Siemens Limited Nigeria has inaugurated a new facility in Port Harcourt to increase local capacity in the Nigerian oil and gas industry. The company said it invested about €3m in the facility and developed it according to international specifications and standards. It said the Siemens Port Harcourt Service facility was equipped to repair and overhaul highly sophisticated equipment that would … Read More
Local Content Still Under-implemented – MD, Continental Reinsurance
Managing Director of Continental Reinsurance Plc, Dr Femi Oyetunji, has urged the Federal Government to ensure the full implementation of the local content policy in the insurance of oil and gas risks, insisting that the policy is still under-implemented. The local insurance market, by Nigeria’s law, should insure above 40 per cent of oil and gas risk before ceding the … Read More
Key Stakeholders Target High Local Content in Zabazaba Project
The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian Agip Oil Company (NAOC) and key stakeholders of the oil and gas industry have committed to achieving high Local Content levels in the Zabazaba development project. NAOC is developing the Zabazaba and Etan deep water integrated project in partnership with the Shell Nigeria Exploration and Production Company (SNEPCo) on Oil … Read More