The Nigerian Content Development and Monitoring Board (NCDMB on Tuesday issued the Nigerian Content Compliance Certificate (NCCC) for the Ikike field development to Total Exploration and Production Company.
The Executive Secretary NCDMB, Engr. Simbi Wabote issued the Certificate to the outgoing Managing Director of Total E&P, Mr.Nicolas Terraz at the sidelines of the 2019 Nigerian Oil and Gas Conference in Abuja.
The issuance of the NCCC marks the conclusion of the technical and commercial evaluations on the Ikike project by the NCDMB, National Petroleum Investment and Management Service (NAPIMS) and Total. The NCCC paves the way for the commencement of the execution phase of the project.
A typical NCCC is the output of the tendering processes on a project and contains the selected contractors, Nigerian Content commitments and other details, including scopes, tonnage, man hours, costs for various scopes among other information. It forms the guidebook for monitoring the execution of the project.
The Executive Secretary commended Total for reaching the milestone, which is coming after the conclusion of the Egina Deepwater Project, which recorded landmark Nigerian Content accomplishments. He noted that Total would be spending about US$500m dollars executing the Ikike Project and it is expected to deepen Nigerian Content implementation, create huge work opportunities for local service companies and thousands of employment prospects for qualified young Nigerians. He said, ”today marks the official kick-off of Total Ikike Project in Nigeria. It is one of the projects we talked about during the 2019 Nigerian Oil and Gas Opportunity Fair. They have also started working on the Preowei Project.”
Wabote also commended Mr. Terraz for his sterling accomplishments as the Managing Director of Total and charged the incoming MD, Mr. Mike Sangster to build on the achievements of his predecessor.
The Ikike field is located in the OML 99 license offshore Nigeria, with Total being the operator with a 40 percent stake. The project is expected to be developed as a tie-back to Amenam (5 wells) platform. The field is estimated to hold reserves of 70 million barrels of oil equivalent.