This document summarizes how Liberia plans to implement the Maritime Labour Convention of 2006. It will do so by ensuring seafarers' rights to decent work and fair competition through regulations on medical care, shipowners' liability, social security, employment agreements, and flag state responsibilities. Liberia has over 3,800 vessels in its fleet and will train inspectors and provide guidelines to shipowners on complying with the Convention's standards regarding areas like health, wages, and repatriation. The presentation provides an overview of Liberia's large, high-quality fleet and regulatory approach to upholding seafarers' welfare under international maritime law.
Combating Marine Pollution on the Indian Coast..cmmindia2017
This document discusses India's preparedness for combating marine pollution on its coast. It outlines some key risks like the large volume of oil transported close to the Indian coast and growth in offshore operations. It analyzes causes of oil spills like accidents during cargo operations. The document reviews international best practices and highlights gaps in India's legislation, resources, monitoring and contingency planning. It calls for measures like independent legislation to clarify roles, mandatory agreements with private response organizations, and compliance audits of ports and terminals to improve India's oil spill response framework.
FPSOs (Floating Production Storage and Offloading vessels) are increasingly being used for deepwater and ultra-deepwater oil and gas exploration and production. FPSOs can be moored in shallow, deep, and ultra-deep waters, making them suitable for areas that fixed platforms cannot access. They are also mobile, which allows them to be disconnected and moved to safer locations if needed. While FPSO projects require large investments and long timelines, rising oil prices in recent years have made these projects more attractive to investors. However, contractual issues around FPSO projects can be complex, as various subcontracts are involved, and risks related to delays, damages, and liabilities must be carefully addressed.
The A-Z of Local Content. A Toolkit to guide you to create socially compellin...Nick Kellet
This document provides a guide to creating local content in the form of lists. It outlines 26 examples of towns and cities and list ideas that can be adapted locally. The guide discusses how lists engage readers by providing a hook and a reward. It also explains how lists are findable, social, collaborative content that allows community members to contribute and connect ideas. The overall message is that creating lists is a way to build useful and engaging local content.
Marine Demands for 2020-2030: Local Content and opportunities in a new enviro...Petrobras
Marine Demands for 2020-2030:
Local Content and opportunities
in a new environment
Petrobras' Technical Seminar
Paulo Sergio Rodrigues Alonso
Petrobras Local Content Advisor to the CEO
Executive Coordinator of PROMINP
Offshore Technology Conference (OTC)
Houston, 04th May 2015
Fundamentos del Computador. Tarea 1. Marly A. Marmolejos Perez. Matricula 201...MarlyMarmolejos
Primera tarea de fundamentos del computador realizada por Marly A. Marmolejos Peres Matrícula 2015-2560.
Profesor: Amadis. Espero y pueda ganarme mis 5 puntos completos.
This document summarizes how Liberia plans to implement the Maritime Labour Convention of 2006. It will do so by ensuring seafarers' rights to decent work and fair competition through regulations on medical care, shipowners' liability, social security, employment agreements, and flag state responsibilities. Liberia has over 3,800 vessels in its fleet and will train inspectors and provide guidelines to shipowners on complying with the Convention's standards regarding areas like health, wages, and repatriation. The presentation provides an overview of Liberia's large, high-quality fleet and regulatory approach to upholding seafarers' welfare under international maritime law.
Combating Marine Pollution on the Indian Coast..cmmindia2017
This document discusses India's preparedness for combating marine pollution on its coast. It outlines some key risks like the large volume of oil transported close to the Indian coast and growth in offshore operations. It analyzes causes of oil spills like accidents during cargo operations. The document reviews international best practices and highlights gaps in India's legislation, resources, monitoring and contingency planning. It calls for measures like independent legislation to clarify roles, mandatory agreements with private response organizations, and compliance audits of ports and terminals to improve India's oil spill response framework.
FPSOs (Floating Production Storage and Offloading vessels) are increasingly being used for deepwater and ultra-deepwater oil and gas exploration and production. FPSOs can be moored in shallow, deep, and ultra-deep waters, making them suitable for areas that fixed platforms cannot access. They are also mobile, which allows them to be disconnected and moved to safer locations if needed. While FPSO projects require large investments and long timelines, rising oil prices in recent years have made these projects more attractive to investors. However, contractual issues around FPSO projects can be complex, as various subcontracts are involved, and risks related to delays, damages, and liabilities must be carefully addressed.
The A-Z of Local Content. A Toolkit to guide you to create socially compellin...Nick Kellet
This document provides a guide to creating local content in the form of lists. It outlines 26 examples of towns and cities and list ideas that can be adapted locally. The guide discusses how lists engage readers by providing a hook and a reward. It also explains how lists are findable, social, collaborative content that allows community members to contribute and connect ideas. The overall message is that creating lists is a way to build useful and engaging local content.
Marine Demands for 2020-2030: Local Content and opportunities in a new enviro...Petrobras
Marine Demands for 2020-2030:
Local Content and opportunities
in a new environment
Petrobras' Technical Seminar
Paulo Sergio Rodrigues Alonso
Petrobras Local Content Advisor to the CEO
Executive Coordinator of PROMINP
Offshore Technology Conference (OTC)
Houston, 04th May 2015
Fundamentos del Computador. Tarea 1. Marly A. Marmolejos Perez. Matricula 201...MarlyMarmolejos
Primera tarea de fundamentos del computador realizada por Marly A. Marmolejos Peres Matrícula 2015-2560.
Profesor: Amadis. Espero y pueda ganarme mis 5 puntos completos.
The Modelmatic framework automates JSON encoding/decoding of Swift model objects. Instead of relying on hand-maintained mappings in each class, Modelmatic lets you define mappings in Xcode’s Core Data Model Editor.
https://github.com/AboutObjects/Modelmatic
Vol1: Managing The Hype - The Reality of Mobile in Canada - AppendixDelvinia
Delvinia’s 2009-2010 study of Canadian mobile behaviours conducted through AskingCanadians™, revealed that most mobile owners don’t appear to be using the more advanced features that mobile providers tout and marketers dream of
fully leveraging. Read more inside...
Intys is an independent operational business consulting company that is a member of the Essensys Group. Intys assists clients in growth, performance, and strategy implementation through three business lines: finance and risk management, supply chain and purchasing, and business process and project management. Intys applies a Lean approach to deliver pulled services faster, more intensively, and with fewer risks to help clients achieve their goals.
Holly Krambeck presented the General Transit Feed Specification (GTFS) and its implications for International Development at Transforming Transportation 2015.
Transforming Transportation 2015: Smart Cities for Shared Prosperity is the annual conference co-organized by the World Resources Institute and the World Bank.
Making own SocialMedia Platforms with free wifi. For City, Retail, Clubs. Transform Retail organization into Social players with own Wireless Infrastucture and privat user profiles.
La propiedad es el poder directo e inmediato sobre un objeto o bien, que permite a su titular disponer del mismo. El derecho de propiedad se rige por el Código Civil y protege bienes susceptibles de apropiación. Las características clave de la propiedad son que los recursos deben ser poseídos o asignados, que garantiza el derecho a excluir a otros de su uso, y que permite la transferencia voluntaria de bienes.
This document is a curriculum vitae for Mohamed Anvar A, who is applying for a position as a Rope Access supervisor/NDT Inspector. It outlines his qualifications, which include various NDT certifications as well as rope access training. It then details his work experience conducting NDT inspections and rope access work on offshore oil rigs, ships, and industrial sites in India, Dubai, Nigeria, and Qatar. His current role involves ultrasonic testing, magnetic particle testing, and penetrant testing on piping and equipment at an ADMA-OPCO site in Das Island, Abu Dhabi.
El #InformeTAB de UNIR, Universidad Internacional de La Rioja, es el primer estudio sobre el uso de tablets basado exclusivamente en los hogares españoles.
Te dejamos la presentación utilizada durante el lanzamiento del informe en los Premios TABInnovation.
Momentos del día y usos principales, drivers de compra de dispositivos, categorías de apps más descargadas y de las que más usamos. Descárgate la versión completa del informe en http://www.redbility.com/actualidad/reportajes/las-conclusiones-del-informetab
This document provides technical specifications and guidelines for various types of display ads that can be used on LinkedIn, including general conditions for rich media and flash ads. It also outlines specifications for different IAB display ad units (such as skyscrapers, rectangles, and leaderboards), as well as for content, InMail, polls, and social ads. Requirements and best practices are provided for assets, file types, dimensions, animation limits, third-party tracking and more for each ad unit.
O documento descreve uma oportunidade de negócios chamada Total One que oferece várias formas de ganhos através da venda de produtos digitais e e-commerce. Os associados podem ganhar participando da divisão diária de lucros, vendendo produtos diretamente, bônus binários e de ativação mensal. A Total One incentiva os associados a construírem equipes de vendas para ampliarem suas fontes de renda.
A Escola São Paulo oferece cursos, palestras e workshops sobre cultura e arte para mais de 9.000 alunos. Recebeu prêmios por inovação educacional e conquistou visibilidade na mídia. Tem como objetivo promover a educação por meio da cultura e das artes.
- The candidate has over 25 years of experience in food and beverage operations, including restaurants, banquets, and catering. They have worked in hotels in Egypt, Iraq, Kuwait, and Saudi Arabia.
- They are currently the General Food Specialist at Saudi Chevron but are seeking a position as a Food & Beverage Manager.
- The candidate's resume highlights their experience in areas relevant to the position such as recruiting, sales, budgeting, and ensuring guest and employee satisfaction.
Afolabi caxton martins local content- strategies and partnerships for devel...Acas Media
This document outlines strategies for developing successful FPSO projects in Nigeria by complying with local content laws and partnering with local companies. It discusses the Nigerian Cabotage Act and Nigerian Content Act, which require increasing indigenous Nigerian participation in the oil and gas industry through local ownership of assets and use of local services. The acts establish minimum Nigerian content thresholds for contracts. International companies can partner with Nigerian subsidiaries that demonstrate at least 50% ownership of equipment. While the laws aim to develop local capacity, companies face challenges meeting all requirements.
“Enforcing the Cabotage Act within Nigeria’s Territorial Waters” Chisa UbaAcas Media
The document discusses Nigeria's Cabotage Act, which regulates coastal shipping within Nigerian waters. It outlines restrictions that require vessels engaged in coastal trade to be Nigerian-owned and manned. Drill ships, FPSOs, and FSOs engaged in offshore oil and gas activities are considered vessels under the Act. Waivers and licenses can allow some foreign vessel participation. Violations carry substantial fines, and a fund supports acquisition of cabotage vessels by Nigerian operators.
Proposed Amendments to Nigeria's Cabotage ActNgozi Medani
The document summarizes proposed amendments to Nigeria's Cabotage Act. Key points:
- The bill proposes to involve NIMASA in reviewing applications for waivers of Nigerian ownership requirements for vessels to increase accountability.
- The definition of "vessel" would be expanded to include offshore oil and gas infrastructure like FPSOs to bring more structures under the act.
- Security requirements would be added for foreign vessels to address increasing maritime security concerns.
- While positive, the amendments could be improved by giving NIMASA's database and industry references more weight in waiver decisions and conferring decision power over loan disbursements solely to lending institutions rather than the minister.
Naice 2006 full paper building local capability (case study of agbami project)Luis Luis
This document summarizes the Agbami deepwater oil field project in Nigeria and efforts to develop local engineering capabilities. Some key points:
- The Agbami field was discovered in 1998 with estimated reserves of over 800 million barrels. An FPSO vessel is being constructed for production starting in 2008.
- About 300,000 man-hours, or 40% of total hours, for constructing the FPSO have been allocated to Nigerian companies to develop local engineering capabilities.
- A minimum of 175,000 man-hours have been earmarked for indigenous Nigerian design companies led by NETCO to gain experience in topside engineering design.
- NETCO partnered with OGDEN to provide training
The Modelmatic framework automates JSON encoding/decoding of Swift model objects. Instead of relying on hand-maintained mappings in each class, Modelmatic lets you define mappings in Xcode’s Core Data Model Editor.
https://github.com/AboutObjects/Modelmatic
Vol1: Managing The Hype - The Reality of Mobile in Canada - AppendixDelvinia
Delvinia’s 2009-2010 study of Canadian mobile behaviours conducted through AskingCanadians™, revealed that most mobile owners don’t appear to be using the more advanced features that mobile providers tout and marketers dream of
fully leveraging. Read more inside...
Intys is an independent operational business consulting company that is a member of the Essensys Group. Intys assists clients in growth, performance, and strategy implementation through three business lines: finance and risk management, supply chain and purchasing, and business process and project management. Intys applies a Lean approach to deliver pulled services faster, more intensively, and with fewer risks to help clients achieve their goals.
Holly Krambeck presented the General Transit Feed Specification (GTFS) and its implications for International Development at Transforming Transportation 2015.
Transforming Transportation 2015: Smart Cities for Shared Prosperity is the annual conference co-organized by the World Resources Institute and the World Bank.
Making own SocialMedia Platforms with free wifi. For City, Retail, Clubs. Transform Retail organization into Social players with own Wireless Infrastucture and privat user profiles.
La propiedad es el poder directo e inmediato sobre un objeto o bien, que permite a su titular disponer del mismo. El derecho de propiedad se rige por el Código Civil y protege bienes susceptibles de apropiación. Las características clave de la propiedad son que los recursos deben ser poseídos o asignados, que garantiza el derecho a excluir a otros de su uso, y que permite la transferencia voluntaria de bienes.
This document is a curriculum vitae for Mohamed Anvar A, who is applying for a position as a Rope Access supervisor/NDT Inspector. It outlines his qualifications, which include various NDT certifications as well as rope access training. It then details his work experience conducting NDT inspections and rope access work on offshore oil rigs, ships, and industrial sites in India, Dubai, Nigeria, and Qatar. His current role involves ultrasonic testing, magnetic particle testing, and penetrant testing on piping and equipment at an ADMA-OPCO site in Das Island, Abu Dhabi.
El #InformeTAB de UNIR, Universidad Internacional de La Rioja, es el primer estudio sobre el uso de tablets basado exclusivamente en los hogares españoles.
Te dejamos la presentación utilizada durante el lanzamiento del informe en los Premios TABInnovation.
Momentos del día y usos principales, drivers de compra de dispositivos, categorías de apps más descargadas y de las que más usamos. Descárgate la versión completa del informe en http://www.redbility.com/actualidad/reportajes/las-conclusiones-del-informetab
This document provides technical specifications and guidelines for various types of display ads that can be used on LinkedIn, including general conditions for rich media and flash ads. It also outlines specifications for different IAB display ad units (such as skyscrapers, rectangles, and leaderboards), as well as for content, InMail, polls, and social ads. Requirements and best practices are provided for assets, file types, dimensions, animation limits, third-party tracking and more for each ad unit.
O documento descreve uma oportunidade de negócios chamada Total One que oferece várias formas de ganhos através da venda de produtos digitais e e-commerce. Os associados podem ganhar participando da divisão diária de lucros, vendendo produtos diretamente, bônus binários e de ativação mensal. A Total One incentiva os associados a construírem equipes de vendas para ampliarem suas fontes de renda.
A Escola São Paulo oferece cursos, palestras e workshops sobre cultura e arte para mais de 9.000 alunos. Recebeu prêmios por inovação educacional e conquistou visibilidade na mídia. Tem como objetivo promover a educação por meio da cultura e das artes.
- The candidate has over 25 years of experience in food and beverage operations, including restaurants, banquets, and catering. They have worked in hotels in Egypt, Iraq, Kuwait, and Saudi Arabia.
- They are currently the General Food Specialist at Saudi Chevron but are seeking a position as a Food & Beverage Manager.
- The candidate's resume highlights their experience in areas relevant to the position such as recruiting, sales, budgeting, and ensuring guest and employee satisfaction.
Afolabi caxton martins local content- strategies and partnerships for devel...Acas Media
This document outlines strategies for developing successful FPSO projects in Nigeria by complying with local content laws and partnering with local companies. It discusses the Nigerian Cabotage Act and Nigerian Content Act, which require increasing indigenous Nigerian participation in the oil and gas industry through local ownership of assets and use of local services. The acts establish minimum Nigerian content thresholds for contracts. International companies can partner with Nigerian subsidiaries that demonstrate at least 50% ownership of equipment. While the laws aim to develop local capacity, companies face challenges meeting all requirements.
“Enforcing the Cabotage Act within Nigeria’s Territorial Waters” Chisa UbaAcas Media
The document discusses Nigeria's Cabotage Act, which regulates coastal shipping within Nigerian waters. It outlines restrictions that require vessels engaged in coastal trade to be Nigerian-owned and manned. Drill ships, FPSOs, and FSOs engaged in offshore oil and gas activities are considered vessels under the Act. Waivers and licenses can allow some foreign vessel participation. Violations carry substantial fines, and a fund supports acquisition of cabotage vessels by Nigerian operators.
Proposed Amendments to Nigeria's Cabotage ActNgozi Medani
The document summarizes proposed amendments to Nigeria's Cabotage Act. Key points:
- The bill proposes to involve NIMASA in reviewing applications for waivers of Nigerian ownership requirements for vessels to increase accountability.
- The definition of "vessel" would be expanded to include offshore oil and gas infrastructure like FPSOs to bring more structures under the act.
- Security requirements would be added for foreign vessels to address increasing maritime security concerns.
- While positive, the amendments could be improved by giving NIMASA's database and industry references more weight in waiver decisions and conferring decision power over loan disbursements solely to lending institutions rather than the minister.
Naice 2006 full paper building local capability (case study of agbami project)Luis Luis
This document summarizes the Agbami deepwater oil field project in Nigeria and efforts to develop local engineering capabilities. Some key points:
- The Agbami field was discovered in 1998 with estimated reserves of over 800 million barrels. An FPSO vessel is being constructed for production starting in 2008.
- About 300,000 man-hours, or 40% of total hours, for constructing the FPSO have been allocated to Nigerian companies to develop local engineering capabilities.
- A minimum of 175,000 man-hours have been earmarked for indigenous Nigerian design companies led by NETCO to gain experience in topside engineering design.
- NETCO partnered with OGDEN to provide training
AN APPRAISAL OF PORT CONCESSIONS IN NIGERIA AND ITS ROLE IN ACHIEVING THE MAR...Francisca Tanimojo
This document provides an overview of port concessions in Nigeria and their role in achieving the country's maritime potential. Some key points:
- Nigeria has a large coastline but its maritime industry has not fully capitalized on this asset. Port concessions were introduced as part of reforms to modernize ports and increase efficiency.
- Major ports in Nigeria were concessioned beginning in 2006, with over 25 concessions granted. The flagship concession was the 25-year contract for Apapa Container Terminal granted to APM Terminals.
- Other countries in Africa and globally also utilize port concessions. Examples discussed include Tanzania granting a concession to TICTS for its Dar es Salaam container terminal, and landlord port models used in
The Incidence of Wreck Removal: The Nigerian PerspectiveAcas Media
This document summarizes Nigeria's laws and regulations regarding shipwrecks. It defines a shipwreck and outlines the roles and responsibilities of key agencies in Nigeria for shipwreck removal, including the Nigerian Maritime Administration and Safety Agency (NIMASA) as the designated Receiver of Wrecks. The document also discusses Nigeria's obligations under international conventions like the Nairobi Wreck Removal Convention and examples of past wreck removal projects in Nigeria between 2006-2011.
The Incidence of Wreck Removal: The Nigerian PerspectiveAcas Media
This document summarizes Nigeria's laws and regulations regarding shipwrecks. It defines a shipwreck and outlines the roles and responsibilities of key agencies in Nigeria for shipwreck removal and management. The Nigerian Maritime Administration and Safety Agency (NIMASA) is designated as the receiver of wrecks and is responsible for receiving and removing wrecks based on provisions in the Merchant Shipping Act and NIMASA Act. The document also discusses Nigeria's obligations under international conventions like the Nairobi Wreck Removal Convention and challenges faced in removing shipwrecks from Nigerian waters.
This document provides an overview of conveyancing and various contract arrangements in Nigeria's upstream oil and gas sector. It discusses key legislation and the regulatory structure, including the roles of the Ministry of Petroleum Resources, Department of Petroleum Resources, and Nigerian National Petroleum Corporation. It also describes Nigeria's licensing regime for oil exploration licenses, oil prospecting licenses, and oil mining leases. Finally, it outlines the major contract types used in Nigeria's upstream sector including concessions, joint ventures, production sharing contracts, and risk service contracts.
How To Boost Indigenous Participation In The Shipping SectorChijioke Ukwuegbu
This paper was awarded the "2015 Prize for the Best Researched Essay" at the Ship & Ports Annual National Essay Competition and presented in Lagos on December 17, 2015. Do enjoy and share with me how we can boost indigenous participation in the shipping sector.
ABSTRACT: Nigeria shipping industry is currently marred by the low-participation of indigenous operators. Numerous articles have been written on the reasons and problems, but this article goes further by describing three critical areas that have to be tackled: 1) Manpower development. 2) Business development. and 3) Government and proper legislation implementation. The Singapore shipping industry is used as a case study to explain how these three areas were tackled and today Singaporean indigenous shippers are among the top ten in the global shipping industry, from being a mere British shipping outpost a couple of years ago.
ENJOY...
Part2 Presentation by Nimi Erekosima of Thomas Douglas Limited at the Subsea ...NIMI EREKOSIMA
Nimi Godfrey Erekosima gave a speech on local content strategy for implementing construction plans in Nigeria's offshore oil and gas industry. He discussed Nigeria's local content policy and the need to fully accept local contractors to boost their success. He outlined strategies to increase Nigerian employment, ownership of marine assets, and establishment of key facilities. While local content has increased Nigerian employment and investment retention, it has also initially increased construction costs and reduced Nigeria's GDP. Overall, local content must be implemented in a timely, effective, strategic, and transparent manner to benefit all stakeholders in the long run.
Intels Nigeria operates the world's largest oil and gas free zone and has established itself as a major force in West Africa's oil and gas, project cargo, logistics and port operations sectors over nearly 30 years. It owns 65 cranes up to 250 tonnes and other equipment to handle cargo. Intels was awarded 25-year concessions for five Nigerian ports and plans to continue developing its facilities and services, such as partnering with other companies to offer door-to-door logistics solutions. Its free zone provides tax benefits and helps clients comply with local content rules.
Mc 2013 02 registration and deletion of vesselVinzboyles
This document outlines revised rules for the registration, documentation, and deletion of ships operating in Philippine waters as issued by the Maritime Industry Authority (MARINA). Key points:
- All ships of domestic ownership plying Philippine waters must be properly registered and issued a Certificate of Philippine Registry and Certificate of Ownership, regardless of size or use.
- The rules cover the registration process, requirements for reissuing certificates due to changes like ownership or homeport, and deletion from the Philippine registry.
- A Register of Philippine Ships will be maintained with details on registered vessels. Errors can be corrected following specified procedures.
- Annual tonnage fees must be paid, except for certain fishing vessels and non
Greetings,
Attached FYI ( NewBase Special 11 February 2015 ) , with
energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE:ADNOC signs MU$500 technical agreement with Oxy
• Mauritania: Sterling Energy acquires interest in Mauritania Block C-3 from Tullow Oil
Japan:January spot LNG price drops to USD 10.2 per mmBtu
• Malaysia: JOGMEC to fund INPEX’s exploration in Block S
• Italy: Sound Oil receives technical approval of the EIA for the Nervesa gas discovery
• US & Iraq were leading contributor to global oil supply growth during 2014
• U.S. oil output 'party' to last to 2020: IEA
• IEA expects no quick recovery in oil prices
• Oil falls as IEA warns oil stocks may hit all-time high
• Rosneft’s Sechin Slams OPEC, Warns On Possible Oil Shortage
• Oil Producers Outside OPEC Caught in Crossfire With Shale
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document contains a marketing plan for a freight and logistics company looking to take advantage of opportunities in the global maritime industry and Nigeria specifically. It outlines key points on industry trends, including growth of shipping in Asia Pacific and demand for container handling. Specific opportunities identified for the company include partnerships with Chinese and Indian firms, pursuing container shipping, embracing new technologies, and opportunities in oil/gas and renewable energy. The plan also identifies opportunities in Nigeria around acquiring shipping vessels, improving security, developing partnerships and intermodal infrastructure, and penetrating the oil/gas sector.
The Fisheries Code establishes objectives and policies for the conservation, management, and sustainable development of the country's fisheries and aquatic resources. It aims to conserve resources through mechanisms like catch ceilings and bans on fishing rare species. It also seeks to alleviate poverty among small fisherfolk and improve aquaculture. The Code applies in all Philippine waters and land devoted to fishing, and prioritizes access and resource use for Filipino citizens and fisherfolk. It regulates activities that may impact the environment through requirements like environmental impact assessments.
The document provides an overview of Nigeria's oil and gas sector. It discusses Nigeria's crude oil reserves and export grades. It also covers the country's proven oil and gas reserves and undiscovered gas reserves estimates. The document then summarizes the division of the industry into upstream, midstream, and downstream sectors. It provides details on joint ventures, production sharing contracts, service contracts, and marginal field concessions as the major fiscal arrangements in Nigeria's upstream sector. Finally, it discusses the key regulatory agencies and legislation governing Nigeria's oil and gas industry.
New base energy news issue 878 dated 22 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 22 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Iraq southern oil exports average 3.14 million barrels per day
• Tanzania: Otto Energy farms out Kilosa - Kilombero Licence,
• Algeria: Eni and Sonatrach renew partnership in Algeria
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• US: Musk Buys Musk: Tesla’s SolarCity Deal by the Numb
• Oil prices above $50, buoyed by US stock draw
• Oil Bust Pushes Producers Together to Make Cost Cutting Count
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The DMCA approves Monjasa as the official offshore oil spill responder for Dubai. Monjasa will keep a vessel on standby 24/7 for oil spill response. The OSR ship has a storage capacity of 3,000 tons and equipment for oil collection and containment. This public-private partnership supports Dubai's efforts for high maritime safety standards.
Sonatrach and Gazprom discover new oil and gas reserves in Algeria's Berkin Basin, bringing their total discoveries there to three.
Iona Energy provides updates on the Orlando oil field development in the UK North Sea, including signing agreements for production and securing necessary financing, with first oil expected by end of 2016.
Taipan
Measurement of Efficiency Level in Nigerian Seaport after Reform Policy Imple...IOSR Journals
This paper focuses on the impact of reforms on port performance using Onne and Rivers ports as a reference point. It analyses the pre and post reform eras of the ports in terms of their performance. The reforms took effect from 1996 after the Federal Government of Nigeria concessioned the ports to private investors. Parameters such as Ship traffic, Cargo throughput, Ship turn round time, Berth Occupancy and personnel were used as variables for the assessment. Secondary Data were collected from the Nigerian Ports Authority and Integrated Logistic Services Nigeria (Intels) for the period 2001 to 2010 and analyzed using Data Envelopment Analysis to assess the efficiency of the port. Analysis revealed a continuous improvement in the overall efficiency of both Ports Since 2006 when the new measure was introduced. Average Ship turn-around time improved in the ports due to modern and fast cargo handling equipment and more cargo handling space which were provided. There is an increase in Ship traffic calling at the ports, resulting in increased cargo throughput and berth occupancy rate at ports of Onne and Rivers. The reform also led to more private investment in the ports’ existing and new facilities and the introduction of a World Class service in port operation. This study concludes that the Ports of Onne and Rivers are performing better under the reform programme of the Federal Government of Nigeria. It finally recommends the urgent need for a regulator to appraise the performance of the reform programme from time to time as provided by the agreement and for the full adoption and utilization of management information system (MIS) to aid performance efficiency.
Similar to ADDRESSING LOCAL CONTENT LAWS WHILST CAPITALISING ON BURGEONING DEEPWATER EXPLORATION OPPORTUNITIES IN NIGERIA (20)
Action to Recover Solicitor's Fees - Locus Standi and Privity Hurdle: The cas...Acas Media
Under Nigerian law, one who practices a profession and renders his professional services to another at his request is entitled to receive remuneration or professional fees from the beneficiary of such services unless he voluntarily waives the payment . In the case of a legal practitioner, one of the options open to recover fees or costs due to him in his professional capacity is a right of action in court to recover such fees .
Ministerial Consent is required for Valid Change of Corporate Control under N...Acas Media
The Department of Petroleum Resources (“DPR”) on August 11, 2014, issued the “Guidelines and Procedure for Obtaining Minister’s Consent to The Assignment of Interest in Oil and Gas Assets” (the “Guidelines”). The Guidelines outlines the procedure for obtaining the consent of the Minister of Petroleum Resources (“Minister”) to the assignment of oil and gas concessions or an interest therein (“Consent”). The Guidelines are stated to be made pursuant to the provisions of Paragraph 14-16 of the First Schedule to the Petroleum Act (“the Act ”) and Sections 17 (5) (d) of the Oil Pipelines Act (“the OPA ”).
The Supreme Court of Nigeria examined the provisions of the Evidence Act 2011 regarding the admissibility of electronic evidence in the case of Kubor v Dickson. The Court established that for electronically generated documents to be admissible, the party seeking to tender them as evidence must satisfy the four conditions listed in Section 84(2) of the Act. These conditions require showing that the computer was operating properly, the information was supplied in the ordinary course of business, and a certificate identifying the document and describing its production is filed. The decision underscores that while electronic evidence is now recognized in Nigeria, the specific provisions of Section 84 must be met for such evidence to be admitted in court proceedings.
The Development of E-Commerce in Nigeria - Olushola AbiloyeAcas Media
THE IMPACT OF SUPREME COURT DECISION IN KUBOR v. DICKSON (2014) 4 NWLR (Part 1345) 534-594 ON THE DEVELOPMENT OF E-COMMERCE IN NIGERIA: ISSUES AND PROSPECTS
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ADDRESSING LOCAL CONTENT LAWS WHILST CAPITALISING ON BURGEONING DEEPWATER EXPLORATION OPPORTUNITIES IN NIGERIA
1. ADDRESSING LOCAL CONTENT LAWS WHILST
CAPITALISING ON BURGEONING DEEPWATER
EXPLORATION OPPORTUNITIES IN NIGERIA
Afolabi Caxton-Martins
2. CONTENT
I. Introduction
II. Nigeria’s growing role in Deepwater exploration activities
III. The fiscal regime and legal framework for Deepwater exploration activities in Nigeria
IV. Update on Nigeria's local content policy for Deepwater E&P project investments
V. Evaluating partnership gains for international investors and locals
VI. Conclusion
3. INTRODUCTION
Nigeria has 37 billion barrels of crude oil reserves
Offshore accounts for at least 80% of its total production
IOC’s rebalancing their portfolios towards the offshore
IOC divestments attracting junior players that can attract International equity to develop assets
New oil and gas discoveries by UK listed companies - Afren and Lekoil
Relative stability of offshore production remains attractive
99 billion will be spent on floating production systems in the next 5 Years
Projected spend represents a 138% increase over preceding 5 years
4. NIGERIA’S GROWING ROLE IN DEEP WATER EXPLORATION ACTIVITIES
FPSO’s/FSO’s in use in Nigeria are the following:
The AKPO FPSO - Total Upstream Nigeria: Capacity of 2 million barrels of oil.
ERHA FPSO – ExxonMobil: Capacity of 2.2 million barrels of oil.
The AGBAMI FPSO – Chevron: Capacity of 2.15 million barrels of oil.
USAN FPSO is owned and operated by Total.
CAMAC Energy recently signed a contract for the FPSO Armada Perdana for its production operations
in Nigeria.
FPSO Armada Perdana owned by Bumi Armada: Capacity of 40,000 barrels of oil per day and storage
capacity of 1.1 million barrels.
5. FPSO Trinity Spirit ex Independence in use at Express Petroleum’s Ukpokiti field OPL – 108 operated by Sheba E & P
Co.;
Texaco’s FSO Oloibiri in use at the Pennington/Middleton terminals – OML 88 &86;
Shell’s FPSO Bonga in use at its Bonga field - OPL 212;
Exxon Mobil’s FSO Falcon in use at its Yoho field - OML 104;
Total’s FSO Unity in use at its Amenam field - OML 99;
Shell’s FPSO Sea Eagle in use at its EA shallow waters field - OML 79;
FPSO Grey Warrior owned by Prosafe, on lease to Agip Energy for its Abo field - OPL 316;
NIGERIA’S GROWING ROLE IN DEEP WATER EXPLORATION ACTIVITIES
6. NIGERIA’S GROWING ROLE IN DEEP WATER EXPLORATION ACTIVITIES
FPSO Mystras owned by SBM, on lease to NPDC/Agip for its Okpono field;
FPSO Sendje Berge owned by Bergesen, on lease to Addax Petroleum for its Okwori field - OPL 90;
FPSO Knock Taggart owned by Fred Olsen on lease to Addax Petroleum in use at OPL 98;
FSO Ailsa Craig on lease to Amni Petroleum for its Ima field - OML 112;
FPSO Jameston in use at Cavendish’s Obe field - OML 110 operated by NNPC/Trafigura;
LPG FSO Escravos owned by Chevron Texaco located offshore
LPG FSO Berge Okoloba Toru owned by Bergesen on lease to GlobalGas & Refining Co. located at Bonny River.
7. LEGAL & FISCAL FRAMEWORK
LEGAL REGIME:
Law/ Regulation
o Section 39, Companies Income Tax Act (CITA)
o The Nigerian Content Act
o The Cabotage Act
Regulators
o Department of Petroleum Resources (DPR)
o National Petroleum Investment Management Services (NAPIMS)
o Nigerian Maritime Administration and Safety Agency(NIMASA)
o Nigerian Content Development and Monitoring Board(NCDMB)
8. LEGAL & FISCAL FRAMEWORK
FISCAL REGIME
2% surcharge payable to NIMASA on every contract executed in the cabotage area
1% of every contract sum awarded to be deducted at source and paid into the Nigerian content fund
10% of the revenue from all operations to be retained in Nigerian Banks
5% of the value of any contract to be paid as penalty for breach or non-compliance with the Local Content Act.
9. LEGAL FRAMEWORK AND INLAND SHIPPING (CABOTAGE) ACT 2003
PRINCIPAL OBJECTIVE - To increase indigenous participation in the Nigerian maritime industry, empower Nigerians
to acquire vessels and increase Nigerian tonnage.
CABOTAGE INCLUDES:
- The carriage of goods by a vessel, or any other mode of transport, from one place in Nigeria or above Nigerian
waters to any other place in Nigeria or above Nigerian waters either directly or via a place outside Nigeria.
- The carriage of goods in relation to the exploration, exploitation or transportation of the mineral or non-living
natural resources of Nigeria in or Nigerian waters.
- The carriage of passengers by vessel from any place in Nigeria or under Nigerian waters in relation to the
exploration, exploitation or transportation of the mineral or non -living natural resources in or under Nigerian
waters.
- The engaging by vessel in any other form of marine transportation activity of a commercial nature within
Nigerian waters and the carriage of goods or any substance within Nigerian waters whether or not the same is
of commercial value.
10. CABOTAGE ACT KEY PROVISIONS
Only vessels built in Nigeria, wholly owned and manned by Nigerian citizens may engage in coastal trade or
Cabotage within the coastal, territorial, inland waters, or any point within the waters of the exclusive economic
zone of Nigeria.
Section 2: "vessel" includes any description of vessel, ship, boat, hovercraft or craft….used or capable of being used
solely or partly for marine navigation and used for carriage on through or under water of persons or property
without regard to method or lack of propulsion.
Floating Petroleum Storage/FPSO expressly listed as eligible for registration in the Cabotage special register.
Minister can issue restricted license to foreign owned vessels
11. CABOTAGE ACT KEY PROVISIONS (CONT’D)
The Act provides for a system of waivers whereby some or all three requirements of the Act may be waived in the
following circumstances:
Where no wholly Nigerian owned vessel is suitable and available to provide the services or perform the
activity
Where no Nigerian ship building Company has the capacity to construct the particular type and size of vessel
Where no qualified Nigerian officers or crew are available for the specific positions needed
12. CABOTAGE ACT KEY PROVISIONS (CONT’D)
In granting waivers priority is given to vessels owned by joint venture companies; i..e companies where
Nigerians hold at least 60% of the company’s shares free from any trust or obligation in favour of non
Nigerians
Waivers may thereafter be granted to vessels registered in Nigeria and owned by any shipping company
registered in Nigeria and last to foreign vessels
All foreign qualified vessels (for Cabotage) require a licence from the Minister to operate within the
Cabotage area
Every vessel involved in Cabotage is required to be registered in the Special Cabotage Register
Penalties for the violation of the Act include fines up to NGN15M and forfeiture of the vessel. NIMASA has a
specialized unit for enforcement
NB 2% on contract sums on contracts performed by vessel in Cabotage
13. BAREBOAT CHARTER REGIME
To foster Nigerian tonnage and encourage indigenous acquisition of vessels
Allows foreign vessel on bareboat charter to Nigerian citizens for a minimum period of 5 years, which is under
the full control and management of Nigerian citizens or a company wholly and beneficially owned by Nigerian
citizens
Chartered vessel must be registered in the Nigerian Ship Registry and fly the Nigerian flag for the period of
the charter.
The vessel would have the status of a Nigerian ship, however all issues relating to proprietary interests in the
vessel would have to be referred to the original underlying registry of the vessel.
EG: a sale or mortgage of the vessel can only be conducted through the original registry.
14. NIGERIAN OIL AND GAS INDUSTRY CONTENT DEVELOPMENT ACT
(NIGERIA CONTENT ACT) 2010
OBJECTIVES
Designed to increase local capacity and participation in the oil and gas industry
Provides the legal and operational framework for the development of local (“Nigerian”) content
The Act regulates the activities and bidding processes of companies operating within the Nigerian oil and gas
sector and prescribes minimum levels of “Nigerian Content” for specific work categories
The Act creates the Nigerian Content Development Board (the “Board”)
The Board is responsible for pre-qualifying companies bidding for contracts in the industry and monitoring
compliance
Promotion of Nigerian content - major criterion for the award of licenses, interests or other operations
Pre-qualification is stipulated for contracts exceeding US$ 1,000,000
Nigerian independent operators to have first consideration in all projects for which a contract is to be awarded
in the industry
15. HIGHLIGHTS NIGERIAN CONTENT ACT
Nigerian Content is defined as the quantum of composite value added to or created in the Nigerian economy
by a systematic development of capacity and capabilities through the deliberate utilization of Nigerian
human, material resources and services in the Nigerian oil and gas industry
Nigerian Companies- incorporation in Nigeria and 51% equity held by Nigerians. Partnership with Nigerians is
therefore desirable to take benefit of preferential treatment accorded to Nigerian companies
Bid with Highest Level of Nigerian Content to be selected where bids are within 1% of each other at
commercial stage /Nigerian indigenous company with capacity to execute project not to be disqualified
where its bid does not exceed lowest bid price by 10%
Insurable risks related to oil and gas business, operations or contracts are required to be insured through
insurance brokers registered in Nigeria. NAICOM may give written consent to the engagement of foreign
insurers and reinsurers after ensuring that local capacity has been fully exhausted
International/Multinational Companies Working Through Nigerian Subsidiaries To Demonstrate Nigerian
Subsidiaries’ Ownership of a Minimum of 50% of Equipment Deployed
16. HIGHLIGHTS NIGERIAN CONTENT ACT
Contracts with budgets exceeding $100M must contain a Labour Clause stipulating minimum percentage of
Nigerian labour
1% of every contract sum to be paid to Nigerian Content Development fund
Only services of Nigerian legal practitioners and Financial institutions to be retained
17. UPDATE ON LOCAL CONTENT POLICY – COMPLIANCE CHALLENGES
Section 41(2) regarding the requirement for 50% asset ownership by Nigerian subsidiaries of international
companies
“International or multinational companies working through their Nigerian subsidiaries shall demonstrate that a
minimum of 50% of the equipment deployed for execution of work are owned by the Nigerian subsidiaries”
Finding the right Nigerian partners with financial capacity to take up 50% stake on commercial terms
The Board’s subjective application of the Act has resulted in regulatory uncertainty
The Board is suspicious of Cabotage bareboat arrangements
18. GUIDELINES AND POLICY STATEMENTS FROM THE BOARD ON COMPLIANCE WITH THE
LOCAL CONTENT ACT
The Board has developed a model and approved a precedent for 50 % equipment ownership by a Nigerian Subsidiary
based on the following minimum criteria:
I. Existence of a Nigerian subsidiary (which is a Nigerian Company under the NCDMB Act).
II. The Nigerian subsidiary must own at least 50% of the equipment, or a satisfactory plan for it to own 50 % of the
equipment.
III. Ownership or plan to transfer ownership must be in writing, legally binding, credible, and verifiable by the Board.
IV. Ownership or agreement to transfer ownership shall not be predicated on impossible or dodgy conditionalities. All
conditionalities or encumbrances based on 3rd party interest such as banks or financiers shall be submitted to
Board for verification.
V. A plan to transfer ownership shall take place during the life cycle of the contract for which the equipment is being
imported.
VI. Where the Board is giving approval based on a plan to transfer ownership, the approval will be provisional, normally
for a period of one year, renewable upon satisfactory compliance with the terms of the agreement for the transfer
of ownership.
VII. The Board will not allow round tripping of ownership whereby agreement is entered with the foreign vendor or
parent company to transfer ownership of asset/equipment after the life cycle of a contract. Except where the
Nigerian shareholders (who shall have the first right of refusal to purchase the equipment) have declined interest in
taking up the foreign equity interest, foreign shareholder(s) shall not be allowed to have the first option of buying
back the equipment after the contract.
19. CORPORATE STRUCTURES FOR COLLABORATING WITH LOCAL PARTNERS IN THE AREA OF
OWNERSHIP OF ASSETS DEPLOYED IN THE OIL AND GAS SECTOR
Asset Ownership
•The asset owning company incorporated offshore Nigeria
•A local non-asset owning company (operating company) incorporated in Nigeria with 51%
Nigerian shareholding and 49% foreign interest
•Operating company holds an initial 10% equity in the asset owning company which is increased
progressively to 50% over the life cycle of the contract
•Foreign partner loans Nigerians funds for acquisition of stake on commercial terms and at arms-
length basis and secures loan with call and put options and preference shares arrangements
Capital Contribution
Model
• A special purpose vehicle to carry out a project or projects registered in Nigeria
• Foreign partner contributes 50% of the asset (FPSO) to the SPV and provides a loan
to Nigerian Partner(s) to acquire 50% shares of the SPV
• The loan is secured with call and put options and preference share arrangements
Joint Venture
Company
• A joint venture company is registered in Nigeria owned EG: 60% by Nigerians and
40% by foreign partner
• The relevant asset is owned by the joint venture company
• The foreign partner funds the local partner’s acquisition and secures the loan
through mechanisms that would not run foul of the local content legislations
20. POSSIBLE STRUCTURES – ASSET OWNERSHIP
Rig owning company
(Incorporated in
Bermuda)
COMPANY A
(Bermuda)
COMPANY B
(Incorporated in Nigeria)
Current Structure
Step 1
Step 2 Step 3
Rig owning company
(Incorporated in
Bermuda)
COMPANY A
(BERAMUDA)
100%
COMPANY B
(Incorporated in Nigeria)
90%10%
Nigerian Investors
Rig owning company
(Incorporated in
Bermuda)
COMPANY A
(Bermuda)
COMPANY B
(Incorporated in Nigeria)
90%
Nigerian Investors
10%
10%
90%
Rig owning company
(Incorporated in
Bermuda)
COMPANY A
(Bermuda)
COMPANY B
(Incorporated in Nigeria)
51%
Nigerian Investors
49%
50%
50%
21. o The Contractual Framework Includes:
Bareboat Charter Agreement Including termination rights
Cooperation agreement envisaging a tri-partite contractual
agreement regulating management, operational support
cash flows etc
Tripartite arrangement gives IOC comfort and the vessel
owner privity of contract and opportunity to cure any
defaults of bareboat charterer
Payments in nigeria are subject to a currency split of 60:40
(USD ;Naira)
Bareboat charterer may direct IOC to pay USD portion
directly offshore to vessel owner
Fees may be secured further by account charge
Other contractual measures including offshore dispute
resolution
100%
Nigerian
Company
Vessel
Owning
Company
IOC
60%
Bareboa
t Charter
5 years
plus
40%
Account
Charge
Agreement
Management
and Technical
Services
Agreement
A TYPICAL BAREBOAT STRUCTURE
22. CONTENT REQUIREMENT FOR FPSOs & FSOs
Activities Description Minimum Requirement
Fabrication and Construction Storage tanks 80% tonnage
Umbilicals 60% tonnage
Risers 100% tonnage
Subsea systems 60% tonnage
Health Safety and Environment Site clean-up services 100% man hour
Pollution control 45% Spend
Fire and gas protection system service 50% man hour
Catering services 100% spend
Cleaning and laundry 100% spend
Security services 95% spend
Medical services 60% spend
Other supporting services 85% spend
Pollution control 90% man-hour/spend
Marine Operations/Logistics Hook-up, commissioning, marine installation services 75% man hour
Floating storage units 45% man hour
Installation of subsea package 60% man hour
Installation, hook-up and commissioning Subsea construction services 45% man hour
Installation of subsea services 45% man hour
Diving/ROV/submersible operations 75% man hour
Marine services 65% man hour
Subsea services 45% man hour
Project Management and Consulting
Services
Construction, management and supervision services 80% man hour
Project administration and management 80% man hour
Legal consultancy 50% man hour
Marine consultancy 50% spend
Sub-surface consultancy (geological, geophysical and
reservoir)
90% spend
Health, Safety and environment consultancy 45% man hour
Design consultancy (industrial and web design) 85% man hour
General management and business development
consultancy
80% spend
Other consultancy services 55% spend
Pollution and pollution control works and consultancy 65% spend
23. A PRACTICAL GUIDE TO APPROACHING THE BOARD
Identify prospective Nigerian partner (s)
Settle memorandum of agreement outlining plan to comply with local content rules
Parties meet with the Executive Secretary (“ES”) of the Board to discuss their plan and obtain an
informal approval
There is no specific model /arrangement which must be followed
Parties may be referred to the legal unit of the Board for further discussions or ES may give his clearance
to the IOC to prequalify a company for a tender
Process of ensuring compliance is continuous. Parties are recommended to continually update Board of
progress in growing Nigerian equity in the deployed assets
24. CURRENT TRENDS TOWARDS COMPLIANCE WITH THE ACT
WHAT YOU NEED TO KNOW
Since the enactment of the Act in there has been a lot of fluidity and dynamism among stakeholders in their
efforts at compliance. The key area in which the NCDMB is insistent on full compliance is the ownership of the
assets deployed in the upstream sector .
ATTITUDE OF THE BOARD
The NCDMB maintains that there must be demonstrable ownership or a road map towards attaining 50%
Nigerian equity in the assets deployed during the life cycle of a contract
For smaller valued assets such as old specification jack up drilling rigs and barges, there appears to be
insistence on demonstration of 50% Nigerian ownership
25. CURRENT TRENDS TOWARDS COMPLIANCE WITH THE ACT
With higher capital intensive assets like FPSOs where the Hull and Topside costs could exceed $700million,
the Board is willing to consent to a grant of a minimal percentage shareholding of 5-10% to Nigerians
The Board is also willing to allow a company, which has shown genuine commitment to acquiring an asset
with significant Nigerian equity participation, to bareboat charter similar or other vessels without subjecting
same to the ownership requirements.
A key consideration then is how to demonstrate to the Board the genuineness of the structure or
arrangement submitted for consideration
26. FREQUENTLY ASKED QUESTIONS ON NIGERIAN CONTENT ACT
Is there a specific model that the Board has provided
to ensure compliance with the asset ownership
requirement?
ANS: the Board has provided a plan in which it
expects to see Nigerian equity in any asset deployed
increased to 50% over the life cycle of the contract. It
is however willing to consider individual plans and
structures
How compliant are stakeholders in the sector with
this asset ownership requirement?
ANS: Almost all stakeholders are struggling to comply
Has the Board commenced enforcement actions
against defaulters?
ANS: the Board has not commenced large scale
enforcement but has threatened to do so soon
Would the Board allow for foreign partners to loan its local
partners the funds for acquisition of its stake in the assets
and if yes what security is it willing to allow the foreign
partners?
The ES has stated that it does not disapprove of a loan to
the local partners so long as it is devoid of any dodgy
conditionalities, grants first option of purchase in favour of
the foreign partner and round tripping of ownership.
Would the Board consider a call option on the shares of
the local partner a dodgy conditionality?
The Board is not likely to do so if there is an equivalent put
option in favour of the local partner?
What sort of penalty is the Board able to impose against a
supposed defaulter?
The Board can fine a defaulter up to 5% of the value of the
contract and terminate a contract which has been
awarded. It can also refuse to prequalify a company for a
proposed tender
27. If a company is deemed compliant does the NCDMB usually issue a formal letter of
compliance?
ANS: The NCDMB is not obligated under the Act to issue any formal letter of compliance
to subcontractors but usually reviews the operators submissions and signs off on same
What documents would the NCDMB typically desire to peruse before formal signoff on a
proposed plan?
ANS: The NCDMB has stated it would require to see board resolutions, financing
documents and title documents. However most plans are conditional upon a successful
tender
If an asset has Nigerian ownership is the NCDMB able to seize it in war time and if so
what remedies would a foreign partner have?
ANS: Nigeria has extant regulations prohibiting the expropriation of foreign assets,
although the NCDMB as well as other Government Agencies can seize detain or confiscate
assets if in breach of certain regulations
FREQUENTLY ASKED QUESTIONS ON NIGERIAN CONTENT ACT
28. EVALUATING PARTNERSHIP GAINS FOR INTERNATIONAL INVESTORS AND LOCALS
Successful projects will require partnerships with Nigerians:
o E.G. the Abang & Itut Satellite Field Development Project Platforms-designed and fabricated at Nigerdock Island
Integrated Free Zone for Mobil Producing Nigeria.
Structures like FPSO topsides, offshore platforms, buoys, subsea trees and pressure vessels are fabricated at
Nigerdock and other Nigerian yards.
29. INTERNATIONAL PARTNER’S PERSPECTIVE
Partners to conduct due diligence on each other
Identify exits before you enter
- Consider pre-emption/transfer consents/call option/put option
Ability to fund – Agree how to deal with a party’s failure or inability to pay
- Default transfer
- Forced sale (to another Nigerian)
- Dilution
- Guarantees
Governance:;clarify roles of respective partners especially for decision making
Aligned profit objectives is helpful (long term vs. short term)
Beware of building a JV around one person
Disputes resolution: International arbitration in a neutral forum
Fair agreements have the best chance of success
PARTNERSHIP - INTERNATIONAL INVESTORS AND LOCALS
30. PARTNERSHIP - INTERNATIONAL INVESTORS AND LOCALS
Local partner/risk sharing
Local law requires Nigerian beneficial ownership
Strategic alliance to gain an advantage
Local expertise & influence
Local partner contributes contacts
31. Partnerships with Nigerians are key to exploiting opportunities
There are commercial arrangements that can meet the local content rules and provide investor
comfort in relation to the asset deployed
Offshore oil and gas operations is the main focus for investment by the IOC’s
CONCLUSION