NIPS 2020: OVH Energy emerges Downstream Company of the Year


…As Shell, Total, Samsung also bag awards

OVH Energy, an Oando licensee and the second largest downstream petroleum business in Nigeria has been adjudged the Downstream Company of the Year 2019 at the Nigeria International Petroleum Summit (NIPS) 2020 in Abuja.

The company clinched the coveted award at the Patron’s Dinner and Industry Award held in recognition of exceptional services and the key role it has played in advocating for best business practices, as well as integration of technology and innovation in the sector.

OVH Energy is a joint venture between Helios, Vitol and Oando with assets comprising over 350 service stations in Nigeria with supporting infrastructure including 84,000 tonnes of storage and a newly built inbound logistics jetty in addition to complementary businesses, comprising LPG filling and distribution, lubricants and an interest in a supply and bulk distribution company in Ghana.

In a major feat during the year under review, ASPM Limited, a subsidiary of OVH Energy marked the receipt of its 100th vessel berth at the Lagos Midstream Jetty (LMJ) barely two years after it became fully operational, netting an average of four vessels every month. The Lagos Midstream Jetty, West Africa’s first privately owned midstream jetty, was rated the highest receiving jetty by CITAC during the month of June.

Since the official commissioning of the Jetty in October 2017, the facility has supplied over 3.8 billion litres of fuels, providing quick and safe discharge services, aiding government’s zero-fuel-scarcity drive, reducing significantly the demurrage costs associated with vessels waiting to berth, and enabling employment and skills transfer opportunities to Nigerians.

In the same period, OVH Energy received the ACCA Approved Employer Status in Professional Development and Trainee Development. The ACCA Approved Employer programme recognizes and rewards employers’ commitment to the highest standards in training and development for its employees.

Earlier in the year, the company announced its acquisition of brand new aircraft fuelling bowsers as part of its expansion plans to deepen its service offerings in providing energy solutions to players in the aviation industry. With a combined capacity of 88,000 litres, capable of dispensing up to 3,500 litres of aviation jet fuel per minute, these bowsers are designed to enhance safety and operational efficiency of partner companies.

In July 2019, OVH Energy entered into a partnership with ZOLA Electric, a solar energy solutions provider, as part of its efforts to provide more Nigerians with access to clean 24-hour power supply. The partnership offers Zola Electric access to OVH Energy’s 350 fuel service stations across Nigeria, as a strong platform to reach millions of homes and businesses with its solar power solutions.

As part of efforts to increase its market share of the lubricant market, the company recently installed two product filling lines at its Apapa Lubricant Plant, which is the first-of-its-kind in Africa.

Meanwhile, OVH Energy completed a major coup at the end of 2019 when it announced the appointment of Mumuni Dagazau as Chief Operating Officer of the Company. Mumuni Dagazau is a business strategist with over 30 years’ experience in the private sector. Prior to his appointment, he was Chief Operating Officer at AA Rano Nigeria Limited and is vastly experienced in establishing operational organizational optimization across diverse industries with core competence in the Oil and Gas sector.

Receiving the award at the event, Chief Executive Officer, OVH Energy, Huub Stokman thanked the organisers for the recognition and assured industry watchers of the company’s commitment to increase investments in the downstream sector of the petroleum industry.

Other recipients of recognitions at the event include First Bank- Oil and Gas Banker of the Year; Deep Blue Services- Marine Services and Logistics Company of the Year; Exxon Mobil- Award of Excellence for Technical Development; Total Nigeria- Project of the Year; NAOC/Eni- Local Content Operator of the Year; Samsung Heavy Industries- Technological Breakthrough Company of the Year; Global Processes and Pipeline Services (GPPS)- Oil Field Services Company of the Year; NDCMB- Local Content Champion 2019.

Others include Shell Nigeria Plc- for Excellence in Corporate Social Responsibility (CSR) Company of the Year; Nigerian Petroleum Development Company- Exploration and Production Company of the Year; MG VowGas Group- Best Local Content Company of the Year.

In addition, the Infrastructure Concession and Regulatory Commission (ICRC) and the Nigerian Content Development and Monitoring Board (NCDMB) received special recognition awards for Innovative Thinking, while special Industry recognition went to Dr Folasade Yemi-Esan, Acting Head of Civil Service of the Federation for her exceptional leadership qualities during her time as Permanent Secretary of the Ministry of Petroleum Resources.


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