The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will at its peak create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.
He stated this on Wednesday in Abuja during the signing of the Letter of Intent (LoI) for the Train-7 Engineering, Procurement and Construction (EPC) Contract between NLNG and the preferred consortium- SCD, which is constituted by three entities – Saipem, Chiyoda and Daewoo.
The Managing Director of NLNG, Engr. Tony Attah said at the event ”that Train-7 will move from Front End Engineering Design (FEED) to detailed design, construction, commission and delivery and this phase will attract almost $7bn with an addition of the upstream scope of $10bn which will boost the foreign direct investment profile of Nigeria.”
He pledged the company’s commitment to achieve the project within four to five-year period and hoped that it would sign the Final Investment Decision (FID) by the end of October 2019.
Dwelling further on the opportunities, Wabote said “the NLNG Train-7 will deliver 100 percent engineering of all non-cryogenic areas in-country. The total in-country engineering man-hours is set at 55 percent which exceeds the minimum level stipulated in the NOGICD Act, in line with our resolve to push beyond the boundary of limitations.”
The schedule of the NOGICD Act set the minimum engineering man-hours for FEED and Detailed Engineering on LNG Facility at 50 percent.
He stated further that the benefits of the Train 7 project will extend to site civil works on roads, piling, and jetties, 100 percent local procurement of all LV and HV cables, non-cryogenic valves, protective paints and coatings, sacrificial anodes and many other direct procurements from our local manufacturing plants.