An E and P company that recently had a blowout in one of their fields in shallow offshore Bayelsa state Nigeria, has created serious tension and disillusion in the oil drilling and production industry as they have refused to pay for the services rendered by service companies that participated in their drilling campaign.
How on earth does this company expect service companies to pay their staff, run logistics and purchase consumables/ equipments?
Many of the service companies that carried out one service or the other for this indigenous E &P company have been left stranded while the said E & P Company is busy going ahead with the drilling of other wells. Some of these service companies in question took loans from banks to purchase equipment and pay staff, but the said E & P Company having not paid for their services, has gone ahead to give contracts to other service companies to provide drilling services to new projects while neglecting to pay for previous jobs.
This attitude is one of the things that have killed businesses in Nigeria and I think the government should look into it asap.
The attention of the MD, whose company name starts with a letter "A" is hereby drawn to this issue as it may be an insider deal to frustrate people out of business; this is Nigeria.
For how long can this continue? Indigenous companies are folding up due to their rising debt profile. In fact my uncle's company provided a service and has not been paid for over a year. The indigenous E & P companies are behaving like "yahoo-yahoo" people, they are scamming Nigerian businessmen and this has to stop.
#seunosewa
#chrisNgige
#ministryofpetroleumresources
#NNPC
#Ministryoflabourandproductivity

No be una drive the multinationals?

Enjoy.

Honestly, one will want to believe that some of these so call indigenous companies or their likes, are not entirely different from the street scammers/yahoo yahoo. Their mode of operation and irresponsible attitudes toward local communities where they operate, and worst still, to the smaller companies providing other supporting services to them are so appalling.