The Guardian: Rise of Best Practice Local Players in Nigeria’s Oil and Gas Industry

As indicated by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Ernest Nwapa, many Nigerian companies have gained expertise and improved their capacity since the law was enacted, and as he mentioned, “For the first time in our history, the Nigerian flag is flying high in the oil sector, especially in technical services and engineering.’’

This brings to fore the persisting NPDC allegation of inefficiency, against Neconde. The AfricanoilandGas Magazine, the leading industry magazine, expresses that Nestoil, the financing and technical partner in the Neconde partnership, “has been an oilfield contractor for most of its decade plus life, and was involved in the construction of a major crude export pipeline for Shell.  Its “baptism of fire” as an oilfield operator is the drilling of a well in Oriri marginal field, a percentage stake of which it acquired in 2011.”

Read the full article HERE.