Kaztec Engineering Referenced in Oilmatters Review of Achievements by Nigeria's Oil and Gas Sector
Nigerian Content Act Having Big Positive Impact
ABUJA, October 27, 2014 — According to Oilmatters, Kaztec Engineering Limited (www.kaztec-eng.com), a leading 100 percent indigenous Engineering, Procurement, Construction, Installation, Commissioning and Management (EPCIC-M) provider in the Nigerian Oil & Gas landscape, is among the companies that illustrate the enormous progress being made in Nigeria's oil and gas sector. In the article, Nigerian Content Act 4 Years On: Laudable Achievements In Nigeria’s Oil & Gas Sector, Oilmatters examines positive developments during the four years since the Nigerian Oil and Gas Industry Content Development Act 2010 has been in force.
The article, authored by Noma Garrick, a lawyer and consultant with extensive experience in oil and gas and energy related matters, notes that a growing number of indigenous companies have begun playing more active roles in the Nigerian oil and gas industry. It cites Kaztec Engineering's Snake Island fabrication yard as an example of the Nigerian Content Act's positive impact.
Kaztec is a subsidiary of the Chrome Group (www.thechromegroup.net), a leading West African oil and gas conglomerate.
Here is what the article says about Kaztec Engineering:
The Nigerian Oil and Gas Industry Content Development Act 2010 (popularly known as the Nigerian Content Act) was signed into law on April 22, 2010 and has so far aided several indigenous companies to build the capacity and competence with which to execute major projects that were the exclusive preserve of expatriates before the legislation was put in place. At the same time there have been an increasing number of multinational companies that have also been compelled by the legislation to perform a certain amount of their operations in-country.
The NCDMB has stated that between $2-$5 billion worth of investments have been made in the development of new fabrication yards and the upgrade of existing yards and facilities. In line with this, Kaztec Engineering Limited, an indigenous oil service company and a subsidiary of the Chrome Group stated that it is building a fabrication yard at the Snake Island in Lagos. The fabrication yard is to be utilised for fabricating jackets, topsides, equipment as well as skills development and will be handled in tandem with Kaztec’s technical partners, Addax Petroleum Limited.
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.
Olimatters is an online energy news and resource centre for industry professionals with a primary focus on Nigeria and Africa as a whole. The site is dedicated to providing daily updates on energy related news as well as providing accurate data and energy intelligence to a diverse audience across Africa and around the globe. Olimatters also provides pivotal sapience and perspectives on a diverse range of energy issues through our articles and features on various topics ranging from exploration and production to renewable energy and politics and policy.
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.