Nigeria’s NCDMB and Senegal’s ST-CNSCL collaborate on expansion of the oil and gas industry
Content Development and Monitoring Board (NCDMB) and Senegal’s Technical Secretary of the National Content Monitoring Committee of Senegal (ST-CNSCL) will strengthen collaboration between the two nations regarding the expansion of the oil and gas industry, the development of capacities, and the transfer of skills.
The conditions of the Memorandum of Understanding between the agencies include that NCDMB will offer ST-CNSCL strategic advice and direction regarding the creation and application of energy laws.
In order to help Senegal maximize the development of local content as the country joins the list of African oil and gas producing nations in 2023 with the Sangomar Oil Development and Greater Tortue Ahmeyim Gas projects coming online, NCDMB will also provide ST-CNSCL with advice on workforce and skills development as well as data collection.
The MoU between the two countries will be essential in assisting Senegal ensure that its people, local businesses, and economies benefit from the development, exploitation, and monetization of oil and gas reserves. While Nigeria has made progress with its local content development plans, the country has reached 54% of its 70% target set for 2027.
An updated Memorandum of Understanding (MoU) between the With the use of the Agreement, Nigeria and Senegal will work together to address industrial problems, such as a lack of suitable infrastructure, and to encourage cross-border cooperation in order to address regional and global energy security issues and take advantage of associated opportunities.
According to Engr. Simbi Kesiye Wabote, Executive Secretary of the NCDMB, improved local content cooperation between Senegal and Nigeria’s African counterparts will allow Africa as a whole to benefit from the country’s critical infrastructure as well as large-scale project developments like the Dangote Integrated Refinery and Petrochemical Company and the Lekki Free Trade Zone in Nigeria.
Wabote emphasized that cooperation among African nations on local content is essential for developing new energy finance strategies and maximizing the upkeep of infrastructure and oil resources.