Nigeria reassures investors of enabling environment


The federal government has reassured foreign investors who may be willing to invest in the nation’s economy to be sure of an enabling environment for their investment.

President Goodluck Jonathan made this known when he commissioned the first Nigerian wholly-built offshore platforms Abang and Itut at the Nigerdock yard on Snake Island, Lagos recently.

According to the President the platforms, Abang and Itut constructed by Nigerdock are the first fully integrated decks to fabricated, pre-commissioned and tested in Nigeria’s history.

The Nigeria National Petroleum Corporation (NNPC)/Mobil Producing Nigeria (MPN) Satellite Field Development Project Platform (Abang and Itut) comprises of two offshore Wellhead Platforms completed with Jackets, Piles, Boat, Landing platforms and subsea templates.

An elated President Jonathan said that the commissioning is a testimony of the country’s success in the implementation of the local content Act adding that the NNPC/MPN satellite development project platform will expand job opportunities in the country.

His words “The commissioning of the two oil platforms has further re-energized the country’s interest in local content which will boost employment opportunities in the country.

“We want to reassure investors that the Federal government will provide the enabling environment for investment opportunities to strive in the country.”

Speaking at the event, the Governor of Lagos State, Babatunde Fashola noted that legislation and policy have produced the desired result in term of local content in Nigeria and Lagos state.

“I want to say that Lagos state will create the enabling environment that will make investment opportunities to strive in the state.

“We will give the drivers and captains of the oil and gas industry support to drive the economy and to unleash the potentials of the black race” he said.

Fashola commended various government agencies that have given support to various investors in the economic sphere of the country adding that more jobs needs to done like construction of more roads and other basic infrastructure that will attract more investors.

Minister of Petroleum and Natural Resources Mrs. Diezeni Alison Madueke expressed appreciation to President Jonathan for signing the Nigerian Content development Act into law in 2010.

“I want to express my profound gratitude to President Jonathan for signing the Nigerian Content Development Act in 2010.

President Jonathan

“One thing we are sure of is that we have had lots of revenue coming from the oil sector but we have also witness no significant growth in job creation in the sector. With today’s commissioning we will no doubt witness more jobs created in the sector”.

Chairman, NigerDock Nigeria and Jagal Group, Mr. Anwar Jarmakani in his speech said the construction of the wellhead involved over 2.5 million man-hours work force without any lost time incident.

“The impressive performance has earned Nigerdock a prestigious safety award by Mobil and it has also earned a recognition at this year’s Nigeria Oil and gas Conference held in Abuja recently.

”the event is taking Nigeria Content further and faster to its true objectives and we have a clear vision  of how to do this and it includes FPSO integration, offshore contracting and the Lagos base development skills base.

“We have seen Nigeria Content as an opportunity that is why we have formed Nigerstar 7 by Jagal and Subsea 7 which is one of the world leading offshore contractors” he said.

The NNPC/MPN satellite development project (phase one) each include the Topsides and jackets which will add extra production capacity to NNPC and MPN’s existing facilities.

The platforms will collect crude oil, water and gas from at least 10 wells, combine these fluids and send them off for processing at their host platforms. The platform, two jackets, two boat landings, the subsea templates and the 16 pile section will be loaded out and transported to their installation sites at OMLs 67 and 70.

 


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