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Collaboration will grow local oil firms into regional powerhouses


Nestoil Limited has proffered ways to transform local oil companies in the country into regional powerhouses capable of developing the economies of the West African region to the whole of Africa. Group Managing Director, Dr. Ernest Azudialu-Obiejesi said collaboration among the oil companies will open them up to a lot of opportunities springing up across the new frontiers in the industry.

He disclosed this at the West African International Petroleum Exhibition and Conference (WAIPEC), where he was a member of the panel to discuss how Indigenous contractors can be transformed into regional powerhouses.

He said there is a huge opportunity inherent in the West African market yet to be tapped as if there was no market there would be no opportunity, but the availability of market is why transformation is being touted.

Nestoil  Limited is the flagship company of the Obijackson Group, one of the fastest growing conglomerates in Sub-Saharan Africa, with vast investments in Oil and Gas Exploration, Production, Pressure Vessel Fabrication, Power Generation, Dredging and Marine Logistics, Aviation, Telecommunications, Real Estate, Civil and Infrastructural Construction.

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