By Victoria NJOKU

West African Ventures has announced plans to promotE the utilization of local raw materials and human capacity for the provision of services to the oil and gas industry.

The company, in a statement made available to Sweetcrude, also noted that it intends to enhance capacity building through effective training of personnel and to encourage the transfer of knowledge between expatriates and Nigerians through well-defined succession planning, and in prioritizing local procurement of goods and services.

According to the company, as first choice consideration for all projects, it intends to utilise local suppliers and sub-contractors through continuous assessment and improvement strategies and involving Nigerian financial institutions in managing and funding of its business ventures.

The company said it owns and operates a fleet of 43 offshore support vessels and six Moored Construction /Pipelay / Accommodation barges operating in Nigeria and along the West African coast.

It said, “We operate a fleet of new, flexible DP-3 construction/ accommodation vessels, based on a hybrid design configuration.

It added that it operates a fleet of one hundred and thirty four [134] inland support vessels in the Niger Delta and its upstream swamps.

It said, “WAVENTURES’ also operates a fleet of new flexible DP-3 construction/accommodation vessels, based on a hybrid design configuration with the following characteristics:

A Class 3 Dynamic Positioning system that enables the vessel’s position to be maintained in both shallow and deepwater environments.

Large unobstructed decks; the ability to install rigid and/or flexible pipe; high capacity cranes ranging from 270 tons to 1,800 tons, almost all of which have deepwater capability and active heave compensation systems; large accommodation capacity of between 298 and 469 persons.

“WAV is a provider of offshore engineering, procurement, fabrication, installation and vessel charter services, with its headquarters in Lagos, marine support basement in Warri, dry-dock and fabrication facilities in Onne Oil and Gas free zone”.

Continuing It said, “West African Venture’s which has 40 years of experience in providing support services to the Nigerian oil and gas sector, also creates learning opportunity for their clients in benefiting from their long experience in the oil rich but challenging environment of the Niger Delta region of Nigeria.

“We avail our clients the opportunity to benefit from our nearly 40 years of experience operating in the oil rich but challenging environment of the Niger Delta region of Nigeria.

“West African Ventures, a member of the Sea Trucks Group (STG), also has its headquarters in Lagos with international operations from The Netherlands, UAE, China and Australia.”