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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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Women are key to energy sector's growth, say Sylva, Wabote and Okadigbo


By Akinola Ajibade

5th from left: Chief Timipre Sylva, Minister of State for Petroleum Resources, Chairman Board of NNPC Limited, Senator Margery Chuba-Okadigbo, Engr. Simbi Wabote, Executive Secretary of NCDMB and other dignitaries at the Nigeria Women in Oil and Gas Conference in Lagos.


…NCDMB-NEXIM bank partnership, has rolled out $40 million fund to empower women in the oil industry 


The Minister of State for Petroleum Resources, Chief Timpreye Sylva, has said that the roles of women cannot be under-emphasised in the global energy transition.

He said this becomes necessary, when one considers the strength, characters intuition, knowledge and natural endowment, which women are endowed with.

He spoke at the oil and gas conference organised recently in Lagos for women in the energy sector. The conference was at the instance of the Nigerian Content Consultative Forum (NCCF) in conjunction with the Nigerian Content Development and Monitoring Board (NCDMB) and relevant Women Groups in the industry. 

He pointed out that oil and gas industry plays a pivotal roles in the socio-economic development of the world and that the development would continue inspite of calls for  global energy transition.

Sylvia further said that women play critical roles, when its comes to harnessing  the industry's potentials for growth.

He said that women, historically have shown to be very organized and United, stressing that they have on many occasions achieved what appears to be difficult or impossible to get results from.

He said:" For instance in 1929, wómen in Aba, in the defunct Calabar province of colonial Nigeria organised one of the most successful protests in the history of Nigeria. Known as Aba Women Riot, the protest brought something new in the political dynamics of the region. The women challenged the British indirect rule system, which empowered warrant chiefs as representatives of between the government and the people.

" The protest forced the British government to jettison the warrant chiefs system, after several negotiations with women." 

He said that the Federal Government has a gender sensitive policies in its programmes, a development, which has been a blessing to women. 

Slyva, however said that women account for 22 per cent of the labour force in the oil and gas industry, despite the fact that they make up 48 per cent of the global work force.

The government, Slyva said, has through NCDMB- Nigerian Export Import Bank Partnership ( NEXIM) partnership rolled out a $40 million fund to empower women in the sector, separate from the Nigerian Contact Initiative (NCI) fund, which is equally available for men and women, who meet the criteria.

Also, the Executive Secretary, Engineer Simbi Wabote and Chairman, Board of Directors, Nigerian National Petroleum Company Limited (NNPC), Senator Margery Chuba-Okadigbo, took their turns to extol the virtues of women in oil and gas industry. 

They all agreed that women played crucial roles in the development of the energy sector in Nigeria and beyond, urging governments to accord then more opportunities for growth.






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