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In this interview with DAYO ADENUBI, Managing Director/CEO, ND Western Limited, Eberechukwu Oji, speaks on topical and diverse issues in the oil and gas industryassumed leadership of ND Western at the onset of the COVID-19 pandemic. What were the immediate challenges and how did you weather the storm?
We started the Employee Assistance Programme to help employees who might be dealing with mental health issues especially those that lost loved ones or in isolated areas. To give you the numbers, our staff lost more relatives in the first eight months of the lockdown than in the past eight years. There are peculiarities with the Nigeria oil and gas industry. These include the regulatory uncertainties which we are now addressing with the PIB, host community issues also partly being addressed by the PIB, high level of pipeline vandalism and crude theft, by far the highest I have seen compared to other climes, and general insecurity in the Niger Delta where we operate etc.
We are in the process of finalising gas purchase agreements for these extra volumes of gas before we commence the drilling campaign. In simple terms, it is possible to attract this level of investment if our policy trust as a nation is specifically aimed at attracting these investments. My advocacy is, treat your existing investors well so that new ones will come in and we need to replicate what we have done in the past that worked very well as in the examples I have given.
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