Energy firm funds community projects

Nigeria oil fieldsFrom OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – SEVEN Energy, the indigenous Nigerian oil and gas company, has in the past year spent N89 million in funding community projects in eight local government areas in the country.

The funds were allocated as part of the company’s corporate social

The disclosure is contained in Seven Energy’s latest Sustainability
Report, made available on Friday.

Phillip Ihenacho, Chief Executive Officer of the firm, expressed his
company’s commitment to sustainability.

“A testament to how seriously we take this is our achievement of reaching
11,7 million cumulative man-hours without a Lost Time Incident, a
continued low Total Recordable Incident Rate of 0.19 and no material
environmental issues or major security incidents were reported,” he said.

“We recognise the important role sustainability plays in being able to
achieve success as a business, and this is why it underpins everything we
do. Our goal is to be a leader amongst our peers in all areas of

In 2014, Ihenacho said, the company employed on average some 190
employees, of which 84 percent are based in Nigeria. According to the
executive, 94 percent of our Nigerian in country employees are indigenous.

“We remain committed to the sustainability and health, safety and security
of our workforce. To achieve this we engaged in an extensive range of
initiatives during the year to focus on the development of our staff’s
skills, ranging from training and education, through to coaching and
mentoring,” said Ihenacho.

Seven Energy has a diversified portfolio of onshore oil and gas interests
with a substantial reserves and resources base in two focus areas of the
Niger Delta and an additional undeveloped asset in the Anambra Basin.

CAJ News

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Posted by on Aug 14 2015. Filed under Africa & World, Energy, Featured, Finance, Finance & Banking, Investing, Investing, Oil & Gas. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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