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Century Group unveils solutions to help oil and gas companies manage impact of declining oil prices

 

Century Group (CG), a global consortium actively involved in oil and gas sector in the Nigerian and West African sub region has unveiled two (2) strategic solutions aimed at helping oil and gas operators maximize their resources and sustain profitability even in the face of the crisis occasioned by the fall in oil prices.

The two solutions; Intelligent Production Operations Technology (IPO) and Incremental Oil on Risk Services (IORS) according to a statement by the company are effective strategies designed to enable exploration and production companies increase production while keeping their Opex low even with the continued volatility in global oil prices. The adoption of these solutions the company believes will ensure oil and gas operators are able to withstand the storm and emerge from it even stronger.

Commenting about the set of solutions Ken Etete, Chief Executive Officer of Century Group, noted that:

“The drop in oil price has had profound negative impact on both the global economy and the industry. The Survivors will be those companies who are able to promptly adopt a change in strategy critical among which is the ability to reduce the cost of production whilst maximizing value inherent in their assets by not reducing the volume of produced crude/day. The advantages will be a rapid and seamless development of assets, reduction of project delivery time, generation of short and long term revenue streams for operators, support of operator field development plan and production optimization goals, reduction in cost of operations and a guaranteed facility integrity.”

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Century Group marks World Safety Week 2013

Century Group marked the World Safety Week 2013 Themed "Prevention of Occupational Diseases" with a football match and health talk on the 25th and 26th of April 2013 respectively.

This event was marked both in the Lagos and Port Harcourt offices with football matches, presentation on occupational health diseases, presentation of HSE awards and entertainment.

The female team winner was presented with a trophy and the sum of N50, 000 (Fifty Thousand Naira) while the male team won N100, 000 (One Hundred Thousand Naira) and a trophy. The prizes were presented by the CE of the Century Group - Ken Etete, on the 26th of April 2013 after the health talk by Mr Ehi Iden, an Health Consultant on "Prevention of Occupational Diseases".

Century Group at NOG 2013

Nigeria Oil and Gas Conference 2013

Century Group and Bumi Armada Berhad made a good showing at the Nigerian Oil and Gas conference which held from the 18th to 21st of February 2013 in Abuja, Nigeria.

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