56 UK, Nigerian Firms Explore Investment Opporunities

L-R: Head of Nigerian Content Development, Shell Nigeria Exploration and Production Company of Nigeria (SNEPCo), Austin Uzoka, Director, United Kingdom Trade & Industry, Chris Maskell, British Deputy High Commissioner, Ray Kyles, General Manager, Nigerian Content Development, Shell Nigeria, Chiedu Oba, UKTI Specialist, Sue Whitebread, Director ,Monitoring and Evaluation (NCDMB),Tunde Adelana, at the just concluded Nigeria – UK Suppliers Engagement Programme sponsored by SNEPCo and its Co-venturers.

A total of 100 delegates representing 56 companies from Nigeria and the United Kingdom have said they were collaborating to explore business opportunities for investments that would help boost economic development of both countries.
They said this at the annual Nigeria-UK Supplier Engagement programme organised by Shell Nigeria Exploration Company Ltd (SNEPCo) in conjunction with the United Kingdom Trade and Investment (UKTI).
The event, which held in Lagos on July 30, brought together companies engaged in a wide variety of activities in the oil and gas industry, including engineering, maintenance, fabrication and subsea support services.
Speaking at the summit, Chairman, Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC.), Osagie Okunbor, observed that: “The striking feature of this year’s business summit is the presence of Nigerians in the Diaspora in the UK delegation. It shows that our engagements with Nigerians to take up opportunities back home in the oil and gas industry is being well received, and this is good news for everybody.”
Earlier in a welcome address, General Manager, Nigerian Content Development, Shell Nigeria, Chiedu Oba, said “Shell has a long-term and continuing commitment to Nigeria, its people and the economy.
“One of the most significant ways we have delivered on that commitment is by increasing the participation of Nigerian companies and individuals in our supply chain and operations – to ensure that as many Nigerians as possible benefit from our activities and business,” he added.
The General Manager, Production PSC, in the National Petroleum Investment and Management Services (NAPIMS), enjoined the participating companies to work towards taking advantage of upcoming opportunities in the Nigerian oil and gas industry.
He reiterated the importance of local content in the growth of the Nigerian oil and gas industry.
UKTI Director, Chris Maskell, thanked Shell for the continued support on the Nigeria-UK Supplier Engagement programme.
The UK delegation, which included Nigerian experts in the Diaspora, who SNEPCo had reached in previous business summits in Aberdeen and London, first met with Shell Companies in Nigeria on areas of need and technical gaps.
The UK delegation also held networking meetings with their Nigerian counterparts, which included several members of the Petroleum Technology Association of Nigeria (PETAN).
Also speaking at a reception organised by UKTI for the suppliers, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Denzil Kentebe, lauded the Shell initiative for fostering partnerships that will help local vendors strengthen their technical capability.
SNEPCo had initiated the Nigeria-UK Supplier Engagement programme in 2009, which had led to some 27 partnerships between Nigerian and UK companies, with another 43 partnership discussions progressing well.
Shell Companies in Nigeria are major contributors to the national economy, not only through the energy they produce and the revenues generated, but also via achievements in supply chain management, and boosting local content and social investment in the country.