Advisors ReportsAdvisors Reports
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: NCDMB parleys Chevron, commits to fast-tracking oil, gas projects approvals
Share
Sign In
Notification Show More
Font ResizerAa
Advisors ReportsAdvisors Reports
Font ResizerAa
Search
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
GasNewsOil & GasUpstream

NCDMB parleys Chevron, commits to fast-tracking oil, gas projects approvals

Admin
Last updated: February 6, 2024 1:30 pm
Admin
Share
4 Min Read
SHARE

 

Oredola Adeola

 

The Nigerian Content Development and Monitoring Board (NCDMB) has pledged to expedite the approval of requests and documents submitted by oil and gas companies to ensure the swift development of projects, increase oil production, and improve the national economy.

 

The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe gave the assurance on Friday at the Nigerian Content Tower, Yenagoa, Bayelsa State when he received senior officials from Chevron Nigeria Limited led by the Deputy Managing Director, Mr. Cosmas Iwueze.

Advisors Reports gathered that the NCDMB’s ES conveyed the Board’s willingness to improve on the timelines set by the Service Level Agreement (SLA) instituted by the Board, Nigerian National Petroleum Company Ltd (NNPC Ltd) and international oil companies for shortening the contracting cycle for oil and gas projects. He reiterated his proposal for the setting up of technical working groups (TWGs) between the representatives of the NCDMB and respective international oil firms.

The working groups could meet monthly or quarterly to evaluate the companies’ expectations from the NCDMB on their projects.

The intent, he explained is “to resolve contentious issues, close all the gaps and come to an agreement before the official correspondences are received. That will ensure quick turn-around and approvals will be dealt with quickly and that will help to cut downtime.”

Emphasising the need for all oil and gas companies to comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, the Executive Secretary promised that the Board will accede to cogent urgent requests from companies to avoid delays that could cause costs overruns, impact negatively on oil and gas operations and the economy at large.

He therefore encouraged the companies to see NCDMB as partners in progress, adding: “we want to create the enabling environment that will minimize conflicts with international oil companies (IOCs) and attract investments into the sector.

“We want to create employment opportunities for our youths and help achieve the economic objectives of President Bola Tinubu.

“We want to make international oil companies comfortable and reverse the exit of foreign investors because they create jobs, and we need all hands-on deck,” the NCDMB’s Boss said.

Ogbe further revealed that he had a long and successful career with Chevron Nigeria and remarked that the hallmark of the company is teamwork.

He also noted that NCDMB operates with the same core value, hence the Board is determined to support oil companies to accomplish their operational goals.

“We have to make sure that you succeed otherwise we will not be successful,” he added. The Executive Secretary confirmed that NCDMB under his watch will not emphasis the use of sanctions, rather will seek to dialogue with companies to achieve win-win situations.

“We will be flexible regarding your requests, but we all need to have open minds and look at the critical paths that will ensure that we make progress and produce effectively,” the NCDMB ES said.

Mr. Isaac Yalah, Director, Planning Research and Statistics, NCDMB, in his contribution commended Chevron Nigeria for supporting the Board’s development of the Nigerian Content Research Centre of Excellence at the Federal University of Technology Akure (FUTA), in Ondo State.

He affirmed that the Board would continue to collaborate with Chevron on other projects and would address any issues relating to requests for expatriate quota approvals.

 

Tinubu reactivates Gulf of Guinea gas pipeline agreement
 IBEDC records 1,459 energy theft cases between Jan, Feb 2024, enlists FG task force for swift justice
PETAN proposes JV with Abia State to operate 158 oil wells
IBEDC achieves 3,000 monthly customer interactions across 18,000 communities in Q1,Q2, 2024
Band A Tariff Review: All-Electricity Consumer Protection Forum gives 72-hour ultimatum to NERC, threatens legal action, protest 

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article Tinubu, OPEC SG among speakers to discuss new energy world order at NIES 2024
Next Article Tantita arrests MT Harbour Spirit for crude oil theft in Delta State
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad imageAd image

Latest News

Mainstream Energy Ltd. donates cash, relief materials to Mokwa flood victims
Documentary Environment Impact News Power Renewables
June 5, 2025
FG to explore alternative debt facility to offset ₦2tn power sector legacy debt
Distribution Documentary Finance Generation Impact News Power
June 3, 2025
Nigerians paying just N815–N820 per litre, 55% less than N1,600 regional average –Dangote
Documentary Downstream Energy Transition News Oil & Gas Sustainability Technology
June 2, 2025
Dawcon, Green flare sign flare gas deal with OML 30 JV to power bitcoin mining, AI computing
Gas Green Finance News Power Renewables Sustainability Technology
June 2, 2025
Follow US
© 2022 AdvisorsReports. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?