NCDMB, indigenous oil producers sign service level agreement

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The Indigenous Petroleum Producers Group (IPPG) has committed to signing a Service Level Agreement (SLA) with the Nigerian Content Development and Monitoring Board (NCDMB) to expand opportunities in the oil and gas industry, The Sun reports.

The group equally pledged to support and comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The new SLA is expected to commit members of the IPPG to comply with the Nigerian Content Act while the board will keep to a definite response time for reviews and approvals of contracting documentations.

The SLA will take into consideration the capacity of the indigenous producing companies and provide necessary concessions as maybe necessary. These resolutions were reached at a meeting between the Executive Secretary, NCDMB, Simbi Wabote, and members of the IPPG in Lagos at the weekend.