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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Axxela Records 8 million Man-Hours With No Lost Time Injury

Axxela records 8 million man-hours with no Lost Time Injury 



By Favour Ifeoluwa & Akinola Ajibade 


Axxela Limited, sub-Saharan Africa's leading gas and power  company, has announced another impressive safety milestone. 
Axxela, a strong player in the mid-stream gas marketing and distribution,has its  headquarters in Victoria Island, Lagos.
The company has now achieved 8 million man-hours with no lost time injury (LTI), surpassing the previous 7 million man-hours LTI milestone achieved in 2023. 
According to the company 'Chief Executive officer, Mr Bolaji Ogunsanya, the  achievement has affirmed the decision of Axxela to  strictly adhere to best practices and safety standards across its assets management, operations, and people.
He further expressed his satisfaction on the company's achievement. "We are proud of this significant safety milestone, which underscores our deliberate focus on maintaining the highest standards in our environmental, health, safety, and quality management system. 
The achievement, Ogunsanya said, is a testament to the dedication and commitment of the company' entire team, who continuously strive to create a safe and secure working environment for everyone." 
Continue further, he said the firm's achievement of 8 million LTI-free manhours is not just a statistical feat, but a reflection of its  unwavering commitment to operational excellence and the well-being of its direct and indirect workforce. 
 The achievement, he said, reinforces the company's position as a leader in the industry, where its motivates and ensuress that safety 
 remains at the core of its  operations. 
Similarly, the  Head of Environmental, Health, Safety, and Quality (EHSQ), John Okoro said in his remarks,  "Maintaining a safe working environment is not merely a priority for the company; it is a core part of our corporate culture that has been embedded into all our processes.
 This achievement also echoes the effectiveness of Axxela's safety  protocols, training programmes, and effective oversight of its 
 project management. We are not resting on our laurels but will remain dedicated to our cause to uphold stringent standards of safety performance and ensure that every service provider, partner, employee, and other stakeholders return home safely to their loved ones."he said.
Okoro said that Axxela remains ever-alert to reducing the risks within its operations, adding that the company views the health and safety of its employees, contractors, and the environment as a top priority as governed by its water-tight Environmental, Health, Safety, and Quality (EHSQ) management system.


 

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