Seplat Energy earns ISO 55001:2014 AMS certification
Indigenous independent company playing in the country’s petroleum industry, Seplat Energy Plc, has declared acquisition of significant certification for proficiency in asset management systems.
Seplat which listed on both the Nigerian Exchange Limited and the London Stock Exchange stated that with the ISO 55001:2014, it now stands out as the first energy company in Africa to achieve the feat in Standard Asset Management System.
Spokesperson, Dr Chioma Nwachuku, explains that ISO 55001 is the international standard that helps organizations to manage and optimize asset lifetime value effectively.
She said the certification would “deliver benefits both now and in the future by helping to improve the company’s bottom line, reduce risk, improve asset performance, and ultimately improve investors’ confidence in how Seplat Energy manages the asset.”
Dr Nwachuku added that the “ISO 55001:2014 Standard is a holistic business improvement tool that applies to many organizations in many different sectors.”
The certification followed a process audit which was based on sampling within the Western Asset operations of Seplat Energy, and Dr Nwachuku said the company’s team demonstrated Seplat’s commitment and provided evidence of conformity with thoroughly developed and implemented procedures and controls.
Full evaluation of the company’s overall business process efficiency, she said, proved convincingly sufficient for the effectiveness and sustainability of ISO 55001:2014 Standards.
According to Chief Executive Officer of Seplat, Mr Roger Brown, “This is another exciting moment for Seplat Energy especially being the first energy company to achieve this certification in Africa. We have built a leading energy company with what it takes to comply with world-class standards.
“With ISO 55001:2014 Standard certifications, we have proven that our strong performance over the years is not by chance but based on sustainable world-class processes established as part of our business to deliver sustainable energy solutions to society. We will continue to set the pace for others to follow.”
Chief Operating Officer, Mr Samson Ezugworie, stated the resolve of Seplat Energy to strive towards sustaining and continually improving the company’s Asset management performance as required by the ISO 55001:2014 Standard.
He added that the company appreciates that having a robust asset management system helps it make the most of its assets while balancing financial, environmental, and social costs, risk, quality of service, and performance.
Seplat Energy stated that it embarked on building an agile framework to reduce risks related to asset degradation and failure, build long-term resilience, achieve financial goals, and meet regulatory requirements following the ISO 55001:2014 Standard. Therefore, we are delighted to have attained this feat as the first in Nigeria and Africa to achieve the ISO55001:2014 certification.
Seplat Energy remains committed to seeking continuous improvement and growing its organizational resilience.
