Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has urged Nigerian companies to invest and take advantage of the abundant opportunities in the country’s offshore and shallow water oil and gas projects.
The managing director of SNEPCo, Ronald Adams, said at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, on Thursday that projects such as Bonga Southwest Aparo, Bonga North and Bonga Main Life extension could grow Nigerian businesses and improve their expertise if they applied themselves seriously to executing higher value contracts.
“SNEPCo pioneered Nigeria’s deepwater frontier with the Bonga development as the first deepwater oilfield exploration and production venture in the country,” Adams said in his presentation, which was delivered by Head of Supply Chain of the company, Charles Oranyeli.
“Our operations have greatly benefitted Nigerian businesses, and we expect them to get ready to take up more opportunities,” he said.
Adams said that Nigerian companies could upscale their skills and continue to offer services in logistics, drilling, fabrication and construction of subsea manifolds, mooring and loading systems, pressure vessels and provision of gas processing equipment in deep-water, as well as procurement and civil works in shallow water.
He disclosed that since Bonga started production in 2005, SNEPCo had been supporting Nigerian contractors and service providers to grow their capacity through the development of systems and competent workforce with the aim to deliver projects safely, on time and within budget not only in Nigeria, but also in the West African sub-region.
According to him, Nigerian companies are now playing prominent roles in safe and efficient operations of the Bonga Floating, Production, Storage and Offloading (FPSO) vessel, which produced the 1billionth barrel of oil from the field on February 3, 2023.
“SNEPCo sees Nigerian content development as a business driver and not a regulatory requirement and will continue to support our companies to play even bigger roles in their support for oil and gas operations,” he said.
SNEPCo is one of the sponsors of the two-day NOGOF hosted by the Nigerian Content Development and Monitoring Board (NCDMB) with the theme: “Driving Investment and Production Growth: Shaping a Sustainable Future for Nigeria’s Oil and Gas Industry Through Indigenous Capacity Development.”
GIK/APA