Business and Economy

NCDMB to collaborate with quantity surveyors to deepen Nigerian content

Skills and competencies of quantity surveyors have been identified as critical to cost management and local content expansion in Nigeria’s oil and gas industry. That was the kernel of a presentation by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, at a two-day workshop themed “Developing Competencies for Procurement and Cost Management of Oil and Gas Infrastructure,” in Yenagoa, Bayelsa State.

The NCDMB boss emphasised that quantity surveying is a frontier whose value propositions have to be identified and utilised to deepen Nigerian Content.

Recounting the successes of the Board, which have raised local content from less than five percent in 2010 to 47 percent in the first half of 2022, he noted that “NCDMB is only 12 years old but it has performed creditably in infrastructure, human capital, and capital retention.”

He noted that NCDMB’s direct involvement in the conceptualisation and development of Total Exploration and Production’s gigantic multi-billion Total Energies’ Egina Floating Production Storage and Offloading (FPSO) vessel, handled by SAMSUNG and LADOL, marked a turning point in Nigerian content penetration in oil and gas industry operations.

Six topside modules of the FPSO were fabricated and integrated in-country for the first time in the history of the industry, and SAMSUNG and LADOL, a consortium, had to build a $300 million world-class fabrication yard at Tarkwa Bay, Lagos, for the purpose, based on insistence by the NCDMB. The FPSO has a capacity for 2.3 million barrels of crude oil.

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