The Nigerian Content Development and Monitoring Board (NCDMB) and the Indigenous Petroleum Producers Group (IPPG), have signed a Service Level Agreement (SLA), which would drive local content implementation and simplify the procurement and tendering processes for oil and gas projects.

The Executive Secretary of NCDMB, Mr. Simbi Kesiye Wabote, and the agency’s General Manager, Projects Certification and AuthoriSation Division (PCAD), Mr. Paul Zuhumben, signed on behalf of the Board at a ceremony held yesterday in Lagos.

The Chairman of the IPPG, Mr. Ademola Adeyemi-Bero, and the Managing Director, Newcross Petroleum Limited, Mr. Victor Sodje, signed for the operating companies.

The SLA was developed by the two parties in line with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and in sync with the Board’s 10-Year Strategic Roadmap.

The Executive Secretary said the SLA would enhance the reduction of contracting timelines to six months to meet the target set by the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu. The agreement with the IPPG is the third in the series.

The Board had executed similar pacts with the Nigeria Liquefied Natural Gas (NLNG) and the Oil ProducersTrade Section (OPTS) – the umbrella body of major oil producing companies.

Source: THIS DAY