Tag Archives: Julius Ogor

Business, Julius Ogor

Capital Spending in West African Oil Industry Expected to Double

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Julius Ogor, the founder and CEO of two companies based in Nigeria, has been an entrepreneur for more than a decade. One of the companies he oversees is Forcados Dredging Nigeria Limited, a business operating in the oil and gas industry. Under the leadership of Julius Ogor, the company provides pipeline, marine offshore drilling, and management services.

In recent years, investment in the oil and gas industry in West Africa has significantly dropped from its peak of $48 billion in 2014 to about $17 billion in 2018. Most of these investments were made in operations in Angola and Nigeria, the two largest oil producers in West Africa. Considering oil production in both countries has fallen, it’s not surprising that investor involvement in the region has also been reduced.

While Angola’s oil production continues to decline, production in Nigeria has been recovering since 2017. New deepwater oil projects in the country will likely result in total capital expenditures doubling over the next decade. Marine service companies, drilling contractors, and OSV owners all welcome this news after having dealt with reduced investment and other disruptions to oil production due to the ongoing conflict in the Niger Delta.

Community Outreach, Julius Ogor

Airtel’s Stance on Social Responsibility

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Residing in Lagos, Nigeria, Julius Ogor earned a bachelor’s degree in business administration from California State University, Long Beach. Julius Ogor later founded Forcados Dredging Nigeria Limited, where he serves as CEO. He also founded a telecommunications company that was the first in Nigeria to partner with Airtel on a rural network.

One of Africa’s leading cellular providers, Airtel touts one of the widest networks of 4G coverage across Nigeria. In Africa, Airtel hosts operations in Chad, Rwanda, Uganda, Kenya, and 10 other countries, offering residents fast, efficient wireless services and networking capabilities.

Airtel is dedicated to improving African communities by investing in projects that help advance the continent’s education, health, and environmental efforts. The telecommunications company looks for projects that address social needs and fit into a region’s overall developmental goals. Airtel also supports its employees in their charitable efforts and annually recognizes team members who are committed to social responsibility.