Oando Energy Services Emerges Nigeria's Largest ... - Oando PLC

Oandonews
A Quarterly In-house Journal of Oando Group
Apr - Jun, 2009. Quarter 2
Oando Energy Services, a
subsidiary of Oando PLC -
Nigeria’s leading integrated
energy solutions provider, has emerged
Nigeria’s largest indigenous drilling
contractor with Oando’s acquisition of two
inland barge rigs from Shell Petroleum
Development Company of Nigeria Limited
(SPDC) for an estimated USD 43.5 million
inclusive of VAT.
This latest acquisition brings to five, the
total number of rigs in Oando’s fleet and
clearly reinforces the company’s position
as the leading beacon in the oilfield
services sector of Nigeria’s oil and gas
industry.
Commenting on the acquisition, Mr. Uche
Dimiri, Chief Executive Officer, Oando
Energy Services, said: “The Niger Delta
swamps contain abundant reserves that
are crucial to Nigeria achieving its plan to
increase production levels to 4 million
barrels per day by 2010. The
understanding that there must be
increased drilling activity across all stages
of oil exploitation, from exploration to
development, for the government’s targets
to be realised forms the basis of our
continued investments in swamp drilling
rigs. The cantilever capability of Rig 2
(formerly Parker rig 75) is unique in
Nigeria. This feature enables Rig 2 to drill
multiple well slots while remaining at the
same client location, thus optimising
reservoir drainage while reducing the
overall cost of well construction. We
intend to combine this uniqueness with
our superior community relations
expertise to deliver not only significant
cost savings but other operational
efficiencies to our customers. An added
feature of Rig 1 is its 3,000 horsepower
rating which gives Oando the flexibility to
upgrade it to a High Pressure, High
Temperature (HPHT) rig. This conversion
will increase to two the number of such
rigs in-country for exploiting reservoirs with
such peculiarity.”
Oando Energy Services Emerges
Nigeria’s Largest Indigenous Drilling
Services Provider
• Rigs in fleet now five
• Investment in energy services now $250 million
Searex VI now OES Respect Searex XII now OES Teamwork Constitution now OES Integrity
Content
Oando Signs AGIP Agreement
- Pg. 2
“Rig 2 was acquired together with an
existing contract whilst Rig 1 (formerly
Parker 73) is scheduled to proceed to the
shipyard where it will undergo life
enhancement and upgrade prior to its
deployment in 2010.” Mr. Dimiri added.
Mr. Wale Tinubu Group Chief Executive
said, “This latest acquisition boosts our
investment to approximately $250 million
out of the $500 million five-year
development plan announced prior. With
a further resolve to increase our rig fleet
in the near future, we are positioning
Oando as the partner of choice for worldclass
land and swamp oil field services.
By the purchase of an asset already in
contract, we expedite value extraction for
our shareholders, whilst guaranteeing
significant and steady long term revenue
for the group.”
Parker 73 now OES Passion
Parker 75 now OES Professionalism
Oando Sponsors Business Day
CEO Forum - Pg. 3
Oando Sponsors First South-South
Economic Summit - Pg. 5
OG & P Celebrates Childrens Day
- Pg. 5
Photo News -Pg. 6 - 7
Oando at the 2009 OTC Conference
- Pg. 8
Oando Sponsors Ohada Conference
- Pg. 9
Corporate Governance / CSR
- Pg. 10
Social Diary - Pg. 11
OandoNews

EDITOR’s Note
Booker T. Washington once
said, “Excellence is to do
common things in an
uncommon way”. As we all know,
at Oando, we continually go all-out
for excellence by being
performance driven, dynamic and
innovative; transforming the African
energy landscape in the process.
It is not an easy journey, but through
hard work, perseverance and
ingenuity, we continually
consolidate our leadership position
as sub-Saharan Africa’s foremost
integrated energy solutions
provider with diverse value adding
services.
This edition’s cover story features
Oando Energy Services’
emergence as Nigeria largest
indigenous drilling services
provider, with a fleet of five rigs and
an investment of over $250 million.
In our usual proactive manner, two
of these rigs have already secured
a $150 million, two-year drilling
contract.
A big “hurray!” to Oando Marketing
for pioneering retail gas dispensing
in service stations dubbed Pay-as-
U-Gas. This laudable service will
enable more Nigerians have easier
access to cooking gas.
Oando Gas and Power’s 128 km
pipeline construction in the
southeast has made significant
progress and we shall regale you
with the story of our landmark
crossing of rivers and other
updates.
This quarter was certainly the
season of weddings, and here’s a
toast to the four employees that
exchanged marital vows with their
partners. Oando News hears there
is a wedding in the offing of one of
our very own…watch this space
next edition for the details.
Thanks to all those who contributed
in making this edition a success.
Enjoy!
Meka
Oando Signs $150m Drilling Agreement with AGIP
demonstration of the confidence
international oil companies have
in our personnels’ technical
capabilities, local terrain knowhow
and ability to drill oilfields
within the Niger delta region. We
are confident of delivering
optimum value to NAOC in order
to meet their drilling objectives
within the stipulated time”.
• Drilling and completions
fluid and engineering
services
• Drill bits and drilling systems
services
• Drilling rigs
The contract is subject to all
regulatory operational
approvals.
(L-R) Roberto Casula, Chairman, (NAOC), Omamofe Boyo, Deputy Group Executive, Oando
PLC, Wale Tinubu, Group Chief Executive, Oando PLC with Ciro Antonio Pagano, Vice Chairman/
Managing Director, Nigerian Agip Oil Company (NAOC)
Oando Energy Services
Ltd. (OESL), Nigeria’s
foremost indigenous
oilfield services company,
signed a $150 million two-year
drilling contract with Nigerian
Agip Oil Company (NAOC) for its
oilfields in the Niger Delta.
This contract further
demonstrates the company’s
commitment to its audacious
upstream expansion having
invested significantly in the rigs
business over the last two years
with aspirations of becoming a
dominant player in the land and
swamp rig business.
In execution of the contract,
Oando will be deploying two of
its most sophisticated swamp
rigs in its fleet with the capacity
to drill under high temperatures,
high pressure of 15,000 psi and
to depths in excess of 30,000ft.
Mr. Uche Dimiri, Chief Executive
Officer, Oando Energy Services
comments, “This contract is a
The Group Chief Executive
Officer, Oando PLC, Mr. Wale
Tinubu, further comments, “This
deal is a major milestone for
Oando and a triumph for the local
content drive in Nigeria. We are
pleased with this achievement,
as it is a validation of our
diversification strategy from the
downstream to a fully integrated
energy company. This
partnership with Agip will see
our rigs business significantly
contribute to our earnings whilst
assuring our shareholders of an
immediate return on investment”
OESL is a subsidiary of Oando
PLC established to strategically
provide oilfield services to
upstream operators within the
Gulf of Guinea. The company
offers three product service lines
namely;
EDITORIAL TEAM
Editor
Meka Olowola
Assistant Editors
Abiodun Atunwa
Sunmbo Olajubu
Odion Aleobua
Contributors
Femi Adeyeye
Chike Ani
Misan Jekhine
Graphics/Layout
Rotimi Jenfa
Editorial Adviser
Tokunboh Durosaro
Oando news is a quarterly publication by
the Corporate Communications Department
of Oando PLC. All correspondence to The
Editor, Oando PLC, (9th Floor)
2, Ajose Adeogun Street,
Victoria Island, Lagos,Nigeria.
Website:www.oandoplc.com
Email: oandonews@oandoplc.com
All rights reserved. Materials in this
issue may be re-printed with due credit
given to Oando News
OandoNews 2

Oando Signs Drilling Agreement with AGIP
(L-R) Olawunmi Asekun, Executive Director, Finance, OES, Uche Dimiri, CEO, OES, Ciro Antonio Pagano, Wale Tinubu, Roberto Casula, Omamofe Boyo, Sola Ismail, Business Development Manager,
OES and Dondo Ahire, COO, OES in a group photograph at the NAOC office on Friday the 15th May, 2009
Oando Sponsors Business Day CEO Forum
In its usual spirit of identifying
and championing high level
intellectual discourse, Oando
in the last quarter partnered with
Business Day newspaper to
present the maiden edition of
The CEO Forum, Nigeria. The
alliance could not have been
better as Business Day is
Nigeria’s leading business
journal with international
affiliations, while Oando,
Nigeria’s foremost integrated
energy solutions provider, leads
indigenous content in the global
business of upstream
operations.
The forum stimulated
conversations amongst 120
specially selected CEOs from
different sectors of the economy
and government bodies to
examine amongst other issues;
• The effect of the global
financial crisis on the
Nigerian economy
• The rise of the African
consumer
• Emerging opportunities or
dawn of a new era;
perspectives on
manufacturing
• Issues on innovative
models for public/private
partnerships.
• Lessons from China’s rise
and its role in the Nigerian
economy.
Wale Tinubu, Group Chief
Executive, Oando PLC was a
member of the carefully selected
panelists to examine issues in
private and public sectors
partnership. The panel also had
Rotimi Oyekan, Commissioner
for Finance, Lagos State, who
represented the Lagos State
Governor, Mr. Babatunde
Fashola, (SAN).
Other distinguished speakers at
the event also include, Mr.
Lamido Sanusi, the Central Bank
of Nigeria (CBN) Governor, who
was then CEO of the First Bank;
Pat Utomi of Lagos Business
School; Aliko Dangote of
Dangote Group, Bismark
Rewane of Financial Derivatives;
Onajite Okoloko; Solomon
Quaynor of International Finance
Corporation (IFC); Stella Okoli,
founder/CEO of Emzor
Pharmaceutical Industries; and
Foluso Philips of Philips
Consulting.
Apart from 120 selected Nigerian
CEOs, other international content
for the one-day forum were
Michael Porter, number one
management guru and Harvard
professor; Saad al Barrak, Global
CEO of Zain; Dominic Barton,
Managing Director-elect
McKinsey (the organisation that
partnered Business Day on
organising the event); Lazarus
(L) Rotimi Oyekan, Commissioner for Finance, Lagos State, Andrew Alli (M), CEO, African Finance
Corporation, Foluso Phillips (Second Right), MD, Phillips Consulting and Wale Tinubu, Group
Chief Executive, Oando PLC
(L-R) Wale Tinubu, Albert Okumagba, CEO BGL PLC and Lamido Sanusi, CBN Governor
Angbazo, CEO, GE Sub-Saharan
Africa; and Yibing Wu, Vice
Chairman, Legend Holding,
owners of Lenovo Computers.
At the Forum, CEOs expected
amongst others objectives, that
the imput from the their discourse
will resolve to adopt a new
approach to leadership as well
as provide effective strategy and
solution in areas of finance,
human resources, information
technology, change
management, growth, that
involves transformation of
people, systems, structures and
processes.
3 OandoNews

Marketing
Oando Marketing Limited Signs Operating
Agreement with BannerGas for Deployment of New
Retail Gas Innovation
Wale Tinubu, GCE, Oando PLC, Femi Olayisade, Permanent Secretary, Ministry of Petroleum,
Mohammed K. Jubril, Senator, Federal Republic of Nigera (representing the Vice President) and
Betty Okoroh, Clerk, Senate Committee on Gas
A typical gas dispensing pump
Oando Marketing Limited,
the leading oil marketing
retailer in Nigeria and a
subsidiary of Nigeria’s Energy
giant Oando PLC, has recorded
a landmark achievement in the
oil and gas industry with the
signing of an operating
agreement with BannerGas, an
engineering, construction and
maintenance company with
expertise in gas storage
facilities on 3 rd June, 2009 for the
installation of Liquefied
Petroleum Gas (LPG) filling
plants at Oando service stations
nationwide.
This initiative involves the
installation of LPG dispensing
pumps which will enable on-thespot
dispensing of LPG using a
pump meter into the customers’
cylinders and instant collection
of gas and cylinder by the
customer from the station of
purchase. The gas dispensing
pump is equipped with modern
day technology which enables
it to fill gas cylinders of different
types and specifications
ensuring no customer is
exempted from enjoying the
benefits of this initiative.
The key benefits of this initiative
to customers are as follows:
1. Availability: Available at
designated Oando
service stations near the
customers
2. Affordability: Competitive
pricing, simply within the
customers means.
3. Flexibility: Customers
can buy what they can
afford per time,
depending on cash
available and not cylinder
size
4. Accuracy: Equipment is
kitted with a meter to give
customers precise
measure and value for
money.
5. Added Value: Customers
would also enjoy free
cylinder checks/ service
on purchase
6. Safety: Oando products
and services meet safety
standards and
regulations.
The first phase of the deployment
plan for the LPG filling plants is
scheduled for June 2009 with
deployment to 10 Oando service
stations in Lagos, Abuja and
Kaduna. Subsequent phases
are scheduled for later in the year
which will see deployment of this
innovation to additional 20
Oando service stations
nationwide by year end. With this
initiative, Oando Marketing is
bringing respite to Nigerians gas
customers who up until now
have had to live with several
challenges associated with gas
purchase.
Our commitment is to give existing
and prospective LPG customers
a convenient, safe means of gas
dispensing, purchase at a price
they can afford while they still get
to keep their cylinders. With this
innovation, we have not only
succeeded in achieving that but
also guaranteed refill of gas
cylinders of various types and
specification with this equipment”.
The Oando brand is known for
innovation and setting the pace
in the Oil and gas industry. This
innovation is a clear
demonstration of our will power to
go the extra mile in introducing
innovative products and services
which are of great value and
deliver true benefits to our
customers. We are proud to
premiere this technologically
advanced initiative in African
Sub-Saharan region with a
competent partner, BannerGas
and most importantly demonstrate
the customer centric nature of our
organization”.
Oando Marketing is the leading
oil marketing retailer with over
500 retail outlets and numerous
commercial customers cutting
across the different
geographical zones in Nigeria
and operations in Ghana, Togo,
Liberia and Republic of Benin.
This leading position further
reinforced by this innovation
which is the first of its kind to be
introduced at retail service
stations in Nigeria.
OandoNews 4

Gas & Power
Inspection Tour of OG & P’s South East Gas Pipeline
As the 128km South East
gas pipeline project
reaches its critical
engineering stage of crossing
rivers, swamps and challenging
forest terrain clearing, the
Management of Oando Gas and
Power – OG&P (project sponsor)
Nigerian Gas Company (OG&P
project partners), Oilserv
(contractors) and United Cement
Company – UNICEM (project
beneficiary) embarked on a joint
inspection of the project sites.
The inspection took place at the
Cross River boundary of the
project.
The 128km project takes off from
Akwa Ibom state all the way to
Cross River state, crossing major
rivers, swamps, rocks and
mountainous forests. The Cross
river boundary features most of
these tough topographies.
The team visited the cleared
forest sites, the rocky and hilly
terrains, the swamps, the location
for the Calabar river crossing
and the stack yards for pipes and
other equipment. The tour gave
UNICEM the opportunity of a first
hand experience of the rough
terrain the pipeline project is
routed with the representative
commending the OG&P and
Oilserv for building the capacity
for such audacious task.
Stacked pipe elbows
(L-R) Bassey Okoi, Project Manager, Oilserve Limited, Bolaji Osunsanya, CEO, Oando Gas &
Power, Raphael Awoseyin, Chief Engineering & Technology Officer, Oando PLC, Audu Ibrahim,
Project Lead, Nigerian Gas Company and Chris Agibe, Energy Manager, Unicem
Manual welding activity for the Calabar river crossing
OG & P Celebrates Childrens’ Day
Some of the children on excursion with Oando staff members, (back row right) Sandra Owoseni,
Administrative Officer, OG & P, Odion Aleobua, Corporate Communications, Oando PLC and
Tunde Baba-agba, Customer Servicer Manager, OG & P at A & P Foods in Ikeja, Lagos
Oando Gas & Power
under its Back-to-
School programme has
100 under-privileged children
under a scholarship scheme,
which aids the children’s
parents to provide quality
education in privately-run
schools. They were chosen
along the company’s 100km
gas pipeline route in Lagos.
In demonstration of its
commitment to the quality of
care the children enjoy under
the scheme, OG&P has
continually monitored the
education performance of the
beneficiaries. In the same vein,
the company also gets involves
in the soft aspects of the
children’s lives. On May 11, 2009,
it took the 100 children to A&P
Foods, the makers of Hansbro
Biscuits and other brand of
confectioneries. A&P Foods is
one the over 80 customers
enjoying the supply of cheap,
safe and clean natural gas from
Oando’s Gaslink.
95 OandoNews

PHOTO
2009 EHSSQ WEEK at Oando
Imbibing EHSSQ Values: A
prerequisite to Business
Sustainability was the theme
of this year’s Environment,
Health, Safety, Security and
Quality Assurance (EHSSQ)
Week. This year’s edition held on
Monday 13 through Thursday 16
July 2009 at the lagoon
restuarant, Victoria Island,
Lagos.
The programme highlighted a
number of events to increase
EHSSQ awareness, further
entrench its values and
sustainability amongst
employees, customers and other
stakeholders.
Highlights included the
presentation of ISO 9001:2000
Quality Management Certificate
Award to Oando Gas & Power,
as well as Corporate
Membership Certificate of the
Nigerian Conservation
Foundation.
This event also took place in all
major Oando locations across
the country- Lagos, Apapa,
Kaduna and Port Harcourt. At
these locations, talks were given
on various topics such as
Occupational Health, Security
and Environmental Awareness
issues.
(L-R) Omamofe Boyo, DGCE, Oando PLC, Femi Adeyemo, ED/Group Chief Financial Officer,
Oando PLC and Funmi Tsewinor, Nigeria Conservation Foundation
Oyet Gogomary, Head EHSSQ
Tolu Ogunleye, Oando Exploration & Production (L) receiving his gift for exceptional EHSSQ
performance from Deji Delano
Chris Onuoha, Group Head EHSSQ
(L-R) Obajimi Adeshina, EHS Officer Oando Marketing, Fadoyin Omowuni, Oando Exploration
& Production and Ezeike Chukwuma Edmund, Oando Gas & Power
Yves Okpure, EHSSQ (L) and Srugavarapu Ramanath, Head, Terminals and Engineering, both
of Oando Marketing
Adaeze Nwakoby (L) and Onyeka Okoh, both of Oando Supply & Trading
Samuel Boyo (L) receiving a gift from Deji Delano for exceptional EHSSQ performance
OandoNews

NEWS
Group photograph of Oando Gas & Power Staff after receiving the ISO certificate for conforming to world calss standards
Araromi Oluwatoyin, Compliance Manager (L) and Eteudoh Phyllis, Corporate Secretariat
(L-R) Isichelli Kingsley, Corporate Secreriat, Momoh Omokhigho Izunya, Standard Services
Officer and Esechie Izedomi Oje, LPG Officer, Oando Marketing
Ani Efe Harris, EHS Engineer (L) and Onyenwe Samuel, Community Relations Manager both of
Oando Exploration & Production
Durosaro Tokunboh, Chief Corporate Services Officer (L) and Onayiga Olakunle, Ag. Manager,
Business Re-Engineering Oando Marketing
Wunmi Onile-Ere, Trade Support Officer (L) and Omone Isaac both of Oando Supply & Trading
(L-R) Koleoso Kazeem, Exploration Manager, Ibidapo-Obe Akinbambo, Business Analyst both
of Oando Exploration & Production and Akindele Adetokunbo, EA to GCE
OandoNews

Upstream
Oando at the 2009 OTC Conference
in Houston, Texas
Founded in 1969, the
Offshore Technology
Conference is the world’s
foremost event for the
development of offshore
resources in the fields of drilling,
exploration, production, and
environmental protection. OTC
is held annually at Reliant
Center in Houston. This year’s
edition was from May 4-7
2009.Oando PLC as a key
player in the oil and gas industry
graced the occasion with it’s
presence, exhibiting its product
and services in a double
decked stand which was
situated at the Petan Nigeria
section. This year’s technical
program offered special
sessions on significant industry
topics, such as the future of
petroleum, the potential of gas
hydrates as a future energy
source, and the challenges
facing the industry in meeting
increasing demand for energy,
The beautifully branded stand
was a beehive of activities as it
attracted top executives from
other sectors
We rounded off the conference
on an excellent note, with a
business cocktail party hosted
by the Group Chief Executive, Mr.
Wale Tinubu to engage foremost
upstream companies, prospective
financiers and governmental
regulatory bodies on upstream
matters and to acquaint them with
Oando’s huge investments in the
upstream arm of its business and
our full fledged support for the drive
for the Nigerian Content Initiative.
This event took place at the
Houstonian Hotel, in Houston,
Texas.
(L-R) Billy Agah, Director, DPR with wife, Joan, Joseph Musan, Technical Assistant and Babatunde
Ogunnaike, CEO, Oando Exploration & Production at Oando’s stand
(L) Paul Novak, Babatunde Ogunnaike and Eamon Labode Akinosho, Chief Operating Officer,
Oando Exploration & Production at Oando’s stand
(L)Wale Tinubu, Group Chief Executive, Oando PLC and Sola Falodun, Business Development
Manager, Oando Energy Services at the cocktail party
Front veiw of the Oando booth at the conference
(L-R) Jimmy Ahmed, Shell, Uche Dimiri, CEO, Oando Energy Services and Ifeanyi Ogbeshi,
Dubri Oil at the cocktail party
(L) Raphael Awoseyin, CETO, Oando PLC and Chike Onyejekwe, MD, SNEPCO at the cocktail
party
OandoNews 8

Upstream
OES Presents to National Content Development
Local Content or Nigerian
Content (as the case may
be) is no doubt a widely
accepted concept in the oil and
gas industry. However
implementing its objectives is a
major responsibility that has
been vested on all players –both
local and international – in the
industry. One indigenous
company that has the capacity
to operate according to the local
content dictates in terms of local
development of technical
expertise is Oando Energy
Services Limited (OESL).
Driven by an indigenous
management team, Oando
Energy Services Limited (OESL)
is a wholly owned indigenous
drilling company that operates in
Nigeria. With the acquisition of
five drilling rigs, construction of
mud plants in Onne and the huge
supply of drill bits all sourced
within the country, it has
demonstrated its commitment to
the National Content initiative of
the Federal Government. To
enhance its image and create
awareness of the support it has
given National Content initiative
to date, a team of OESL
Management paid a courtesy
visit to the Management of the
National Content Development
Division at the Nigerian National
Petroleum Corporation in Abuja.
It highlighted the strength of its
assets, its technical capability
as well as its management team.
This very impressive and
commendable presentation got
the attention of the NCD team and
they promised their
wholehearted support to OESL in
tackling some of the challenges
highlighted during the course of
the presentation.
Mr. Sola Falodun led the OESL
team comprising Dr. Olushola
Ismail, Samuel Umeh while
Olasunmbo Olajubu provided
necessary business
communication support.
Sola Falodun, Business Development Manager, Oando Energy Services presenting to the National
Content Development Team
(R) Sola Falodun and Engineer C. P. Okorie of the National Content Development monitoring
department
Oando Sponsors Ohada International Conference
On the 3 rd of June 2009, the
Organization of
Harmonization of
Business Laws in Africa
(OHADA) held its international
conference and book
presentation at the Metropolitan
Cub Victoria Island, Lagos.
The objective was to create
awareness and bring knowledge
of Ohada’s Laws to the
doorsteps of all stakeholders
whose businesses cut across
borders in Africa.
Oando participated in this
conference and book launch at
a Platinum Sponsorship level to
show support and interest in
business laws that would guide
business practices in Africa. As
Nigeria’s leading integrated
energy group with a dual listing
on the floor of the JSE Limited
and the Nigerian Stock
Exchange (NSE), Oando has
expanded its business
operations into sub-Saharan
Africa to enhance its profile as a
world class company driven by
excellence and dynamism.
Present at the occasion were the
Corporate Secretariat and Legal
Services team led by Mrs.
Oredeji Delano and Mrs. Ronke
Sokefun respectively.
(R-L) Fidelis Oditah, SAN, Justice Idris Kutigi, Chief Mrs Bola Williams, SAN and Admiral Mike
Akhigbe (rtd)
Cross section of participants at the conference
9 OandoNews

Oando Shared Services Centre Holds Retreat
Joseph Soalheira, an
Advisory Board Member
Shared Services
Organisation Network (SSON)
was invited from Australia to
facilitate a two-day retreat on
“Organisational Culture and
Change”. He has 10 years
experience in Shared Services
Management, including
extensive experience in the
design, set up and management
of Shared Services initiatives.
The retreat held at Victoria Crown
Plaza, 292B Ajose Adeogun
Street, Victoria Island.
The retreat focused on improving
the Shared Services knowledge
of the Shared Services team.
Corporate governance, process
management, best practices
and performance to achieve
maximum efficiency in a shared
service organisation were also
some of the key topics
discussed.
He acknowledged the
innovative and pioneering
attitude of Oando in inculcating
best practices and adoption of
a Shared Services Centre.
It was a rewarding and insightful
experience for all the attendees
as it focused on sound
principles on the rudiments of
operating a world class Shared
Services which includes
challenges, risks and
continuous improvement on
current trends in a fast growing
company like Oando.
Joseph Soalheira presenting to the Oando Shared Services Team
Ethics of Corporate Loyalty
Oando Marketing limited is
the nation’s leading oil
retailer, with one in every
five litres of petroleum products
being sold or distributed by
Oando via its 500 retail outlets
and strategically located
terminals, we have continuously
ensured products supply and
availability in Nigeria and West
Africa.
Reading this on the intranet and
in the pages of newspapers
gave me satisfaction and almost
a feeling of complacence about
our position in the petroleum
marketing industry. However I
have noticed a rather unusual
trend among staff of the
company which I must admit I
used to be guilty of.
A simple question I would like to
put to everyone is how many of
us ensure that our cars and
generators are fueled with petrol
(PMS) or diesel (AGO) and
engine oil (the Oleum Range)
from Oando filling stations, that
our cookers burn from gas (LPG)
provided by Oando, that the
insecticide that we use at home
is Oando insecticide. If your
answer to the above is yes then
my next question would be how
many of us ensure that members
of our families, our neigbours our
friends use all these products.
The truth about this, is that staff
of Oando Plc should form our
baseline strategy to help market
our Company and the products
that it offers. I mean if we don’t
believe in using our products
how can we convince other
people to use our products.
Truly we should not really be
trying to convince staff to do this,
it only just follows that all staff
should and must patronize
Oando products, after all, this is
where we get our means of
livelihood, it is only fair that we
show our loyalty by investing
back into the Company, by not
only patronizing its products but
also ensuring that we as a matter
of fact convince every member
of our family, friends, neigbours
and indeed everyone we come
in contact with to patronize
Oando products. Doing this is
only indicative of the passion
which we have for our
organisation.
Now lets do a quick arithmetic;
as of 2008 there were 431
employees in Oando, supposing
each person has a car and uses
on the average about N6000 a
week to fuel their car, this
translates to a guaranteed
annual income of N 134,
472,000.00 (whao!) and that is
just from staff of Oando Plc! the
multiplier effect when we add
potential sales to family members
friends, neighbour’s etc will
certainly add to more income for
the company, and this is only
from PMS sale.
It is certainly a sorry sight when
we see an Oando employee
patronizing products of
competitor companies, it does
not send the right message to the
consuming public and certainly
does not portray our Company in
the right light. I urge all Oando
employees to ensure that they
form part of the marketing force
of our Company by patronizing
our products and convincing
friends and family to do same.
(Reminder! please read the
GCEs message on page 10
of the Oando News for Q1)
OandoNews 10

Social Diary
Oando Staff Weddings
Osolima (EHSSQ, Onne) & Emmanuel at their Traditional Wedding ceremony in
Kalabari IYA, Buguma, Rivers state on Friday, 8th May, 2009
The newly weds, Osolima & Emmanuel at ST.Cyprian Anglican Church, Port
Harcourt, Rivers State on Saturday, May 16th, 2009
Ubong Joseph (OML-FIN) & Uduak Joseph during their church wedding which
took place on Saturday, 16th May, 2009 in Lagos
Ayodeji & Bisi Omotoso (PA to GCE) on their engagement day on Wednesday,
3rd June, 2009
Seun Ogunniyi (Manager, HCM) with his wife Ifeyinwa Adaora, during their wedding
at RCCG Mercy Place, Lekki on 16th May, 2009
The Ogunniyi’s during their traditional weddingceremony at Idi, Ekirusigo LGA,
Anambra State
The omotosho’s during their wedding reception party at the Moore House Sofitel,
Ikoyi on Wednesday, 10th June, 2009
11 OandoNews