35m was released at once. This is the same town that Simbi, the former NCDMB Executive Secretary also came from. When you go there you see an open field, not even one block.”

    We see an allegation of plain impunity as well.

    “Even when there are documents showing, ‘do not do this refinery of $35m’, it was done against the advice. The money was not paid in installments, it was paid at once. The NCDMB under my leadership is reviewing the entirety of those investments. $190m is almost N200bn, some states don’t have that kind of budget.”

    Read Also: ‘Edo APC Dep Gov candidate Idahosa not arrested in Europe’

    His allegations were a direct attack not only on his predecessor, Timipre Sylva, but also the former head and executive secretary of the NCDMB, Simbi Wabote. Lokpobiri intoned, “So, imagine for somebody to make just one bad investment and then wipe away $35m. In the same location we have the Brass Refinery, we have another $20m; we have $50m of investment. The same man – $35m, $20m, and there is another $50m – one man. He should be in jail. If it’s China, they will execute them, but Nigeria is a democratic nation.”

    But the former helmsman of the agency is fighting back.

    Simbi Wabote said, “NCDMB does not interfere in the process you go through to obtain the loan. You go through the BOI because it takes the entire credit risk, and for any loan you take, you have to present a bank guarantee, and if you are not able to perform, BOI calls back the loan. So, the $300m that is given to BOI is the best loan scheme that this country has ever known.”

    That is why the efforts of the Federal Government to get to the bottom of the matter requires detailed work. The concept of the agency is to ensure that Nigerians own their own resources and persons with special skills and investment acumen be empowered to do.

    Bringing fraud into it undermines the dream and confirms the complaints of industry watchers that the oil industry is still under the stranglehold of the foreign experts in spite of the huge resources this country has devoted over the years.

  • NCDMB hails SNEPCO, Bayelsa on learning centre, digital library

    NCDMB hails SNEPCO, Bayelsa on learning centre, digital library

    Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe has lauded the Shell Nigeria Exploration and Production Company (SNEPCo) and the Bayelsa State Government for the completion of a learning centre and digital library at the Niger Delta University (NDU) in Bayelsa State.

    The construction of the centre and library was initiated by SNEPCo in 2007 to enhance education.  

    The state-of-the-art facility, which boasts three floors – a 2,300-seater library building – and a fully equipped digital library, also has a Wi-Fi Lounge, offices, digital educational technology rooms, a 500KVA generator housed within a purpose-built external structure, 500KVA transformer, a dedicated water facility and overhead tank, a restaurant/recreation hub.

    Ogbe, represented by the Director of Corporate Services of NCDMB, Ama Ikuru,  appreciated the state government for making the environment conducive for business.

    Read Also: SON, NCDMB maintain lead as PEBEC releases results on efficiency, transparency

    He noted: “Those of us in the oil and gas industry know that without the enabling environment, there will be no projects and without projects, there will be no local content growth and no projects like this one. The project is part of SNEPCo’s commitment to the Nigerian Content Human Capital Development Initiative.”

    The NCDMB boss added: “I will thank Shell Nigeria Exploration and Production Company Limited (SNEPCO) and, by extension, Shell Companies in Nigeria for showing faith, commitment, and good execution in the delivery of this project.”

    The company’s major partner, Nigeria Upstream Investment Limited was similarly commended “for approving the execution of this project”.

  • SON, NCDMB maintain lead as PEBEC releases results on efficiency, transparency

    SON, NCDMB maintain lead as PEBEC releases results on efficiency, transparency

    The Standards Organisation of Nigeria (SON) has maintained the lead in the efficiency and transparency compliance ranking scale released by the Presidential Enabling Business Environment Council (PEBEC).

    In a report released on Monday, the Standards Organisation of Nigeria, the Nigerian Content Development and Monitoring Board (NCDMB), and the Corporate Affairs Commission (CAC) emerged as the overall top-performing agencies.

    In a statement signed by Foluso Bolaji Director, Public Relations, SON, the report had all the Ministries, Departments, and Agencies (MDAs) of the federal government ranked based on transparency and efficiency compliance, which assesses their ability to provide, cost-effective, timely and customer-friendly services.

    Read Also: Diri tasks NCDMB, SPDC on projects completion

    NCDMB and SON were ranked first and second respectively in terms of efficiency and transparency, the second straight year SON has clinched this award.

    Analysis of the PEBEC Business Facilitation Performance Results which covered January – December 2023 showed that NCDMB scored 70.07 percent, Standards Organization of Nigeria (SON) 69.5 percent, Corporate Affairs Commission (CAC) 65.12 percent, Federal Competition and Consumer Protection Commission (FCCPC), 65.04 percent, and Nigerian Export-Import Bank, (NEXIM) 63.51 percent.

    According to PEBEC, “The high-performing MDAs demonstrated commendable performance in both efficiency and transparency through diligent adherence to their Service Level Agreements (SLAs) during the 2023 reporting year.”

    In acknowledging the recognition by PEBEC, the Director General/Chief Executive, Dr. Ifeanyi Chukwunonso Okeke, credited the accomplishment to the hardworking and diligent staff of the SON, noting that the recognition is a testimony of SON’s unwavering commitment to business and trade facilitation in the country in line with the federal government’s resolve to create an enabling environment for businesses to thrive.

    The director general reiterates the commitment of SON to facilitating businesses with a view to improving life through standards.

  • Content board receives $1m RoI from NEDOGAS

    Content board receives $1m RoI from NEDOGAS

    The Nigerian Content Development and Monitoring Board (NCDMB) has received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments.

    The cheque was presented by the Chairman of the company, Engr. Emeka Ene when he visited the Nigerian Content Tower in Bayelsa State, where he was received by the Executive Secretary, Engr. Felix Omatsola Ogbe and other members of the Board’s management.

    The partnership with NEDOGAS is one of NCDMB’s 15 strategic investments geared towards actualizing the Federal Government’s aspirations in key areas of the oil and gas industry. Most of the projects were targeted at actualizing the Federal Government Decade of Gas programme.

    The Executive Secretary of NCDMB noted that the success story of NEDOGAS at Kwale, Delta State could be replicated in other oil- and gas-producing communities to minimise gas flaring. He declared the Board’s readiness to continue collaborating with the company. “Their model should be extended to other parts of the country where gas flaring is continuing. They have shown that with the modular system, we can quickly remove flaring from our operations in Nigeria.”

    He confirmed that the content board had continued to receive briefings from its investment partners, adding that “we are still waiting for them to come back with success stories. Some of them are near completion and have not started operations yet.”

    Read Also; Tinubu’s economic reforms yielding results, says Alake

    Chairman of NEDOGAS, Emeka Ene conveyed the company’s excitement in returning part of the credit and profit, adding that this “proves that NCDMB’s investment was a success and they are getting back that investment.” He said: “We look forward to further collaboration with the NCDMB to expand the scope,” adding that “NCDMB is now doing effectively and practically and tangibly what it was set up to, which is to impact the economy by direct interventions. That is the way the economy can grow, improve the gas infrastructure in such a way that is sustainable despite the tight economic conditions”.

    The value propositions of the Nedogas project include total eradication of flared gas and conversation of environmental pollutants into products of value and creation of a strategic gas gathering hub and injection node for quick access to market for gas owners to monetize gas.

    Other benefits include the provision of alternative gas supply to western flank of the OB3 line to add to the volumes of economic sustainability and increase in Nigeria’s Gross Domestic Product (GDP), among other reasons.

    Nedogas Development Company Limited (NDCL) is a joint venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company.

  • GEIL, NCDMB begin oil, gas engineering training

    GEIL, NCDMB begin oil, gas engineering training

    In compliance with the Nigerian Oil and Gas Content Development Act, Green Energy International Limited (GEIL), the operator of Otakikpo marginal field OML 11, Lekoil Oil & Gas Investment Limited (JV) in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) has begun the training of Nigerians in oil and gas engineering.

    Aimed at closing the skill gap in the oil and gas industry, and with focus on the engineering sector, the training will deliver the required skill set necessary to meet the growing demand within the sector.

    At the maiden edition in Yenagoa, Bayelsa State capital, Fatimah Mohammed Amate, Government Relations Manager at GEIL noted that “The training will be delivered by Dexterous Applied Training Institute and will target several Nigerians from across various geo-political zones and participants will be trained in the areas of Piping Engineering, Safety Engineering, Electrical Engineering, Health and Safety at the work place, Nigerian content awareness, among others.”

    Also commenting, Spriff Serena-Dokubo and Dr. Lyb Udochu, both Directors at GEIL noted that the company’s commitment to the development of the oil and gas industry cannot be over emphasized.

    Read Also: GEIL, NCDMB commence training of Nigerians in oil and gas engineering

    According to Serena-Dokubo, “The top 5 performing trainees will be offered employment immediately after the training. He further commended the leadership of the NCDMB for their coordination and synergy with GEIL towards the success of the training.”

    In his remarks, Dr. Lyb Udochu encouraged all participants in the program to take the opportunity offered by the company seriously, adding that “over the years, GEIL has ensured that its core thematic areas are geared towards providing direct social investment programmes to address development deficits through employment, training and retraining, empowerment of women and youths, capacity building and skill acquisition, health outreaches, scholarships and direct community contracts.”

    One of the beneficiaries of the training, Chimaobi Nwachukwu highlighted the importance of the training, confirming that it would equip them with the competitive advantage necessary to excel in the oil and gas sector. He said “From my point of view, the programme would provide us with the required skill to be employable in the oil and gas industry and be more valuable to the society.”

  • Firm seeks NCDMB’s equity investment in LNG project

    Firm seeks NCDMB’s equity investment in LNG project

    UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has invited the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and accelerate key approvals that would fast-track the project’s development.

    The request was made at the Nigerian Content Tower in Yenagoa, Bayelsa State when the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe hosted the management of UTM Offshore Limited led by the Group Managing Director, Mr. Julius Rone.

    Read Also: Tinubu replaces Ndiomu with Otuaro as PAP Administrator

    The target completion date of the FLNG project is 2028 and it hopes to contribute about 450,000 tons of liquified petroleum gas (LPG), otherwise known as cooking gas per annum to the domestic market. This will assuage Nigeria’s average demand of about 1.5 million tonnes of LPG per annum and reduce the dependence on the importation of LPG.