Energy  

Senate vows to ensure full implementation of NOGIC Act

Senate President Bukola Saraki PHOTO: TWITTER/ NIGERIAN SENATE

The Senate has vowed to ensure full implementation of the Nigerian Oil and Gas Industry Content Development (NOGIC) Act passed by the National Assembly.
   
NOGIC JQS was created in line with Section 55 of the Act, which states that the Board shall establish, maintain and operate a joint qualification system in consultation with industry stakeholders. This shall be administered in accordance with provisions set out in the regulations to be made by the Minister in accordance with the provisions of this ACT.
  
The Chairman, Senate Ad hoc Committee on Local Content, Upstream, Solomon Adeola, gave this assurance during the oversight function to Egina Floating Production Storage Offloading (FPSO) in Lagos, at the weekend.
  
Adeola said the essence of the visit was to see and have first-hand information on the Egina FPSO, and to also commend Total for making the huge investment a reality.
  
He said this was the first project executed after the passage of the Content Act, an indication that local content development has come to stay, adding that the 330-metre long Egina FPSO, the largest FPSO ever installed in the country by private investors and the Nigerian government was commendable.
  
“If Nigeria can attract such huge project estimated at $16.3billion, it shows we are moving in the right direction, and growing our economy,” he said.
  
The Managing Director, Total E&P, Nicolas Terraz, appreciated the Committee’s support, and encouragements toward ensuring that the project was completed on schedule.
  
He said work had commenced on the FPSO, and would undergo the integration of six locally fabricated modules within the next six months, noting that the integration of the six locally fabricated topside modules before its final sail-away to the Egina field is a remarkable achievement in local content development in Nigeria.
  
The Total upstream boss said many technological feats were recorded by the various entities involved in the project, saying: “Egina is the deepest offshore development carried out so far in Nigeria, with water depths over 1,500 meters,” he said.
  
Terraz explained that the Egina FPSO is designed to operate for 25 years, and produce about 200,000 barrels of oil daily, adding that the operations would generate significant activities for local contractors in various sectors, and would continue to provide avenues for the training and development of Nigerians in various domains.
  
The Chief Operating Officer, Samsung Heavy Industries (SHI-MCI), Frank Ejizu, said the investment Samsung made in the facilities is a big boost for local content development in Nigeria.

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