An Energy expert and Managing Director of PE Energy, Mr Daere Akobo, has described the Nigerian Content Development and Monitoring Board (NCDMB) as the best in Africa, especially in the Sub-Sahara region.
Akobo, who made the observation recently in Port Harcourt in an exclusive interview, said the Board is is not just the best in Africa, but has become worthy of emulation by other nations in Sub-Sahara and Africa at large.
He explained that NCDMB is policy driven and in the process doing well to live up to expectations, especially in setting guidelines and minimum content levels for activities that were project-related across the Oil and Gas chain of values.
According to him, ‘‘Apart from being policy driven, the NCDMB was fast promoting investments and employing Nigerians as well as engages in targeted capacity-building interventions that would deepen indigenous capabilities, human capital development, infrastructure and facilities, manufactured materials and local supplier development.
“They also ensure the growth and management of Nigerian Content Development Fund.
“What was happening in the NCDMB was unbelievable as it effectively established, operated and maintained the Joint Qualification system (NOGICJQS) in partnership with stakeholders in the industries and in the process, increase values and build industries and technology”.
He expressed delight in the progress and the ability of the NCDMB, and advised Nigeria, and African business men, to cue in, noting that “the multi-national oil companies in the country, as at today, do not believe that an organisation like NCDMB could carry out the level of good administration and job being done there.
“The NCDMB had also made progress in monitoring the compliance of Nigerian content by operators and providers of services in terms of accumulative spending, creation of employment and sources of local goods, services and materials used in operations and projects.
“The running of NCDMB to achieve this amiable height and quality delivery was a team work under the management of the Executive Secretary, Engineer Simbi Wabote, who is leading by vision, good management and leadership by example”, he said.
He disclosed that PE Energy Venture, which he Head, is a direct beneficiary of the good management and administration in the Nigerian Content Development and Monitoring Board.
By: Ike Wigodo & Tonye Nria-Dappa
NCDMB Lauds TotalEnergies On Ikike’s First Oil
The Nigerian Content Development and Monitoring Board (NCDMB) has lauded management of TotalEnergies EP Nigeria Limited for achieving first oil from the Ikike offshore project.
Recall that The Tide source reported that TotalEnergies’ Ikike project which had its investment decision in 2019 had achieved first oil last month, without any lost time injury or incident and with significant local content milestones.
Ikike, located within OML99, is 15km North of Amenam and 20km offshore, will increase TotalEnergies’ crude oil production within the oil block.
Commending the French multinational, the Executive Secretary of NCDMB, EngrSimbiWabote, noted that TotalEnergies has demonstrated true leadership of Nigerian Content development by continuing to invest in Nigeria and achieving great strides in Nigerian Content when other operators were divesting from fields in Nigeria.
Wabote spoke recently at the ground-breaking ceremony of human capacity development projects for Government Technical College in Port Harcourt, Rivers State.
“Let me at this juncture thank the management of Total Energies for demonstrating faith and commitment to the betterment of Nigeria. Let me also congratulate the management of Total for achieving the first oil of the Ikike project.
“But Total Energies has demonstrated that indeed they are a true leader of Nigerian Content Development, and when many other operators are divesting from fields in Nigeria, Total has continued to invest in Nigeria and achieving great strides in Nigerian Content.”
Wabote, represented by the Director, Planning, Research and Statistics, Mr. Patrick Obah, said the Board had developed a guideline that allocates 60 percent of the Human Capacity Development budget on major oil and gas projects to the strengthening of training institutions.
Under the guideline, according to the NCDMB boss, a large chunk of the HCD commitments on projects will be channeled towards the upgrade and provision of facilities in institutions that train relevant workforce for the oil and gas industry.
The remaining percentages of the HCD budget, he said, will be applied to other human capacity programmes, stressing that the Board has placed emphasis on human capital development.
NNPC Renews Oil Production Contracts For Five Deepwater Blocks
The Nigeria National Petroleum Corporation Limited (NNPC), has renewed oil Production Sharing Contracts (PSCs) with International Oil Companies (IOCs) and local firms for five deep water blocks, which could produce up to 10 billion barrels over the next 20 years.
The renewal ceremony on Friday was attended by officials of the NNPC and the affected oil companies.
Bala Wunti, head of the National Petroleum Investment Management Services (NAPIMS), an NNPC subsidiary, said the renewed agreement should lead to the production of 10 billion barrels of oil.
NNPC jointly and separately owns the Oil Mining Leases (OMLs) 128, 130, 132, 133, 138 blocks with oil majors Shell, Equinox, Chevron, ExxonMobil, China’s Sinopec and Nigerian firm, South Atlantic Petroleum.
Nigeria, a member of the Organization of Petroleum Exporting Countries (OPEC) is heavily reliant on oil for its revenues, but has been unable to get the full benefit of a surge in energy prices this year as years of underinvestment have prevented it from meeting its OPEC output targets.
MeleKyari, Managing Director/CEO, NNPC Ltd, said investment had been slowed by disputes over revenues and taxes that stemmed from previous contracts.
Protracted negotiations had reduced “all ambiguities” to a minimum for the new 20-year contracts and any disputes related to past contracts had been settled amicably”, he said.
Under the new contracts, the NNPC will work alongside local and international energy companies.
The international companies attended Friday’s signing ceremony but made no comment.
The most common partnerships used by Nigeria are joint ventures and production-sharing agreements, which were first introduced in 1993 and have cumulatively accounted for about 40% of Nigeria’s oil production, NNPC said.
The companies pay the government in the form of royalties and tax as well as providing the state with oil and gas.
‘Seplat’s $1.28bn ExxonMobil Assets Acquisition, Contempt Of Court’
The Akwa Ibom State Government says President MuhammaduBuhari’s consent for Seplat Energy to acquire shallow water assets of Mobil Producing Nigeria Unlimited (the Nigerian arm of ExxonMobil Corporation) amounts to contempt of court.
Recall that President Buhari on Monday granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy in a $1.28 billion deal announced in February.
But, the AkwaIbom State government said the transaction was subject to restraining orders of injunction of the High Court of Akwa Ibom State, sitting in Uyo in Suits No. HEK/56/2018, between Attorney General of Akwa Ibom State V. Mobil Producing Nigeria Unlimited and HU/209/2020, Mobil Producing Nigeria Unlimited V. Governor of Akwa Ibom State and three others.
The Attorney General and Commissioner for Justice in Akwa Ibom State, Uko Essien Udom, explained that ExxonMobil, Seplat Energy, NNPC Ltd and the Federal Government were all aware of the court order, as they were all served.
Udom expressed regret that President Buhari’s interference with the judicial process of a court of competent jurisdiction was sad and ill-advised, and was contemptuous of the High Court of Akwa Ibom State.
He warned that anyone who deals with the shares or assets of Mobil Producing Nigeria Unlimited during the subsistence of the said orders and in the pendency of the above suits, was doing so at his or her own risk.
“ExxonMobil, Seplat Energy, NNPC Ltd and the Federal Government of Nigeria, all have actual knowledge of the court orders, having been duly served with the orders and/or various newspaper publications of same.
“This executive interference with the judicial process of a court of competent jurisdiction is sad and ill-advised, and is contemptuous of the High Court of Akwa Ibom State.
“The State urges the Nigerian Upstream Petroleum Regulatory Commission to take the above facts into consideration as it considers its position in this matter.
“Take notice, therefore, that anyone who deals with the shares or assets of Mobil Producing Nigeria Unlimited during the subsistence of the said orders and in the pendency of the above suits does so at their own risk. Let the buyer beware,” he said.
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