… build capacity for global energy leadership
Oredola Adeola
NNPC Limited acknowledged that the strategic restructuring of its subsidiaries, including NNPC Exploration and Production Limited (NEPL), NNPC Engineering and Technical Company Limited (NETCO), and NNPC Energy Services Limited (EnServ), underscores its commitment to advancing local content development and positioning Nigerian firms for leadership in global oil and gas projects.
Mallam Mele Kyari, Group Chief Executive Officer, GCEO, made this known in his goodwill message at the ongoing 13th Practical Nigerian Content (PNC) Forum in Yenagoa, Bayelsa State.
Kyari, who was represented by the Executive Vice President, Upstream, Mr. Udobong Ntia emphasized NNPC Limited’s commitment to ensuring the emergence of capable service companies that will be pivotal in its transformative journey, ultimately leading to a more sustainable and prosperous energy future for Nigeria.
According to him, the theme for this year’s PNC forum, “Defining the Next Frontier for Nigerian Content Implementation,” underscores the collective goal of advancing local content across the energy sector.
He said, “NNPC Limited has restructured the NNPC Exploration and Production Limited (NEPL) to exemplify how local firms can evolve to meet industry demands, through refocusing on operational excellence and leveraging on local expertise to lead initiatives that align with global best practices.
“In a similar vein, we have placed the NNPC Engineering and Technical Company (NETCO) Limited on a path to ensure that the company expands its capabilities as a full-scale Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) companies.
“This diversification positions the NETCO to take on larger contracts and projects, enhancing its improved market presence.
“Additionally, NNPC Energy Services (EnServ) Limited has been positioned to provide comprehensive energy solutions, further showcasing the potential for local companies to thrive and innovate in various sectors of the oil and gas industry,” the GCEO said.
He therefore affirmed that the NNPC Limited is dedicated to expanding the reach of our service companies beyond national borders, not only to enhance our brand but also to attract foreign direct investment for our economy.
He noted that the landmark Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 had ushered in a transformative era for local businesses, positioning them to compete on a global scale.
“The PNC has spawned several initiatives to address stakeholder concerns and maximize the benefits of our rich resources. We have a shared responsibility to empower local firms and drive innovation to ensure a robust oil and gas sector that meets both local and global demands,” Kyari stated.
The GCEO further emphasised the importance of fostering local capabilities, embracing advanced technologies, and nurturing partnerships to create a sustainable energy future for Nigeria.
Highlighting the ongoing commitment of NNPC Limited to local content, Kyari referenced the recent Presidential Directive on Local Content Compliance Requirements for 2024, stressing that it was a testament to the Federal Government’s commitment to prioritizing local content as a key element of national strategy.
“This directive should make us all feel secure and committed to the local content strategy,” Kyari added.
