Barely one and half years after the Nigerian Content Intervention Fund (NCIF) was launched by the Nigerian Content Development and Monitoring Board (NCDMB), provided financial assistance to indigenous firms operating in the oil and gas industry, it has offered a total of $160 million to qualified companies leaving $40 million out of the $200 million initial Fund.
Engr. Dozie Obi (MNSE,COREN,ChPMC), Managing Director, DTN Integrated Services, wrotes: One indispensable input for economic growth and social development is energy. And two-thirds of required global energy is met with oil and gas supply. If this is used strategically, Africa’s Oil and gas resources can help accelerate growth on the continent.
Statistics have it that Nigeria, Algeria, Angola, Libya and Sudan provide about ninety percent (90%) of the continent’s oil reserves.
About ninety percent (90%) of the upstream oil and gas facilities are located in remote areas making integrity checks and maintenance of assets difficult.
The Nigeria National Petroleum Corporation (NNPC) and its joint venture partners yesterday took a bold step towards attaining sufficiency in domestic gas supply with the execution of Final Investment Decision (FID) on the development of the 4.3trillion cubic feet Assa North/Ohaji South Fields (ANOH) in OML 21.
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DTN has invested in procurement of brand new specialty equipment and has continued on the acquisition of more assets to bring together the facilities that enable her offer international quality services and a number of sustainable and innovative new technologies.
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