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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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AKK Pipeline Project Ready First Quarter 2023


By Akinola Ajibade


The Group Managing Director ( GMD/ Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC) Mallam Mele Kolo Kyari, has said that the first  quarter of 2023 target set for the completion of Ajaokuta-Kaduna-Kano(AKK) pipeline is sacrosanct.

He said this, recently, while leading the Board Members of the Company on an official tour of Segment A sites in Abaji Area Council of the FCT, on Thursday.

Kyari, who was accompanied by other members of his Management Team, stated that as a result of activities around the AKK project, the country will see over eight billion standard cubic feet (scf) of gas injected into the domestic pipeline which will improve power generation, facilitate industrial development, create thousands of job opportunities and deepen domestic gas utilisation.

Kyari, who described the Ajaokuta-Kaduna-Kano Pipeline as “a signature project of his  administration”, said that it was time for Nigeria to take advantage of having the highest gas reserves in Africa.

Earlier in her remarks, the Chairman of the NNPC Board, Senator Margery Okadigbo, said that based on the magnitude of work done at the various construction sites, the projection to have first gas by the first quarter of 2023 was realisable.

She noted that the country stood the chance to leverage on the current realities to provide solutions to the global gas supply challenge.

Chairman of Oilserve, the Company handling Segment A of the AKK project, Mr. Emeka Okwuosa, confirmed his company’s readiness to deliver the project on schedule.

He assured that the project managers and teams were more than competent to deliver the project within record time.

The construction of the 614km AKK Pipeline project was flagged-off simultaneously in Kogi and Kaduna States by President Muhammadu Buhari in 2020 to encourage gas utilization and serve as a springboard for the nation’s industrialization.

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