14 March 2017, Sweetcrude, Lagos — Federal Government has received commendation for implementing the Local Content Act which has opened windows of opportunities for indigenous oil and gas companies to excel.
Mr Simeon Tor-Agbidye, the Assistant General Manager, AGM, Group Business Development, Obijackson Group (An oil services and fabrication company) gave the commendation in an interview with journalists on the sideline at the just concluded Nigerian Oil and Gas Conference, NOG.
He said that the Local Content Law has recorded great success in creating homegrown skills in the country’s oil and gas sector of the economy adding that it has opened the floor for indigenous companies to prove that they were capable of playing competitively in the international oil and gas scene.
“With the Local Content Act, we have made significant progress as a nation and assumed a position of dignity amongst International Oil Companies, IOCs, and other players in the sector, who are the beneficiaries of our first-rate services,” Tor-Agbidye said.
He explained that Nigerian companies have the capacity to carry out contracts efficiently like other foreign companies dominating the oil and gas sector of the Nigerian’s economy stressing that Nigerian companies, technicians and engineers have acquired expertise, and built capacity that has increased indigenous participation in the Nigerian Oil and Gas sector as a resulting of implementation of the Local Content act.
Tor-Agbidye said that a subsidiary of the Obijackson Group – Energy Works Technology Limited, is fabricating part of the topside facilities of Total’s Egina floating 200,000 barrels per day production, storage and offloading (FPSO) vessel.
Commenting on other projects executed by the company, Tor-Agbidye said: “We have completed scope for that project and a few weeks ago, we had a sail off for the Oil Loading Terminal (OLT) piles for the project. We sailed them off to South Korea where they will be integrated on the FPSO. We have finished that.
“We are at the final stages of completing K2s pipeline for Shell Petroleum Development Company (SPDC). We are also progressing smoothly with the pipeline. The project is engineering, procurement and construction contract for the 40kmx20 inches export pipeline to re-route Kolo Creek gas to Soku Gas Plant.”
Tor-Agbidye said that the company had also recorded smooth progress with the OB3 pipeline, adding that Obiafu/Obrikom–Oben is an EPC contract for the 64.5km x 48 inches gas pipeline project.
He said that the project will soon be completed, adding that the scope of OB3 was actually split between Nestoil and Oilserv.