IDSL operates commercially and markets world class Geophysical, Geological, Reservior Engineering, Data Storage and Management Services.
- Seismic Data Acquisition (Acquisition of 2D, 3D & 4D Seismic Data on Land, Swamp, Transition and Marine).
- Seismic Data Processing (Geophysical Processing of 2D, 3D & 4D Land, Swamp, Transition and Marine Data).
- Reservoir Engineering Services (Engineering study of the Oil & Gas Reservoir for optimum and efficient Reservoir performance).
- Data Storage and Management Services (Provision of Data Storage and Management services for all data acquired from E&P operations).
CURRENT BUSINESS DIRECTION
IDSL currently operates a 100% wholly owned Seismic Acquisition Crew.
The subsidiary is also in Joint Venture with multinational Oil and Gas servicing companies in Nigeria, including:
- United Geophysical Nigeria Limited (UGNL)
- Pioneer-Alfa Petroleum Services Limited (PPS)
- Bureau of Geophysical Prospecting (BGP)
Some of the subsidiary’s clientele include:
- PAN OCEAN
- STAR DEEP
IDSL is currently in the Chad Basin, collaborating with BGP, a subsidiary of the Chinese National Petroleum Corporation (CNPC), to acquire Seismic Data.
Seismic acquisition activities are also currently going on in the Niger Delta areas, including Edo, Delta and Ondo States.
IDSL’s Data Processing Centre (DPC), located in Port Harcourt, has had a 3-year consecutive massive upgrade and currently has the largest processing capacity in Nigeria.
The Reservoir Management Services include Oil and Gas Field Studies, Reservoir Management Studies, Unitization Studies, Geological and Petrophysical Studies. The department is also involved in research and studies of the Frontier Basins to discover potential areas for commercial crude oil development in Nigeria.
There has been massive renovation and expansion of the Data Storage and Management facilities at the headquarters in Benin.
State-of-the-art and current technologies are utilised in IDSL operations and the Management is committed to the professional and on-hands development of the workforce.
In a dynamic industry, such as the Oil and Gas sector, IDSL is harnessing all its resources to ensure quality service delivery to its clients.
The Company operates a Health, Safety, and Environment (HSE) policy that ensures care for the local and global environment. Its Corporate Social Responsibility (CSR) initiatives are also geared towards the betterment of the host communities and other publics.
IDSL is working very hard to add to the port-folio of services it is rendering to the oil industry. The long term objective is for IDSL to be on its own to acqualize its vision of becoming the ultimate center for the provision of Geophysical and Petroleum Engineering Services in the world Oil and Gas Industry.
IDSL DIVERSIFIES TO BOOST REVENUE DESPITE COVID-19 PLUNGE AT 2020 EARNINGS
The integrated Data Management Services Limited (IDSL) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has commenced activities to expand its business portfolio domestically and internationally. These new areas include: Data Democratization, Cloud Storage, Disaster Recovery, Well Intervention, Colocation and Environmental Management Services that may not easily be affected by the fluctuations in the global Oil & Gas markets.
The chairman of the IDSL board Engr. Yemi Adetunji who doubles as the Chief Operating Officer, (COO) Ventures and Business Development of the NNPC disclosed this at the 25th Annual General Meeting (AGM) of the company which held virtually on Thursday 22nd July, 2021. He stated that the year 2020 saw one of the most severe recessions that the world had witnessed in about five decades. The global economy shrank by 3.5% in 2020 when compared to 2.6% growth in 2019.This was consequent upon the Covid-19 pandemic and the global lockdown that affected businesses in the world. This decimated the demand for oil and impacted negatively on the African economy and our local economy.
Our domestic economy took a major hit occasioned by its heavy reliance on the oil and gas sector, which had a negative effect on the Nigerian business environment. This resulted in the contraction of Nigeria's annual GDP by 1.92% in 2020 as compared to 2.2% growth in 2019. These shocks were compounded by the decline in oil prices, ENDSARS protests, OPEC production cuts, Russia & Saudi price war, insecurity etc. These activities characterised our operating environment in 2020 and had a significant impact on our revenue.
The Covid-19 pandemic and other factors turned 2020 into a year of unprecedented economic downturn with most businesses taking severe hits and the Oil and Gas industry was not spared. IDSL redesigned its business operations, looked at her current realities and realigned its portfolios and processes. As a result, it was able to deliver value to its stakeholders by prioritizing the safety of her operations, staff, clients, partners and communities.
Our perseverance made the company achieve some notable achievements during this turbulent period. IDSL's data processing centre processed a total seismic data of 1,672.52Lin km of 2D land, 4,559.59sq.km of 3D land and 60.875sq.km of 3D marine. This amounted to 51% of 3D land data compared to 3,022.56sq.km processed in 2019. The Exploration and Reservoir Management Services department carried out a total of eight (8) reservoir studies and one (1) well site service. Three (3) of the eight (8) wells and the well site service were successfully completed. The Data Storage and Management Service department increased total stored media from 113,831 in 2019 to 120,824in 2020 representing a 6% increase. A total of 144 tapes and 500 tapes / cartridges were copied and retrieved respectively in 2020. A total of 5,567,300 curved feet of well logs were digitalised during the period under review.
The company maintained five (5) JV crews for land / swamp seismic data acquisition and acquired total volumes of 637.06Lin of 2D land and 659.93sq.km of 3D land compared to total volumes of 1,172.92Lin.km of 2D land and 754.53sq.km of 3D land in 2019. IDSL also obtained the International Organization for Standardization (ISO) certification for Quality Management Systems (ISO 9001), Environmental Management Systems (ISO 14001) and Occupational Health and Safety Management Systems (ISO 45001).
Despite these challenges IDSL recorded a modest financial performance with a positive bottom line with a revenue of ₦18.71B representing 45% of the targeted revenue for the year, while the profit after tax stood at ₦488M.
During the AGM the Acting Managing Director Mr. Olufemi Sijuade expressed gratitude to IDSL's clients and attributed the achievements of 2020 to the resolve of her board, management and staff under the direction and guidance of the Group Managing Director (GMD) Mallam Mele Kolo Kyari. This was despite the pandemic, downward reviews of contracts and other challenges.
He further pledged IDSL's commitment towards adding value to her society without compromising profits to her stakeholders. The company also executed some Corporate Social Responsibility (CSR) projects which included ICT infrastructure, job creation, building of lockup shops etc. This has fostered a positive relationship between IDSL and her host communities.
He reiterated the commitment of the executive management team and staff towards building a strong, reliable and strategic business unit for NNPC and her stakeholders.
IDSL & Oko Community Pledges to Maintain Cordial Relationship.
The Integrated Data Services Limited (IDSL) and Oko Community has pledged to work harmoniously to build and sustain the cordial relationship that exists between them. This was disclosed during the 3rd quarter Community Relations Meeting (CRC) held on Tuesday 7th September, 2021 at the IDSL headquarters in Benin City.
In her opening remarks the Chairman of the CRC and Manager PAD IDSL Mrs. Ngozi Eture-Edhebe thanked members of the Oko community for ensuring a peaceful environment for IDSL's operations. In her words "IDSL values her relationship with Oko community, as we are partners in progress" she implored members of the CRC to take the 3rd wave of the Covid-19 pandemic seriously as it's not a myth but reality.
In his response the alternate chairman of the CRC Chief Vincent Oriakhi thanked IDSL for the support over the years and promised to ensure the sustenance of the peaceful environment between the company and the host community. The community also made some Corporate Social Responsibility (CSR) demands which includes:
1. Renovation and fencing of Oko community health centre
2. Drilling of borehole
3. Provision of security for Oba Ewuare community school
The Deputy Manager Community Relations, Mr. Waribo Cookey informed the community representatives that all their demands have been heard, but nonetheless all CSR projects are subject to availability of funds as Covid-19 pandemic has affected IDSL's operations drastically. He also advised the community to harmonise these various projects into one big ticket item to enable easier implementation by IDSL.
The quarterly interactive session is in furtherance of IDSL's continuous stakeholders' engagement to build sustainable relationships between the company and her host communities. The meeting was attended by some IDSL staff led by the Manager PAD and five members of the host community led by Chief Oriakhi. The CRC resolved to work together to ensure a mutually beneficial relationship to both parties.
36, Ogba Road, Oko
Benin City, Edo State
Tel: +234 – 52- 842747-9
Abuja Liaison OfficeRoom 16, 1st Floor, Block D
NNPC Towers, Abuja
Tel: +234 – 9 – 84133/84187
Lagos Liaison OfficeCluster D
Block D1, 7th Floor, Flat 717
Victoria Island, Lagos
Data Processing CentreNNPC Life Camp
Eleme Petrochemical Complex
Eleme, Port Harcourt