INSIDER VIEW
ETS CHRIS TRADING AND DRILLING PLC’s experience of the local industrial landscape and its regulatory requirements places it in a unique position. With IOCs seeking to meet the obligations of the Local Content Act, only indigenous firms with the right expertise can be in a position to offer their services in those areas that were previously the preserve of international contractors.
We offer:
- An enabling environment for our clients
- Guidance through the regularity complexities
- Familiarity with the oil & gas industry in Benin and West Africa
- Full access to skilled Benin labour and materials resources
Implementation of the 2010 Benin Oil and Gas Industry Content Development Act has raised the share of in-country sector spending, contracting and funding.
The Benin Government has set a minimum local content target for all works and contracts to be undertaken in or on behalf of all oil & gas companies operating in the Benin oil & gas industry.
To meet this target, processes are now in place including a contract evaluation and award criteria. This favours bids that meet or exceed the minimum local content target. The Benin government, via the NCDMB (Benin Content Development & Monitoring Board), has issued a list of categories of work that must be executed in Benin.
At ETS CHRIS TRADING AND DRILLING PLC, we are of the view that maximising local content is not only politically sensible but it makes good business sense. Lower composite rates can be realised by increasing Benin labour and materials resources, especially where these are readily available and the prices are commercially attractive.
THE LOCAL IMPERATIVE
Implementation of the 2010 Benin Oil and Gas Industry Content Development Act has raised the share of in-country sector spending, contracting and funding.
With international oil companies (IOCs) seeking to meet the obligations of the Act, we recognise, however, that only those local firms with the right expertise and experience can be in a position to offer their services in those areas that were previously the preserve of international contractors.
ETS CHRIS TRADING AND DRILLING PLC is the only Benin company now offering its combination of international drilling expertise, drilling rigs and associated equipment, and local knowledge of the Benin market and Benin content legislation.
The Benin Government has set a minimum local content target for all works and contracts to be undertaken in or on behalf of all oil & gas companies operating in the Benin oil & gas industry. This target is fully supported by the oil & gas companies operating in Benin. To meet this target a number of processes are now in place including a contract evaluation and award criteria, which favours bids that meet or exceed the minimum local content target. The Benin government, via the NCDMB (Benin Content Development & Monitoring Board), has issued a list of categories of work that must be executed in Benin.
At ETS CHRIS TRADING AND DRILLING PLC, we are of the view that maximising local content is not only politically sensible but it makes good business sense as lower composite rates can be realised by increasing Benin labour and materials resources, especially where these are readily available and the prices are commercially attractive.