The association expressed solidarity with these stakeholders in the face of slumped oil price which has taken a heavy toll on the industry. The delegates suggested solutions to cost pressures, regulatory policies, institutional framework and quality service delivery. Notable among them is the introduction of the PETAN’s seal of competence which would ensure quality service delivery and promote risk-adjusted service contracts.
The GGM of NAPIMS Mr Dafe Sejebo who was visibly cheerful as he received the visitors heaped praises on the initiative to engage in this manner and advised every member of PETAN to collaborate, pull resources, and draw from their combined wealth of experiences in order to jointly identify and execute massive projects. Emphasizing that he is willing to support the association, he threw his weight behind the idea of having Nigerian standards that will govern the industry, championed by PETAN as it is done in other parts of the world. Representatives of PETAN were also glad to hear the new bid to crash government’s contracting cycle such that the longest period on any bidding process is six months.
Mr Bayo Ojulari, M.D of SNEPCo and his team consisting heads of strategic departments and key projects itemized areas where PETAN delegates could invest in. Though categorized as offshore, Mr Ojulari believes indigenous capabilities could be developed and PETAN companies should take on the challenge and help cut the cost incurred on those operations since SNEPCo currently engages foreign companies on the related work packages.
The visit to Seplat Petroleum Development Company Plc followed similar pattern as PETAN executives engaged Mr Austin Avuru and sought for opportunities available to member companies who have displayed competencies in their various fields of endeavour. PETAN Chairman told Mr Avuru, “Now, there is a deep sense of commitment to quality service from every member than ever before, as the association has finalized plans on introducing the PETAN seal of competence”.
The M.D of First E&P Mr Ademola Adeyemi-Bero said, “Only through collaboration can PETAN companies seize the massive opportunities that are unfolding with the operations of First E&P”. He noted that they were on the verge of being awarded some development projects in a neighbouring African country. Mr Isa Abdul, M.D of Waltersmith was quoted as he emphasized the need for synergy amongst PETAN companies. “The opportunities are endless between us if some of your members stopped diversifying into new areas already captured by other members and instead, focused on pulling expertise and resources together”, he said. He appreciated the PETAN member companies that were contracted as a consortium which delivered 7 wells within one year on its behalf and he promised continued patronage.
At Aiteo Exploration and Production, Mr Bank Anthony told the host about PETAN’s capacity to finance projects to the tune of $100 million without any interest accruing. On further inquiry, Mr Chike Onyejekwe understood the facility would come in the form of services offered by PETAN companies and he expressed willingness to contract more PETAN companies as the need arises on existing projects.
