The Nigerian LNG (NLNG) led by the Managing Director, Mr. Tony Attah has formally submitted the outcome of its recently concluded commercial evaluation exercise of the multi-billion dollars Train-7 project to the Nigerian Content Development and Monitoring Board (NCDMB).
Receiving the Train-7 project NC compliance requirement, the Executive Secretary of NCDMB, Simbi Wabote said the exercise represents the penultimate step of the Board’s project certification and authorization procedure in compliance with the Nigerian Oil and Gas Industry Content Act of 2010 ‘NOGICD’.
Mr. Attah was full of praise to the Board for its support at every stage of the process with the sign-off of the Train-7 Nigerian Content Plan in March 2019 up to this stage.
He highlighted that although the previous LNG trains were built before the enactment of NOGICD Act 2010, his company made it a point of duty to fully comply with the requirements of the Act for the Train-7 project.
The Executive Secretary commended NLNG for showing good example with the level of compliance at every stage of the Train-7 project.
He said the Board and NLNG have set a new record with the Train-7 project considering the quick turn-around of Nigerian Content approvals obtained from the Board within 5 months.
This, he said, is the stage of the process of identifying the most commercially attractive and Nigerian Content compliant bidder.
Wabote highlighted that the Minister of State for Petroleum Resources, Chief Timipre Sylva is very keen on the Train-7 Project Final Investment Decision (FID) as it will create jobs, enhance participation of Nigerian businesses in the oil and gas sector, and address insecurity in the region.
He has therefore directed that any encumbrance related to the FID of Train 7 must be addressed by all agencies of the Ministry so that FID is taken in a matter of weeks.
Wabote promised that the Board will complete the review of the submitted NC requirements and revert to NLNG within a few days.
The Executive Secretary also commended the transparency associated with the entire process including the sensitization workshops held in Abuja, Bonny and Port Harcourt.
He admonished other companies to follow Train-7 example to get timely certification of their projects by the Board.
