Africa Surveyors January-February issue 2023 digital

OIL AND GAS
Nigeria and Senegal sign
MoU on local content in
Senegal's oil and gas
industry
By Chinedu Okafor
The Nigerian Content Development Monitoring Board, a federal
government body, has signed a Memorandum of Understanding
(MoU) with Senegal's National Local Content Monitoring Agency
to strengthen local content in Senegal's oil and gas industry.
The signing, which took place on Tuesday at the 7th Sub-Saharan
Africa International Petroleum Exhibition and Conference in Lagos,
followed Senegal's preparations for its first oil and gas production
before the end of the year.
This report is courtesy of the Punch NG, a Nigerian news agency.
Senegal's envoy, Deputy Permanent Secretary, COS Petrogaz,
Republic of Senegal, Mamadou Fall Kane, said that Senegal had
much to learn from Nigeria, which had achieved 54% local content
of a 70% target by 2027.
“I conceived this partnership framework with the NCDMB for the
past year, and it is very fulfilling that this event is holding today.
With the signing of this collaboration, Senegal has a lot to learn
from Nigeria on how to deepen its local content target. This would
go a long way to benefit all Senegalese as the country moves
towards developing our natural resources”, he stated.
Simbi Wabote, Executive Secretary of the NCDMB, emphasized
that the cooperation was not just to enhance local content
in Senegal, but also a business-to-business partnership and
capacity building in Senegal.
Mele Kyari, Group Chief Executive Officer of Nigerian National
Petroleum Company Limited, urged collaboration among African
countries to make additional hydrocarbon discoveries on the
continent in his Keynote presentation.
“In the next twenty years, energy demand in Africa is expected
to increase in the order of 30-35% to support the projected
increase in population and industrialization. This presents an
enormous opportunity for us to form partnerships across the
continent and build a sustainable future,” Mele Kyari said.
“The need for partnership is reinforced as more African
countries continue to make hydrocarbon discoveries. We
should collaborate and share knowledge and help each
other in critical areas including technology, exploration and
production, research and development, technical expertise, and
human capacity development to spread the wealth within the
continent,” he added.
Image: courtesy
www.africasurveyorsonline.com
January-February issue l 2023 13