NCDMB, stakeholders to examine oil, gas opportunities

Stakeholders in the nation’s oil and gas industry will converge on Yenagoa, Bayelsa State next month to examine investment opportunities, the Nigerian Content Development and Monitoring Board has said.

The Executive Secretary, NCDMB, Mr Simbi Wabote, said the NCDMB had been committed to promoting and building local capabilities in the Nigerian oil and gas industry since its inception.

He said the enforcement of the provisions of the local content Act in the industry had also led to some key achievements for the board, adding, “As an evidence of our commitment to our core mandate, the organisation has been commended globally.

“The Nigeria Oil and Gas Opportunity Fair is another milestone achieved by the board. It is uncommon to find major players in our sector and beyond gather together in the same room in support of Nigerian content,” Wabote said in Lagos at a press conference.

He said the conference would hold on the premises of the new NCDMB headquarters on April 4 to 5 with the theme, ‘Maximising investments into the Nigeria oil and gas industry for the benefit of the Nigerian people’.

Wabote said, “So, it is with great pride that we are able to bring together major players across the upstream, midstream and downstream sectors of the Nigerian oil and gas industry as well as government agencies, industry regulators and the National Assembly to showcase opportunities in this industry and present available in-country capacity to all stakeholders in attendance.

“One of the key objectives of the fair is to bring together governments, national oil companies, investors, corporate players and independents to give them unique space in the country to network, discuss and share knowledge.”

According to him, the potential benefits of the fair include integrating oil producing communities into the oil and gas value chain, fostering institutional collaboration and maximising participation of Nigerians in oil and gas activities.

“It will also link oil and gas sector to other sectors of the economy, maximise utilisation of Nigerian resources, including goods, services and assets and attracting investments to the Nigerian oil and gas sector,” he added.

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