2. The Oil Price ‘Correction’
‘It has all created tremendous uncertainty.
There will be significant cutbacks on
capital expenditure programmes and a
focus on projects that have to go forward.
Other projects that are discretionary will
fall by the wayside.’
Rick Burdick
Chair, Global Energy and Transaction Group, Akin Gump
Strauss Hauer & Feld
“A number of deepwater projects may
suffer delays or cancellation, including one
in Angola, three in Nigeria and one in
Ghana; while in shallow waters, two
projects in Angola, one in Nigeria and two
in Ghana may suffer delays,”
Dr. Joseph Dawha
NNPC CEO
5. Security Managers Survey*
• Fewer operational travels
• Preference for local training over foreign programmes
• Preference for ad hoc commercial hotel accommodation for
GSAs over use of dedicated accommodations
• Headcount reduction and lower costs of contract staff
• Renegotiated contracts (scope and cost)
• Consolidating functions. However:
• Spending has left some gaps in security coverage
Source: Survey conducted with security heads of select oil and gas
producing and servicing companies by Author July 2015
6. Talking Points for Security Providers
• Achieving Lower Costs
• Use of Local Resources
• Value Added Services
• Diversifying Services : Technology Solutions
• Industry Consolidation: The Marine Security Industry Example
