Can you provide an overview of Deep Blue Energy Services and the company’s role in the industry?

Deep Blue Energy Services (Deep Blue) was established in 2009 with the aim of promoting increased local participation in the Nigerian oil and gas industry. Our objective was to bridge the gap between the use of local resources and global best practices. Today, we have become a leading resource and solutions provider in the Nigerian market, offering services to various international and national oil companies, as well as independent operators.

How did Deep Blue initially enter the market and what services do you currently provide?

We began by providing training on compliance, as we believed it was crucial to educate the local environment on the best practices required in the sector. This served as our introduction to the market, and we subsequently started providing consultants to the industry based on their specific needs. Our first engagement was with Total when they were commencing operations on the Egina field. Since then, we have expanded our reach and established offices in Uganda. Today, we directly provide services to all the major international oil companies operating in Nigeria, including ExxonMobil, Shell, and Chevron. We also work with the national oil company, NNPC, and its subsidiary IDSL, as well as independent operators such as Aiteo and Eroton. Our strategy is to grow as an international service provider while maintaining our local roots.

What quality assurance mechanisms does Deep Blue have in place?

Deep Blue is ISO 9001 QMS certified, and we renew this certification annually. We have a comprehensive management process that aligns with global best practice standards. Our commitment to providing world-class services is reflected in our continuous improvement efforts and the management of internal systems. We operate in compliance with Nigerian government regulations and prioritize customer satisfaction by promptly addressing any concerns or complaints. Regular reviews and audits of our processes ensure that we maintain high standards of quality.

How did the 2016 recession impact Deep Blue’s business?

Deep Blue has been fortunate to experience continuous growth since its establishment in 2009. We closely monitor the market and adapt our services to meet industry demands. Recognizing the cyclical nature of the oil and gas market, we planned for the downturn that occurred in 2016. In challenging times, we focus on offering services that remain in demand regardless of oil prices, ensuring the sustainability of our business.

Can you provide insight into Deep Blue’s service portfolio?

Deep Blue has a vast database of freelance consultants whom we can engage for various projects. Our service offerings include manpower supply, where we excel in matching the right personnel to our clients’ needs. With extensive operations and maintenance experience, we provide customized strategies based on a critical analysis of our clients’ installations and our in-house expertise. Additionally, we offer procurement services, engineering consulting, and information and data management solutions.

What has been Deep Blue’s experience in accessing capital and obtaining financing?

Deep Blue has maintained a strong relationship with Zenith Bank and First Bank of Nigeria since our establishment. We have had a fantastic experience with both banks, thanks to our transparency in our financial dealings. Before embarking on any project, we hold meetings with our bankers, who have always supported and progressed with us. We have observed that some local contractors bid themselves out to their own detriment. Therefore, for every project we consider, we carefully calculate the potential risks to ensure that our business benefits from it and we avoid any financial difficulties.