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NCDMB eyes 70% local content in petroleum sector

He lauded the Nigeria Liquefied Natural Gas Limited, Saipem-Daewoo Joint Venture, and BEAMCO Limited for enhanced in-country value addition.

He disclosed that locally assembled pumps and valves were set for installation and pre-inauguration preparations on the multibillion-dollar NLNG Train-7 project on Bonny Island, Rivers State.

Speaking at the load-out ceremony at BEAMCO’s facility in Apapa, Lagos, the NCDMB boss noted that the feat of sourcing such vital components in-country was made possible by the Equipment Component Manufacturing Initiative launched by the NCDMB in 2013.

The initiative, he said, necessitated the issuance of the Nigerian Content Equipment Certificate as a requirement for participation in equipment supply in the oil and gas industry.

He added that the implementation ensured that NLNG, through its main contractor, Saipem-Daewoo, awarded a contract to BEAMCO for the supply of 17 American Petroleum Institute pumps and 19 control valves in line with NCDMB’s approved vendor list for the NLNG Train-7 project.

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