NEWS
Nigeria - September 07, 2017
Nigeria’s Securities & Exchange Commission (SEC) refused a request to postpone Oando’s AGM over an ongoing investigation into corporate governance following…
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BACK TOCOMPANIES
Oando
Wale TINUBU
CEO
OANDO
We believe the private sector is best positioned to fill the huge gaps that remain in gas infrastructure investments.
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Promise in the private sector
Established as a petroleum product marketing company, Oando’s transformation into a fully integrated energy player took form in 2014 with its USD 1.5-billion acquisition of ConocoPhillips’ upstream assets in Nigeria. It holds interests in 14 licences. At present, the company operates through three main divisions: Oando Energy Resources, OVH Energy Marketing and Oando Trading.
- AKK pipeline: Oando and Oilserv agreed in April 2018 to build a roughly 300-kilometre portion of the line that spans from Ajaokuta to Kaduna. A flag-off ceremony for construction on the AKK project took place in mid-2020.
- NLNG deals: In December 2019, Oando secured two gas supply agreements with Nigeria LNG. The first agreement is for the renewal of gas supply for NLNG Trains 1 to 3 for a term of 10 years and the second is for gas supply for the upcoming Train 7 for a term of 20 years.
Today, the company’s total resource potential stands in excess of 500 million boe – with 479.8 million boe of 2P reserves and 146.9 million boe of 2C resources – and is spread over four assets situated in two geographical areas: OMLs 131 and 145 are in the Gulf of Guinea and blocks 5 and 12 are in the Exclusive Economic Zone.
Company website: www.oandoplc.com
Oando in figures
2018 average net production:40,023 boepd
Reserves as of 2018:More than 500 million boe
Oando features
NEWS
Nigeria - August 23, 2024
Nigeria’s Oando completed its USD 783-million acquisition of the Nigerian Agip Oil Company (NAOC) from Eni.
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NEWS
Nigeria - July 17, 2024
TotalEnergies will sell its 10% interest in Nigeria's SPDC joint venture to Chappal Energies for USD 860 million.
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Partnered Event
Nigeria - February 26-March 1, 2024
The Summit will be graced by the esteemed presence of His Excellency, Senator Ahmed Bola Tinubu, GCFR, President of Federal…
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Interview
Nigeria - April 03, 2023
Ainojie “Alex” Irune, president and CEO of Oando Clean Energy (OCEL), talks to The Energy Year about the work the company is…
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NEWS
Nigeria - July 17, 2017
The Nigerian Securities and Exchange Commission (SEC) has opened an investigation into Oando’s financial statements, local media reported over the weekend.
The…
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Nigeria - May 31, 2017
Plans by Eni’s local unit in Nigeria and domestic player Oando to rehabilitate the Port Harcourt refinery are in doubt after a Senate vote on Tuesday.
The body…
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NEWS
Nigeria - May 15, 2017
On Monday, Nigeria’s Oando said it was in talks with Agip on the rehabilitation of the Port Harcourt refinery. The Eni division has been called upon to help restore…
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NEWS
Nigeria - July 22, 2016
Nigeria National Petroleum Corporation (NNPC) is working to restore the country’s power generation capacity to 5 GW by the end of 2016, company executive Adeyemi…
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NEWS
Nigeria - November 27, 2015
Nigerian company Oando plans to build a gas processing plant with an investment of between $300 million and $350 million, the company’s head of gas and power said on…
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NEWS
Italy - September 24, 2015
The Croatian government postponed exploration on a number of oil and gas blocks, both on and offshore, until after the country’s general elections.
Agreements were…
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