Wabote Flaunts NCMDB’s Scorecard to Industry Stakeholders
The Executive Secretary of the Nigeria Content Development Management Board (NCDMB), Mr. Simbi Wabote, has said that the Board beats its chest with the nature of the achievements it recorded in the past five years in the midstream and downstream sectors of the energy industry.
At the just concluded Stakeholders summit in Lagos, the executive secretary said the board’s regulatory role is not to stifle the industry but to provide enabling, and inclusive, business environment for businesses to thrive with the active participation of critical stakeholders.
The ES listed the partnership with Waltersmith, which resulted in the delivery of the 5,000barrels per day modular refinery in Imo state.
There is the 2,500barrels per day Duport Modular Refinery located in Edo State, which is due for commissioning this year.
He also mentioned the 2,000barrels per day Atlantic Refinery and the 12,000barrels/day Azikel Hydro-skimming Refinery both in Bayelsa state, which are under construction.
Other achievements of the Board include the partnership with the NNPC to construct a 50,000liters petroleum products terminal in Brass, the partnership with Bunorr Integrated Energy Ltd for the establishment of 48,000 liters/day Base Oil Production Facility in Port Harcourt, Rivers State, which is due for commissioning this year and the ongoing construction of the Eraskon Lube Oil factory in Gbarain, Bayelsa State.
Dwelling on the LPG value chain, the executive secretary stated that the Board had gone into partnership with some investors to develop some projects.
Some of them included the partnership with NEDO Gas Processing Company in Kwale, Delta state for the establishment of 80mmscfd of Gas Processing Plant and a 300mmscfd Kwale Gas Gathering hub.
There is also the board’s partnership with Triansel Gas Limited in Koko, Delta state for the establishment of 5,000mt LPG Storage and Loading Terminal Facility and partnership with Brass Fertiliser for the development of a 10,000MT/day Methanol Plant at Odiama in Brass.
Others are the partnership with Butane Energy to roll out LPG Bottling Plants and Depots in Abuja and 10 northern states and partnership with Southfield Petroleum for the establishment of 200mmscfd gas processing plant at Utorogu, Delta State to produce 123,000mtpa of LPG, which is about 10% of current LPG demand nationwide.
Other investments include the partnership with MOB Integrated Services for the construction of the 500MT Inland LPG terminal which is currently in operation at Dikko, Niger state as well as the partnership with Amal Technologies to set up a plant in Abuja to produce smart gas/smoke detector alarm devices.
The two-day summit received 11 papers and featured three-panel sessions and at the end came up with a few high-impact actions that would help to maximize the potentialities in the midstream/downstream sectors of the oil and gas sector.
One of the action items is an increase in NCDMB’s collaboration and alignment with other relevant ministries, departments, and agencies as well as stakeholders to mainstream Nigerian Content bottom lines in refining, processing, storage, construction, fabrication, distribution, marketing, and retail to liberate the potential of the sectors.