Chevron Restates Resolve To Improved Local Content In Oil, Gas Sector
Chevron Nigeria has said it would continue to empower Nigerian service providers and suppliers to increase local content in the oil and gas sector.
The Chairman and Managing Director of the oil firm Jeff Ewing who revealed this noted that the move would be achieved through human and business capacity development.
Ewing also said the company will sponsor researches, form partnerships and business deals that would enhance the capacity of indigenous companies in the industry.
He added that the firm in 2017 made an investment of $2bn in local contents, just as the purchase of materials through the community contractors took $74 million.
This is as the cost of services from these contractors was pegged at $284m,
Ewing noted that “At Chevron Nigeria Limited, we demonstrate our commitment to the socio-economic development of Nigeria by building mutually beneficial partnerships and supporting the policies of government on Nigerian content development.
“We have helped in building the capacities of several Nigerian businesses by allocating substantial scopes of our major capital projects to Nigerian companies.
“Chevron is also helping to grow the Nigerian economy by contributing to the development of communities in the areas of our operation.
“We do all this, not just because it is required by the law, but because it is the right thing to do.”
In addition, Ewing said that the company is partnering with the Nigerian Content Human Capacity Development Initiative to train Nigerians to deliver value during project execution.