NCDMB, others plan knowledge sharing sessions on Egina FPSO

Executive Secretary, Simbi Wabote of NCDMB

Plans are underway by the Nigerian Content Development Monitoring Board (NCDMB) and other critical stakeholders to organise knowledge sharing session on the Egina Floating, Production, Storage and Offloading (FPSO) units.

The Executive Secretary of NCDMB, Simbi Wabote, who disclosed this after inspecting the Samsung Heavy Industry (SHI) yard in Geoje, South Korea where the Total Upstream Nigeria Egina’s FPSO is undergoing construction, explained that the one-day knowledge sharing session on Nigerian Content would enable International Oil Companies (IOCs) share strategies they deployed on their projects.

Wabote also added that the session would ensure that IOCs can leverage on Nigerian Content experiences of others when planning projects or faced with similar challenges.

He assured that the in-country integration of the Egina Floating, Production, Storage and Offloading (FPSO) units at the SHI-MCI yard in Lagos will receive full collaboration from the NCDMB and ancillary agencies, saying that this will be the first time it would happen in Nigeria.

Deputy Managing Director, Total Upstream (TUPNI), Mr. Ahmadu Kida Musa, hailed the collaboration between the TUPNI and NCDMB teams on the Egina project and charged the Board to continue pushing the boundaries of Nigerian Content implementation.

He commended regulatory agencies that pledged to support the in-country integration phase, noting that “some of the things we will be seeing have not been done in Nigeria. We would need accelerated approvals, while not breaking the law.”

Musa recalled that Total embarked on the project in 2013 when the country faced economic uncertainties, particularly the Petroleum Industry Bill (PIB) and 2015 general elections.

The Managing Director of SHI-MCI, Mr. CW Kim, in his remarks, reaffirmed Samsung Heavy Industry’s preparedness to help Nigeria upscale its technological base. This philosophy informed the decision to make the long term investment, he said.

He added, “We decided to invest in Nigeria for the long term, not just for Egina. It would not make sense to invest for just one project; it needs several projects. We have capacity in construction and we have been in business for over 40 years. To succeed in Nigeria, we plan to be competitive and operate with a long term plan.”

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