Business Hilights
Tracking Nigeria's Headline Business News Online

Indigenous technology in oil exploration can deepen activities—Agip

Leading oil exploration conglomerate, Nigeria Agip Exploration Limited, is partnering with about 120 indigenous technology companies in the 27 Local Government Areas of Imo State to showcase “their capacities and capabilities development”.

The company said the need to develop indigenous technology to drive the oil and gas industry will boost local content.

It was not clear if the company is advocating for the legalization of ‘illegal refineries’, but experts still believe that time has come for government to give operators of illegal refineries a sense of belonging.

But the Vice Chairman/Managing Director, Massimo Insulla, who spoke at the opening ceremony of the company’s Indigenous Technology Forum and Exhibition for its deep offshore indigenous contractors held at the New Concorde Hotels, Owerri, the Imo State capital, , said the company recently organised training programme for 90 contractors in Yenegoa, Bayelsa State, another training for 60 in the same category on Succession Planning in Asaba, Delta State, among others.

He said about 360 youths had been trained by the firm under its Vendors Development Programme, and 250, under the Vendors Upgrade Aware.