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Tag: Petroleum Technology Development Fund (PTDF)

About Petroleum Technology Development Fund (PTDF)

The Petroleum Technology Development Fund (PTDF) was established by Act No. 25 of 1973 which repealed the Gulf Oil Company Training Fund Act.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.

Building Capacities and Capabilities in Nigeria’s Oil and Gas Industry through the development of Human Capacities, Institutional Capacity Development as well as the promotion of Research and Acquisition of relevant technologies.

To serve as a vessel for the development of indigenous manpower and technology transfer acquisition in the petroleum industry as well as make Nigeria a human resource centre for the West African sub-region.

To train Nigerians to qualify as graduates, professionals, technicians and craftsmen in the field of engineering, geology, science and management in the oil and gas industry in Nigeria and abroad.

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