Oando Energy Services Limited (OESL), a subsidiary of Oando PLC, has increased its rig count to five with the inauguration of OES Passion built at USD33mn. OES Passion was inaugurated at the weekend in Port Harcourt. Chief Executive Officer, OESL , Mr. Bandele Badejo, said Nigerians did most of the construction on the rig in compliance with the local content policy of the Federal Government. He said the rig was completed on record time, which is a reflection of the company’s desire to be a pacesetter in swamp drilling business and also to establish its integrity in the oil and gas service sector. Commenting, the Group Chief Executive of Oando Group Plc, Mr. Wale Tinubu, said the company’s entry into the rig business was not just to acquire rigs for drilling but to be the leading swamp contractor in the country’s oil and gas industry. Tinubu said the completion of the rig reinforces the business of doing business right and assured that Oando would ensure adequate maintenance of the rig in order to achieve maximum result. He said his company would deliver the fourth rig by September 2012. He said: "We will take maintenance of the project very seriously. We will ensure that nothing goes wrong with the rig because it is very important to our business. We are not just here to make money but to make business." The OES Passion project began on December 17, 2010 and was completed within 416 days onsite with zero injuries. Over 25 contractors were said to have participated in the project and 80 per cent local content went into it and recorded 408 days without Loss Time Injury. The rig, Tinubu said, has a 10-kilometre, 3000hp cantilevered swamp barge, with drilling depth of 25,000ft and 152/600k lbs derrick height and can accommodate 82 persons. Oando Energy Services Limited recently said one of its swamp drilling rigs services, OES Teamwork, in January this year, achieved a milestone of two years drilling operations without Loss Time Injury (LTI). Commenting on the development, Badejo said OESL Teamwork in the past year has successfully drilled, completed and worked over wells in the course of the campaign, without any major incident. The rig is a 3000 HP swamp drilling barge equipped with 10,000 psi blow out preventers (BOP) systems. It has an IDECO built mast and substructure with rated static hookload capacity of 1.5mn lbs and capable of drilling up to 25,000 ft.