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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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NIMASA DG Visits Chief of Defence Staff To Discuss National Security



The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh (right) discussing issues of national security with the Chief of Defense Staff, General Lucky Irabor at the Defence Headquarters in Abuja.

“The removal of War Risk Insurance Premium on Nigerian-bound vessels (and their cargo) is premised on the sustained security of merchant shipping in Nigerian Waters and the greater Gulf of Guinea region.

“We must continue this collaboration to ensure that the gains in recent times regarding the reduction of piracy results in the removal of war risk insurance premium.” – Dr. Bashir Jamoh (NIMASA DG).

The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh (right) discussing issues of national security with the Chief of Defense Staff, General Lucky Irabor at the Defence Headquarters in Abuja.
The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh (right) discussing issues of national security with the Chief of Defense Staff, General Lucky Irabor at the Defence Headquarters in Abuja.

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