Business
NCDMB Assures Samsung Of Support On Oil/gas Industry Projects
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola- Ogbe, has assured Samsung Heavy Industries Nigeria (SHIN) of support in it quest to execute oil and gas in the Niger Delta region.
Ogbe gave the assurance, last Friday, when he received a delegation from the company, led by its new Managing Director, Mr. Jin Lee.
A statement from the Corporate Communications/Zonal Coordination Department of the NCDMB quoted the Board’s Executive Secretary as having welcomed the new Managing Director to Nigeria, assuring him of the Board’s support, in line with its mandate to encourage domiciliation of critical oil and gas industry’s operations and patronage of established capacities.
He charged SHIN to work with indigenous service companies, build their capacities and maximize job creation in the economy.
Speaking further, he promised to recommend SHIN to the African Petroleum Producers Organisation (APPO) and other international groups, in furtherance of the Nigerian Content 10-year strategic roadmap’s Sectorial and Regional linkage enabler, which places emphasis on the creation of international opportunities for Nigerian companies that have built outstanding capacities.
The NCDMB Scribe also promised that the Board would visit SHIN’s facilities, in company of representatives of international and indigenous operating oil and gas companies, with a view to accessing their capacities and mobilizing patronage.
The meeting was held at the Board’s Lagos liaison office and discussions focused on the firm’s in-country capacities, which include heavy fabrication and FPSO integration quayside at the SHI MCI free zone, Takwa Bay, Lagos.
The company sought the Board’s assistance to attract new projects to the facility, highlighting their experience to execute major oil and gas projects and pledging support to the Federal Government’s mantra of fast tracking crude oil production and creating employment opportunities for Nigerians.
The SHIN team reminded the Executive Secretary that their facility executed key scopes in-country aspects of Total Energies’ Egina deepwater project, including the partial integration of the Egina FPSO in 2017 and 2018.
The Tide learnt that Egina deep water project remains a reference point for local content accomplishment in the Nigerian oil and gas industry till date.
Lee expressed regret that the facility had not carried out major projects since the onset of COVID-19 pandemic in 2020, when oil industry operations were significantly impacted.
The SHIN officials also requested the Board to introduce their company to the APPO and other international clientele.
According to the firm, the introduction would enable them market their capabilities, attract international businesses, thereby establish Nigeria as a hub for exporting such services in Africa.
The company also announced plans to diversify into the renewable energy space, and contribute towards providing solutions to Nigeria’s energy challenges, saying they intend to manufacture floating foundations and associated assets for wind farms, and other renewable projects.
Ariwera Ibibo-Howells, Yenagoa