• Friday, July 19, 2024
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BusinessDay

Nigeria Machine Tools excites stakeholders at NOG 2014

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Nigeria Machine Tools (NMT) caused excitement among the oil and gas industry stakeholders when it participated at the recently concluded annual Nigeria Oil and Gas Conference tagged ‘NOG 2014.’

The event, which held at the International Conference Centre Abuja, attracted stakeholders in the Nigerian oil and gas sector as well as service providers from across the world that came to showcase their products and services at the four-day event. Participants at the conference that visited NMT’s stand were pleased to know that the highly sought after flanges, stud bolts and nuts were now produced locally.

According to one of them, who is also a registered vendor with the international oil companies (IOCs), “we the suppliers to the IOCs are always on the lookout for better channels to source products for our clients, and quality comes first before cost in this industry. One thing I can tell you is that, if what I see here today is what is obtainable from these people (NMT), then why will I have to go all the way to Asia or America to purchase the same products that I can easily get in Osogbo at the same spec and standard with what the foreign companies sell to us. I am very happy, Nigeria is gradually getting there.”

Other visitors to NMT’s exhibition stand included top officials of the IOCs, OEMs, OSCs, NNPC, ministry of power, PTDF, and many others who came back repeatedly to either inspect the products on display or to hold discussions with the company’s representatives at the event.

Ikemefula Chikwendu, manager, business development, NMT, said: “The outing was a good one for us. We came to gain visibility and I believe we achieved that. The NOG happens to be the premier oil and gas annual gathering in sub-Saharan Africa and we have every reason to be here as we stand to benefit from the participation.”

Chikwendu said further “we had several visits from the IOCs, OEMs, servicing companies as well the contractors who have been asking technical and commercial questions in relation to our products. The interest is very visible, this is a wonderful exposure for us and we shall be here next year.”

NMT is the first producer of oil industry branded stud bolts and nuts in West Africa. They are produced to specific industry standards, such as ASME B18.2.1, and material specification of ASTM 193, 307 and 320, Grades B7, B7M, B16, B8, B8M, L7, L7M, with a wide range of surface treatment options to meet client specification or to suit operational environment. The firm also produces machine tools, customised machine spares, machining services, technical training, foundry products of various sizes and design.