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Oando Energy Services Marks 4 Years Zero LTI on Teamwork Rig

January 21, 2014, (Lagos, Nigeria): Oando Energy Services Limited (“OESL”), an Oando PLC subsidiary and Nigeria’s leading indigenous operator of swamp drilling rigs services, achieved four years of continuous operations without a Lost Time Incident (LTI) on “OES Teamwork,” one of its four rigs on Monday, January 20, 2014.

LTI is the amount of injury sustained on the job, capable of obstructing a worker from the execution of a task or results in downtime in operations. It is an oil and gas industry benchmark that estimates adherence to safety and environmental requirements in the course of operations.

Commenting on the milestone, OES CEO, Mr. Bandele Badejo said: “LTI is a vital Key Performance Indicator (KPI) for best practices in the oil and gas industry, and I applaud the “OES Teamwork” crew for their hard work, resolve, and diligence which contributed to this achievement despite the barriers faced in the course of carrying out their responsibilities. The charge going forward is to sustain this great safety track record, ensure we maintain focus on the daily activities that lead to LTI free operations on all OES rigs, and to continuously identify areas for further improvement.”

“OES Teamwork” rig has worked on some of Nigeria’s well-known oil industry projects, and was one of the first rigs to drill in the Niger Delta region of the country. The 3000 HP swamp drilling barge equipped with 10,000 psi Blow Out Preventers (BOP) systems, has operated within the area for the past 20 years.

Also commenting on the achievement, Chief Environmental, Health, Safety, Security and Quality Officer, Mr. Chijioke Akwukwuma congratulated OES for achieving a significant industry milestone. “The EHSSQ performance of the OES team continues to make us proud, and the achievement of over four million man hours without an LTI on all our rigs demonstrates what can be attained in the midst of substantial challenges. We are extremely passionate about safety at Oando, and we will continue to inculcate this culture among our employees.”

OES has invested over $450 million in the acquisition and upgrade of its four rig fleet, and continues to invest heavily in asset maintenance and integrity programmes with the aim of fully optimizing operational growth and performance.

Ends.

For more information, please contact:

Ainojie ‘Alex’ Irune

Head, Corporate Communications

Oando PLC

2 Ajose Adeogun Street,

Victoria Island,

Lagos, Nigeria.

Email: airune@oandoplc.com

Tel: +234 (1) 2702400 Ext 6376

DL: 01-2805593

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