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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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Shell to Bodo: We are going to rid your land of spills

By Akinola Ajibade



Shell Petroleum Development Company of Nigeria (SPDC) in line with its remediation programmes, has discharged five barrels of crude oil into Bodo Community in Rivers State.

The firm is carrying out this roles, through its  Trans Niger Pipeline (TNP)

Recall that SPDC has been carrying out remediation and mangrove restoration in the community since 2008,following devastating oil spillage in the area.

So far, Shell’s TNP has discharged 98 water and 2 percent crude into Bodo, due to an ongoing flushing of the TNP with residual crude oil of about five barrels.

SPDC's Spokesperson SPDC, Mr. Michael Adande said the impact of the spill, both within and outside the SPDC JV right of way, was minimal since the TNP has not transported crude oil since mid-June 2022.

However, Adande assured that cleanup of the impacted area and repair work on the pipeline were underway.

“The spill from the Bomu-Bonny section of the SPDC JV’s Trans Niger Pipeline in Bodo, Gokana Local Government Area of Rivers State on 3 August 2022 was largely water (98%) from the ongoing flushing of the TNP, with residual crude oil of about five barrels as established by the signed report of the Joint Investigation Visit led by regulators and involving representatives of the Rivers State Ministry of Environment and the community.

“Owing to the high level of theft, the SPDC has not processed crude oil through the TNP since mid-June 2022.

“Cleanup of the impacted area and repair work on the pipeline are under way.”

It will be recalled that in 2008 Bodo community witnessed a devastating oil spill due to corrosion from Shell’s TNP, which discharged over 500,000 barrels of crude into the mangroves, land and waterways thereby ruining the people’s source of livelihoods.

In 2015, Shell accepted liability for the spills, agreeing to pay £55 million to Bodo community and to clean up their lands and creeks.

After years of delays, the clean-up is currently ongoing, under the auspices of the internationally recognized Bodo Mediation Initiative, BMI and it is being handled by four different contractors.

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