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NETCO SHOWCASES CAPABILITIES AT NOG 2017

National Engineering and Technical Company Limited (NETCO) joined the rest of the companies in the oil and gas industry globally at the recently concluded Nigeria Oil and Gas Conference and Exhibition tagged NOG 2017 held at the International Conference Centre, Abuja between February 27 and March 2, 2017.

Showcasing her capabilities under the auspices of Nigerian National Petroleum Corporation (NNPC), the NNPC Autonomous Business Unit (ABU) highlighted why it has become a force to be reckoned with in engineering in the country.

 

NETCO was well represented in all the technical sessions by the team led by the Managing Director, Engr. Siky Aliyu while the exhibition under the auspices of NNPC pavilion afforded the company opportunity to showcase to participants at the Conference what NETCO has contributed over the years in the area of Engineering and the venture into Engineering Procurement and Construction (EPC).

 

The Conference was declared opened in the evening of Monday, February 27, 2017 by the Group Managing Director, NNPC, Dr. Maikanti Baru.  On Tuesday, February 28, 2017, Dr. Baru in a key note address disclosed plans to ensure optimal utilization of the country’s gas resources within the next couple of years.  To achieve this, he said the Corporation was engaging all stakeholders on the need to reduce the level of gas flare by converting most flared volumes to ensure commerciality of the gas resources. 

 

Speaking further on gas commercialization Dr. Baru said there were ongoing efforts to raise between $3.6 and $4.5 Billion to build the Abuja-Kaduna-Kano (AKK) pipeline to help generate 3.2 gigawatts (GW) of electricity for the country.  On the rise in crude production from 1.5 barrels per day in July 2016 to current 3 Million barrels per day, the GMD, NNPC attributed this to the ongoing negotiations with Niger Delta stakeholders.

 

The Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu in a Ministerial address on Reforming and Repositioning the Oil and Gas Industry in Nigeria said the Federal Government will attract more than $10 Billion investments to the oil and gas industry in the next five years.

According to him, the investments would address challenges facing the oil and gas industry covering pipelines, refineries, gas and power, facility refurbishment and upstream financing.  The objective Dr. Kachikwu said was to bridge the infrastructure funding gaps in the industry,

 

The Minister of State for Petroleum Resources stressed the need to bring down the cost of crude oil production and have the right incentives.  He said efforts are in place to address the major problem in the upstream sector with a view to addressing the Joint Venture funding gap.

 

Speaking in a Special key note address on global oil and gas outlook-markets and OPEC forecast, the Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo commended Nigeria for exiting the Joint Venture Cash (JVC) call debt.

The Minister and the OPEC Secretary General later had a tour of the exhibition hall. 

 

The last day of the conference on Thursday, March 2, 2017 focused on Nigerian Content Seminar where a keynote address on Consolidating Nigerian Content Successes and Outlining the Strategy for increased National Capacity over the next five years was given by the Executive Secretary, Nigerian Content Development & Management Board (NCDMB), Engr. Simbi Wabote who reviewed the achievements of the Board in the past 10 years.  He lauded in particular achievement of NETCO and other companies through engineering alliance with Delta Afrik and others on the Egina FPSO project executed in-country.  He said the policy on local content has also seen the development of indigenous fabrication yards like LADOL, Nigerdock, Free Trade Zone at Onne.

 

According to Engr. Wabote the Board will continue to create the enabling environment to attract investors and protect indigenous companies by ensuring that projects that could be done in-country is not taken abroad.

He enumerated the new strategies for the Board to include stakeholder collaboration in filing skills gap, fast tracking establishment of five oil and gas parks to replicate what obtains abroad, holding Nigerian Content opportunities fairs, holding Research and Development fairs, support completion of on-going third party investments, streamlining the contracting cycle, Nigerian Oil and Gas Industry data, partnership on mechanized barites mining scheme, petroleum industry roadmap and internal restructuring.