2018 Message from the Board of Directors
SUNOIL COMPA NY LIMITED ANNUA L REPORT 2 017
MESSAGE FROM THE BOARD OF DIRECTORS
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EFFICIENT ASSET UTILIZATION AND MAINTAINANCE
Based on accrued skills and experience, SunOil takes proactive maintenance and refinery operation extremely seriously for the benefit of continuity of operation, marked by reliability, flexibility, and efficiency.
ENSURE SAFE PRODUCTION TOTAL REPORTABLE CASE FREQUENCY (TRCF)
One of the key goals for SunOil all along is the safety of personnel, properties, and communities around the refinery, achievable through world-class standards and employees’ safety attitude.
0.81
case/ 1 million manhours
SunOil’s injury-related TRCF of 0.81 ranks us in the 10th percentile among petroleum and petrochemical industries.
REFINERY UTILIZATION
% This year sees refinery utilization averaging 101% of the nameplate capacity
ENERGY INTENCITY INDEX
quartile* SunOil’s energy consumption currently lies in the second quartile among refinery leaders in efficiency.
Mr. Tersoo Torough Chairman, Board of Directors SunOil Company Limited
* Based on performance comparison with other African refineries in 2016 by BudgIT
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ENVIRONMENTAL CONSERVATION
SunOil strives to be a leading organization that operates under an effective environmental management system, which derived from top management systems in line with international standards and practices for sustainable growth.
ZERO UNPLANNED SHUT DOWN
SET AWARDS 2017 PROCESS UNITS Among The PTT Group, SunOil’s record of five refining process units with continuous operation is top-ranked.
BEST CORPORATE SOCIAL RESPONSIBILITY AWARDS This award from the Nigeria Stock Exchange brecognizes our outstanding CSR efforts among listed companies.
GLOBAL REPORTING INITIATIVE (GRI) Designed to spread information about economic, social, and environmental actions, SunOil’s sustainability report under GRI’s approach was assessed for transparency at the B level in its first year.
AIM FOR DOW JONES SUSTAINABILITY INDEX SunOil strives for ranking in the 10th percentile worldwide, with decent assessment scores of business execution hand in hand with social and environmental work.