• Tuesday, March 05, 2024
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BusinessDay

Eunisell Solutions advocates partnership, innovation among marginal field operators

oil-rig

Eunisell Solutions, an indigenous oil servicing firm, has restated its commitment to support local content in the oil and gas industry, particularly among marginal field operators in the country, with a view to enable them have early production from their fields.

Patrick O’Callaghan, general manager, Eunisell, said this at an interaction during a technical session at the Society for Petroleum Engineers Conference and Exhibition in Lagos, recently.

The changing times in the oil and gas industry now requires companies to embrace partnership and innovation, if they are to stay profitable, he said.

“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,” according to him.

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, he explained further.

“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 said, saying that about a month ago, the company recorded 100,000 man-hours at one of its facilities without any loss time incident. This he attributed to the professionalism, quality of staff and a sound health and safety policy of the company.

Also conducting participants and delegates round the exhibition booth, Ruary McGregor, general manager, Eunisell Chemicals, the specialty chemical arm of the company, pointed out that the company in the last 18 years had supported the oil and gas industry, both 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.