Dreg Waters leads the frontier of servitisation of the oil and gas sector.

By Uche Nneka

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

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”.