Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,910,998 members, 7,022,712 topics. Date: Thursday, 18 August 2022 at 05:58 AM

Nestoil celebrates 28 Years of evolution (photos) - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Nestoil celebrates 28 Years of evolution (photos) (21050 Views)

Nestoil 59 Hectares Facility In Abuloma, Port Harcourt (photos) / CAC Registers 3,098,193 Companies In 28 Years / Nestoil To Complete OB3 Gas Pipeline To East By March 2019 (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 2:16pm On Nov 20, 2019
Ernest Azudialu-Obiejesi

Whatever the mind can conceive and believe, it can achieve ― Napoleon Hill, The Author of Think and Grow Rich)

I started the Nestoil story from this quote by Napoleon Hill, because ours is a story of impossibility made possible by refusing to let go of a vision even when it seemed that the reality, as at the time of birthing the Nestoil vision, did not fit the grand nature of what it is today.

I recall our humble beginning from a one-room office at Idumagbo, at a time you could count the number of indigenous businesses offering services in the upstream sector of the Nigerian Oil and Gas Industry. We had a vision to grow a value chain linkage across the Oil and Gas industry starting with Engineering, Procurement, Construction and Commissioning services. We started at a time when the Industry was dominated by international service companies who had experience, technical know-how and access to funds which could not be matched by indigenous startups like us.

Ours was indeed an audacious vision without corporate muscle, track record or financial wherewithal, yet we chose to believe in that vision, and not only believe in the vision but to fight for that vision and to bring it to pass!

Celebrating a Milestone

Today is a historic day in the life of Nestoil, our flagship brand and the forerunner of the many other brands in what we now know as the Nestoil Group. What you are witnessing today may seem like the unveiling of a mere logo. Ladies and gentlemen, it is much deeper than that. Today carries a lot more significance for me and for the entire Nestoil family. There are a number of celebrations entwined into this singular event.

First it is the celebration of focus, determination and vision over despair. As I sat in the audience and watched video after video showcasing the sheer capacity and impact of the companies under the Nestoil umbrella, I could not help but reminisce on how it all began 28 years ago when at no. 17 Idumagbo Avenue, I took the audacious step to incorporate Nestoil Limited. In those days, local content was a mere imagination and indigenous companies who dared to play in the Oil and Gas industry were at the behest of multinational IOCs. [b]This was the situation in 1991 when we dared to dream that one day, Nestoil would be the face of local content in the Oil and Gas industry. With all sense of humility, I am proud to stand before you and proclaim that indeed we have fulfilled that dream.

Truly we are the face of local content in the Oil and Gas industry. We have footprints in Dredging, Marine Logistics, Industrial Fabrication, Engineering Design, Civil and Maintenance Engineering, Dry Docking and Exploration and Production. We are active players in the downstream, midstream and Upstream.

Our services span across the entire value chain of the Oil and Gas industry. This is the true reason for today’s celebration.

While we celebrate the unmistakable, ‘never say die’ Nestoil spirit, we cannot but acknowledge the role a number of you played in seeing us to this day.

We must thank the Almighty God, without whom we would not even be here, let alone celebrate anything. Our story is that of divine intervention, protection and grace. We remain eternally grateful to God.[/b]

We specially appreciate the International Oil Companies who gave us an opportunity to work with them and prove our mettle at a time when they were not compelled to work with us as there was no Local Content Law in those days, yet they went beyond the bounds of sentiments and moral suasion to deal with this young local player whose only claim to fame was the proverbial ‘can-do’ spirit. We are glad we did not disappoint you. Even as we today work with the best of the IOCs, hybrid players and other local players in the industry, showing a track-record of performance and raising the bar of local content in our industry, we cannot forget our humble beginning.

For the bankers, I thank you for believing in us then and believing in us now. For without funding, how far could we have travelled with international service companies who had the backing of their head-offices and the financial institutions? Yet you chose to take a gamble on the then small business that chose to swim in a big ocean. I am happy that gamble paid off! That is why today’s celebration is as much yours as it is ours. Thanks for believing in us; we hasten to state that we shall not let you down. It is not yet Uhuru. We are not there yet but with your support, we have no doubt that we shall get there.

We would also like to acknowledge the contribution of the Nigerian government to our success. Enabling legislation such as the Local Content Act and other related policies have supported a number of indigenous players including Nestoil. Indeed, government institutions, such as the Nigeria Content Development and Monitoring Board (NCDMB), NNPC and the DPR, have engendered the spirit of positive consideration for competent local manpower, equipment and expertise.

For our partners, customers and business stakeholders, we appreciate the business you give us and your continued belief in our ability to deliver exceptional value.

Twenty-eight years ago, the Nestoil brand was born, not so much out of necessity but more as a grand vision that saw the need for Africans and indeed Nigerians to play a leading role in the oil and gas ecosystem. So while a lot of others saw this as a tall vision and a pipe dream, we saw an Africa arising from years of dependence on the rest of the world for Engineering and Technology solutions, to one that is able to harness and prudently manage her God-given resources using proprietary solutions made by Africans for the world. That was the vision that compelled the birth of Nestoil, that is the vision that still leads our way into the future.

The Search for the Next Frontier – The Journey of a Restless Spirit

Today, we have a respectable presence in the industry from our 59-hectare industrial park in the Niger-delta with over 3000 staff mostly made up of Nigerians . I make bold to say that it has not been easy. No good thing ever came out of the place of comfort. You always have to fight for what you believe in. This is one example for our young ones who are daily being serenaded by the destructive ‘get rich quick’ syndrome which pushes them into all forms of shady businesses.
I must say to you today that the only wealth that endures is the one that is painstakingly built. I have been variously accused of being a front to so many persons. The only difference in my case is that I am yet to meet those I am said to be fronting for. Indeed, success has many detractors, but my advice to young men and women here is to please keep your eyes on the ball.

Of course, again, some say that there can be no great feat without a godfather, and that to make great wealth or business happen, you must be fronting for one big elephant in the form of a politician or even government. Again, this is another wrong notion. This is not our story. You have seen our story for yourselves today. We remain a responsible brand working in tandem with the government and our host communities. Our vision remains to continue to be a private sector value creator for Nigeria and for posterity. So, our advice is that it is time we begin to think, not just of today but of tomorrow.

So, after 28 years of evolution, of successes and sometimes failures; after so many years of tentative steps and steady steps; we believe it is time to reposition for the challenges that lie ahead.

The oil and gas industry is one with a number of dynamics. There are different catalysts that orchestrate the disruptions in the industry – some we already know; some we are yet to know. However, one thing is clear – it is only companies that are well positioned for inevitable change that will continue to survive.

What you are about to witness today is the unveil of a new and refreshing brand identity that replicates the dynamism that is inherent in our corporate persona. Today’s exercise is symbolic in many ways. As we unveil a new identity, we are making a fresh commitment to exceed the expectations of stakeholders at all times.

Today’s unveil of a new corporate identity comes with new vigour to continually deliver exceptional value to you, our most revered stakeholders. Without you, there is no Nestoil. We therefore commit to you today that even as we have delivered value in the past, we shall deliver even more value onwards.

Thank you for staying the course with us. We look forward to an exciting time of mutually beneficial partnership for the good of the Oil and Gas industry and indeed for our great country, Nigeria.

Being excerpts of the speech delivered by Dr. Azudialu-Obiejesi, Group Managing Director of Nestoil Group, at the rebranding dinner of the company held in Lagos last Thursday.

https://www.thisdaylive.com/index.php/2019/11/20/the-beginning-an-unlikely-vision/


https://www.youtube.com/watch?v=0px05lbFKOI

5 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 3:02pm On Nov 20, 2019
Nestoil Truly the face of local content in the Oil and Gas industry in Nigeria. They have footprints in Dredging, Marine Logistics, Industrial Fabrication, Engineering Design, Civil and Maintenance Engineering, Dry Docking and Exploration and Production. They are active players in the downstream, midstream and Upstream. Their services span across the entire value chain of the Oil and Gas industry.

13 Likes 3 Shares

Re: Nestoil celebrates 28 Years of evolution (photos) by Nobody: 3:10pm On Nov 20, 2019
Hugh
Re: Nestoil celebrates 28 Years of evolution (photos) by horsepower101: 3:17pm On Nov 20, 2019
What’s the progress on the eastern gas line?

4 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by imiski(m): 3:32pm On Nov 20, 2019
Congratulations sir. Sucessful brands like this inspires young entreprenuers like us. I have tried many times at setting my own brand, but 'have not been very lucky. I know one day my story will be a motivation to others.

54 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by IGBOSON1: 3:46pm On Nov 20, 2019
Before all these indigenous oil servicing coys it was all about the Schlumbergers, etc! Now you hardly hear of these foreign coys anymore!

18 Likes 2 Shares

Re: Nestoil celebrates 28 Years of evolution (photos) by IGBOSON1: 3:53pm On Nov 20, 2019
Anambralstson:
Nestoil Truly the face of local content in the Oil and Gas industry in Nigeria. They have footprints in Dredging, Marine Logistics, Industrial Fabrication, Engineering Design, Civil and Maintenance Engineering, Dry Docking and Exploration and Production. They are active players in the downstream, midstream and Upstream. Their services span across the entire value chain of the Oil and Gas industry.

Anambra1stson, you know if NESTOIL has presence in other African countries? It would be a good idea to bid for jobs in the oil/gas industry of other countries, so you don’t keep all your eggs in one basket (Nigeria)!

8 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 4:04pm On Nov 20, 2019
IGBOSON1:


Anambra1stson, you know if NESTOIL has presence in other African countries? It would be a good idea to bid for jobs in the oil/gas industry of other countries, so you don’t keep all your eggs in one basket (Nigeria)!
I know three of his companies are listed in London Stock market.

8 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by SalamRushdie: 4:10pm On Nov 20, 2019
imiski:
Congratulations sir. Sucessful brands like this inspires young entreprenuers like us. I have tried many times at setting my own brand, but 'have not been very lucky. I know one day my story will be a motivation to others.

Keep going , entrepreneurship is for the chosen brave , we fall 9 times we get up 11 times

16 Likes 3 Shares

Re: Nestoil celebrates 28 Years of evolution (photos) by SalamRushdie: 4:12pm On Nov 20, 2019
These are the men we should celebrating in Nigeria not Tinubu , Buhari or MC Oluamo

32 Likes 2 Shares

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 4:15pm On Nov 20, 2019
More

1 Like

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 2:34pm On Nov 22, 2019
More from the event
Lalasticlala

2 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 2:38pm On Nov 22, 2019
More

1 Like

Re: Nestoil celebrates 28 Years of evolution (photos) by Anambralstson: 6:45pm On Nov 22, 2019
Nestoil recently unveiled their new brand identity, solidifying their position as the leading indigenous EPCC service provider in the oil and gas industry in Nigeria. Here are some highlights from the event.



Lalasticlala

2 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by Nobody: 8:14pm On Nov 22, 2019
Nice one..
Re: Nestoil celebrates 28 Years of evolution (photos) by Narldon: 8:20pm On Nov 22, 2019


.

6 Likes 2 Shares

Re: Nestoil celebrates 28 Years of evolution (photos) by qanda: 8:22pm On Nov 22, 2019
Re: Nestoil celebrates 28 Years of evolution (photos) by Opeyemi95(m): 8:23pm On Nov 22, 2019
Congrats
Re: Nestoil celebrates 28 Years of evolution (photos) by Nobody: 8:23pm On Nov 22, 2019
Nestoil is big. Congratulations to them.
Their building in Victoria Island is a beauty.

For high scores in IELTS, send a mail to editus dot ng at gmail dot com. A competent private tutor will respond immediately. Don't take that exam more than once.

4 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by centilad(m): 8:23pm On Nov 22, 2019
Watching over your loved ones while you're far away has gotten easier. Talk to the surveillance team today:

Re: Nestoil celebrates 28 Years of evolution (photos) by OkCornel(m): 8:24pm On Nov 22, 2019
Kudos to indigenous enterprises thriving (ethically) in a somewhat harsh operating environment.

It’s a testimony to undeniable resilience.

5 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by Hisxellency: 8:25pm On Nov 22, 2019
Congratulations to them..

Nestoil to the world!!

1 Like

Re: Nestoil celebrates 28 Years of evolution (photos) by Nobody: 8:25pm On Nov 22, 2019
I celebrate with you guys.

Well done.

1 Like

Re: Nestoil celebrates 28 Years of evolution (photos) by Ayoswit(f): 8:25pm On Nov 22, 2019
Great
Re: Nestoil celebrates 28 Years of evolution (photos) by Amhappy(f): 8:28pm On Nov 22, 2019
Congratulations is in order. Bravo
Re: Nestoil celebrates 28 Years of evolution (photos) by RTSC: 8:29pm On Nov 22, 2019
See bovi smiling like a sheep.

His bank account is smiling as well.

1 Like

Re: Nestoil celebrates 28 Years of evolution (photos) by Kingkzee(m): 8:31pm On Nov 22, 2019
Hi

Re: Nestoil celebrates 28 Years of evolution (photos) by RTSC: 8:31pm On Nov 22, 2019
Peter obi is always Private sector friendly.

6 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by Amuluonyenaego: 8:32pm On Nov 22, 2019
our money kiss
Re: Nestoil celebrates 28 Years of evolution (photos) by RTSC: 8:37pm On Nov 22, 2019
IGBOSON1:
Before all these indigenous oil servicing coys it was all about the Schlumbergers, etc! Now you hardly hear of these foreign coys anymore!
The local content law is one of the most beneficial laws since the beginning of Nigeria.

7 Likes

Re: Nestoil celebrates 28 Years of evolution (photos) by winterfell007(m): 8:38pm On Nov 22, 2019
To be the honest, they are becoming a giant in the EPC industry

6 Likes 1 Share

Re: Nestoil celebrates 28 Years of evolution (photos) by Nobody: 8:40pm On Nov 22, 2019
IGBOSON1:


Anambra1stson, you know if NESTOIL has presence in other African countries? It would be a good idea to bid for jobs in the oil/gas industry of other countries, so you don’t keep all your eggs in one basket (Nigeria)!

The basket in Nigeria is more lucrative than the others. And the exact same factors of connections and politics come into play when venturing into those other African nations... for less the reward.

Nestoil is doing very well here with a pivot in SS and SE. No better alignment.

3 Likes 2 Shares

(1) (2) (3) (Reply)

Niyi Makanjuola Of Caverton Is Behind Visionscape - Feyi Fawehinmi Investigates / Did Your Account Get Closed By Your Bank For Trading Cryptocurrencies? / Concern For Investors As Access Bank, FCMB Others Lose ₦1.7 Billion To Fraud

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 152
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.