The Nigerian Liquified Natural Gas, NLNG, has identified the Nigeria Oil and Gas Industry Content Development Act, NOGICD, as key to accelerating the desired growth as well as building indigenous capacity in the industry.
Chief Executive Officer, NLNG Ship Management Limited (NSML), Abdulkadir Ahmed, who was on panel discussion at the ongoing 2022 Nigeria Oil and Gas (NOG) Conference in Abuja, on Monday noted that the said that the Act would help Nigeria oil and gas companies build capacity and domesticate some of its engineering infrastructure if well implemented.
This year conference has the theme, “Expanding The Nigerian Content Frontier Through Intra-African Trade.”
Ahmed also observed that the Seven Nigerian Content Ministerial Regulations which was officially gazetted by the Federal Government in April 2021 would further support the growth of indigenous capacity of the Nigerian oil and gas industry.
Ahmed whose discussion centered on the implementation of the NOGIC Act compliance and economic regulation, however observed that some sessions of the Act which are ambiguous to the industry should be looked into in order for it (the Act) to achieve desire results.
Also speaking, the executive secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote, expressed the hope that the Seven Nigerian Content Ministerial Regulations would help to strengthen the practice of Nigerian content in the oil and gas sector.
Wabote explained that the regulations, which were approved by the Minister of State for Petroleum Resources, Timipre Sylva, seeks to provide a framework for monitoring the implementation of the prescribed minimum standards for training in the oil and gas industry and achieving definite outcomes regarding the skill, experience and exposure of personnel in the sector.
He noted that “Section 40 of the NOGICD Act empowers the minister to make regulations that will establish the minimum standards in facilities, personnel, and technology for training in the oil and gas industry.”
The ES, listed the seven ministerial regulations as: Regulation No. 1 for training in the oil and gas industry, 2021; Regulation No. 2 for the further growth of indigenous capacity, 2021; Regulation No. 3 for registration of oil and gas professionals with the Nigerian professional bodies; and Regulation No. 4 for the establishment of operations in Nigeria, 2021.
Others include, Regulation No. 5 for Nigerian oil and gas industry technology transfer, 2021; Regulation No. 6 for Nigerian oil and gas research and development, 2021; and Regulation No. 7 for Nigerian oil and gas industry enforcement and compliance, 2021.
Wabote, advised Nigerian content managers to demonstrate competence and knowledge of the laws and guidelines governing local content practice, noting some of them might have not read the NOGICD Act and as such would not be in good stead to properly advise their organisations or contractors on local content-related matters.