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NCDMB to host African Local Content Roundtable in Yenagoa
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The maiden edition of African Local Content Roundtable has been scheduled to hold in Yenagoa, the Bayelsa State capital, on 3rd and 4th of June, 2021.
It would attract several dignitaries and policy leaders in the oil and gas, government, development agencies, and related sectors connected to the oil and gas sector.
A statement by the organisers said the objective of the Pan-African engagement, is to institutionalize peer review mechanism among African oil-producing countries on local content , as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources.
Views: Visits 7 The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable in a bid to institutionalize peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources. The organizers in a statement issued on Tuesday noted that over the years, critical stakeholders in the oil and gas sector in Africa have been fascinated by the remarkable impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources which is anchored on the philosophy of In-Country Value Addition.
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable in a bid to institutionalize peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources. x
The organizers in a statement issued on Tuesday noted that over the years, critical stakeholders in the oil and gas sector in Africa have been fascinated by the remarkable impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources which is anchored on the philosophy of In-Country Value Addition.
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the maiden edition of the African Local Content Roundtable in a bid to institutionalise peer review mechanism among African oil-producing countries on local content as a key development imperative for domestication and sustainable growth of Africa’s hydrocarbon resources.
The organisers, in a statement issued on Tuesday, noted that over the years, critical stakeholders in the oil and gas sector in Africa have been fascinated by the remarkable impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources which is anchored on the philosophy of In-Country Value Addition.
Kema Maxwell
President Muhammadu Buhari had in March approved a decision to revoke the Oil Mining Licences of Addax Petroleum being managed by Sinopec and domicile same with the Nigerian National Petroleum Corporation (NNPC) for allocation to new operators.
The industry regulator, the Department of Petroleum Resources (DPR) announced the revocation of the Production Sharing Contract (PSC) of four Oil Mining Licences (OMLs) previously managed by the Chinese oil company Sinopec and assigned the rights to an indigenous consortium.
Our Group, Good Governance Advocates, which is committed to transparency in government was enthusiastic that it was not just a well thought-out decision based on the economics of the Production Sharing Contract but a pragmatic one that is necessary in view of the dire state of our national assets.