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Firm boosts local content with DST

An indigenous oil servicing company, Tolmann Allied Services, has opened a Deepwater Simulation Theatre at its new office complex in Port Harcourt, Rivers State.

The DST said to be the first in Africa and third in the world, was conceived in response to the increasing number of companies carrying out exploration activities in the deep offshore and the need to prepare from classroom to installation to overcome harsh environmental conditions that could arise in such industry operations.

A statement from the firm on Wednesday quoted the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, who inaugurated the facility, to have commended Tolmann Allied Services for the investment.

She said investing in such a facility had further removed doubts about the capacity of Nigerians to own and operate key assets in the oil and gas industry.

The minister explained that the insistence by the Nigerian Content Development and Monitoring Board on indigenous ownership of key assets was based on the fact that it was the best to sustain the implementation of the Nigerian content policy.

“Because Nigerians now have stakes in the ownership, we are sure that Nigerian Content will survive even after the current officials in government may have left the scene,” she said.

The Executive Secretary, Nigerian Content Development and Monitoring Board, Mr. Ernest Nwapa, who represented the minister, applauded the entrepreneurial spirit of local oil servicing companies who set up key facilities and acquire hi-tech industry assets despite experiencing challenges in the operating environment.

He recalled that local companies under the aegis of the Petroleum Technology Association of Nigeria started the push for indigenous participation in the industry before the Federal Government backed their efforts with the Nigerian content policy, which thereafter became a law.

He assured that the government would support any investment in the economy.

Nwapa, who noted that so much had been accomplished in the past four years of implementing the Act, said the NCDMB was working to expand the implementation frontiers to create more jobs in the economy.

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