Nigerian Agip, SNEPCO Conclude Plans to Foster Local Content
The Nigerian Agip Exploration Limited (NAE) and Shell Nigeria Exploration and Production Company (SNEPCO) have finalised plans to fabricate and integrate over 50 per cent of topsides of their projects under floating, production, storage and offloading (FPSO) vessels here in Nigeria.
According to a statement released by the Nigerian Content Development and Monitoring Board (NCDMB) the projects include the Zabazaba deepwater project executed by NAE in partnership with SNEPCO on Oil Prospecting License (OPL) 245 and the Bonga South West Apara (BSWA) deepwater project developed by SNEPCO .
The statement clarified that the technical and commercial evaluations of bids for the Zabazaba main packages have been finalised by the NCDMB and NAE and the submissions met the aspirations of maximising local content at the most imperative cost.
It is envisaged that the project would expand and deepen local content in the nation's oil and gas industry.
The zabazaba packages include FPSO units, subsea installationsand rigs.
The Executive Secretary of NCDMB Engr. Simbi Wabote said the execution of Zabazaba would grow the Nigerian local content thus impacting the economy.
According to Wabote, "This would be the first time in the history of Nigeria."
He noted that the entire approval and evaluation of the Zabazaba project took 14 months as compared to the official 24/36 months project cycle.
"It has taken just 14 months since NAE approached the Board with their Nigerian Content Plan. NAE and NCDMB worked closely and went through the standard contracting process, including invitation to tender, classifications, technical and commercial bid evaluations and facility audits. We completed the process and issued our final report on August 30.
The Executive Secretary stressed, "This is confirmation that NCDMB does not delay projects and we can achieve the 6-month contract cycle target if operators comply with set directives," he closed.