Saturday 29th April, 2017
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Firm commends FG over local content law implementation

Firm commends FG over local content law implementation

For availing the indigenous oil and gas companies an opportunity to excel, oil services and fabrication company, Obijackson Group, has commended the Federal Government over the implementation of the Local Content Act.
 
According to the Assistant General Manager, Group Business Development, Mr. Simeon Tor-Agbidye, the Act has greatly created home-grown skills in the oil and gas sector and opened the floor for indigenous companies to stake their capacity and capability to compete in the international oil and gas scene.
 
He disclosed that a subsidiary of the group, Energy Works Technology Limited, was fabricating part of the topside facilities for Total’s Egina 200,000bpd Floating, Production, Storage and Offloading (FPSO) vessel.
 
Nigerian indigenous companies, he disclosed, could carry out contracts efficiently like their foreign counterparts that dominate the local scene as they, their technicians and engineers have acquired the expertise and capacity that increased their participation in the sector.
 
Tor-Agbidye explained: “With the Local Content Act, we have made significant progress as a nation and assumed a position of dignity among the International Oil Companies (IOCs) and other players in the sector who are the beneficiaries of our first-rate services.”
 
He noted that prior to the implementation of the Act, indigenous companies with competencies in the sector were marginalised, a situation that is now gradually changing as the IOCs have reasonably complied due to the impressive level of its implementation.
 
Meanwhile, he disclosed that the company has “completed the scope for that project and a few weeks ago, we had a sail-off for the Oil Loading Terminal (OLT) piles for the project,” he said. “We sailed them off to South Korea, where they will be integrated on the FPSO. We have finished that.
 
“We are at the final stages of completing K2s pipeline for Shell Petroleum Development Company (SPDC). We are also progressing smoothly with the pipeline. The project is an engineering, procurement and construction contract for the 40km x 20 inches export pipeline to re-route Kolo Creek gas to Soku Gas Plant.”
 
Equally, it made smooth progress with the OB3 pipeline, while Obiafu/Obrikom-Oben is an EPC contract for the 64.5km x 48 inches gas pipeline project, which would soon be completed, as the scope of OB3 was actually split between Nestoil and Oilserv.

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