Effect of Management Policies on Fabrication of Subsea Equipment: A Case Study

Management policies determine how activities and routine operations are carried out in an organization. The reason for management policy on fabrication is to ensure the objectives of an organization are accomplished for the smooth operation of the fabrication process. The aim of this research is to determine the management policies that could affect the fabrication of subsea equipment. Correlation and multiple regression analysis was carried out using MATLAB to analyze the relationship between management policies and the fabrication of subsea equipment. The result of correlation analysis for Nigerian Content policy and fabrication of subsea equipment shows a positive weak strength linear relationship. The result of correlation analysis for Community Affairs policy and the fabrication of subsea equipment shows a positive weak strength linear relationship. The result of correlation analysis for Health Safety Environment policy and the fabrication of subsea equipment shows a minimal positive weak strength linear relationship or no relationship at all. The result of multiple regression analysis for Nigerian Content policy and the fabrication of subsea equipment reveals a nonsignificant relationship between them. The result of multiple regression analysis for Community Affairs policy and the fabrication of subsea equipment reveals a nonsignificant relationship between them. The result of multiple regression analysis for Health Safety Environment policy and the fabrication of subsea equipment reveals a nonsignificant relationship between them. This research will provide a basis for oil and gas fabrication companies to review enacted policies to find out the ones not achieving its objectives and amend it.