Baywood invests over $70m in equipment and operational capacity

“An indigenous integrated oil and gas technical service firm, Baywood Continental Limited (BCL), has invested over $70 million in equipment and operational capacity.

Its President  and Chief Executive Officer, Emperor Chris Baywood Ibe, told reporters in Lagos that the 28-year-old company had been positioned  to offer seamless and world-class service to clients this year.

He said: “BCL has made massive investments in all key sectors of our operations in order to sharpen our competitive edge and reinforce our leadership position in these areas. This is in line with our 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.”

Ibe continued: “Over the years, our company has achieved a widely acclaimed track record for excellence in our project deliveries with a number of industry firsts. BCL is the first to have engineered, designed and constructed the largest onshore gas pipeline in Nigeria for Total Exploration & Production. This project, being BCLs’ flagship under oil mining lease (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 electricity generation to the grid as well as gas supply to NLNG.

“Additionally, BCL is first to carry out River Crossing through horizontal directional drilling (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. BCL has also demonstrated an impressive capacity in our project delivery records. We have constantly supported our clients towards ensuring value-for-money audit in such areas as facility upgrade and construction, enabling them to produce, process and export through the export terminals where we have held our own.

“These terminals include and not limited to Escravos terminal operated by Chevron, Forcados terminal operated by Shell, Bonny terminal operated by Shell, Akpo deepwater FPSO operated by Total, and Sea Eagle FPSO operated by Shell.”

He added: “Each  of these terminals supports the Nigerian National Petroleum Corporation (NNPC) and her joint venture partners thereby ensuring that Nigeria’s production and export quotas are achieved in alignment with national economic objectives.”

Ibe also stated that BCL  has to date achieved over 30 million man-hours with an industry unparalleled zero fatality record while providing cost-effective and fit for purpose solutions for our client’s projects in challenging onshore and offshore locations.

He noted that BCL was looking to upscale its operations especially, marginal fields, acquisition of matured oil fields from oil majors and 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,” he added.

Baywood Continental Limited is ISO9001: 2008 certified. It was incorporated in 1989.”

Source: The Nation