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Emperor Chris Baywood Ibe |
Baywood Continental Limited, a wholly Nigerian owned integrated oil and
gas technical service company owned by an Enugu-born billionaire and philanthropist,
Emperor Chris Baywood Ibe, has
invested over $70 million (N35 billion) in key sectors of operations in order
to sharpen competitive edge and re-enforce its leadership position.
Besides, the
company has unveiled plans to upscale operations through the acquisition of
matured oil fields from oil majors and explore new frontiers in the energy
sector. These equipments, according to the company, are expected to enhance the
services in large-diameter pipeline design and construction, process facilities
design and construction and storage tank construction. Others are upgrade and
rehabilitation, onshore/offshore structures fabrication, installation, FPSO
operations and maintenance as well as oil and gas facility operations and maintenance.
Speaking with journalists in Lagos yesterday, the President and Chief Executive Officer of the company, Emperor Chris Baywood Ibe, said that a significant investment was made in human capital development and would continue to leverage the skills and competences of employees in pursuit of excellence in performance standards.
He said that
the company is constantly evaluating the business dynamics to position the
company for optimal growth whilst maintaining profitability with staff strength
of over 1,000, comprising some of the most experienced and competent personnel
in the industry. Emperor Ibe
disclosed that the company is rebranding to achieve a brand equity balance
between current and projected profile of the company.
He said: “We have developed the broad and specific elements of the
company strategy to actualise this vision. Therefore, the Baywood organizational
brand is one to watch out for. We will be more active across the print,
electronic and social media platforms within the nearest future.
“To
date Baywood has 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.
“Baywood
acknowledges that operational, economic, environmental, public, and social
issues are all integrally relevant to our immediate and future business
objectives. We will therefore continue to design and implement a broad range of
corporate social responsibility programmes focused on creating and sustaining
values for stakeholders.”
Speaking on
the company’s Corporate Social Responsibility profile, Emperor Ibe said the
company always strives to affect positively the lives of its host communities
by providing employment, transportation, water supply and affordable healthcare
in the host communities. (Guardian)
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