Orient Energy Review Nov / Dec 2014

Covering Local Content * Oil & Gas N300 3Ghc US $2

1.5

Vol. 3 No. 11/12 Nov/Dec, 2014

Four Years of Local Content Act in Nigeria: Growing In Fame or Still In Shame?

Developing Local Skills and Socio-Economic Growth Ritch Wingo NCDMB, NNPC, Others to Collaborate On Local Manufacture of Gas Cylinders

ISSN:

Ghana Gas To Connect To The West African Gas Pipeline

EDITOR’S Note

I

ts been over four years now since the Nigerian Oil and Gas Industry Content (NOGIC) Act was passed into law with the assent of Dr. Goodluck Ebele Jonathan, Nigeria's President, on April 22nd 2010. No doubt, alot has happened afterwards, testimonies abound, we see a lot of indigenous participation in the industry today, Nigerian companies now own and operate vessels etc.

Indeed many have applauded the performance of the Nigerian Content Act, for its transformational impact on the industry. According to reports, the policy has attracted investments worth more than $5 billion from indigenous companies, but it is not without challenges, Pita Ochai examines the performances amid challenges in the last four years.

We'd like to introduce our Guest Columnist for this edition, Mr. Ritch Wingo. He is the Director, Oil and Gas Advisory for PwC (Price Waterhouse Coopers), based in Lagos, Nigeria. PwC Globally when it comes to Oil and Gas Advisory is number one among the BIG 4 consulting firms. Ritch has been living and working in Nigeria since 2008 and has been working very closely with Oil and Gas Indigenous Companies in West Africa. Thus he has joined the Orient Energy Review family, in lending his voice and skill to promote indigenous growth and development in the Nigerian Oil and Gas sector.

In this edition also, we bring you lots of other exciting and very informative reports on Local content and some gist around the industry.

Just sit back and have a wonderful ride with us.

Do have a great read and please send your feed back to the email address below.

Cheers!

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27

36

INDUSTRY NEWS

4

LOCAL CONTENT

6

COVER

10

PICTURE GALLERY

20-21

GUEST COLUMNIST

27

EXPLORATION / DRILLING

31

ALTERNATIVE ENERGY

32

MARITIME/LOGISTIC

33

GHANA REPORT

34

POWER

37

Margaret Nongo-Okojokwu Editor, +234-8136329948 M.okojokwu@orientenergyreview.com PUBLISHER/EDITOR-IN-CHIEF: Nneka Ezeemo EDITOR: Margaret Nongo-Okojokwu PRODUCTION: Chukwudi Ohiri CORRESPONDENTS: Shola Adegboye (Abuja Bureau Chief) Vivian Osuji Isreal (Head, South-South Bureau, Port Harcourt) Pita Ochai (Lagos) Gilbert Boyefio (Ghana) CONSULTANTS/BUSINESS (DEV): Don Pedro Media UK Business Development Executive: Amie Anerobi MARKETERS: Chidiebere Ezeoke Ejiro Praise Adjarho CREATIVE: EtimSkill CIRCULATION MANAGER: Ajayi Kayode

LONDON OFFICE: Charity Place, Unit 1 Thurrock Park Way Thurrock Park Ind. Estate Tilbury, Essex Rm 18 7Hz. +447974199137 ORIENT ENERGY REVIEW has emerged to be the platform and voice for the growing local content policy across the world. It is a monthly publication of Orient Magazine, Newspaper and Communications Limited 5, Dipo Dina Drive, Abule Oshun, Badagry Express Way - Lagos www.orientenergyreview.com email: info@orientenergyreview.com

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Figure 1. Percentage of Expats in Different Roles