TechnipFMC and Schlumberger support Equatorial Guinea’s local content regulations

15103900971 dd5e8a89f7 zEquatorial Guinea congratulates international oil services companies TechnipFMC and Schlumberger for their proactive steps towards local content compliance. (Image source: Rennett Stowe Follow/Flickr)Gabriel Mbaga Obiang Lima, Equatorial Guinea’s minister of Mines and Hydrocarbons, has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with the country’s local content regulations

The announcement follows the decision to cancel all contracts awarded to international oil services firm subsea seven for failure to comply with local content rules in Equatorial Guinea.

Lima said, “Both Schlumberger and TechnipFMC have a long history of working in our country, and their recent engagement with local companies, commitment to train, develop and promote our citizens as well as setting up a robust workplace nationalisation program demonstrates their willingness to ensure that benefits of oil contracts are shared with our citizens.”

“I want to urge the entire industry to continue with our policy of building a culture of compliance. We will continue to be flexible and will continue working on making our country the best place for oil companies to operate in the region,” he added.

National content provisions in the country are set out in the 2014 national content regulations, under which contractors must notably register with the Ministry’s local content department and give preference to local companies.

The Ministry of mines and hydrocarbons is currently completing a local content compliance audit to assess efforts taken by operators and contractors towards local content compliance.

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