Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

INEC Probes Suspected AI-Generated Photos In Voters’ Register

November 2, 2026

President Tinubu prays for Nigeria’s prosperity at dinner with governors, aides in Saudi Arabia

November 2, 2026

Arsenal End 14-Year Winless Run At Anfield To Go Top Of Premier League

November 2, 2026
Facebook X (Twitter) Instagram
Trending
  • INEC Probes Suspected AI-Generated Photos In Voters’ Register
  • President Tinubu prays for Nigeria’s prosperity at dinner with governors, aides in Saudi Arabia
  • Arsenal End 14-Year Winless Run At Anfield To Go Top Of Premier League
  • Minister of Aviation Keyamo launches TV campaign series to showcase Tinubu’s aviation record
  • CAF reverts AFCON to two-year cycle
  • Nigeria’s First Lady Unveils Empowerment Initiative for Elderly Citizens
  • President Tinubu arrives in Saudi Arabia for lesser hajj
  • Tinubu defends foreign loans, says Nigeria needs infrastructure to build $1trn economy
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Oil & Gas»PETAN, Others Form African Local Content body, Get NCDMB’s Backing
Oil & Gas

PETAN, Others Form African Local Content body, Get NCDMB’s Backing

VardiafricaBy VardiafricaAugust 14, 2025Updated:August 14, 2025No Comments9 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Oil and gas service providers across Africa have formed a continental forum known as the African Local Content Organisation (ALCO), with the goal of collaborating among themselves to deliver complex projects, creating and retaining value in the multibillion dollar African energy sector and growing the economy.

The organisation was unveiled on Wednesday, Day 2 of the 2025 Namibia Oil and Gas Conference, at Windhoek, Namibia. Membership is open to national associations of service providers in the oil and gas and mining sectors across the African continent.

Chairman of the Petroleum Technology Association of Nigeria (PETAN) and member of NCDMB Governing Council, Mr. Wole Ogunsanya introduced the organisation and explained that the body would serve as the private sector arm of the African Petroleum Producers’ Organisation, (APPO), which comprises African governments engaged in oil and gas operations.

He underscored the pivotal and complimentary roles the private sector plays in building African local content, particularly in the development of competent human capacities, deployment of technologies and equipment, mobilization of private capital, and execution of projects.

He said the organisation would be launched officially at the 2026 African Union (AU) conference, in view of its strategic importance to continent’s economy.

Key to the group’s plan is to institute close partnership with APPO and the African Energy Bank (AEB). The Bank was recently set up by APPO to fund big ticket energy projects across the continent and bridge the funding gap impeding the development of key energy projects.

Members of the group, Ogunsanya said, are well positioned to execute key scopes of the projects that would be financed by the Energy Bank. This would guarantee value and spend retention in the continent, helping to catalyze the economy.

Other key objectives of the forum include facilitating exchange of knowledge and capacities among African energy service companies, enabling collaboration on projects, and growing Africa’s gross domestic product (GDP).

The PETAN Chair added: ”through the forum we can carry out benchmark studies, join forces to solve industry problems. It is also a forum where African energy service companies can link up and find partners across the continent. It would enable the exchange of equipment and partnership on major industry projects. As Namibia or any other African country develops energy projects, you can count on your African brothers to share our over 70 years knowledge and experience in the oil and gas industry.”

14 African countries have already joined the organisation, he said, including Nigeria, Morocco, Senegal, Angola, Democratic Republic of Congo. The PETAN chairman is serving as the interim chair of the African Local Content Organisation, while Ibrahim Talla from Senegal is the Secretary,

The new organisation has received endorsement from the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, who described it a key platform for advancing African local content. Represented at the Namibian event by the Director, Corporate Services, Dr. Abdulmalik Halilu, the NCDMB boss referenced the vital roles the Board played in the establishment of the African Energy Bank, assuring that it would continue to promote African local content and extend every possible assistance to the ALCO.

Obinna Ezeobi, PhD

GM Corporate Communications

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

NNPC, Gov Zulum Meet Over Resumption Of Exploration In Borno

October 29, 2026

FG kicks off $100m Southeast gas pipeline project

October 28, 2026

NCDMB Inaugurates Technical Advisory Board to Drive Research, Innovation and Technology Commercialization

October 27, 2026

Leave A Reply Cancel Reply

Top Posts

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025748

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202499

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202454

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202552
Don't Miss
Politics
Politics By VardiafricaNovember 2, 20263 Mins Read1

INEC Probes Suspected AI-Generated Photos In Voters’ Register

By VardiafricaNovember 2, 20261 Politics Updated:November 2, 202603 Mins Read

The Independent National Electoral Commission (INEC) says it is investigating suspected AI-generated photographs found in…

President Tinubu prays for Nigeria’s prosperity at dinner with governors, aides in Saudi Arabia

November 2, 2026

Arsenal End 14-Year Winless Run At Anfield To Go Top Of Premier League

November 2, 2026

Minister of Aviation Keyamo launches TV campaign series to showcase Tinubu’s aviation record

November 2, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: [email protected]
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

INEC Probes Suspected AI-Generated Photos In Voters’ Register

November 2, 2026

President Tinubu prays for Nigeria’s prosperity at dinner with governors, aides in Saudi Arabia

November 2, 2026

Arsenal End 14-Year Winless Run At Anfield To Go Top Of Premier League

November 2, 2026
Most Popular

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 2025748

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202499

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202454

Type above and press Enter to search. Press Esc to cancel.