Expert Advocates Strict Implementation Of Local Content Law

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The Managing Director/Chief Executive Officer of Engineering Automation Technology Limited, Mr Emmanuel Okon, has decried the award of contracts by International Oil Companies to local firms with weak systems and structures.
Okon said in a statement that the trend posed a serious threat to the quest to grow the technical capabilities and manpower base of indigenous firms in the nation’s oil and gas sector.
While speaking to journalists after his induction as a fellow of the Institute of Oil and Gas Research and Hydrocarbon Studies in Port Harcourt, Rivers State, Okon lauded the Federal Government for coming out with the local content law in the oil and gas sector.
He said the law had assisted in the establishment of vibrant indigenous oil and gas service companies in the country.
According to Okon, there has been a rise in recent years in cases of poor regulations leading to IOCs awarding contracts under the local content law to companies without adequate capacity.
He said: “It’s the trend we now see in the industry and it is a total negation of the essence of the local content law; once they complete the job, they shut down, park out and throw out the workers.
“This is not the way to guarantee and deliver the next generation of skilled workforce for the Nigerian oil and gas industry, and regulators should step in and halt this trend by ensuring  that IOCs give jobs to local firms that have structures and systems and that can always sustain their workforce into the next project.”