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Oil companies express worry over impacts of security challenges

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Mixed blessings for Nigeria as crude oil prices crash

Nigeria based International oil companies have said that the safety of staff and assets are some major challenges affecting their operations in the country.

This was made known during a high-level panel of Industry Leaders with the topic: “Maintaining Nigeria’s Position as the Oil and Gas Investment Destination of Choice’’ at the ongoing Nigerian Oil and Gas Conference and Exhibition in Abuja on Wednesday.

The Country Chairman and Managing Director, Shell Companies in Nigeria, Mr Osagie Okunbor, said that safety in the area of deepwater project was also a challenge. According to him, the security of vessels in the country is not guaranteed as that can hinder the future of deepwater projects in the country.

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According to him, the future of the deepwater projects worries me and the most concern is that Nigeria is not fast in taking a decision and because of this, capitals are going to other countries.

Sharing thoughts on this the Executive Director, Total Plc. Mr Patrick Olinma said that the management was concerned about the safety of its staff as well as the company’s assets.

“Assurance of safety and security will go a long way in boosting production in the sector. He called for collaboration of all stakeholders to help boost security in operational areas and in the country at large.”

The Chairman and Managing Director, Chevron Nigeria Ltd., Jeff Ewing also noted that security and safety should be taken seriously to ensure growth in the sector. “The protection of people working is very critical. There is the need to put up bright policies in place to boost the security,’’ Ewing said. This, according to him, will help drive the desired growth and development in the industry.

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