By Eniola Idris
The Petroleum Technology Association of Nigeria (PETAN) has commended Dorman Long Engineering Limited for being true to local content development through consistent collaborations that heighten indigenous technical excellence in the Nigerian oil and gas industry.
Chairman, PETAN, Nicolas Odinuwe made the commendation at a private investment ceremony by its member, Dorman Long Engineering Limited to announce a private equity investment by Africa Capitalworks, an Africa-focused private equity company in the UK extending their reach to Nigeria.
Odinuwe, addressing industry players at the event, including the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, said that regardless of inconsistent government policies and oil prices, local resilience is rewarded over time, just as indigenous technical excellence leads to success as shown by Dorman Long Engineering and PETAN’s indigenous oil and service companies.
“Industrial self-sufficiency in Nigeria is achieved by the existence of companies such as Dorman Long Engineering Limited through its collaborative efforts with stakeholders.
“It’s strategic employment policy is also critical to the work of International Oil Companies (IOCs) and Lagos state so its exciting to see that the policies of the present administration, especially the Petroleum Industry Act (PIA) are providing opportunities for serious companies such as ours to invest and work”.
Dorman Long Engineering Limited is an indigenous fabrication company that primarily specialises in the oil and gas and telecommunications industries while Africa Capitalworks is an Africa-fosused private equity company domiciled in the United Kingdom.
