Nigerian oil firms emerging stronger competitors – NNPC boss

0
112

The Nigerian National Petroleum Corporation (NNPC) has said that Nigerian companies are making giant strides, adding value in the oil and gas sector through capacity building, Leadership reports.

Group managing director of the NNPC, Maikanti Baru during a presentation at the West African International Petroleum Exhibition and Conference (WAIPEC) forum in Lagos, viewed emerging trends in the industry as providing opportunities for local players to stand firm as strong competitors with foreign companies.

Citing a typical example of the success story of collaboration – TUPNI Egina (Total) FPSO DED Topside, Baru recalled that the Detailed Engineering Design (DED) of the Topside of TUPNI’s Egina FPSO project delivered safely, on time and within budget by a consortium of Nigerian Engineering companies led by NETCO.

The GMD said the project was a good example of successful collaboration and capacity development, adding that no engineering project of this magnitude has been handled locally because no single local company had the capacity to do so.