The Petroleum Technology Development Fund (PTDF) was established by Act No. 25 of 1973 which repealed the Gulf Oil Company Training Fund Act. Prior to the establishment of PTDF, there existed the Gulf Oil Company Training Fund, the assets of which were transferred to the Fund upon promulgation of the Act setting it up. The legislation vested the Fund with the responsibility of training and educating Nigerians to become professionals and experts in the petroleum industry. The Fund existed only as a desk in the Department of Petroleum Resources until the year 2000 when it became a fully functional Agency of government
- Domestication of the Funds Interventions especially the Overseas Scholarship Scheme, with a view to stemming the escalating costs & relocating the benefits of these programmes from foreign training institutions & bodies to indigenous institutions.
- Creating linkages with the Nigerian oil and gas industry with a view to ensuring that the benefits of PTDF capacity building interventions are seamlessly realised through increased participation of Nigerians in all aspects of the country’s oil and gas value chain;
- Utilization of oil and gas centres of excellence developed in strategic locations to drive the actualization of the Fund’s mandate.
Cost cutting and waste reduction through institutionalization of efficient and effective internal processes, full regulatory compliance and due process. - Ensuring sufficient & sustainable funding through timely release of funds and effective investments.
Reposition PTDF to be a major source of cutting edge research for the Nigerian and global oil industry
PTDF Towers
2 Memorial Close, Central Business District, Abuja.
Mobile: +234-810-6857806; +234-810-6801744
Email: [email protected]
Web: www.ptdf.gov.ng