Local content: FG reads riot act to IOCs

 

International oil companies and promoters of new deepwater projects in Nigeria must deliver Nigerian Content milestones that would exceed in-country integration of Floating, Production, Storage and Offloading (FPSO) platforms, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.

This is because Total Nigeria’s Egina Deepwater project, which will be integrated at the LADOL Free Trade Zone has become the benchmark for Nigerian Content on deepwater projects, hence forthcoming projects have to break new records.

The Executive Secretary said these in a statement, after inspecting facilities of Samsung Heavy Industries (SHI), the main contractor for the Engineering, Procurement, Construction and Installation (EPCI) of the FPSO scope on the Egina project.

He confirmed that incountry integration of the FPSO and fabrication of six modules of the vessel created 5000 direct jobs and 5000 indirect jobs. Increased domiciliation of future FPSO projects through the fabrication of more modules would create additional jobs, estimated to reach 30,000, he added.

The Board would not, according to Wabote, rest with regards to the implementation of the Nigerian Content Act. He added: “New projects must look at doing FPSO integration and more; we must add something to our achievements.” Six modules of the Egina FPSO were fabricated incountry across some yards whereas 12 modules were welded at Samsung’s base, Geoje, South Korea. He affirmed, “For next FPSO, more modules must be fabricated locally.”

Wabote, who expressed delight with level of investment and the utilization of local workforce, described the project as an example of possibilities, giving assurance that the Board will continue to work with industry stakeholders to develop new projects and domicile more work in-country

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