National Mirror: IOCs, Indigenous Firms Partner to Boost Local Content Development (Nigeria)
With several challenges, especially the delay in the passage of Petroleum Industry Bill, PIB, low crude oil prices and equally low investments, operators may not be able to deliver on target benchmarks. In this analysis UDEME AKPAN and CHIDI UGWU report that industry players have however recorded noticeable achievements in the area of local content development.
There are indications that the International Oil Companies, IOCs and their indigenous counterparts have continued to record strides in local content despite many challenges in the upstream sector, involving exploration and production of crude oil and natural gas.
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