Oil & Gas
By Anthony Isibor
THE Nigeria Content Development and Monitoring Board, NCDMB, says that it has already achieved 54% in five years of the10-year 70% local content target.
According to Ginah O. Ginah, General Manager, Corporate Communications and Zonal Coordination of the NCDMB, the record of 54 percent has surpassed the 42 percent target that was set for 2022 and that it translates to the fact that 54% of all investments in the oil and gas industry in the country today is retained in-country, including the workforce and the sourcing of local materials in the oil and gas sector.
Speaking on this achievement, at the NCDMB Media stakeholders workshop in Lagos on Monday, December 19, with the theme “Enhancing Media Competencies to Support: Nigerian Content in a Gas Economy, Ginah said that the statistics also showed that the average Nigerian Content performance in the last five years was 44 percent and beyond the set targets.
He noted that the board’s investments are helping to create employment opportunities for Nigerian youths, catalyze the local economy and achieve the Nigerian Content 10-Year Strategic Roadmap.
According to him, with the federal government’s declaration of the decade of gas and with the acceptance of gas as Nigeria’s transition fuel, the NCDMB has continued to intensify its investments in gas.
He stated that as a responsive agency, the NCDMB has also taken deliberate steps to actualize the federal government’s declarations in gas and other aspects of the oil and gas value chain by partnering with credible investors to develop critical projects in the sector to take Nigeria towards the goal.
Ginah added that in total, the NCDMB has partnered with 15 firms to set up projects covering modular refining, gas processing, gas distribution, power generation, manufacturing, as well as gas-based projects, among others.
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Some of war gas-based projects, according to him, include our partnership with Runges to produce 1.2 million LPG Composite cylinders per annum in Bayelsa and Lagos States and our collaboration with VEDO Gas Processing Company in Kwale, Delta State for the establishment of 80 million standard cubic feet per day gas processing plant and a 300-million standard cubic feet per day gas gathering hub.
“The Board is also working with Duport Midstream to establish an Energy Park at Egbokor, Edo State. The park would include a 40-million standard cubic feet per day gas processing plant, 2,500 barrels per day modular refinery and 20mw power plants.
“The Board partnered with the NNPC to invest in Brass Fertilizer and establish 10,000 tonnes per day Methano Production plant at Odioama, Brass, Bayelsa State: just as we are investing with Triansel Gas Limited in Koko, Delta State to establish a 5,000m tons per day LPG Storage and Loading Terminal Facility.
“Up north, we supported Butane Energy Limited to establish LPG Bottling Plants in Abuja and 10 Northern States, just as we are investing with MOB Integrated Services for the construction of the 500 Million Tens Inland LPG terminal in Dikko, Niger State.
“The project will include the construction of a Cylinder Refurbishment plant, procurement of 80,000 bottles of LPG Cylinders and acquisition of distribution assets.
“Another important partnership is with Southfield Petroleum to establish 200 million metric standard cubic feet of gas processing plant at Utorogu, Delta State. The project will produce 123,000 Million Tuns Per Annum of LPG, about 10 percent of current LPG demand nationwide.
“In the same vein, the Board is collaborating with Amal Technologies to set up a plant in Abuja to produce Smart Gas/Smoke Detector Alarm devices,” he added.
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Tags: Ginah O. Ginah NCDMB
