Tuesday, 14 March 2017

Oil service coy tasks IOCs on implementation of local content laws

An oil service and fabrication company, Obijackson Group, has appealed to all the International Oil Companies (IOCs) to implement the local content laws enacted by the Federal Government.
Mr Simeon Tor-Agbidye, the Assistant General Manager (AGM), Group Business Development of Obijackson Group, made the appeal during a media interactive session with energy correspondents in Lagos on Tuesday.
Tor-Agbidye said that the IOCs which were yet to key into the implementation of the law should do so because of the opportunities inherently in it for indigenous companies to excel.
According to him, a subsidiary of the Obijackson Group – Energy Works Technology Ltd – has benefited from the implementation of the law.
Tor-Agbidye said that the company was now fabricating part of the topside facilities of Total’s Egina floating 200,000 barrels per day production, storage and offloading (FPSO) vessel.
He said that the law had recorded great success in creating home grown skills in the country’s oil and gas sector of the economy.
Tor-Agbidye said that the Nigerian Content Act had opened the floor for indigenous companies to prove that they were capable of playing competively in the international oil and gas scene.
He said that Nigerian companies had the capacity to carry out contracts efficiently like other foreign companies dominating the oil and gas sector of the Nigerian’s economy.
According to him, it clearly means that the Nigerian Local Content Act is a success because Nigerian companies, technicians and engineers have acquired expertise, and built capacity which has increased indigenous participation in the Nigerian Oil and Gas sector.
“With the Local Content Act, we have made significant progress as a nation and assumed a position of dignity amongst International Oil Companies (IOCs) and other players in the sector which are the beneficiaries of our first-rate services,” he said.
Tor-Agbidye said that before the implementation of the Local Content Law, Nigerian companies which had competencies in the oil and gas business were marginalised, but the situation was gradually changing now.
He said the implementation of the Local Content Law had been quite impressive, stressing that the compliance level by the International Oil Companies (IOC) has been satisfactory to a reasonable extent.
He said that the Local Content Act had been quite effective, useful and well cut out because it was long due.
Tor-Agbidye said that the Local Content Law had come to stay and the IOCs were effectively obeying and implementing such laws.
“We have completed scope for that project and a few weeks ago, we had a sail off for the Oil Loading Terminal (OLT) piles for the project.
“We sailed them off to South Korea where they will be integrated on the FPSO. We have finished that.
“We are at the final stages of completing K2s pipeline for Shell Petroleum Development Company (SPDC).
“We are also progressing smoothly with the pipeline. The project is an engineering, procurement and construction contact for the 40kmx20 inches export pipeline to re-route Kolo Creek gas to Soku Gas Plant,’’ he said.
Tor-Agbidye said that the company had also made smooth progress with the OB3 pipeline, adding that Obiafu/Obrikom–Oben was an EPC contract for the 64.5km x 48 inches gas pipeline project. 



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