logo #pnc18 03-06 December 2018

Government Support – NCDMB

Over the past seven years, the Practical Nigerian Content Forum organised in partnership with the Nigerian Content and Monitoring Board (NCDMB), has been developed alongside the Nigeria Oil & Gas Content Development Act (NOGICDA).

NCDMB and CWC Enter Into an MOU


On Monday 2 July 2018, at the 17th annual Nigerian Oil & Gas Conference and Exhibition, the Nigerian Content Development and Monitoring Board signed a Memorandum of Understanding with CWC Events Africa for the Practical Nigerian Content Forum.

Under the terms of the five-year MoU, the NCDMB and CWC will organise the PNC Forum with the aim of providing a platform for government and industry players in the Nigerian oil and gas sector to deliberate on how Nigerian Content can unlock discovered potential.

The PNC Forum will provide and opportunity for Nigerian oil and gas industry stakeholders to discuss the current challenges being faced within the market, explore solutions and define action points for the next 12 – 18 months.

CWC is dedicated to supporting the NCDMB and the Nigerian oil and gas industry in continuing to acheive great fetes in Nigerian Content implementation. Through the years of discussion at the PNC Forum, business and industry, many objectives have been outlined including, but not limited to:

  • $5 billion out of cumulative $20 billion annual industry contracts retained in country
  • Industry contracting cycle reduced from 36 months to 14 months
  • Establishment of the first FPSO integration facility at Ladol yard – a first for West Africa, with prospects of creating 50,000 direct and indirect jobs during integration activities
  • Nigerian owned oil and gas marine vessels increased from 10% to 38%
  • Total value of contracts awarded to Nigerian companies increased to 83%

 

Don’t miss this opportunity to help shape the Nigerian Content agenda for the next twelve months.

For more information on how to get involved, please contact Odiri Umusu on: (UK) +44 207 978 0083, (Nigeria) +234 813 893 8564 or email pnc@thecwcgroup.com

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