The Economic, Environmental and Safety impacts of COVID-19 pandemic and the coping strategies for the petroleum industry

Franklin Okoro, Nwamaka Linda Okoli, Mary Frank-Okoro, Ambrose Onne Okpu and Cynthia Ehialeta
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Franklin Okoro: Clean Script Group, Nigeria

International Journal of Research and Scientific Innovation, 2022, vol. 9, issue 11, 34-39

Abstract: This study assessed the economic, environmental and safety impacts of COVID-19 pandemic and coping strategies for the petroleum industry using the descriptive survey design approach. Eighty (80) oil companies that operate in Port Harcourt, Nigeria, constituted the population of the study. Random sampling method was applied in choosing the sample for assessment and in getting the respondents to answer the questionnaire. The random sample size was derived utilizing Yamane Taro’s statistical technique to arrive at a sample size of 70. The study made use of questionnaires of both structured and semi-structured nature. Data from the answered questionnaires were analyzed both qualitatively using percentages. From the findings, the environmental impacts identified were both negative and positive. The result revealed that the safety impacts of COVID-19 pandemic across selected petroleum companies in Port Harcourt are in two (2) folds (positive and negative). The positive impacts included: improved air quality, reduction in water pollution, drop in Greenhouse gases (GHGs) emissions, reduction in noise pollutions. Whereas the negative impacts identified were clogging in water ways, increased land filling and environmental pollutants worldwide. The Positive Safety Impacts are increased level of awareness of threat to health globally and increased level of safety measures practiced. The Negative Safety Impacts include increased risk of getting infections and increased risk of disease transmission from one person to another. From the results, the economic impact felt was a reduction in the barrel price of oil. Finally, the result revealed that some of the possible coping strategies are Rigid travel policies permitting essential duties workers only should be formulated and implemented for the short period of time and reduction of working days for offshore staff.

Date: 2022
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