Equatorial Guinea reiterates call for local content compliance
Nov. 26, 2018
The Minister of Mines and Hydrocarbons of Equatorial Guinea has praised Schlumberger and TechnipFMC for their actions to comply with the country’s local content regulations.
“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 nationalization program demonstrates their willingness to ensure that benefits of oil contracts are shared with our citizens,” said Minister Gabriel Mbaga Obiang Lima.
“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.”
The Ministry recently canceled all contracts awarded to Subsea 7 for its alleged failure to satisfy local content rules.
Under the 2014 National Content Regulations, contractors must register with the Ministry’s local content department and give preference to local companies.
