Abuja: Some indigenous oil and gas companies are seeking an enabling environment and shorter procurement cycle to actualise more sanctioned projects and quick implementation for economic development. The companies made this known while speaking with the News Agency of Nigeria (NAN) in Abuja at the just concluded 24th annual Nigeria Oil and Gas (NOG) Energy Week.
According to News Agency of Nigeria, the NOG 2025 had its theme as ‘Accelerating Global Energy Progress through Investment, Partnerships and Innovation’. Mr Ayodele Adesina, Business Development Manager at IGPES Group, highlighted the challenges posed by long project procurement cycles in the sector. Adesina emphasized that a shorter cycle would lead to a more efficient and cost-effective process, urging for more projects to be sanctioned to spur activities in the industry.
Adesina stated that ongoing projects need seamless transitions to new projects to maintain employment and economic contribution. He cited projects like Bonga South West and Zabazaba deep-water oil and gas, stressing the importance of their approval and progression. Adesina acknowledged the current government’s efforts to bring these projects to fruition.
Highlighting the contributions of IGPES Group, Adesina mentioned their involvement in notable projects like NLGN Train Seven and Bonga North oil and gas. He expressed the company’s commitment and capability to deliver value, showcasing their predominantly Nigerian management and adherence to procurement regulations favoring local vendors.
Mr Emmanuel Uwakwe, Technical Sales Representative at Navante Oil and Gas Company Ltd., echoed the call for friendly policies and an enabling environment to support indigenous companies. Uwakwe urged the Federal Government to prioritize local companies over foreign entities, emphasizing the need for supportive conditions in engineering, procurement, construction, and maintenance sectors.
Mr Mohammed Zubairu, Regional Manager at Greenville LNG Co. Ltd., described the conference as a platform for professionals to highlight opportunities. Zubairu advocated for infrastructure development in the Liquefied Natural Gas (LNG) sector to promote industrialization and alternative energy sources for automobiles. He announced plans to roll out 70 Compressed Natural Gas (CNG) stations nationwide, addressing initial safety concerns and showcasing the reliability and safety of CNG.