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...
Plans by Nigeria to bouy its security system and subsequently ward off attacks, possibly from herdsmen, Boko Haram and other insurgent groups may have been materialised, following the decision by the United States of America to sell weapons to her.
This happens as U.S approved the sale of military weapons worth an estimated $997 million to Nigeria.
This was confirmed recently by the United States Department of Defence.
The weapons include 12 attack helicopters, 2,000 advanced precision kill weapon system guidance sections and night vision imaging system.
The approval comes after months of back on forth on the matter, with the US initially denying Nigeria’s request over human rights concerns.
The US said the sale of the weapons is part of efforts to “equip Nigeria to contribute to shared security objectives, promote regional stability and build interoperability with the US and other Western partners”.
Recall that the Federal Government has in the past few years been looking up to US to supply weapons to Nigeria
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