Wednesday, December 7, 2022
Home OIL & GAS NOGIC Act will galvanize Nigeria’s oil, gas sector- Ahmed

NOGIC Act will galvanize Nigeria’s oil, gas sector- Ahmed

The Chief Executive Officer, NLNG Ship Management Limited (NSML), Abdulkadir Ahmed has said that the Nigeria Oil and Gas Industry Content Development Act would  help Nigeria oil and gas companies to build capacity and domesticate some of its engineering infrastructure if well implemented..

The Seven Nigerian Content Ministerial Regulations was officially gazetted by the Federal Government in April 2021 to grow indigenous capacity of the Nigerian oil and gas industry.

Wabote and insurance Commissioner, Sunday Thomas

Ahmed who was speaking as one of the panelists at the ongoing 2022 Nigeria Oil and Gas (NOG) Conference in Abuja, on Monday, with focus on the implementation of the NOGIC Act compliance and economic regulation, said some sessions of the Act that ambiguous to the industry should be looked into in order for it (the Act) to achieve desire results.

This year conference is with the theme funding the Nigerian Energy mix for sustainable economic growth.

Earlier, the Nigeria Content Development and Monitoring Board (NCDMB), Executive Secretary (NCDMB), Simbi Kasie Wabote, and the National Commissioner for Insurance, Sunday Thomas had made public presentation and showcase of insurance guidelines to the industry players and exchange of document between the the two parties.


NNPC/CNL JV secures $1.4bn financing for drilling 37 wells offshore, onshore Escravos

The Project includes the drilling of 37 wells in the offshore and onshore Escravos area, according to a statement signed by the General Manager, Policy, Government and Public Affairs, E.O. Brikinn

Nigeria’s crude oil to last 60 years, gas 88 – NUPRC

Speaking during a briefing to mark the commission’s one-year anniversary, the Chief Executive of the NUPRC, Mr Gbenga Komolafe, said that Nigeria’s gas reserves had been pegged at 208.62 TCF, indicating an increase of 1.01 per cent compared to 2020 figures, with a life index of 88 years. That would be without new discoveries.

NMGP: Nigeria, Morocco, Senegal sign four MoU in Mauritania 

Those who signed the documents on behalf of their countries were the Group chief executive officer, NNPC Limited, Mallam Mele Kyari, DG-ONHYM of Morocco, Ms Amina Benkhadra; GM PETROSEN Holdings of Senegal, Adama Djallo and DG SMH of Mauritania, Tourad Abdoul Baghi. 


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