Kunle Kalejaye 20 August 2014, Sweetcrude, Lagos – Investment in Africa’s oil and gas business is expected to continue to increase, according to the managing director of Baker Hughes Nigeria, Mr. Ayo Shote.
Investment in Africa’s oil & gas will continue to increase – Baker Hughes
Shote said investment will continue to flow into the continent because of huge potentials in Africa’s oil and gas business.
Key focus of this growth will be in West Africa, East Africa, North and Central Africa countries.
He said Africa could not be left out in the entire global energy landscape as he emphasized that “we will continue to remain important and grow. The big portion of this growth is Nigeria. We have been in Nigeria since the beginning.
“Nigeria is a big market globally and in Africa, but we have a huge spread across Africa. In Nigeria we are seeing the increasing importance of indigenous participation,” Shote stated as he spoke at his company’s Techno Day conference and Exhibition on Tuesday in Lagos.
The Baker Hughes managing director Nigeria said to support the increase investment in Africa’s oil and gas business, his company has a huge presence in the continent.
He explained that energy goes beyond oil and gas but the availability of safe and affordable energy so that the life of the man on the street will be affected for good.
To further support oil and gas investment in Nigeria, Shote said the company has spent above $500 million on research and development.
He added: “We focus much on talent and capability development. In Nigeria within the Baker Hughes family, we are net exporter of talent, we actually take send more people out than we take.
“We have 92 percent of nationalised work force in Nigeria today. That is because it is our desired to continually make a different not only on our employee but also our customers.
“We also have the Baker Hughes operating system which is an in-house development where we have all our policies and procedures located on a single platform and we use it not only as a training reserves we also use it as quality management reserves.
“We are able to achieve success in our operation because we focus on training.
“We do not employ people and think that they know everything. So we are focus on building a talented field organisation and as at this 2014 we have the target to employ 968 field engineers and mathematicians and that is 30 percent of what we did in 2013. Out of these we have 27 PHDs holders.”
John Wilson, who spoke at the conference centre, said to enhance production capacity for mature fields, Baker Hughes has state of the art technology that can meets challenges in such field.
For instance, Wilson explained that during production, cost effective technologies is needed to deal with water management.
He also stated that $40 billion is spent to deal with unwanted water during production but with Baker Hughes Chemical solution (AquaFix, and other technologies) for water control, the cost can be reduced.
Wilson also stated that Baker Hughes has other technologies such as GeoFORM, EXCLUDER 2000 to deal with sand in fields.
The essence of these technologies, Wilson said is to keep the oil flowing from the reservoir for as long as possible.
Leonard Okoronkwo, another speaker at the Techno Day conference organise by Baker Hughes, said another technology within the company’s reach which has been used and tested in other African countries is the Snapshot and Snapscreen live well deployment system.
He explained that the essence of the technologies is to help increase production potentials from marginal field.