Simbi Kesiye Wabote. PHOTO:SweetCrudeRepors
The Nigerian Content Development and Monitoring Board (NCDMB), and the Oil Producers Trade Section (OPTS), the umbrella physique of main worldwide and indigenous working oil firms have signed a Service Level Agreement (SLA), aimed toward shortening the customarily protracted business contracting cycle.
The SLA commits the 28-member OPTS firms to adjust to the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. Essentially, they're to submit to NCDMB paperwork like their Quarterly Job Forecasts, Nigerian Content Plans, Bidders Lists, Nigerian Content Evaluation Criteria, Nigerian Content Technical Bids amongst different related info in relation to business contracting and procurement cycles.
On the opposite hand, the Board pledged to reply on particular timelines, and dedicated that ought to it fail to meet the set deadlines, the businesses can proceed with their tendering processes after duly informing the Board.
The Executive Secretary NCDMB, Simbi Wabote, signed on behalf of the Board, whereas the Managing Director, ExxonMobil Nigeria, Paul McGrath, signed on behalf of the OPTS. The Managing Directors, Nigerian Agip Oil Company, Massimo Insulla; Chevron Nigeria Limited, Jeff Ewing; Total Exploration and Production Nigeria, Nicolas Terraz witnessed the occasion.
Speaking, Wabote defined that the agreement with the OPTS was in furtherance of the Board’s efforts to meet the goal set by the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, for the business contracting cycle to be shortened to six months. Through the efforts of the NCDMB, the cycle had been lower considerably to 14 months from 24 to 36 months.
He famous that operations of the oil and fuel business had been time delicate, including that a shortened contracting cycle would lower the price of tasks significantly.He also said that the SLA signed with the NLNG had improved the turn-around time of approvals between the 2 institutions, informing that the Board was working to sign a comparable agreement with the Indigenous Petroleum Producers Group (IPPG).Commenting, ExxonMobil’s McGrath counseled Wabote for the great initiatives he had launched since assuming workplace a 12 months and half in the past.