C & I Leasing Plc teams up with Asian Experts – OCS Services DMCC in Joint Venture to operate and maintain floating offshore assets in Nigeria

C & I Leasing Plc, the foremost Nigerian brand for finance leasing which has evolved to a business service conglomerate with massive investments in fleet and marine logistics support has announced a joint venture partnership with OCS Services DMCC (OCS) India. The Joint venture which shall operate in Nigeria under the brand name OCS Integrated Services Nigeria Ltd (OCSISNL) has been set up to operate and maintain offshore assets with emphasis on floating production storage and offloading (FPSO) units used by the offshore oil and gas industry for the production and processing of hydrocarbon and storage of oil. According to the MD C&I Leasing Plc- Mr. Andrew Otike-Odibi; “this joint venture is expected to offer excellent, differentiated service to businesses in the Nigerian Oil and Gas sector by leveraging on the cumulative decades of experience and expertise from both organizations providing offshore support in Africa and Asia along the lines of business process outsourcing, personnel management, offshore vessel operation and maintenance”. He went on to say that the joint venture operating as ‘OCSISNL’ is also committed to impacting the sector by identifying and nurturing talent in the sector and creating prospects for more jobs and skill development opportunities for interested young Nigerians. The Senior Vice President – Operation and Maintenance; Sangram M. Dhote also revealed that OCSISNL intends to introduce a collaborative growth agenda to the Nigerian Offshore business environment. He said the joint venture has a remarkable potential to provide a win for all stakeholders and the merits of the partnership are undeniable. He further stated that OCSISNL will provide a perfect mix of technical expertise, operational efficiency, local understanding and quality service delivery. The brand was officially unveiled by the vice chairman
C&I Leasing Plc Chief Chukwuma Henry Okolo, on 27th, June 2019 at Radisson Blu Victoria island in Lagos with a group of stakeholders, investors, patrons and regulators of the Oil and Gas sector in Nigeria. C&I Leasing Plc serves both indigenous and multinational organizations in Nigeria along three business lines: Fleet Management, Business Process Outsourcing and Marine Services. The Company which has its shares listed on the Nigerian Stock Exchange since 1997 has been in operation since 1991 and is currently invested in two subsidiaries; Leasafric (Ghana) and EPIC International FZE (United Arab Emirates) in addition to six office locations in Nigeria. OCS Services has been providing offshore and marine maintenance solutions to major oil and gas companies worldwide for three decades. The company operates with offices in Singapore, India, Dubai, Brazil and Nigeria to assist clients working in different regions and time zones. OCS Services also has agents in Africa and other regions to assist clients with immediate requirements, improving reaction time to client needs.