The Nigerian Content Development and Monitoring Board (NCDMB) has committed to expanding its partnership with the Society of Petroleum Engineers (SPE) in order to domesticate the technology currently used in the energy industry.
In a goodwill message delivered during the 2022 Nigerian Annual International Conference and Exhibition in Lagos, Engr. Simbi Kesiye Wabote, Executive Secretary of NCDMB, gave the assurance in a goodwill message.
He went on to say that such cooperation “would provide an enabling atmosphere for new technological problems to be overcome.”
“NCDMB has implemented the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the past 12 years for the benefit of Nigerian companies by promoting partnerships with original equipment manufacturers (OEMs) and other technical partners, to bring along technology transfer, job creation, and a reduction of capital flight,” said the NCDMB boss, who was represented by the Director of Planning Research and Statistics, Mr. Patrick Daziba Obah.
He went on to say that compliance with the NOGICD Act is the driving force behind the steady increase in indigenous participation in Nigeria’s oil and gas sector.
He admitted that the prospect of an energy transition causes anxiety in many oil and gas-producing countries. He did, however, urge industry players to take immediate action to prepare their companies for shifting energy realities.
The theme of this year’s conference is “Global Transition to Renewable and Sustainable Energy and the Future of Oil and Gas in Africa,” and it will include speeches by global and Nigerian industry professionals, as well as exhibitions from local and foreign operators.