The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to expeditiously approving requests and documents submitted by operating oil and gas companies. The objective is to facilitate the rapid development of oil and gas projects, contributing to increased oil production and enhancing the national economy.

Mr. Felix Omatsola Ogbe, the Executive Secretary of NCDMB, provided this assurance during a meeting with senior officials from Chevron Nigeria Limited, led by Deputy Managing Director Mr. Cosmas Iwueze, at the Nigerian Content Tower in Yenagoa, Bayelsa State.

Ogbe expressed the Board’s commitment to improving the timelines set by the Service Level Agreement (SLA) established by the Board, Nigerian National Petroleum Company Ltd (NNPC Ltd), and international oil companies to streamline the contracting cycle for oil and gas projects.

He proposed the creation of technical working groups (TWGs) between NCDMB representatives and respective international oil firms.

These working groups could convene regularly to assess companies’ expectations from NCDMB on their projects, aiming to resolve issues and reach agreements before official correspondences are received. Ogbe emphasized that this approach would expedite approvals and reduce downtime.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, has reiterated the Board’s commitment to swiftly approving requests and documents submitted by oil and gas companies.

He emphasized the importance of compliance with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and assured companies that the Board would consider urgent requests promptly to avoid delays that could lead to cost overruns and negatively impact operations and the economy.

Mr. Ogbe encouraged oil and gas companies to view NCDMB as partners and emphasized the Board’s commitment to creating an enabling environment, minimizing conflicts with international oil companies (IOCs), attracting investments, generating employment opportunities, and supporting the economic objectives of the government.

He highlighted the importance of teamwork, stating that the Board operates with the core value of collaboration.

The Executive Secretary stated that NCDMB, under his leadership, would adopt a flexible approach, focusing on dialogue rather than sanctions. He emphasized the need for open-mindedness and collaboration to ensure progress and effective production.

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Mr. Isaac Yalah, the Director of Planning, Research, and Statistics at NCDMB, commended Chevron Nigeria for supporting the development of the Nigerian Content Research Centre of Excellence at the Federal University of Technology Akure (FUTA). He assured continued collaboration with Chevron on various projects and pledged to address any issues related to requests for expatriate quota approvals.

In response, Mr. Cosmas Iwunze, Deputy Managing Director of Chevron Nigeria, commended the Executive Secretary for promoting collaboration and focusing on increasing crude oil production in Nigeria. He emphasized the importance of competitive crude oil production costs and highlighted the shared goal of oil companies and the Federal Government to enhance Nigeria’s crude oil production volumes and revenue.