- Looking for foreign partners -
n some sense an early pioneer of Nigerias home-grown oil sector, Specialty Drilling Fluids (SDF) has emerged as a leader in one of the industrys most important but largely unsung areas. Since its formation in 1991 the company has established itself as the foremost indigenous organisation engaged in oil field drilling waste management services.
Through our services, the main oil companies are able to recover a lot of oil that would ordinarily have been wasted, says Managing Director Tony Eze.
The company provides waste management services, mud engineering services, and the supply of drilling and completion chemicals for the energy industry. SDF has its head office and operational base in Port Harcourt, with facilities that include the biggest warehouse in the Trans Amadi industrial complex and one of Nigerias best-equipped laboratories.
Its client list reads like a whos who of the oil industry from operators Shell and Chevron to global services giant Halliburton. It is presently handling all waste management jobs for Shell Petroleum Development Company (SPDC) in a project worth £20 million. It has also played a role in some of Nigerias most important oil fields, such as SPDCs Ea field in the Niger delta.
With more than 25 years industry experience, Mr Eze set up SDF to capitalise on the high growth local oil sector. His decision has been borne out by the companys track record over the past 15 years. Our competitive advantage is that we have been in business for over a decade, he says.
SDF continues to invest in new facilities to grow its business. It acquired a thermal oil recovery plant (THOR) system, the first indirect thermal de-sorption unit to remove hydrocarbons from drilled cuttings and recover clean base oil. The unit is located at the Eyaa Industrial Layout, Onne, Rivers State.
There are plans to diversify into other areas of the energy business. The company recently concluded a deal to acquire two drilling rigs from SPDC and there are hopes of forging new strategic partnerships to develop this new arm of the business. We have been able to attract the interest of some foreign operators in waste management, which is our speciality, but in drilling we would still welcome any partnership or collaboration with foreign companies, says Mr Eze.
It is a big challenge for the company, but one that it is ready to meet. It is also expanding its horizons across West Africa, with oil-rich Angola the most likely first target. We are also looking at expanding into other African countries particularly Angola and Gabon. We are on the verge of extending our services to Angola because our research shows it is a fertile ground for our services.
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