Over $50bn oil industry projects unveiled at NOGOF- Wabote

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Oil and gas opportunities valued at over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF)

which ended on Friday at the conference hall of the Nigerian Content Development and Monitoring Board in Yenagoa,Speaking at the conclusion of the two-day fair, which drew 1,086 registered participants, the Executive Secretary of NCDMB, Mr Simbi Kesiye Wabote stated that the quantum of opportunities covered different segments of the industry and required proper collation as they run into billions of dollars.

He added: “If someone gives you projects he intends to execute in the next two years; Nigerian companies, having listened to the opportunities, should go back and continue to build their capacities in readiness to actively participate.” The NCDMB Executive Secretary promised that the Board will collate the opportunities into a compendium and make them available to registered participants. He confirmed that the Board tracks the development of the opportunities showcased at every edition of NOGOF.

 

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