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

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Facebook X (Twitter) Instagram
Trending
  • Africa set to launch its own credit ratings agency
  • FG Launches $1bn Social Protection Programme For Vulnerable Nigerians
  • Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria
  • Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night
  • NBA Conference: NDDC Advocates Diversification of Niger Delta Economy
  • EFCC offers whistleblowers 5% reward to uncover stolen Nigerian assets abroad
  • NDDC Backs Tourism Initiative to Transform Bonny Kingdom
  • Israel Donates First Batch Of Ambulances, Medical Equipment To Nigeria
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 Comments6 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

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026

NBA Conference: NDDC Advocates Diversification of Niger Delta Economy

August 26, 2026

NDDC Backs Tourism Initiative to Transform Bonny Kingdom

August 26, 2026

Leave A Reply Cancel Reply

Top Posts

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

October 15, 2025498

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

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

October 15, 202453

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

January 20, 202551
Don't Miss
Africa
Africa By VardiafricaAugust 27, 20262 Mins Read3

Africa set to launch its own credit ratings agency

By VardiafricaAugust 27, 20263 Africa Updated:August 27, 202602 Mins Read

Africa is set to launch its own credit ratings agency next month, in a move…

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026

Meta to pay up $18 billion to settle children’s social media harm case, impose two-hour daily limit and block teen app usage at night

August 27, 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

Africa set to launch its own credit ratings agency

August 27, 2026

FG Launches $1bn Social Protection Programme For Vulnerable Nigerians

August 27, 2026

Tinubu Urges NLNG To Convert Gas Flaring Into Economic Benefit For Nigeria

August 27, 2026
Most Popular

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

October 15, 2025498

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202497

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

October 15, 202453

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