Dreg Waters leads frontier of ‘servitisation’ of oil & gas sector

Dreg Waters Petroleum and Logistics Limited is set to create a memorable and valuable experience for stakeholders in the oil and gas sector gathering at the 23rd Africa Oil Week/Upstream Conference in South Africa.

The Chief Executive Officer, Dreg Waters Petroleum and Logistics Limited, Ms. Damilola Owolabi, underlined that part of the efforts of her company to remain relevant is to be innovative and expansive in terms of quality of services offered to clients.

She explained that despite the nationwide recession affecting all industries, including Oil, her organization still operates in line with the company’s vision and has advanced beyond procuring licenses and permits for operators.

“To add value to the industry, we are now supplying petroleum products offshore, leasing various marine equipment and dealing with supply of manpower labour among other services rendered to local and international companies as well.”

Owolabi added that: “There will always be opportunities in crisis especially where you are solving a problem and offering value added services.”

Furthermore, she noted that since the global market decline has forced Nigeria into a thinking economy, the oil and gas sector is requiring innovation and as a result, it is no longer enough for sector players to be recycling the same old services or re-inventing the wheel, especially where customers are demanding greater value.

Owolabi, who secured an exhibition booth for her organisation at the forthcoming Africa Oil Week conference in Cape Town, South Africa, from October 31st to November 4th, 2016, will be giving international participating organisations a generous insight towards investing opportunities in the oil and gas sector in Nigeria.

She said: “This year, Dreg Waters is not just attending the Africa Oil Week conference, but we are inviting delegates to our exhibition booth number 70; there, we will be bridging gaps, responding to business inquiries, liaising with foreign companies intending to trade in Nigeria, as well as packaging and selling all our services – from immediate support with procuring different operational licenses and permits for companies to clearing of petroleum products into Nigeria and much more”.