Petroleum Technology Development Fund

The Petroleum technology Development Fund (PTDF) was established by Act No. 25 of 1973, which replaced the Gulf Oil Company Training Fund (Administration) Act, 1964 and vested in the Fund all the assets and responsibilities of the defunct Gulf Oil Company Training Fund. The PTDF Act in its definition clause states that it is “ An Act to repeal the Gulf Oil Company Training Fund (Administration) Ac

t 1964 and to establish the Petroleum Technology development Fund for the purposes of training and education of Nigerians in the Petroleum Industry”. MANDATE
The Fund’s mandate is dedicated to building of 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. MISSION
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. VISION
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.