The collapse of corporate organizations is linked to several factors. While we cannot disregard the force majeure phenomenon, failure to comply with best global practices top the list of business risks.

As businesses struggle for survival due to growing challenges, a number of them would rather stick to high standards of quality that their brand names are known for.

It goes without saying that these businesses have integrity ingrained in their operations; in fact, they have included it into their mission statements such that individuals of high repute and honor occupy their board and management positions.

Despite the fact that there are some companies that do not implement global practices in their daily operations, many more in the nation have demonstrated beyond doubt that they value their integrity by upholding ethical standards in their respective industries while continuing to be truthful in their local and international business dealings.

In this special report titled Integrity In Business- Special Report on Firms with Integrity and High Ethical Values, we will be unveiling some reputable firms in the corporate environment that have operated over the years with no blemish at local and international levels and can be relied upon business-wise.

PETRO EXTRA ENERGY SERVICES LTD: ENERGIZING WITH ETHICS, EXCELLENCE, AND EXPERTISE

As a Nigerian company built on the principles of trust, transparency, and accountability, Petro Extra Energy Services Limited the brainchild of Engr. John EebuYowika, is dedicated to delivering exceptional services and solutions to its clients.

With a strong commitment to safety, quality, and environmental sustainability, the company strives to exceed expectations and set new standards in the oil and gas sector.

Its team of experts is passionate about creating value and making a positive impact in the communities it serves.

In this special report, the astute CEO talks about the tremendous success recorded in the oil and gas industry and the new projects ahead. Excerpts…

Petro Extra Energy Services Limited has been a party to the Nigerian Content initiative of the government of Nigeria right from the conception, formulation, enactment and implementation.

We have an unreserved passion to see the actual manifestation and positive impact of this laudable initiative on the Nigerian economy.

In this regard, as a wholly indigenous company, we are responsible for the complete execution of the scope of work except in instances where expatriate personnel are specifically required as contract staff for the work.

We execute the contract to have no recordable incident or injury, communicating to its staff and contractors the concept of “accident-free” that no task is worth completing at the expense of safety.

By our structure, we guarantee that the percentage of total spend, man-hours stipulated in the NOGICD Act would be domiciled in-country. Our contracting policy shall allow first consideration contract awards to Nigerian/community contractors as far as they possess the capability to carry out such projects.

In terms of workforce, we regularly trained to become globally certified personnel using renowned technology proprietary owners as we aim to deliver safe, high-quality, and value-driven services using the best local resources and professionalism.

We are committed to establishing a sustainable and continually improving our capacity to provide predictable and quality services to our clients while concurrently fostering lasting relationships with professionals, government bodies, trade contractors and suppliers.

Company Driven by Integrity

We have approved procedures in place that cover critical areas of our operations, these procedures are in line with industries best practises and conforms to regulatory standards.

Our company is also certified making our establishment able to favourably compete with other international establishments. Currently, we are handling maintenance services in equipment, plant and firefighting equipment, and facility maintenance for some multinationals and indigenous Oil & Gas exploration service companies.

Company’s Approach to HSE Management

We are committed to giving priority to Health, and Safety of our personnel and that of other persons directly or indirectly affected by our operations.

Our activities are conducted in a manner that causes no harm to the environment. We also insist that all our contractors and sub-contractors exhibit the same determination and commitment.

We have a policy that we believe wholeheartedly will guarantee quality and high productivity. All our business operations are organized, planned and executed with the highest level of consideration to HSE:Our approach to HSE is also tailored to suit oil exploration, geophysical industries and environmental agencies’ accepted standards on health, safety and environmental policies.

Major Challenges in the Industry

The nature of our services warrants that we have access to foreign currencies regularly in our operations, for procurement purposes from foreign OEMs.

In cases like bidding processes, you find out that after the submission of quotes for a bid and after the process of bid evaluation to the execution stage, the forex rate at the time of bidding, sometimes skyrockets, leaving a negative impact on the project cost. This is part of our current major challenges.

Expansion and Growth

Shortly, we intend to increase our current services to accommodate more demands in the industry, we also aim to start manufacturing some core materials and equipment required in the industry but not readily available in the country. We currently are in talks with some foreign companies in this regard and so far, we are advancing well.