A Review of the Nigerian Energy Industry

Oando rig achieves 5 years without lost time

17 February 2015, Lagos – Oando Energy Services Limited, OESL, an Oando Plc subsidiary and operator of swamp drilling rigs services, said it has successfully achieved five years of continuous operations without Lost Time Injury, LTI, on its flagship rig, OES Teamwork.

Oando-logo-300x1733LTI is a measure of injury sustained on the job, capable of preventing a worker from performing or continuing a task or resulting in operational downtime.

It is an oil and gas industry benchmark that evaluates adherence to safety and environmental requirements in the course of operations. As a result, LTI is a critical Key Performance Indicator, KPI, for Oando’s conformity with best practices within the oil and gas industry.

Oando said in a statement that the OES Teamwork swamp rig is said to have successfully drilled, completed, and worked on 19 wells since it commenced operation in 2010.

The rig is the first 3,000 HP modern swamp drilling barge to operate in the Niger Delta, and is equipped with 15,000 psi blowout preventers, BOP, which are designed to drill High Pressure/High Temperature, HPHT wells to depths of 30,000 ft.

Commenting on the accomplishment, OESL CEO, Mr. Bandele Badejo, was quoted as commending the team for the achievement. “This noteworthy achievement is a validation of the safe work culture and compliance to EHSSQ processes on our rigs notwithstanding a rig’s operational status.

He also commended the team’s unrelenting commitment in maintaining an incident free rig in spite of challenges instigated by the current downtown in the industry.

Also commenting, Oando’s Chief Environmental Health Safety Security and Quality Officer, Mr. Chjioke Akwukwuma, said, “We envisage a positive outlook for the industry in the second quarter of this year and urge our rig teams to continuously maintain the implementation of world class safety standard activities will pick-up thereby easing our cash-flow challenges.”

He added that “This is a significant and laudable feat in the history of OESL and within the Oando Group.

– See more at: http://www.vanguardngr.com/2015/02/oando-rig-achieves-5-years-without-lost-time/#sthash.oWYqOAfQ.dpuf

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