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Tag: Oando

  • Oando opens ‘mega’ station

    Oando opens ‘mega’ station

    Oando Marketing has opened a mega station at Berger on the Lagos-Ibadan Expressway.

    This brings to 600 its stations nationwide.

    Other mega stations owned by the company are in Marina, Maryland, Lekki and Abuja

    The station according to a statement offers customers a modern and friendly environment that will engender delivery of  optimal service to customers. The station will also be a major attraction to motorists as it is the last filling station before leaving Lagos.

    “It will provide customers a wide range of product and service offerings. For fuel, customers will be served from any of the eight modern fuel dispensing pumps installed at the station.

    “These pumps are fitted with e-payment terminals that enable customers to buy fuel using their Automated Teller Machines (ATMs) debit and credit. Furthermore,  customers can  dispense fuel into their tanks 24 hours a day and all year round using their cards,” it added.

  • Oando promotes LPG usage with 50kg cylinder

    Oando promotes LPG usage with 50kg cylinder

    Large homes and corporates are in for a good time as Oando Marketing, Nigeria’s leading petroleum products retailer championing switch from unwholesome fuels to Liquefied Petroleum Gas (LPG), has commenced free delivery on orders for its 50kg cylinders.

    The 50kg cylinder is the company’s latest LPG offering which include – 3kg and 12.5kg cylinders, as well as bulk order and Pay-As-U-Gas services. According to Julius Elumaro, Head LPG Sales & Operation, Oando Marketing explained that this is only another way the company aims to delight its customers. He said: “The 50kg cylinder is designed to meet the LPG demands of our industrial and commercial customers, as well as homes with large cooking gas requirements. We are constantly deploying new ways to make it easier and more convenient for our customers to access our products”. He explained that customers can order the product through its Customer Care Unit, using the dedicated phone number or through the website.

    It is estimated that over 112 million Nigerians still cook with unwholesome cooking fuels estimated to be the cause of many health and environmental issues plaguing the country and the people, especially those in the rural areas.

     

     

     

     

    According to the World Health Organization (WHO) about 95,300 deaths occur in Nigeria annually as a result of diseases and complications that arise from smoke inhalation that occurs due to the usage of dirty cooking fuels.

    To reduce the burden of cooking faced by low-income households, Oando Marketing extended its LPG offering with the introduction of the O-GAS 3kg cylinder. Explaining the objective, Mr. Abayomi Awobokun, CEO, Oando Marketing stated that “Our goal is to successfully switch up to 5 million households to cooking gas from Kerosene and other dirty fuels over the next 3-5 years. We believe this effort will not only improve the quality of life of millions of Nigerians, it will also create up to 36,000 jobs across the value chain. These jobs will be created in the area of retail, distribution and manpower development as the LPG value chain grows and develops.”

     

     

     

     

  • Reps summon Conoil, Obat, Oando, others over fuel subsidy

    Reps summon Conoil, Obat, Oando, others over fuel subsidy

    The House of Representatives has summoned 42 oil marketing firms to explain how they managed the fuel subsidy’s bridging fund.

    The House, through its Committee on Petroleum Resources (Downstream), is investigating the activities of Petroleum Equalisation Fund (PEF) Management Board.

    Those invited are: A. A. Rano Nig. Limited, ACORN, AITEO Energy Resources Ltd, CEOTI Ltd, Channel Oil & Petroleum Ltd, Dee Jones Petroleum & Gas Ltd, IMAD Oil & Gas Ltd, Knight Bridge, LUBCON Ltd and Masters Energy Ltd.

    Others are: MOB Integrated Ltd, MRS Oil Nig. Ltd, Northwest Petroleum & Gas Company, OBAT Oil Petroleum & Gas Ltd, Pinnacle Contractors Ltd, Pinnacle Oil & Gas Ltd, Rahamaniyya, Sahara Energy Resources Ltd, Venro Energy Ltd and Vivendi Energy Nig. Ltd.

    Also expected are: Oando, Conoil, Honeywell Energy, Britania U. Nig. Ltd, Caades Oil & Gas, Carnival Energy Oil & Gas, Fargo Petroleum Ltd, Momats Oil & Gas Ltd, Zalon Petroleum Ltd and Zalex Energy Resources Ltd.

    Others include: Zamson Global Resources Ltd, Canan Energy, Bestaf, Somerset-Universal, Ultramat, Stallionaire, Phoenix Steel Co. c/o Phoenix Oil & Gas, Suncore Energy, Serl Collections Port & Cargo, Lingo Oil & Gas and African Petroleum/Forte Oil & Gas Ltd.

    A statement by the committee signed by its chairman, Dakuku Peterside, said the probe is “to ascertain the management of bridging fund under the subsidy regime. This is with a view to ensuring that Nigerians get value for monies spent for bridging and equalisation in the Petroleum (Downstream) sector.”

    They are to appear before the Committee on Thursday, November 8 at 10.am at Committee Room 028, New Building, House of Representatives, National Assembly Complex, Three Arms Zone, Abuja.

  • Oando, Vigeo, 19 others jostle for 10 PHCN discos

    Oando, Vigeo, 19 others jostle for 10 PHCN discos

    The Oando Consortium; Vigeo Holdings, Gumco, African Corporation AFC &CESC, Oba Otudeko’s Honeywell, and 18 other firms have been shortlisted by the Bureau of Public Enterprises (BPE) from the 54 firms that submitted bids to acquire the 11 electricity distribution companies (discos).

    The 11 discos are part of the 18 successor companies unbundled from the Power Holding Company of Nigeria (PHCN) but because none of the bidders met the requirement for the Kaduna Electricity Distribution Company, the 21 firms currently shortlisted would be jostling for 10 discos.

    Having passed the technical evaluation bid test, the BPE will on October 10, open the financial bids for the 21 companies. There are 14 firms bidding for the two distribution companies located in Lagos, the Ikeja and Eko.

    The companies whose bid were shortlisted for Ikeja Electricity Distribution Company include Vigeo Holdings, Gumco , Oando Consortium; Amperion Power Distribution Company Limited; Honeywell Energy Resources International Limited; Integrated Energy Distribution and Marketing Limited, African Corporation AFC &CESC; Kepco/NEDC Consortium; West Power and Gas and Rockson Engineering Limited.

    In Eko Disco, Oando Consortium, Integrated Energy Distribution and Marketing Limited, Sepco-Pacific Energy Consortium, Honeywell Energy Resources International Limited, Kepco/NEDC Consortium and West Power and Gas were shortlisted.

    For Ibadan Disco, three firms jumped the hurdle. They are Western Consortium, Integrated Energy Distribution and Marketing Company and Kepco/NEDC Consortium while Abuja has Kann Consortium Utility Company Limited and Interstate Electrics limited.

    The companies that made the Enugu Disco are Rensmart Power Limited, Proglobal Power International Consortium, Interstate Electrics Limited and Eastern Electric Nigeria Limited while Benin DisCo has Vigeo Power Consortium, Southern Electricity Distribution Company, Rensmart Power Limited and Rockson Engineering Limited.
    Port Harcourt Disco has Power Consortium and Rockson Engineering Limited as preferred bidders and for Yola Disco, only Integrated Energy Distribution and Marketing Company made the list.
    The only one company that made Jos Disco target is Aura Energy Limited while for Kano Disco only Power SPV Limited was shortlisted.
    The result of the successful firms was disclosed by National Council on Privatisation (NCP) at its fifth meeting presided over by Vice President Namadi Sambo at the Presidential Villa.

    Others at the meeting include, Atedo Peterside, Finance minister Dr. Ngozi Okonjo-Iweala, Minister of State, Power, Darius Ishiaku and the Director-General, BPE, Ms Bolanle Onagoruwa.

    The financial bids for the five generation companies are slated for Tuesday, September 25, 2012 at Anambra\Borno\Cross River Hall, Transcorp Hilton Hotel, Abuja.
    Peterside, who briefed newsmen at the end of the meeting, said fresh bids will be invited from all the pre-qualified bidders in accordance with laid down rules for bidders that paid the required $20,000 fee for the bid documents are to be considered.

     

  • Oando’s rig marks three years of uninterrupted operation

    Oando Energy Services Limited (OESL), a subsidiary of Oando Plc, said its swamp drilling rig has recorded a safety milestone of three years of continuous operations without a Lost Time Injury (LTI) on its flagship rig, OES Integrity, last month.

    The achievement, the Head, Corporate Communications, Meka Olowola said, reflects Oando’ s commitment to health, safety, and environment (HSE) values, and affirms the company’s determination to remain a leading service provider in Nigeria’s oil and gas industry. LTI is an industry key performance indicator (KPI), which measures adherence to safety and environmental requirements by evaluating the number of injury-bearing incidents capable of preventing a worker from performing or continuing with a task or resulting in downtime in operations.

    OES Integrity rig was contracted to a leading international oil company in December 2009 and has successfully drilled, completed and worked over more than 14 wells, without any show-stopping incident. With a 3,000 hp modern swamp barge equipped with 15,000 psi Blowout Preventers (BOP), OES Integrity is the only rig in Nigeria capable of drilling in high pressure/high temperature (HPHT) wells to depths of 30,000 feet.

    Commenting, Mr Badejo Bandele, Chief Executive Officer, OESL said: “We are pleased with this feat achieved on the strength of our zero tolerance policy for stopping incidents in all our operations. The OES Integrity team has demonstrated their competence in world-class drilling operations and sound HSE values. We are committed to delivering consistent value to our clients’ drilling operations to the highest safety standards.”

    Chief Environment, Health, Safety Security and Quality (EHSSQ) Officer, Oando PLC Mr Chijoke Akwukwuma, said: “The health and safety of our employees are of the utmost importance to us. We strive to always be a bastion in oil and gas operations in terms of safety and environmental-friendliness, and we ensure our employees are always well-versed in the Oando culture of uncompromised safety and environment protection. We are committed to deploying best practice that meets global standards across our operations in conformity with world-class aspirations.”

    Oando has embraced vibrant policies and procedures covering product quality, safety, environment, health, security and emergency readiness to ensure that all its operations meet international safety requirements, guided by its “14 life-saving rules.” The company according to the statement, has a robust and strong environment, health and safety framework for employees that include training, regulatory certifications and a “stop work” policy which empowers employees to halt an operation on the account of unsafe work conditions. In addition, it hosts an annual safety week to deepen awareness and strengthen an incidence-free work life culture.

    OESL have three major offerings, which include drilling and completion fluids services, drill bits and engineering services, and drilling rigs.
    The company has five swamp rigs – OES Teamwork, OES Respect, OES Integrity, OES Passion and OES Professionalism – making it the largest swamp rigs fleet operator in Nigeria.