DETERMINANTS OF DELAY IN THE DELIVERY OF MATERIALS TO OILFIELDS IN RIVERS STATE, NIGERIA
DETERMINANTS OF DELAY IN THE DELIVERY OF MATERIALS TO OILFIELDS IN RIVERS STATE, NIGERIA
Author(s): Chinwe Beatrice OPARAURE, Godly Otto, Wilfred Isioma UkpereSubject(s): Energy and Environmental Studies, Environmental and Energy policy, Transport / Logistics
Published by: Editura Fundaţiei România de Mâine
Keywords: Petroleum; industry; Oilfields; Materials Delivery; Logistics;
Summary/Abstract: The role of the petroleum industry in Nigeria cannot be overemphasized. This work identified the determinants of delay in the delivery of materials to oilfields in Rivers State. A cross sectional survey with a sample size of 190 respondents was adopted for this study. Questionnaires were hand distributed to respondents. For the research instrument, a reliability coefficient of 0.82 was obtained using Cronbach alpha reliability test. The data obtained from the respondents were analyzed with product moment correlation coefficient. The outcome of the test show that poor planning with 0.72, government policies 0.86, weather conditions 0.74 and logistics 0.782 were key determinants of delay in the delivery of materials to Oilfields in Rivers State, Nigeria. If these sources of delay are addressed, profitability in the industry could increase through reduction in unit cost of production. Poor planning and logistics can be addressed through efficient staff recruitment and training.
Journal: Annals of Spiru Haret University. Economic Series
- Issue Year: 23/2023
- Issue No: 3
- Page Range: 155-182
- Page Count: 28
- Language: English