Oil & Energy
NAE, PETAN Partner On Local Content Dev.
As part of the efforts to pro
mote the creation of growth opportunities for indigenous entrepreneurs and develop local professional skills towards technology transfer in the oil and gas industry, the Nigerian Agip Exploration (NAE) and Petroleum Technology Association of Nigeria (PETAN) have signed a memorandum of understanding (M0U) to enhance the implementation of the Nigerian Oil and Gas Industry Content-Development (NOGICD) Act.
NOGICD, The Tide reports, is the quantum of composite value added to the economy by a systematic development of capacity and capabilities, through the deliberate utilization of Nigerian human, material resources and services, as well as act as a legal tool to ensure compliance by stakeholders in the oil and gas sector.
The M.o.U between NAE and PETAN which was signed last Thursday by NAE Vice Chairman/Managing Director, Massimo Insulla, and the chairman PETAN, Engr Emeka Ene, during the Vendor gap closure opportunities engagement/exhibition, organised by NAE in Port Harcourt, was witnessed by the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), who was represented by Manager, Monitoring Evaluation, Dr. Johnson Olajuyigbe and supervised by the chairman House of Representatives Committee on Local Content, Honourable Asita o Asita.
In his remarks, the chairman House Committee on Local Content, Honourable Asita, charged indigenous companies to fully utilise the opportunities provided in the Act, aimed at encouraging indigenous participation in the activities of the oil industry.
He opined that local contractors and vendors should equip themselves with proper skills and technical-know-how required to key into the system, noting that effective and successful utilization of Nigerian Human, material resources and services remains the primary focus of the Act.
The NAE Vice Chairman/Managing Director, Masimo Insulla, in his address, said the forum was aimed at promoting collaborative efforts towards in-country Nigeria content gap closures and capacity development initiatives and with a view to create value for stakeholders as well as contribute to economic sustainability of the country.
He enjoined operators to give full and effective support to technology transfer by encouraging and development of licensing agreements between Nigerian and foreign contractors and service supply companies.
In his speech, the chairman PETAN, Engr Emeka Ene, said membership of PETAN are growing in number and have created over 20,000 direct and indirect jobs.
He posited that now that the gaps have been identified it behoves on stakeholders to improve on their strength and capabilities so as to meet the necessary requirements needed to flow with the trend.
High light of the engagement was exhibition of equipment and wares by over 50 companies that participated.
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