Kaztec Engineering Ltd. Participated at 2nd Practical Nigerian Content 2012 Yenagoa
Yenagoa, Bayelsa State, November 22, 2012 - Kaztec Engineering Ltd. (www.kaztec-eng.com), a 100 percent indigenous leader in the fabrication of drilling and production platforms and other specialized structures for the oil and gas industry, was one of the participating companies at NCI’s 2nd Practical Nigerian Content Conference, as a bronze sponsor. The event, which had as its theme, “Discover the opportunities – Hear the success stories – See it in action,” took place in Yenagoa, Bayelsa State, from November 20 through 22, 2012.
Kaztec is a subsidiary of the Chrome Group (www.thechromegroup.net), a leading West African oil and gas conglomerate.
With Nigerian Content implementation gaining momentum and its impact on the Nigerian oil and gas industry gradually being felt more and more, the Practical Nigerian Content Conference brought to bare several issues associated with the implementation of the Nigerian Content Act. the conference enabled delegates and speakers alike to voice their support for the law and the challenges and frustrations they have faced in its delivery, challenging stakeholders to continue working together to further increase Nigerian participation across the oil and gas value chain.
Several speakers made presentations on topical issues as related to the Nigerian Content Development. These among other issues included, How Nigeria’s business environment would help the Nigerian Content, Investment in the Nigerian Content and Financing of Oil and Gas Projects. Others were Opportunities in Capacity Building, Maritime, Infrastructure, Manufacturing and Fabrication.
Mrs. Diezani Alison-Madueke, Minister of Petroleum Resources, announced that the implementation of the Nigerian Content program in the oil and gas industry has attracted Foreign Direct Investments (FDI) worth more than $500 million USD in the manufacturing of equipment components for the industry within the last 30 months.
Also during the conference, participants visited the Niger Delta Exploration and Production PLC – Ogbele Field to witness firsthand the Nigerian Content achievements in the upstream sector, how it has been implemented and the benefits to the communities.
"We applaud the organizers of this excellent conference, which benefits all Nigerian businesses," said Alex Aghomi, communications officer with The Chrome Group. "The Practical Nigerian Content has equipped Kaztec and other participants with strategies to promote employment and boost the development of associated industries within the Local Content Act for the benefit of local economies throughout Nigeria."
See photos featuring Kaztec's participation at NCI’s 2nd Practical Nigerian Content Conference here.
The Chrome Group, founded in 1994 by Sir Emeka Offor, is one of Nigeria’s leading indigenous multinational businesses with subsidiaries operating in oil and gas exploration and production, oil and gas servicing, engineering, insurance, logistics and power industries.
About Kaztec Engineering Limited
Kaztec Engineering Limited is fast becoming a leader in the fabrication of drilling and production platforms, as well as other specialized structures in the oil and gas industry. The company is equipped to provide turnkey onshore and offshore fabrication and installation services. Its core capabilities include engineering, procurement, construction, installation and commissioning of offshore and onshore oil and gas facilities for the oil and gas industry in West Africa. Kaztec values cultural individuality, a work ethic bound by quality, employee safety, and a strong focus on its clientele. Kaztec’s corporate headquarters is in Abuja, Nigeria. The company is a subsidiary of the Chrome Group, one of Nigeria’s leading indigenous conglomerates with companies operating in oil and gas exploration and production, oil and gas servicing, engineering, insurance, logistics and power industries.