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‘Egina, Pushing Nigerian Content Frontier’

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Being a text of a keynote address by the Deputy Managing Director, Deep Water, Total Upstream Companies in Nigeria, Mr. Ahmadu-Kida Musa, at the Nigeria Oil & Gas Conference & Exhibition (NOG) 2018, held at ICC, Abuja, July 2, 2018.
The theme of this
seminar,  “Nigerian Content: The Next Frontier” is relevant for understanding the need to drive the Nigerian oil and gas industry towards sustainable development and growth. It is also an opportunity to discuss important issues the industry may be grappling with as it tries to assume a more local approach in its activities.
I am, therefore, rather delighted to speak about the modest Nigerian Content efforts at Total and what is seen as the next frontier for the industry in terms of in-country activities. You must, however, forgive me, if you find that, in the course of my speech, I keep returning to my current favourite subject, namely, the Egina Project.
Egina Project was sanctioned in 2013, three years after the Nigerian Oil and Gas Industry Content Development Act was signed into law, but It is important to look back at where the sector was to enable us appreciate achievements recorded.
And today’s achievements will be the second part. I will look at the Industry’s post-NOGICD response and what progress was made in advancing Nigerian Content.
The last part will focus on the next frontier for the industry in this area and, with that, we shall wrap up this conversation on a subject I find very interesting.
PRE-NOGICD ACT 2010
Until a few decades ago, the key players in almost all the key sectors of Nigeria’s oil and gas industry were the international oil companies. From exploration to production, refining and trading, the main actors were foreign multinationals.
Oil blocks and assets were owned by foreign oil majors and oil service contracts for engineering, drilling, wireline logging services, supply of safety equipment, construction & fabrication, etc. were largely awarded to foreign owned companies. All these companies were, of course, managed by foreign personnel especially for technical positions. Many project teams were based abroad and only a few Nigerians were lucky enough to be trained abroad or to work abroad, to acquire the relevant technical knowledge and experience necessary to take up key positions in Nigeria.
But by the 1990s, Nigeria joined other emerging economies who sought to take ownership and control of their natural resources for exploitation and transformation into economic development.
To achieve this, some of these emerging economies began to formulate policies and legislation that would compel economic actors to adopt policies that promoted local over foreign.
In 2005, Nigeria took what many analysts consider the most significant step towards Nigerian Content by introducing what was known as the Local Content Policy. As you well know, the main thrust of this Local Content Policy was to promote a framework for which local competencies in the oil and gas sector will be developed through the active involvement of Nigerians using local resources.
The intention of the government, at the time, was to use the local content Policy as a means of discouraging capital flight in the oil and gas industry.
At that time, the Nigerian Government’s Local Content Policy implementation was administered by guidelines issued by the regulatory agencies such as the Department of Petroleum Resources (DPR) and the Nigerian Content Division of the Nigerian National Petroleum Corporation (NNPC).
With this, the industry started to take some steps to embrace Nigerian Content. Some partnered with local contractors on low-risk projects because of concerns about quality and the availability of local capacity. Others embarked on some capacity building efforts, setting up training schools or supporting the upgrade of local yards to manage certain workscopes. Indeed, it has been said that before the Nigerian Oil and Gas Industry Content Development Act came into effect, many industry players approached Nigerian Content as a matter of Corporate Social Responsibility.
Nigerian content was carried out at the discretion of the individual company and often dependent on availability of funding and previous experience with local contractors and partners. Nigerian Content was not really seen as an obligation by many operators. It was often something that was done as an expression of goodwill.
However, there were of course some companies that realised that developing local competencies was a key to sustainability in the future.
It was during this pre-NOGICD period that Total decided to invest in the establishment of a world class petroleum training institution right here in Nigeria; showing its commitment to capacity building and the development of Nigerian Content.
The Institute of Petroleum Studies (IPS), Port Harcourt, was established in a unique tripartite collaboration with the University of Port Harcourt, Nigeria, the French Petroleum Institute, IFP, France and the NNPC/Total E&P Joint Venture.
The institute has consistently produced highly skilled manpower equipped with both the intellectual and technical competencies required in the oil and gas industry. Since its establishment in 2003, IPS has produced over 400 Master of Science graduates and about the same number of Engineering Diploma degree holders; many of whom have filled key positions in various oil and gas companies in Nigeria!
On Total’s projects, Nigerian Content was already a major component before the NOGICD ACT. The Akpo Project, which was sanctioned in 2005 recorded a cumulative Nigerian Content performance of 44%. In 2008, the FID was taken on the Usan Project and by the time the project was completed, the Nigerian Content record had climbed up to 60%.
The point here is that even before Nigerian Content became a matter of law, some in the industry were already on board
POST-NOGICD ACT 2010
On April 22, 2010, the way the business of oil and gas was done in Nigeria changed. That was the day the Nigerian Oil & Gas Industry Content Development Act was signed into law. And the industry, which had already started to embrace the objectives and ideals of Nigerian Content, needed to double its efforts.
The NOGICD Act ushered in an era where in-country value became the focus. With the government now leading the charge with legislation and efficient monitoring through the NCBMB, things began to change more rapidly.
The underlying philosophy and objectives of Nigerian Content today include a focus on:
In-country competency development,  technology development ,   job creation, revenue retention, research and developmentas well as  industrialisation.
The relationship between the Nigerian Content Monitoring & Development Board (NCDMB) and the Industry is that of partners who understand that their goal is the same: local capacity means more robust bottom lines for the Industry and more value for the country as a whole.
In this context, more Nigerian owned engineering firms as well as construction and fabrication yards became more visible as important players in the industry. Many of them became strengthened to participate in FEED and eventually improved capacity fabrication yards began to compete for major development projects.
I must add though that a lot of oil and gas Companies were sceptical of the final destination of this new found impetus by Nigeria on local content.

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Renewable Energy Investment Forum Begins Nov. 25

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Nigeria’s growing solar market will take centre stage as the Renewable Energy Forum Africa (REFA) 2026 holds in Lagos on November 25-26 with the backing of the Rural Electrification Agency (REA).

Organised by the Africa Solar Industry Association (AFSIA) and supported by SolarPower Europe, the forum would bring together investors, developers, regulators, utilities and policymakers at the Radisson Blu Anchorage Hotel, Victoria Island.

The agency said the forum would strengthen partnerships, attract investment and support Nigeria’s clean energy and local manufacturing ambitions.

REA Managing Director, Abba Abubakar Aliyu, is billed to deliver the keynote address at the opening plenary.

The forum would also examine local manufacturing following the launch of Nigeria’s first privately owned 100MW solar module assembly plant in Ibeju-Lekki, Lagos.
The event would also feature B2B meetings, an exhibition and the AFSIA Awards on November 25.
It would be noted that Nigeria is West Africa’s leading solar market, with about 618MWp operational capacity, ranking first in the region and eighth in Africa, according to AFSIA.

The country also leads the continent in mini-grid capacity with 132MWp, while its commercial and industrial (C&I) solar capacity stands at 385MWp.

The market is receiving fresh support through the $750m World Bank-backed Distributed Access through Renewable Energy Scale-up (DARES) programme, targeting 1,350 mini-grids and electricity access for 17.5 million Nigerians.

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CBN Appoints Eight New Pre-shipment Agents For Crude Oil And Gas Exports

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The Central Bank of Nigeria (CBN) has appointed eight pre-shipment inspection agents to monitor crude oil and gas exports, alongside two monitoring and evaluation agents to oversee their activities.
The appointments, announced in a notice signed by Aderinola Shonekan, Director of the CBN’s Trade and Exchange Department, took effect on October 2, 2026, under the Nigerian Export Supervision Scheme.
The notice directs authorised dealer banks, the Nigeria Customs Service, petroleum regulators, terminal operators and oil and gas companies to comply with the revised arrangements.
The CBN assigned the eight inspection agents to specific crude oil and gas export terminals as part of the revised framework.
The allocations are as follows:
Dakee Engineering and Construction Ltd.: LNG, Escravos (Gas), Bonny River Terminal (BRT) and EGTL.
Trexem Energy Services Limited: Egina, Qua-Iboe and Tulja. Geoscape Limited: Escravos, ERHA, Odudu and FSO Cawthorne.
617 Limited: Bonga, Brass, Usan and Eagle.Robinson International Energy Ltd.: Ugo-Cha, Penington, Aje, Ima, Oyo and Nembe. Trobell International Nigeria Limited: Forcados, Bonny and Okwori.
Integrated Shipping Services Nigeria Ltd.: Akpo, Antan, Okoro, Anyala-Madu and Ebok.
Kephren Business Ltd.: Ukpokiti, Utapate, Yoho, Abo, Agbami, Ajapa, Okono, Okwok and additional marginal streams designated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The CBN also appointed two monitoring and evaluation agents, the Q&Q Control Services Limited and the Arlington Securitas Nigeria Limited to oversee the inspection companies.
The Q&Q Control Services Ltd. would monitor 617 Limited, Trexem Energy Services Limited, Geoscape Limited and Kephren Business Ltd while the Arlington Securitas Nigeria Limited would monitor Dakee Engineering and Construction Ltd., Trobell International Nigeria Limited, Robinson International Energy Ltd. and Integrated Shipping Services Nigeria Ltd.
The latest appointments follow previous changes to the CBN’s monitoring arrangements for crude oil and gas exports.
The latest changes update the companies responsible for inspecting export cargoes and the terminals assigned to them. The notice requires the relevant institutions and operators to comply with the new allocations from October 2, 2026.
The appointments also come amid growth in Nigeria’s gas export earnings.
According to the CBN, Nigeria’s gas export earnings rose to $2.53 billion in the first quarter of 2026, reflecting stronger earnings from the country’s natural gas sector and contributing to its external trade position.
The revised inspection arrangements place designated agents in charge of specified export terminals, while the monitoring and evaluation companies oversee the inspection agents’ activities under the scheme.
Recall that in May 2024, the apex bank appointed 11 pre-shipment inspection and monitoring agents under the export supervision scheme.
The government subsequently reviewed the allocation of oil export terminals in March 2025, assigning additional terminals to nine inspection agents appointed under the scheme.
In July 2026, the CBN also appointed Candid Oil Services Limited as the pre-shipment inspection agent for the Taurus Oil and Gas Depot.
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What’s Next for Global Natural Gas Demand?

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The Iran war and the lack of LNG supply from the Middle East have upended forecasts of near-term natural gas demand and import costs.
So far this year, economies in Europe and Asia have relied more on renewables and coal for power generation to offset reduced gas supplies procured at very high prices.
This year’s crisis has prompted governments to rethink energy policies with energy security the top priority, again, after the 2022-2023 energy crisis.
After the decline in global gas demand this year, due to prices at four-year highs, the obvious question for gas market participants is where demand is going after the current crisis ends. Has the second gas crisis in four years permanently undermined expectations of long-term gas demand growth?
Gas cannot be replaced in many industrial processes, yet. Electricity-generating systems in major economies that have relied on gas for power cannot have a reliable electricity supply without gas.
Still, this year and over the past four years, key gas markets in Europe and Asia have seen the share of gas in their electricity mix decline.
The UK, the Netherlands, and Turkey, and major Asian economies China, Japan, and South Korea, have all seen the share of gas-fired electricity drop, according to data from think tank Ember cited by Reuters columnist Gavin Maguire.
The spike in natural gas prices has accelerated Europe’s renewables rollout, which took off in earnest earlier this decade when Russia invaded Ukraine in 2022 and cut off pipeline gas supply to most of Europe. The share of renewables has surged in the EU and the UK in recent years, gradually sidelining gas as the reliable backup fuel rather than the one meeting growing electricity demand.
Globally, “Gas is losing its share in the global power mix as renewables increasingly meet rising electricity demand,” Ember said in a report earlier this year. The analysis found that the share of gas in the global power mix declined for the fifth consecutive year in 2025, despite a small rise in absolute gas generation. Strong growth in clean power, led by solar and wind, met around 68% of global electricity demand growth over the five years to 2025, reducing the need for a significant rise in gas power generation
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According to Ember, 61 out of 124 economies generating electricity from gas had passed their gas generation peak.
However, these countries accounted for around one-fifth of global gas-fired electricity generation in 2025. So the large gas-generating economies, albeit a smaller group, haven’t seen their peak in gas power generation.
The biggest emerging economies, China, India, and Brazil, have actually met their surging electricity demand without turning to gas, Ember noted.
China’s gas share remained close to 3% of the electricity mix in 2025 despite rapid demand growth, while gas power generation in India and Brazil plays a more limited balancing role, the think tank said.
“The economics and energy security case for electricity are increasingly moving in the same direction,” said Malgorzata Wiatros-Motyka, ?Senior Electricity Analyst at Ember.
“As renewables lower costs and reduce exposure to fuel price shocks and geopolitical disruptions, gas is steadily losing the advantages that once made it the default fuel for power system growth.”
The writing may have been on the wall for natural gas producers and exporters if natural gas was only used in power generation.
But natural gas key uses include as feedstock in industrial manufacturing, including cement and steel, as a chemical feedstock for fertilizer, or as the start of the supply chain of manufacturing plastics, paints, synthetic fabrics, and medicine, to name a few.
And then comes the biggest twist in energy and electricity demand forecasts in recent years—the AI boom. Data centers will drive a large part of the rise in global electricity demand, which has returned to growth even in the U.S. and Europe after a decade or so of flatlining. Renewable energy alone will not meet the surge in power demand, and gas will play a key role in America and in most of Asia, where many countries are positioning to become AI and data center hubs.
The biggest LNG producers, exporters, and traders see long-term gas demand growth intact despite this year’s supply shock that is reducing consumption amid spiking prices.
For example, Shell, the world’s biggest LNG trader, said in its annual LNG Outlook 2026 this summer that surging gas demand in South and Southeast Asia would push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis.
Shell sees global LNG demand increasing to nearly 700 million tons annually by 2050, up by around 65% from the 2025 levels of 422 million tons.
“The conflict created a system-wide shock with disruption cascading across all segments of the economy, but the LNG industry has proved resilient and able to adapt to changing market conditions,” Cederic Cremers, President of Integrated Gas at Shell, commented in the outlook.
“While more investment in both supply and demand infrastructure is needed, the long-term outlook remains strong and LNG will continue to be a stabilising force in the global energy system.”
The International Gas Union (IGU) said in its 2026 World LNG Report in July that “while LNG industry is not immune from the challenges of operating in an era of heightened geopolitical uncertainty, its unique ability to re-distribute large quantities of clean-burning energy from a broadening supply base only enhance LNG’s role as a ‘shock absorber’ to the global economy.”
By; Tsvetana Paraskova
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