The Nigerian Content Development and Monitoring Board (NCDMB) has said the board is willing to partner firms in the drive to increase local content in the country’s oil and gas sector.
This was revealed by the Executive Secretary of the NCDMB Simbi Wabote during the groundbreaking of a 5,000 bpd modular refinery by Waltersmith Refining and Petrochemical Company Limited in Imo State recently.
According to Wabote, the board has a vision of increasing the country’s local content in the sector to 70 percent within the next decade.
“Beyond our interventions in the local supply chain for in-country capacity utilization, we have broadened our focus to include in-country resource utilization. We believe that oil production should be refined using modular refineries,” he said.
“Our doors are still open and we welcome more proposals for consideration and support in line with the published guidelines.
“The capacities of modular refineries we are willing to consider are in the range of a minimum of 1,000bpd and maximum of 5,000bpd.”