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10. Risk Management in the Extractive Industry: An Empirical Investigation of the Nigerian Oil and Gas Industry.

Author

Andeobu, Lynda, Hettihewa, Samanthala, and Wright, Christopher S.

Subjects
MINERAL industries, RISK management in business, GAS industry, PETROLEUM industry, EMPLOYEE services, MANAGEMENT
Abstract

NLNG Ltd was founded in 1989 to harness the vast natural gas resources in Nigeria, one of the highestrisk areas of the world. Any company that is successful in Nigeria has much acumen to offer other firms. Extant literature, NLNG Ltd policy manuals and responses to a questionnaire provided empirical data for this study. The risk-management practices of NLNG Ltd include: a carefully balanced ownership structure, profit satisficing balanced with national aspirations and risk-management policy, health, safety and environmental practices that conform to international standards, appropriate insurance coverage, and an employee structure that is extraordinarily reliant on temporary employees. [ABSTRACT FROM AUTHOR]

Published
2015

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