Baywood Eyes Acquisitions of Marginal Fields, Bigger Acreages

0

Ejiofor Alike

The President and Chief Executive Officer of Baywood Continental Limited (BCL), Mr. Chris Baywood Ibe has stated that his company is positioned to upscale its operations through the acquisitions of marginal fields and matured oil fields in Nigeria.

Speaking to journalists in Lagos at the weekend, Ibe said the future for Baywood Continental Ltd was extremely exciting, adding also that the company would explore new frontiers in the energy sector, such as cluster power generation using abundant gas for upcoming new cities and towns. “Baywood Continental Limited is re-branding to achieve a brand equity balance between current and projected profile of the company. We have developed the broad and specific elements of the company strategy to actualise this vision. Therefore, the BCL organisational brand is one to watch out for; we will be more active across the print, electronic and social media platforms within the nearest future,” Ibe said.

Ibe said the company had made massive investments in all key sectors of its operations in order to sharpen its competitive edge and re-enforce its leadership position in these areas.
According to him, this is in line with its corporate mission to be the “Provider of energy services that meet and exceed client expectations always’’.

“This we have been able to achieve by constantly evaluating the business dynamics to position the company for optimal growth whilst maintaining profitability with a staff strength of over 1000 comprising some of the most experienced and competent personnel in the industry. We have made significant investments in our human capital and will continuously seek to leverage the skills and competences of BCL staff in our pursuit of excellence in performance standards,” he explained.

He noted that over the years, the company had achieved a widely acclaimed track record for excellence in our project deliveries with a number of industry firsts.

According to him, BCL is the first to have engineered, designed and constructed the largest on-shore gas pipeline in Nigeria for Total Exploration and Production.

“This project being BCLs’ flagship under OML 58 Upgrade Obite-Ubeta-Rumuji (O.U.R) is a 42” X 46km gas pipeline a major artery supplying gas to ALAOJI power plant for power generation to the grid as well as gas supply to NLNG. Additionally, BCL is first to carry out river crossing through HDD of the largest bore pipe of 1km crossing through SAMBRERO RIVER. It is a record setting feat in the Nigerian Oil Industry by an indigenous company,” he added.

He added that the company is currently executing projects in Escravos Terminal operated by Chevron; Forcados Terminal operated by Shell; Bonny Terminal operated by Shell; Akpo FPSO operated by Total in deep water and Sea Eagle FPSO operated by Shell.

“Each of these terminals supports NNPC and her joint venture partners thereby ensuring that Nigeria’s production and export quotas are achieved in alignment with national economic objectives. This clearly shows that Baywood Continental Ltd is the leader in the industry,” Ibe added.

He said Baywood Continental Ltd fully acknowledged that operational, economic, environmental, public, and social issues were all integrally relevant to its immediate and future business objectives.

“BCL will therefore continue to design and implement a broad range of corporate social responsibility programmes focused on creating and sustaining values for stakeholders,” he said.