The Petroleum Technology Association of Nigeria (PETAN) has reaffirmed its commitment to the development of the oil and gas industry.
This was disclosed by the new Chairman of PETAN, Mr. Nik Odinuwe while speaking at the inauguration of the newly elected officers of the association.
Odinuwe said the association is fully in support and committed to the development of the Nigerian oil and gas industry.
“PETAN is reputed as the initiator of local content in Nigeria and has been championing the quest for increased local participation in the Nigerian Oil and Gas industry, thereby culminating in the Nigerian Oil and Gas Industry Content Act, 2010,” he said.
He emphasized the role of PETAN as an association of Nigerian indigenous technical oilfield service companies and how it contributes to the Nigerian oil and gas sector.
He said; “PETAN has been promoting the development of the oil and gas industry in Nigeria through the organization and participation of Nigerian entrepreneurs in conferences, seminars, workshops, and creating opportunities for Nigerian companies to project themselves in the competitive industry.
“PETAN companies and their contractors employ over 20000 Nigerians of which over 60% are graduates. This has a beneficial “domino” effect on the economy through the use of local inputs, growth of local expertise and know-how.
“Since 2005, PETAN has been solely responsible for organizing the Nigerian Pavilion and the exhibition of Nigerian companies at the Offshore Technology Conference, OTC, which holds in Houston, Texas every year. It has also created opportunities for Nigerian companies to showcase themselves in other international conferences and exhibitions locally and internationally.”