ARCO-NAOC dispute: NCDMB summons NAOC MD, others


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The Nigerian Content Development and Monitoring Board (NCDMB)  has invited the Managing Director of Nigerian Agip Oil Company (NAOC), Mr. Massimo Insulla to a meeting in relation to the ongoing business dispute between it and Arco Petroleum Engineering Company Limited over the maintenance of Obob/Ebocha/Kwale Gas plants.

The invitation followed NCDMB’s  receipt of a formal letter of complaint to it by Arco Petroleum on the matter dated September 10, 2014 wherein the company alleged among other things that NAOC and General Electric “are ganging up to forcibly remove an established indigenous contractor like Arco that can prove its mettle in the maintenance of such hi-tech equipment exclusively for six months.”

Commenting on the intervention of the Board, the Executive Secretary, NCDMB, Engr. Ernest Nwapa explained that the Board would continue to ensure that the provisions of the Nigerian Content Act are adhered to in relation to any contract or operation in the Oil and Gas industry.



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