The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to continue to promote in-country capacity by leveraging on indigenous companies with requisite technology to add value to the oil and gas industry in Nigeria.
Adebayo Ibirogba, group executive director, engineering and technology of the NNPC, said this while inspecting the Kaztec Engineering Limited fabrication yard on Snake Island, Lagos, along with some NNPC senior staff from different subsidiaries in Lagos.
Ibirogba noted that Kaztec Engineering Limited is one of the indigenous clients of the Corporation, stating that the fabrication yard of the company is a model of excellence.
The Nigerian Content Act of the Federal Government provides a veritable platform for indigenous companies to operate on a level playing field with other international oil companies in Nigeria, Ibirogba said.
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According to him, the NNPC has been at the forefront of those supporting and encouraging the attainment of the local content target for the industry as it has done in other sectors.
Ibirogba said investing in local content would give some advantage to local fabricators, adding that the Federal Government would ensure total encouragement of potential investors who want to invest locally.
He said the Petroleum Industry Bill (PIB) before the National Assembly, when passed into law, would further promote the growth of indigenous participation in the petroleum sector.
Conducting the NNPC delegation round the premises of the yard, John Niezner, managing director of Kaztec Engineering Limited, said “the company operates wholly in line with the Nigerian Content Act by engaging Nigerians majorly in all its welding and fabrication operations.”
He said most of the engineering designs and materials were locally sourced, saying that the company’s operations contribute enormously to the country’s Gross Domestic Product.
