• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

NCDMB, IOCs partner to develop oil, gas parks

Parks

The Matters Press by The Matters Press
July 2, 2022
Reading Time: 2 mins read
0
NCDMB to host local content investment forum

The Nigerian Content Development and Monitoring Board (NCDMB) says major International Oil Companies (IOCs) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

A statement posted on the NCDMB’s website on Friday said the board’s Executive Secretary, Mr Simbi Wabote, made this known at the Nigerian Content Sensitisation Programme for Law Enforcement Agencies in Yenogoa, Bayelsa.

Wabote said the NCDMB was developing the oil and gas parks in conjunction with key operators in the oil and gas industry.

He listed the key operators as Shell Petroleum Development Company (SPDC), Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC).

According to him, Shell funded the provision of power and utility cables deployed at the oil and gas park located at Emeyal -1, Bayelsa, while Exxon Mobil provided the electrical infrastructure for the park at Odukpani in Cross River.

Wabote said NAOC had earlier partnered with the board to develop the 10-megawatts gas power plant that would supply electricity to the Bayelsa park when completed.

He said this was in addition to providing uninterrupted electricity currently to the Nigerian Content Tower and some strategic infrastructure owned by the Bayelsa State Government.

Wabote also said that the board had signed an agreement with the Gas Aggregation Company of Nigeria (GACN) to establish a gas-fired power plant at the Odukpani, park – to provide the park with constant electricity.

He said that the power facility would be ready before the end of 2022, about the same time the Emeyal-1 and Odukpani parks would be completed, ahead of commencing operations in early 2023.

Wabote also announced that the board had started inviting interested manufacturing companies and other firms to apply for spaces in the parks.

He said the parks would have dedicated power supply and shared services and were conceived to domicile equipment components manufacturing in-country.

Wabote said this was to meet the needs of the oil and gas industry and sectoral linkages as well as create jobs for the nation’s teeming youths.

He also said that the NCDMB was working to develop oil and gas parks at Oguta in Imo, at Onna in Akwa Ibom, Ilaje in Ondo State and in Delta, adding that work was progressing in different stages at the identified locations.

Wabote confirmed that the completed oil and gas parks would be managed by professional facility managers, to ensure their sustainability.

He also said that the board was partnering with the Nigeria LNG Ltd to develop the Brass Island Shipyard as a Capacity Development Initiative.

Wabote said the feasibility study, geotechnical survey, and site selection study had been completed.

“In addition, the land valuation and perimeter survey has also been completed and the plan is to construct the shipyard in two phases, he added.

Tags: Parks
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
NNPC lauds Barkindo’s leadership role in OPEC

World Bank lauds Barkindo’s role on OPEC deals

Nigeria establishes cottage poultry processing facility to transform livestock

Unilorin gets N600m Commercial Poultry Farm

Recommended Stories

South Africa in load shedding to manage dip in power

Nigeria plans 6000MW to improve power supply – Minister

March 12, 2024
France backs Guinea Bissau to investigate foiled coup

France backs Guinea Bissau to investigate foiled coup

October 20, 2021
Buhari presents N8.8trn 2019 budget

Why I am seeking re-election -Buhari

January 17, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us