World Insurance Report
Security
16.8, kidnapping
Nigeria: two Norwegian and two Ukrainian oil workers held hostage in Nigeria were freed. The four workers were taken a week
earlier from a vessel (anchor handling tug/supply
Northern Comrade
) servicing an offshore oil rig operated by Peak Petroleum, in partnership with Equator Exploration. Peak is in dispute with
a local community over jobs and other benefits. About 16 foreign oil workers were kidnapped in five separate abductions in
the past two weeks in the oil producing Niger Delta. Nine have been released. Nigeria’s President Olusegun Obasanjo ordered
the military and police to meet criminals in the delta “force for force”. Mr Obasanjo also threatened to sanction firms caught
paying ransoms, a practice which analysts say has fuelled the violence. The four men were released after Peak struck an agreement
to include the community in their benefits package, with the blessing of the local government.