Eunisell rallies support to marginal field operators
This, the company believed would boost early production in oil and gas marginal fields in the country. In an interaction during a technical session at the Society for Petroleum Engineers (SPE) conference and exhibition in Lagos, the General Manager of the company, Patrick O’Callaghan, stated that the changing times in the oil and gas industry now requires companies to embrace partnership, and innovation, if they muster to stay profitable.
He added: “The dwindling oil price is a major topic here today, companies are cutting cost and so the modus operandi has to change in many ways as finance, cash flow, releasing value from stranded assets, have become some of major concerns of operators today.
This is one of the reasons we are at the conference and exhibition to show stakeholders our central production facility which was built for Network E&P in a record time of 90 days from which significant quantities of oil from the field have been produced within the last five months”.
He explained that a combination of modular construction processes and lease, operate, and own agreement has been a good choice for the field owner who is reaping the benefits of a producing asset while spreading the capital costs required.
During the option period, the operator enjoys a reliable operation, gains valuable insight into his production profile, and can effectively manage his cost of managing, operating, and running the facility.
This provides the opportunity to build equity that can be invested in adding additional assets”.
O’Callaghan added that about a month ago, the company recorded 100,000 man hours at one of its facilities without any loss time incident which he attributed to the professionalism, quality of staff and a sound health and safety policy of the company”, he added.
Also conducting participants and delegates round the exhibition booth, the General Manager, Eunisell Chemicals, Ruary McGregor pointed out that the company in the last 18 years has supported the oil and gas industry both International Oil Companies (IOCs) and Nigerian companies with a range of speciality chemicals including production chemicals as well as produced water and potable water treatment and analytical services.
The 39th edition of the SPE NAICE had the theme Natural Gas Development and Exploration in an Emerging Economy – Strategies, Infrastructure and Policy Framework. The annual event attracted a host of attendees, delegates and exhibitors from across the world.