Local Content

PETAN optimistic about increased local participation in Nigeria’s oil industry

Jan 8, 2015

The Chairman, Petroleum Technology Association of Nigeria (PETAN), Emeka Ene, has expressed optimism for the growing participation of indigenous players in a progressive oil and gas industry in 2015 and the years ahead, The Guardian reports. He stated that more independent local operators will be stepping up to hold the ace in Nigeria’s oil servicing…

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Local companies to gain $10m from NLNG vessel contracts

Dec 18, 2014

Several Nigerian companies are to take part in the supply of products for building Nigeria Liquefied Natural Gas (NLNG) Limited’s six new ships and stand to reap about US$10 million in revenue, This Day reports. NLNG, via its subsidiary company, Bonny Gas Transport (BGT) Limited, in 2013, contracted the building of the new vessels to…

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Nexus awarded technical partnership by GE for Calabar facility

Dec 12, 2014

General Electric has awarded Nexus Alliance Limited the contract for the technical training and capacity development of all personnel that will be engaged at the multimillion dollar manufacturing and assembly facility situated in Calabar, Cross River State, The Punch reports. This was announced by the Vice Chairman of GE, Mr. John Rice, in Abuja during…

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Oilfield services sub-sector growth buoyed by local content

Dec 10, 2014

The Nigerian oilfield services (OFS) sub-sector is in a growth phase, with a forecasted compound annual growth rate of 8 percent from 2014 to 2017. The segment is presently valued at approximately US$23.72bn, representing approximately 5 percent of Nigeria’s GDP according to analysts at CBO Capital Partners. However, at the faster rate of growth the…

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Companies to spend $1.9b on well umbilicals over next 3 years

Dec 10, 2014

Indications have emerged that the oil and gas companies operating in Nigeria would require about 651 kilometers length of umbilicals between 2015 and 2018 to float some of the major hydrocarbon projects in the country. The Guardian however gathered that the length of umbilicals required for the projects championed by mostly oil multinationals would cost…

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Oil price drop will have no effect on Nigerian content – Nwapa

Dec 2, 2014

Ernest Nwapa, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has stated that the current volatility in the prices of crude oil at the international market, which has seen investors selling their shares in international oil companies, would not slow down Nigerian Content in the oil and gas sector, This Day…

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DISCOs import prepaid meters to local manufacturers chagrin

Dec 1, 2014

Muideen Ibrahim, the Executive Secretary of the Electricity Meters Manufacturers Association Of Nigeria (EMMAN) has alleged that electricity distribution companies have refused to patronise indigenous meter manufacturers, The Guardian reports. He states that his members have more than N9.5bn worth of Local Meters ‘wasting’ in warehouses across the country simply because the private investors in…

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Nigerian Content Fund to hit $1bn by 2017 – Nwapa

Nov 24, 2014

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa has said its special fund, the Nigerian Content Fund,  is expected to double to $1 billion by 2017 from $500 million, The Nation reports. He said: “This Fund started four years ago as a zero Fund but today, we are looking at half a billion…

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Shell signs deal with PETAN member company

Nov 19, 2014

Shell Petroleum  Development Company (SPDC), has signed a contract of about N83 million with CB Geo-Solutions, a Petroleum Engineering Technology Association of Nigeria (PETAN) member company,  with the aim of growing indigenous capacity  in the oil and gas industry, The Guardian reports. With the agreement, CB Geo-Solutions is expected to provide pre-sack depth migration of 3D…

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FMC inaugurates first locally-produced subsea tree for Shell project

Nov 18, 2014

FMC Technologies, a leading global provider of technology solutions for the energy industry, has boosted local content efforts by inaugurating its first subsea production tree built entirely in Nigeria, This Day reports. The equipment, manufactured for Shell Nigeria Exploration and Production Company Limited (SNEPCo)’s Bonga Northwest project, marks the company’s first subsea equipment engineered, manufactured,…

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