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The drive of Nigerian government to boost economic activities through local capacity utilisation, human capital development and empowerment of indigenous companies resulted in the implementation of Nigerian content development in the oil and gas industry which was previously exclusive to the multinationals. The Nigeria Oil and Gas Industry Content Development Act of 2010 provides the legal framework to facilitate and promote mandatory participation of companies owned by Nigerians in the high-risk and high-cost petroleum industry. Prior to the enactment of the act, insignificant number of Nigerian companies had the financial strength and technical know-how required to be competitive in the petroleum sector compared with the well established multinational operating and service companies. These factors made compliance with the requirements of the act a daunting challenge for the sector. Historically, The Shell Petroleum Development Company (SPDC) has played important roles in the development of various aspect of petroleum industry in Nigeria owing to its visionary leadership position in the sector. The SPDC began the Nigeria dontent Development (NCD) implementation in various aspects of its business right from the time the idea was first muted in 2001. This disposition of the company to NCD ensured that by the time the act was enacted in 2010, competent local contractors in drilling operations, production maintenance, facilities construction and so on had been developed. The transition of the SPDC from the implicit period of NCD implementation to the period when compliance to the provisions of the law became mandatory was smoothened by the development of the local contractors ahead of time. The approach taken by the SPDC contributed to the realisation of major success stories in various arms of its operations. One of such achievements is the degree of compliance of the drilling operations department with NOGICD Act requirements. This paper details various schemes that were employed by the drilling and contracting departments in conjunction with the National Petroleum Investment Management Services (NAPIMS) and the Nigeria Content Development and Monitoring Board (NCDMB) towards the realisation of the nation's aspiration of domesticating technology, human capital development, financial empowerment and economic development, and then leveraging the resources available in the oil and gas industry. |
