The Nigerian National Petroleum Corporation, NNPC has announced an astronomical growth of over 400 percent in local capacity utilisation in the oil and gas industry in less than five years of the introduction of the Nigerian Content Policy.
Dr Mohammed Sanusi Barkindo, the Group Managing Director of the NNPC made the disclosure while delivering a key note address to flag off the 2009 Conference and Exhibition of the Nigerian Content Consultative Forum.
The theme of the conference was: Nigerian Content: Preparing Local Service Delivery for the Industry- Post Legislation.
Describing the NCCF as an effective platform for collaboration between major industry players to develop strategies for effective implementation and appraisal of performance of the Nigerian Content Policy, Barkindo paid tributes to Local Service Providers and multinationals for partnering with the NNPC in this regard.
â€œEvidently you have done a good job of it with a growth of over 400 percent in less than five years of this programme. We in NNPC fully embrace our responsibility as the National Oil Company and will continue to lead this important effort to promote indigenous participation through our operations and those of our Joint Venture partners and contractors,” he said.
He informed that since the inception of the Nigerian Content regime, Engineering Man-hours Performed in Nigeria has increased from a mere 250,000mhrs to over 3,500,000mhrs per annum across over 20 International and Local Engineering Companies established in Nigeria. In addition over $50m was invested between 2006 and 2008 in this regard.
Barkindo also stated that in-country fabrication capacity increased from 12,000tons to over 100,000tons per annum performed by globally certified Nigerian fabrication yards some of which are equipped to carry out high and coded vessel fabrication, noting that the result is that over $140m was invested in yard upgrades from 2006 to 2008.
The NNPC helmsman maintained that Engineers, Geoscientists and Welders are being trained under the Nigerian Content Human Capital Development Program in collaboration with the Petroleum Technology Development Fund, PTDF. He said that over $20m was spent by the NNPC and its partners on training and attachments in this regard between 2006 and last year.
He described the Nigerian Content Policy which is rooted on the concept of domiciliation as a global trend adopted by both established and emerging National Oil Companies to grow local capacity and drive employment thereby increasing indigenous participation.