OandoOandoOandoOandoOandonewsA Q u a r t e r l y I n - h o u s e J o u r n a l o f O a n d o G r o u p

Oct - Dec, 2008. Quarter 4

OandoNews

ContentContentContentContentContentOando Doantes Ethanol TestingEquipment - Pg. 3

Oando Backs Nigerian EconomicGroup - Pg. 3

Oando Aviation Fuels Aero CharityFlight - Pg. 4

Gaslink Completes 38km PipelineExpansion in Lagos - Pg. 5

Oando Connects BUA - Pg. 7

OEPL Attends NAPE Conference - Pg. 8

World AIDS Day - Pg. 9

Oando at the Africa Oil Week- Pg. 10

Social Diary - Pg. 11

The last quarter of the 2008marked the peak ofrecognition by the Nigerian

Stock Exchange (NSE) and aninternational industry watcher,Global Pacific and Partners, theorganisers of the African OilWeek Conference. Oando wasawarded the Nigerian StockExchange Presidential MeritAward for the “Best QuotedCompany in the DownstreamPetroleum Marketing Sector” in2007. On the international scene,the company was awarded the“Most Outstanding Independent

Oando Gas and Power hasobtained the Right ofWay for the pipeline

routes from the Ministries ofLands and Housing of both theCross River and Akwa IbomState Governments.

In line with its aspiration ofbuilding Africa’s largest gas

Oando Commences South-East Gas Pipeline PrOando Commences South-East Gas Pipeline PrOando Commences South-East Gas Pipeline PrOando Commences South-East Gas Pipeline PrOando Commences South-East Gas Pipeline Projectojectojectojectoject- Completes Envir- Completes Envir- Completes Envir- Completes Envir- Completes Environment Impact Assessmentsonment Impact Assessmentsonment Impact Assessmentsonment Impact Assessmentsonment Impact Assessments- Obtains Right of W- Obtains Right of W- Obtains Right of W- Obtains Right of W- Obtains Right of Way for pipelineay for pipelineay for pipelineay for pipelineay for pipeline

infrastructure in Nigeria, OandoGas and Power has commencedconstruction work on its 128 kmSouth East gas pipeline projectin Calabar, Cross River State.

The project which will beexecuted by its subsidiary, EastHorizon Gas Company Limited(EHGC), will connect to the

existing Obigbo – ALSCON lineat Ukanafun Local Governmentof Akwa Ibom State and will runabout 128 km through AkwaIbom and Cross River State. Thepipeline project will involvemajor civil engineering works asit crosses eight major rivers andsome swamp locations beforeterminating at the new UnitedCement Company factory(UNICEM), located atMfamosing, near Calabar.Already, the impressive logisticfeat of moving 128km of steelpipes from the ports to thestaging areas has beencompleted without incidence.

In strict adherence toconstituted procedures, EHGC,in conjunction with the NigeriaGas Company, (NGC) and theDepartment of PetroleumResources (DPR) haveconcluded an EnvironmentalImpact Assessment (EIA) OpenForum as part of its statutoryrequirements for the granting of

an Oil Pipeline License (OPL) forthe project.

The EIA Open Forum,conducted in a question andanswer environment, affordedthe community an opportunity toenquire about East Horizon’ssafety records, procedures,policies, operational capabilitiesas well as ability to execute theproject without any negativeimpact on the community.

Assuring the community ofEHGC’s high safety standards,Mr. Bolaji Osunsanya, ManagingDirector, Oando Gas & Powerstated: “We have successfullybuilt a 100 kilometer gas pipelinein Lagos state which has beenoperational for over 6 yearswithout any incident. We intendto replicate what was done inLagos by our sister company,Gaslink Nigeria Limited, toassure the safety of lives andproperty in the area.”

Oando wins 2008 NSE AOando wins 2008 NSE AOando wins 2008 NSE AOando wins 2008 NSE AOando wins 2008 NSE Awarwarwarwarwarddddd… Inter… Inter… Inter… Inter… International Upstrnational Upstrnational Upstrnational Upstrnational Upstream Aeam Aeam Aeam Aeam Awarwarwarwarward tood tood tood tood too

128km gas pipeline project in progress at Calabar, Cross Rivers State

...contd on next page

...contd on next page NSE Award

Energy Firm” at the 15th AfricanUpstream Conference in CapeTown, South Africa

The NSE prize brings to five thenumber of times Oando haswon the award. It won in 2001,2003, 2004, 2006 and 2008. In2003 and 2004 the companyalso won the coveted “BestQuoted Company on the NSE”.

“This award underpins thedegree of professionalism andseriousness Oando hasdevoted to corporate

OandoNews 2

EDITORIAL TEAM

EditorEditorEditorEditorEditorMeka Olowola

Assistant EditorsAssistant EditorsAssistant EditorsAssistant EditorsAssistant EditorsAbiodun AtunwaSunmbo OlajubuOdion Aleobua

ContributorsContributorsContributorsContributorsContributorsFemi Adeyeye

Chike Ani

Graphics/LayoutRotimi Jenfa

Editorial AdviserEditorial AdviserEditorial AdviserEditorial AdviserEditorial AdviserTokunboh Durosaro

Oando newsOando newsOando newsOando newsOando news is a quarterly publication bythe Corporate Communications Departmentof Oando PLC. All correspondence to TheTheTheTheThe

EditorEditorEditorEditorEditor,,,,, Oando PLC, (9th Floor)2, Ajose Adeogun Street,

Victoria Island, Lagos,Nigeria.Website:www.oandoplc.com

Email: oandonews@oandoplc.com

All rights rAll rights rAll rights rAll rights rAll rights reserved. Materials in thiseserved. Materials in thiseserved. Materials in thiseserved. Materials in thiseserved. Materials in thisissue may be rissue may be rissue may be rissue may be rissue may be re-printed with due cre-printed with due cre-printed with due cre-printed with due cre-printed with due crediteditediteditedit

given to Oando Newsgiven to Oando Newsgiven to Oando Newsgiven to Oando Newsgiven to Oando News

EDITOR’EDITOR’EDITOR’EDITOR’EDITOR’s Notes Notes Notes Notes Note

Meka...contd from cover page ...Gas Pipeline Project

The following safety proceduresamongst others will be in placewhen laying the pipeline for theproject:

• Adequate Depth ofCover: the depth of coverfor the pipeline will be1.2m into the ground,thus ensuring that noaccidental digging willlead to rupturing of thepipeline.

• A 3-layer polytheneprotection will be anadditional protection forthe pipes.

• Pathway of the pipelineswill be properly marked toensure no accidentaldigging is done along thepipeline route.

Commenting further, Mr.Osunsanya added, “Natural gasis the most attractive energysource in the world today and

offers itself as a cheaper, cleanerand safer alternative, whencompared to other sources ofenergy. It is also an energysource whose usage isincreasing because of its uniquequalities, in terms of safety,reliability, cost andenvironmental friendliness. I canalso assure you that we will beexecuting the best of communityrelations programmes just as we

did in the Lagos pipelineproject.”

The 128 km gas pipeline whichis presently being constructedwill have UNICEM in Calabar asits primary customer. Thefactory, which is currently underconstruction, is scheduled forcompletion in 2009 and willutilize Natural Gas supplied byEast Horizon Gas Company forboth its power and processrequirements.

...contd from cover page ...Gas Pipeline Project

Welcome to 2009 - a yearthat promises to be veryfulfilling and rewarding in

the face of murky forecasts.Despite all the challenges to beexpected in a year whereuncertainty may be the onlypredictable outcome, there iscomfort in knowing that our teamsare made up of champions thatforge on long after even the stronghave given up. The GCE’s 2009welcome address gives us thatconfidence.

We lead this edition with OandoGas and Power’s actualisation of

its commitment to extend its gaspipeline grid beyond Lagos with anadditional 128 km gas pipelineproject in Cross River and AkwaIbom States. Also on the cover isthe story of how Oando crownedthe impressive year 2008 with twowell deserved awards. As usual, wealso bring you interestingdevelopments from all Oandoentities just the way you like it.

On the lighter side, the last quarterof 2008 was replete with interestingactivities that made it a quarter toremember. The most memorable ofwhich was the debut Oando Star

Awards. With a red carpetreception, entertainment fromNigeria’s top musical acts and otherinteresting presentations, Oandoredefined corporate award nightson the 19th of December last year.We bring you a specialcommemorative pullout photospread for you to relive thememories.

Here’s wishing you a joyous 2009.

Enjoy.

governance, which has reflectedin high level dealings with theNSE. Ours is a company with astickler for excellence and weappreciate the efforts of all thestakeholders that have made thisaward possible”, Mrs. DejiDelano, Group CompanySecretary & Compliance Officersaid.

The NSE based Oando’squalification on the company’sadherence to post-listingrequirements and other indicesof corporate governance,financial performance and returnon investment to itsshareholders.

Meanwhile, the InternationalUpstream Award recognizedOando’s subsidiary OandoExploration and Production(OEPL) for its fast growingportfolios in different areas of theupstream industry, and thecompany’s expanding influenceacross the petroleum andancillary industries across thecontinent.

The award is given annually inrecognition of outstandingcontributions of oil firms ingrowing the upstream sector ofthe industry. Oando emerged aswinner out of a selection ofcompanies from variouscountries on the continent.

In presenting the awards, theChairman and Chief Execute ofGlobal Pacific and Partners, Mr.Duncan Clarke commented; “Ofall companies born in Africa,Oando PLC - Nigeria’s largestenergy group, stands out as aleading African player onaccount of its unique joint listingson the Lagos and JohannesburgStock Exchanges, an extensiveand growing asset portfolioacross the oil and gas valuechain, success in new venturesand acquisitions as well as thecompany’s fast-emerginggrowth in the Gulf of Guinea , asan operator.”

The awards were given underfive different categories namely“Elephant”, “Lion”, “Leopard”,

“Rhino” and “Buffalo”. Oandoreceived the Leopard Award.

Responding, Mr. TundeOgunnaike, Chief ExecutiveOfficer, OEPL, said, “this awardrepresents a very firmendorsement of our valueproposition and growthaspiration over these few years.In the next few weeks, OEPL willcommence value extraction ofsome of its mining assets, whichwill be followed by strategicacquisitions and alliances thatwill further boost our portfolio inthe industry.”

Commenting further, Mr. Clarkesaid, “despite the challenges,the indigenous African oilcompanies have continued tospring up in numbers, and oneof the companies that hasrecorded tremendousaccomplishments is Oando.”

Oando’s investment in the oil andgas industry spans across theentire energy value-chain – fromsupply and trading to marketing

of petroleum products, to gasand power; upstream energyservices and exploration andproduction.

3 OandoNews

OOOOOando PLC, Nigeria’sleading integratedenergy group, in its bid

ensure that only the rightpetroleum products are sold inthe country, has donated a stateof the art ethanol testingequipment, known as the ‘VarianCP-3800 GC’ to the Departmentof Petroleum Resources (DPR).The equipment was presented toDPR on behalf of Oando by Mrs.Lara Banjoko, Chief OperatingOfficer, Oando Marketing, atDPR’s Head Office in Lagos on18th December, 2008.

Oando Donates Ethanol TOando Donates Ethanol TOando Donates Ethanol TOando Donates Ethanol TOando Donates Ethanol Testing Equipment to FGesting Equipment to FGesting Equipment to FGesting Equipment to FGesting Equipment to FG

The equipment will beadministered in conjunction withSGS, a world renownedprivately-run laboratory withproven capacity to use the veryadvanced equipment. SGS willalso provide training for DPR onthe equipment handling.

The Varian CP-3800 GC testingmachines meet the 21st centuryanalytical requirements withpractical solutions for simple andcomplex applications todetermine the level of all thechemical components present infuel. The machine’s ethanoltesting methods conform to

international testing processesof ASTM D4815 – (ASTMoriginally known as the AmericanSociety for Testing andMaterials). ASTM is aninternational standardsorganization that develops andpublishes voluntary consensustechnical standards for a widerange of materials, products,systems, and services globally.In addition, the CP-3800 is easilyconfigured to perform on-lineanalysis for monitoring criticalgas and liquid process streams.

Commenting on the donation,Chris Onuoha, Group Head,Environment, Health, Safety,Security and Quality, (EHSSQ)Oando PLC, states; “as weimport fuels to augment our localconsumption from theinternational markets, theNigerian oil & gas industry must

be ahead or in the least be atpar with developments at theglobal level so that what is soldto us is the exact specificationrequired by Nigerian regulators.This equipment will provide theindustry with that assurancethrough entrenched internationaltesting methods, as highlightedin ASTM processes. This is ourcontribution to guaranteeing thatthe highest standard is attainedin the industry.”

Responding, Mr. AbiodunIbikunle, Head of Upstream,DPR, who received theequipment on behalf of theActing Director, Alhaji AliyuSabo-Birni said “today we arewitnessing the gains of public-private partnership gearedtowards making our country abetter society as the donation ofthis ethanol testing machine is afulfillment of an earlier promisemade by Oando.”

The traditional annualsummit of the NigerianEconomic Group

Themed: “Vision 2020: ThePossibilities and the Realities”.took place in Abuja on October21 – 24, 2008. The summitattracted both the private andpublic players from theAgricultural to the Oil and GasSector.

As a gold sponsor of the event,Oando enjoyed some benefitsamongst which were a spaciousexhibition stand, Oando logo onall conference materials, freedelegate registration and moreimportantly the Group Chief

Oando Backs Nigerian Economic GrOando Backs Nigerian Economic GrOando Backs Nigerian Economic GrOando Backs Nigerian Economic GrOando Backs Nigerian Economic Groupoupoupoupoup… as GCE co - chairs the Oil and Gas Policy Commissions… as GCE co - chairs the Oil and Gas Policy Commissions… as GCE co - chairs the Oil and Gas Policy Commissions… as GCE co - chairs the Oil and Gas Policy Commissions… as GCE co - chairs the Oil and Gas Policy Commissions

Executive, Mr. Wale Tinubu, co-chairing the Oil and Gas PolicySession which highlights thevarious initiatives in the localcontent policies.

The Oil and Gas Policy Sessionis one of the eight PolicyCommissions of the NigerianEconomic Summit Group(NESG) through which specificrecommendations of the annualNigerian Economic Summit areprioritized by a core group ofstakeholders followed up toensure adoption andimplementation by the relevantpolicy implementing agenciesand stakeholder groups.

Chris Onouha, Chief EHSSQ Officer (L), Oando PLC, Lara Banjoko, COO, Oando Marketing (M) andAbiodun Ibikunle (R), Head of Upstream, Department of Petroleum Resources (DPR)

Wale Tinubu, GCE, Oando PLC (R) and Frank Nweke Jr, former Minister of Information

The Oando exhibition displaybooth was the centre ofattraction at the summit, whichdrew the attention of a greatnumber of senior executivesfrom the banking industry and

the media. Publicity materialssuch as roller banners,brochures and leaflets wereavailable in the company’s standand other designated locationswithin the venue.

Group photograph of Oando and DPR team during the donation ceremony

OandoNews 4

Marketing

Oando Marketing Fuels AerOando Marketing Fuels AerOando Marketing Fuels AerOando Marketing Fuels AerOando Marketing Fuels Aero Charity Flighto Charity Flighto Charity Flighto Charity Flighto Charity Flight

Oando Marketing,Nigeria’s leadingpetroleum products

Marketer, in line with itscommitment to the support of thewelfare and development ofchildren, has announced thefuelling of the Aero ContractorsAirline for its noble Charity Flightfor one hundred underprivilegedchildren. Oando Aviation,Oando Marketing aviation arm,contributed 9,500 litres of ATK forthe flight worth N1.4 million.

Commenting on the event, Mrs.Lara Banjoko, Chief OperatingOfficer, Oando Marketing said,“we are thrilled to be involved inthis very noble event involving100 children. At Oando, childrenare very dear to us, which is whywe have adopted primaryschools in Rivers, Cross River,Katsina, Akwa Ibom, Bauchi andLagos States in line with Oando’s“Adopt-A-School” programme.We also currently provide fullscholarships to one hundred

underprivileged children whoreside along our pipeline routesin Lagos.”

Oando Aviation hasaccreditations from theInternational Air TransportAuthority (IATA) and theInternational Civil AviationOrganisation (ICAO). Over theyears, Oando has establisheditself as the Nigerian AviationSector’s number one marketer ofchoice for the local andinternational airlines.

Commenting further, Mrs.Banjoko said, “Oando Aviationtakes pride in our renownedability to stock and supply ourairline customers withcompetitively priced high qualityon-spec Aviation TurbineKerosene (ATK), otherwiseknown as Jet A1. This is theservice that Aero Contractorsand other airlines in the aviationsector will continue to enjoy fromus.”

Oando Excites Customers withOando Excites Customers withOando Excites Customers withOando Excites Customers withOando Excites Customers withHappy Holiday SplashHappy Holiday SplashHappy Holiday SplashHappy Holiday SplashHappy Holiday Splash

Cross section of the orphan children waiting to board the plane

Oando Bowser fueling plane

Motorists who boughtproducts from Oandoservice stations during

the holiday season were in for atreat!

As Oando marketing activatedits Happy Holiday Splash, aseries of customer rewardschemes. The last edition of thenow two year’s old scheme,

appreciated customers for theirpatronage and support duringthe Eid-el-kabir and Christmasfestivals.

The Eid-el-kabir and Christmasactivation lasted from December24 - 28. This was implementedat 250 selected Oando servicestations nationwide. Customerswere encouraged to make aminimum purchase of N2,500 ofpetrol ,diesel, or kerosene inorde to enjoy the benefits of thereward scheme, which cameinstantly with an Oando brandedpen and a Thank You card.

Also a minimum purchase ofN3,000 worth of petrol ,diesel or

kerosene with an additional 4liters keg of Oleum lubricant(engine oil) attracted animmediate reward of the newlylaunched and pleasantlyfragranced Oando insecticide.

Commenting on the rewardscheme, Mrs Lara Banjoko,Chief Operating Officer, OandoMarketing said “as it is in theOando tradition to rewardperformance of our staff, wealso reward the continuousloyalty of our adorablecustomers. In this season of twovery important holidays, we aresaying thank you for being therethroughout the year with ourHappy Holiday Splash.”

9 OandoNews5 OandoNews

Gas & Power

Gaslink Completes 38km Pipeline Expansion PrGaslink Completes 38km Pipeline Expansion PrGaslink Completes 38km Pipeline Expansion PrGaslink Completes 38km Pipeline Expansion PrGaslink Completes 38km Pipeline Expansion Projectojectojectojectojectin Lagos Statein Lagos Statein Lagos Statein Lagos Statein Lagos State

- Lagos gas pipeline network coverage now 100km- Lagos gas pipeline network coverage now 100km- Lagos gas pipeline network coverage now 100km- Lagos gas pipeline network coverage now 100km- Lagos gas pipeline network coverage now 100km

Industries in Lagos are nowpositioned to cut theirexpenditure on power supply

by 50% as Gaslink NigeriaLimited - a subsidiary of OandoGas and Power, Nigeria’s leadingenergy provider - announces thecommissioning of its 38 kilometrePhase-3 gas pipeline expansionproject in Lagos State. Theproject which commenced inMay 2007 will deliver 1.809million standard cubic feet(mmscf/d) of natural gas per dayto the Apapa industrial area.

The expansion project taggedGLIII (Greater Lagos Three), wasbuilt at a cost, of over N7bn andruns a distance of 38km throughOjota, Maryland, Obanikoro,Iganmu, Alaka, Wharf, Apapa,

Tin Can Island and AmuwoOdofin.

The completion of the newpipeline section as an additionto the existing infrastructure hasresulted in a gas pipelinecoverage of all the majorindustrial areas of Lagos State,with a total pipeline network of99.4km.

Following the successfulcompletion of the first phase ofits development, the companycommissioned its Ikeja 1B gasline with a capacity to deliver anadditional 5mmscf/d tocompanies within Oregunthrough to Mobolaji BankAnthony Way, Ikeja. By 2004,Gaslink’s pipeline network was

further expanded by an 84kilometre distribution linedesigned to deliver athroughput of 65mmscf/dthrough Ojota, Isolo, AmuwoOdofin, Ilupeju, Matori andIsolo. With this, Gaslink hasdeveloped an extensivepipeline network covering themajor industrial areas in LagosState.

The Managing Director ofGaslink Nigeria Limited (GNL),Mr. Bolaji Osunsanyacomments, “the completion ofthis project is a demonstrationof our determination to buildSub-Saharan Africa’s largestpipeline infrastructure on aworld class platform. We haveconcluded the Phase 3

Lowering pipelines from Berger to Tin Can Island Line drying equipment for drying the pipeline

Tie in to valve tee at Apapa Tie in welding at Ijora-NPA

expansion project without anysafety incident and thehydrostatic pressure test hasconfirmed our adherence tointernational standards.”

In the near future, Gaslink plansto extend its business beyondLagos State to other parts ofNigeria and indeed, West Africa.Preliminary work has alreadyreached various stages inCalabar and Abuja, whereGaslink seeks to get newfranchise rights from the NigeriaGas Company (NGC), whilefurther positioning itself as thepreferred Local DistributionCompany (LDC) for the WestAfrican Gas Pipeline (WAGP) thatwill transport natural gas fromNigeria to Ghana, Togo andBenin.

OandoNews

Oando Gas & Power Showcases at NGA ConferOando Gas & Power Showcases at NGA ConferOando Gas & Power Showcases at NGA ConferOando Gas & Power Showcases at NGA ConferOando Gas & Power Showcases at NGA Conferenceenceenceenceence

E very other year, theNigerian Gas Association(NGA) organizes a major

conference/exhibition whichattracts a wide variety of localand international participants.The conference provides theforum for presentations by localand International organizationsas well as individuals on topicalissues relating to thedevelopment of the Nigerian gasindustry.

The Transcorp Hilton Hotel,Abuja, was a beehive of activitiesfrom November 3-4, 2008 as ithosted the Nigerian GasAssociation (NGA) an affiliate ofthe International Gas Union(IGU) and the key players in theemergent gas industry in Nigeriato the 6th International GasConference.

Oando Gas & Power (OG&P)presented a paper and exhibitedat the conference. The

presentation, which centered ongas infrastructure, distributionand pricing was made by LereOdusote on behalf of OG&P. Theevent also featured an excitinggala and dinner night, where allthe members of the newlyelected leadership wereinaugurated. Mr. Tunde Baba-Agba, Customer ServicesManager, Gaslink was amongthe newly elected leaders.

Lere Odusote, Manager, OG & P, presenting at the conference Participants at the Oando stand

(L-R) Lere Odusote, Odion Aleobua, Corporate Communications andTunde Baba-Agba, Manager, Gaslink

(L-R) Enyi Onokala - GM, Commercial, Exxon Mobil, Bolaji Osunsanya - CEO, OG & P, S. KDasgupta - Head, Industrial Projects, Stallion Group and Charles Ndiomu of Exxon Mobil

Exhibitors of gas equipment andproviders of industry-relevantservices use this forum as anopportunity to promote theirvarious organizations.

A communiqué on theproceedings and deliberationsat the conference is issued at theend of the programme and acopy is presented to thePresident of The FederalRepublic of Nigeria.

OandoNews

Gaslink Nigeria Limited(GNL), a subsidiary ofOando Gas and Power

has connected BUA SugarRefinery facilities to its gaspipeline grid for its electricityneeds. The addition of BUAbrings to 81 the number ofGaslink industrial customers nowconnected the company’s gasgrid.

Gas supply from Gaslink will helpBUA realise its planned capacityof 2,000 metric tones of sugar aday from its faciliy. The reducedfuel costs and environmentalfriendliness of running on gas asagainst other fossil fuels weresome of the reasons BUA optedto use gas for its operations.

Commenting, The ChiefExecutive Officer of Gaslink, Mr.Bolaji Osunsanya stated that,“this connection is ademonstration of ourdetermination to keep industriesin Nigeria running profitably on

Gaslink Connects BUA Facilities to Gas GridGaslink Connects BUA Facilities to Gas GridGaslink Connects BUA Facilities to Gas GridGaslink Connects BUA Facilities to Gas GridGaslink Connects BUA Facilities to Gas Grid… Grows Customers Base to 81

clean, safe and environmentfriendly gas fuels. They can berest assured that they havetrusted their state of the artfacility to an entity committed tointernational safety and qualitystandards.”

The successful connection of therefinery’s boilers to the pipelinenetwork was made possible bythe completion of a section ofGaslink’s Greater Lagos Phase3 expansion project, whichextended the network to Tin CanIsland, Apapa; achieved by thecrossing of the Liverpool Riverto the island. This was an integralpart in the design of the 38kilometers Phase-3 gas pipelineexpansion project in LagosState.

The expansion project whichcommenced in May 2007 willnow deliver 1.809 millionstandard cubic feet (mmscf/d) ofnatural gas to the Apapaindustrial area. In strict

adherence to safety standards,the completion was followed bya successful hydrostaticpressure test conducted on theinfrastructure, which confirmedthe integrity of the pipelines.

In 2001, Gaslink embarked on aphased urban pipeline networkdevelopment drive that beganwith the construction of a 11.2kilometers pipeline network, withthe capacity to deliver 15mmscf/d, from the Nigerian GasCompany’s City Gate at Ikejathrough Oba Akran, LateefJakande and Acme Roads; allwithin the Ikeja industrialscheme.

Following the successfulcompletion of the first phase ofits development, the companycommissioned its Ikeja 1B gasline with a capacity to deliver anadditional 5mmscf/d tocompanies within Oregunthrough to Mobolaji BankAnthony Way, Ikeja. By 2004,

Gaslink’s pipeline network wasfurther expanded by an 84kilometers distribution linedesigned to deliver a throughputof 65mmscf/d through Ojota,Amuwo Odofin, Ilupeju, Matoriand Isolo. With this, Gaslink hasdeveloped an extensive 100kmpipeline network covering themajor industrial areas in LagosState.

In the near future, Oando Gasand Power plans to extend itsbusiness beyond Lagos State toother parts of Nigeria andindeed, West Africa.Construction work has alreadycommenced in Cross River andAkwa Ibom States where it seeksto extend franchise rights fromthe Nigeria Gas Company(NGC), while further positioningitself as the preferred LocalDistribution Company (LDC) forthe West African Gas Pipeline(WAGP) which will transportnatural gas from Nigeria toGhana, Togo and Benin.

Tie operations at BUA PRMS location Finished inlet spool of BUA PRMS

OandoNews 8

UpstrUpstrUpstrUpstrUpstreameameameameam

The National Association ofPetroleum Explorationistsrecently organized its 26th

Annual International Conferenceat the Ladi Kwali ConferenceCentre, Sheraton Hotel andTowers, Abuja. Themed‘Unconventional and Exploration

OEPL Attends NAPE ConferOEPL Attends NAPE ConferOEPL Attends NAPE ConferOEPL Attends NAPE ConferOEPL Attends NAPE Conferenceenceenceenceence… suggests solutions to the shortfall on oil and gas production

Plays’. The conference hadseries of presentations frommajor Exploration andProduction (E&P) playersincluding Oando Explorationand Production. The forumprovided a networkingopportunity for major players inthe industry including seasonedPetroleum Engineers, Geologistsand Geophysicists.

It was the first time the E&Pbusiness arm of Oando wouldbe exhibiting at this conferenceas an organization. Severaldelegates and exhibitors visitedthe Oando stand to applaud thehuge steps the company hasbeen taking in recent times andits achievements in the industry.

Mr. Tunde Ogunnaike, ChiefExecutive Officer, OandoExploration and Production

represented by Mr. Labode,presented a paper on “Theeffects of the oil and gasproduction shortfall and theNiger Delta Crisis in Nigeria.”

The presentation went on toaddress the Niger Delta crisisbeginning with a backgroundand a critical analysis of thecurrent and potential effects ofthe situation. He noted that somecommonly agreed solutionsincluded increasedinfrastructural development ofthe producing area, substantialreduction of gas flaring toimprove ecology of area andincreased derivation to theproducing states (currently13%). He also noted that thereis an evolving shift in the balanceof negotiating power from theIOCs to the NOCs andindependents.

OML 56 WOML 56 WOML 56 WOML 56 WOML 56 Well Tell Tell Tell Tell Testingestingestingestingesting

OML 56 Obodeti/Obodugwa 1 well before testing The ceremonious opening of Obodeti/Obodugwa well after successful well testingon13th October 2008.

The resultant effect is that IOCshave begun to focus theirexploration and productionactivities more on offshore anddeepwater operations, while therole of indigenous and nationaloil companies in onshore/shallow marine operationsincrease.

The presentation concluded byoutlining the benefits to allstakeholders of a stable NigerDelta and sustained oil and gasproduction levels some of whichwould be increased directforeign investment, increasedrevenue to all stakeholders(Federal Government, oil andgas companies and oilproducing states), reduction ofcriminal activities by militantsand improved national securityamongst others.

Eamon Labode Akinosho, COO/ED, OEPL

Wellhead valves being repaired Flare site of Obodeti/Obodugwa1 well showing successfull well testing

9 OandoNews

Oando commemoratedthe World AIDS Day onDecember 1, 2008

themed, ‘Stop AIDS. Keep thePromise’, by organizing anAwareness Campaign tosensitize staff on the need tomanage and mitigate the impactof HIV/AIDS within the workplaceand eliminate the stigmatizationand discrimination of affectedworkers.

Staff were educated on theimportance of abstinence notingthat the National WorkplacePolicy on HIV goals are foremployers, employees andstakeholders in protecting therights and dignity of workersaffected by HIV/AIDS.

This point was further reiteratedby demonstrating that thecollective responsibility to stopthe spread of this deadlydisease can only be achieved bybeing knowledgeable about thedisease, abstaining frompremarital and indiscriminatesex, practicing safe sex through

Oando Commemorates WOando Commemorates WOando Commemorates WOando Commemorates WOando Commemorates World AIDS Dayorld AIDS Dayorld AIDS Dayorld AIDS Dayorld AIDS Dayuse of condoms, being faithfulto one partner, knowing your HIVstatus and seeking counselingand medical assistance.

The AIDS Awarenesscampaigns took place in all theLagos Offices of Oando i.e.Head Office, Apapa and Ikeja.Port Harcourt, Kaduna andAbuja offices also participated inthe activities. All Oando Staffwere dressed in World AIDS DayT-shirts to demonstrate theirsupport and commitment to thecontrol and eradication of thedisease.

The Ikeja Aviation staff added acolorful twist to the event byorganizing a silent march aroundthe airport premises in themorning and in the afternoon; anAIDS Awareness Lecture wasgiven to over 50 members of theAirport Taxi Union by Ikeja EHSQpersonnel.

Let’s all heed the call to stop HIV.

It begins with you.

Cross Section of particpants at the lecture

The Facilitator taking Oando staff members through his presentation on HIV awareness

CCCCC redit squeeze, creditcrunch, economicrecession, financial

meltdown, bail out etc, theseterms seem to be the order ofthe day. The global financialcrisis of 2008–2009 is anongoing major financial crisiswhich has affected the worldeconomy. Freddie Mac, FannieMae, Lehman Brothers,JPMorgan Chase, Merrill Lynch,American International Group(AIG) are just some of thenotable companies who havebeen forced to seek governmentassistance in order to stay afloat.

Back home here in Nigeria theeffects of the Global financialcrisis have certainly trickleddown, its effect can be seen inthe stock market, the value of the

Global Financial Crisis – The Role of ComplianceGlobal Financial Crisis – The Role of ComplianceGlobal Financial Crisis – The Role of ComplianceGlobal Financial Crisis – The Role of ComplianceGlobal Financial Crisis – The Role of Compliancenaira vis-a- vis the dollar, thefalling price of crude oil (thenations top foreign exchangeearner) which has affectedprojected revenue. The effect onprivate businesses is not anyless adverse. A lot of companieshave been forced to cancel orpostpone several projects due topoor forecasts and some areeven contemplating laying offtheir work force all in a bid todrive down costs and remain inbusiness.

With all the gloom that is beingforecast, if ever there was a timewhen compliance in thecorporate environment wasrelevant, that time is now.Companies that invest inentrenching adequatecompliance measures within

their internal systems willcertainly be treading the rightpath in overcoming the direeconomic forecasts. There is aneed to strengthen & developmore stringent internal controlsystems to monitor financialtransactions and ensure thatethics and standards of conduct

are strictly adhered to and formthe bedrock of all decisionstaken in the company. There cannot be any room to be lax or non-compliant as every decisionwhich is taken will indeed bevery crucial.

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OandoNews 10

PicturPicturPicturPicturPictures fres fres fres fres from the Africa Oil Wom the Africa Oil Wom the Africa Oil Wom the Africa Oil Wom the Africa Oil Week in South Africaeek in South Africaeek in South Africaeek in South Africaeek in South Africa

Eamon Labode Akinosho, COO, OEPL (L), Babatunde Ogunnaike, CEO, OEPL (M) and AdekunleAdedeji, MD, Avante Capital Limited

Wale Tinubu presenting at the conference

Yomi Awobokun, EA to GCE (L), Wale Tinubu, GCE and Eamon Labode Akinosho, COO, OEPL (R) Sunmbo Olajubu, Corporate Communications at the Oando stand

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Cross section of Oando staff members in the stand Oando Team in a group photograph

11 OandoNews

Social Diary

5th of December 2008 willnot be long forgotten in theminds of the children who

attended the Oando KiddiesEnd of Year Party. The venuewas the luscious green lawn ofthe Xaviar Event Park at theAbacha Estate, DolphinExtention, Ikoyi, Lagos.

The weather was wonderful;almost perfect. The childrencame in trickles colourfullydressed and excited,accompanied by their wards.They were treated to lots of facepainting and plenty to eat anddrink like finger-licking food, ice-cream pop-corn and hot dog.

Oando Kiddies hosted at end of year bashOando Kiddies hosted at end of year bashOando Kiddies hosted at end of year bashOando Kiddies hosted at end of year bashOando Kiddies hosted at end of year bashThe kids were entertained asthey participated in dancingcompetitions and quizzes thatadded thrill to the whole event.They were also entertained byclowns and magicians whoperformed many kinds of tricks.

The play area had bouncingcastles, trains and horse ride forall the kids to enjoy.

Winners of the variouscompetitions received excitingprizes while all the children wenthome with lots of goody bagsfrom Santa Claus after the party.The event ended with a mind-blowing fireworks display.

Some of the children taking a ride on the train

The children playing Feeding The Hungry Clown

Vera & Aloiye Aigbonoga, Manager Legal

Santa Claus was on hand to present gifts to all the children

Former Miss Olajumoke Akinlaja Admin Officer,Oando Supply and Trading got married to Mr.Emmanuel Ajibulu on 19th Dec, 2009 at GoldenTriangle College, Alagbado,Lagos.

Some of the children present at the party

Some of the children on the bouncing castle

Esther Agbamuche, EHSSQ (M) with herdaughter (R) at the party

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