|Title: MARINE TRANSPORTATION ON OIL AND GAS PROJECTS IN BONNY ISLAND, RIVERS STATE NIGERIA|
Victor Odinaka Ezeali, Chinedu Chidinma Nwachukwu and Kingsley Osita Okonkwo
The study evaluated marine transportation on oil and gas projects in Bonny Island, Rivers state Nigeria. The specific objectives are to; determine the effect of water depth on the project completion time and ascertain the effect of hinterland connections on the project viability of oil and gas projects in Bonny Island, Rivers state Nigeria. The study adopted the survey method and the sample size for the study was determined using Treks formula and sample size of 277 was selected from a population of 977. The study made use of primary and secondary data sources while primary data were collected through copies of structured questionnaire on a 5 point Likert Scale format while analyses were presented in tables and percentages. The hypotheses were tested using simple linear regression analyses. The study concludes that the importance of marine transportation on oil and gas projects performance justified their importance as a tangible asset in optimizing the upstream, midstream and downstream sectors of oil and gas projects in Nigeria. The findings revealed that water depth to a large extent affected the project completion date (r = 0.31; F = 6.66; t = 4.34; p < 0.05) and that hinterland connections to a large extent affected the project viability (r = 0.48; F = 20; t = 4.20; p<0.05) of oil and gas projects in Bonny Island, Rivers state Nigeria. The study recommends among others that project team managers in oil and gas projects should adopt a holistic approach in increasing productivity when the water depth is operationally friendly because of its positive effect on the project completion time of oil and gas projects while Engaging of stakeholders in citing oil and gas projects in locations with multimodal transport facilities should be encouraged because of its positive effect on the infrastructural development of the oil producing communities and overall benefit to oil and gas projects viability.
|Keywords: Marine Transportation, Water depth, Project Completion time, Hinterland Connections, Project Viability.|