The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled the 50,000 metric tonnes per annum (MTPA) Bell Oil & Gas’ integrated pipe threading, valve assembly, and composite pipes manufacturing facility, located at the Lekki Free Trade Zone (LFZ), Lagos.
Unveiling the facility which has an estimated cost of USD 100M over a five-year period, the Executive Secretary of NCDMB, Mr. Omatsola Ogbe, said the landmark project owned by an indigenous oil service company was a testament to the growth of local competence and capacity in the Nigerian oil and gas industry.
He said: “The commissioning of Bell Oil & Gas FZE’s state-of-the-art facility for pipe threading, machining, valve manufacturing, assembly, and maintenance marks a significant advancement in our industry. I commend Bell Oil & Gas for their foresight and commitment to enhancing Nigeria’s energy sector.”
“They are not only creating infrastructure but are also driving the in-country value that is vital for our nation’s progress. This facility will bolster our capabilities, offering essential services that will be instrumental in meeting the growing demand for oil and gas infrastructure within Nigeria.”
He emphasized that Nigerian Content was not ‘Nigerianisation’ or exclusion of foreign participation in the oil and gas industry but rather an implementation model that provides sufficient opportunities for the participation of multinationals, Original Equipment Manufacturers (OEMs), and offshore vendors in a mutually beneficial manner.
He explained that piping and threading were critical components in the oil and gas industry, adding that from the transportation of oil and gas to ensuring the structural integrity of installations, these elements play a central role in the value chain.
