Eroton and its Joint Venture partner, the Nigerian National Petroleum Corporation, NNPC, has boosted local entrepreneurs to the tune of ove N6 billion.
Eroton, operates the OML 18 oilfield that covers a total area of 1,035 square kilometres offshore Eastern Niger Delta (Swamp/Shallow Water) on behalf of the NNPC.
The company said its support from host communities is a testament to keeping faith with its terms of the Global Memorandum of Understanding (GMoU) between the firm and over sixty host communities through the five Cluster Boards (CDBs).
This cordial relationship has yielded an outstanding growth in production from 10000 barrels of oil a day bopd to 75000, bopd at peak production following the acquisition of the asset in 2015.
Eroton’s entrepreneurship program (ErotonPreneurshp – EP) continues to make a positive social impact on our host communities, contributing to local business development, job creation and capacity development.
The program was put in place to ensure that entrepreneurs from its host communities acquire relevant entrepreneurial and management skills, actively participate in projects/services and have access to capital through invoice discounting agreements with key financial institutions.
Over 20 host community contractors are continuously engaged in the provision of services that range from the Construction of Pipelines, Solid Control, Filtration. Bound Wall Construction, Marine Vessels & Houseboats, Flow Stations Maintenance, Diesel Supply, and the provision of Manpower.
‘The contribution of Eroton to the development of host community contractors is worthy of emulation by other players in the Nigerian oil and gas industry” said Christian Seikibo Chairman DAA-3 Cluster Board’
The value of service contracts awarded and executed by community contractors is over six billion naira from 2016 to July 2020 and this is aside from its investment in Corporate Social Responsibility, CSR, initiatives over same period.
Speaking on behalf of the company, Ebiaho Emafo (CEO) said, “As guests of our Host communities, we have a duty to engage community contractors fairly in the award of contracts and this is enshrined in our GMoUs. We have a mandate to ensure that community contractors receive opportunities to tender for work of a type and complexity appropriate to their abilities while continuously developing their ability to deliver on more complex projects. in line with Eroton’s requirements.. This is all done with Eroton as operator ensuring prudence and probity.”
“We are currently facing an unprecedented public health crisis where communities and businesses across the globe are navigating through the uncertainties caused by the COVID-19 pandemic. The message from the Management of Eroton to our hosts is:
‘Stay healthy and keep your spirits high. We will weather this storm and emerge stronger together’ said Emafo.