History and Future Strategy of Oando
Future Strategy - Main Capital Projects
68,000 MT
Terminal facility upgrade
Oando
Project
APAPA
TERMINAL
UPGRADE
Description
Upgrade in facilities to optimize storage
capacity within the bounds of available
space in the Terminal but in-line with
International best practices and design
requirement
Rationale
Maximization of vessel receipts for marketers via the ASPM
• Increase in Terminal storage capacity by 230% from 29 million litres to
98million litres
Cost Savings of current 3rd party fees being spent on product storage
due to lack of own capacity. Terminate lease agreement with 3rd Parties
as all volumes will be received into Apapa Terminal via the SPM facility
2015
Current
• Complete tank 4 construction Commence
Reconstruction of Tank 2
Issue PO for Terminal phase 1 upgrade works
• Commence Phase I execution works
2017
Mid-Term
• Complete Reconstruction of tank 2
• Complete execution of phase |
upgrade works.
• Issue PO for phase II execution
works
2019
Long-Term
Complete phase III execution works
• Commence phase IV execution works
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