NCDMB: How Local Content Act Boosted Investment in 15 Oil, Gas Projects in 10 Years – THISDAYLIVE

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NCDMB: How Local Content Act Boosted Investment in 15 Oil, Gas Projects in 10 Years Emmanuel Addeh in Abuja At least 15 critical gas projects in the country’s oil and gas industry have been promoted over the last 10 years on the b

At least 15 critical gas projects in the country’s oil and gas industry have been promoted over the last 10 years on the back of the enforcement of the Nigerian Oil and Gas Industry Content Development Act .

Ginah said the board took advantage of the provisions of Section 70 of the NOGICD Act to partner with 15 firms and investors to develop critical gas projects in the oil and gas sector of the economy. Also included are the 80 million standard cubic feet per day gas processing plant and a 300 million SCFPD gas gathering hub by NEDO Gas Processing Company in Kwale, Delta State.

The facility, he said, would include investment with the MOB Integrated Services on a 500 MT Inland LPG terminal construction in Dikko, Niger State. Halilu pointed out that the it was aimed at developing and maintaining healthy pipelines of competent researchers and translating research results into products and services that would be deployed for industry application.

 

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