The Nigerian oil and gas industry is receiving a positive turn around in attracting local and foreign investments. The key plan that is attracting many investors in the sector is the Nigerian Oil and Gas Park Scheme. Nigerian Oil and Gas Park Scheme opportunities are open for both local/foreign states and private manufacturers/ processing firms to invest in the industry.
The Nigerian Oil and Gas Park Scheme is a scheme rolled out by Nigerian federal government through Nigerian Content Development and Monitoring Board (NCDMB) to support in-country Oil & Gas industry and linkage sectors manufacturing. The scheme is designed to create a robust enabling manufacturing and processing environment for oil and gas equipments and products with other linkage’s manufacturers. This is in line with Nigerian Content Equipment Certification (NCEC).
Read: Nigeria Content Equipment Certificate (NCEC) Registration
One of the boosts came as Nigerian Content Development and Monitoring Board (NCDMB) announced the commitments the three major international operating oil and gas companies has made towards this goal. Shell Petroleum Development Company (SPDC) and ExxonMobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme (NOGaPS).
He said NCDMB was developing the oil and gas parks in conjunction with key operators in the oil and gas industry.
The local content board stated that Shell Petroleum Development Company (SPDC) funded the provision of power and utility cables deployed at the oil and gas park located at Emeyal -1, Bayelsa State, while Exxon Mobil provided the electrical infrastructure for the park at Odukpani in Cross River State.
Besides, NAOC had earlier partnered with the Board to develop the 10-megawatts gas power plant that would supply electricity to the Bayelsa park when completed, in addition to providing uninterrupted electricity currently to the Nigerian Content Tower and some strategic infrastructure owned by the Bayelsa State Government.
The board also confirmed that she had signed an agreement with the Gas Aggregation Company of Nigeria (GACN) to establish a gas-fired power plant at the Odukpani, park – to provide the park with constant electricity.
NCDMB stated that the power facility will be ready before the end of 2022, about the same time the Emeyal-1 and Odukpani parks would be completed, ahead of commencing operations in early 2023.
Read: Oil & Gas Business Formation & Consultancy Services
The board also confirmed that the she had started inviting interested manufacturing companies and other firms to apply for spaces in the parks.
NCDMB added that the Board was also working to develop oil and gas parks at Oguta in Imo State, at Onna in Akwa Ibom, Ilaje in Ondo State and in Delta State, and work was progressing in different stages at the identified locations. And the completed oil and gas parks would be managed by professional facility managers, to ensure their sustainability.
The Board is also partnering with the Nigeria LNG Limited to develop the Brass Island Shipyard as a Capacity Development Initiative.
The NCDMB spokesperson hinted that the feasibility study, geotechnical survey, and site selection study had all been completed.
The land valuation and perimeter survey had also been completed and the plan is to construct the shipyard in two phases, he added.
Read: Some of the Local Content Policy Acheivements
He remarked that: “collaboration and stakeholder engagement was also identified in the same 10- year Roadmap as one of the four enablers to attain the 70 per cent Nigerian Content growth target.”
He maintained that since the oil and gas industry serves as the mainstay of Nigeria’s economy, all stakeholders of the industry should support the implementation of the Nigerian Content Act to ensure that Nigeria derives maximum value from the oil and gas industry while it is still relevant in the global energy mix.
As many European countries are trying to shift from less depending on Russia energy supply, this may be a good time for Africa and Nigeria in particular to attain the Nigerian Oil and Gas Park Scheme plan. It will require a hard work and good focus from all the players.
These opportunities are open for both states and private foreign manufacturers/ processing firms to invest in the industry. Aziza Group (Aziza Manufacturing. Energy & Support Limited and Aziza Business Concept) is experienced local content partner in the industry that you can partner with in Nigerian Oil and Gas Park Scheme.