In a landmark move, Oando, one of Nigeria’s leading energy companies, has unveiled plans to integrate Artificial Intelligence (AI) into its drilling operations. This innovative initiative aims to enhance the efficiency, cost-effectiveness, and safety of the company’s drilling processes, marking a significant milestone in its digital transformation journey.
Speaking at the recently concluded World Economic Forum in Davos, Switzerland, Wale Tinubu, Group Chief Executive Officer of Oando Plc, shared this exciting development during an interview with CNBC Africa.
“We are thrilled to embrace the future of drilling operations by integrating AI,” Tinubu remarked. “This step will not only improve our operational efficiency but also reduce costs and ensure a safer working environment.”
AI-Powered Drilling for Enhanced Efficiency
Oando plans to deploy AI-driven sensors and real-time monitoring systems to revolutionize its drilling operations. These advanced tools will collect and analyze data, enabling the company to optimize drilling parameters, foresee and mitigate potential risks, and enhance overall operational performance. By adopting AI, Oando positions itself as a technological leader in the Nigerian energy sector, solidifying its reputation for innovation.
Introducing Electric Buses to Lagos
In another forward-thinking initiative, Oando has announced plans to introduce 5,000 electric buses to Lagos, Nigeria’s bustling commercial capital. Partnering with a leading electric vehicle manufacturer, these buses will be powered by renewable energy sources. Through its subsidiary, Oando Clean Energy Limited (OCEL), it began the proof of concept phase with the delivery of electric mass transit buses last year. This initiative is expected to significantly reduce Lagos’s carbon footprint, improve air quality, and provide a more efficient and affordable transportation system for residents.
“We are committed to reducing our carbon footprint and advancing sustainable development in Nigeria,” said Tinubu. “The introduction of electric buses to Lagos is a key step in achieving this vision, and we are proud to lead this effort.”
A Commitment to Innovation and Sustainability
Oando’s dual focus on AI integration and sustainable urban transportation exemplifies its dedication to innovation and environmental stewardship. Over the years, the company has consistently invested in cutting-edge technologies and initiatives to drive growth while minimizing environmental impact.
The electric bus project and AI-powered drilling are pivotal in Oando’s strategy to align with global sustainability goals. These initiatives underscore its commitment to addressing critical environmental challenges while improving operational efficiency and enhancing the quality of life for Nigerians.
Shaping the Future of Energy and Transportation
As Nigeria’s energy and transportation sectors evolve, Oando remains at the forefront of these transformations. The integration of AI into its drilling operations promises improved safety and efficiency, while the electric bus initiative is set to redefine urban transportation in Lagos.
These groundbreaking developments highlight Oando’s position as a leader in innovation and sustainability. By leveraging technology and championing environmental responsibility, Oando is paving the way for a more sustainable future, benefiting its stakeholders, the environment, and the communities it serves.
