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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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Improvement in supply is our concern, not blackout, says Ikeja Electric


By Favour  Ajibade


Ikeja Electric is working seamlessly to improve supply of electricity to consumers in its network, not planning to throw them into darkness.
The firm, in a statement issued to the News Mirror and signed by its Head of Corporate Communications, Mr Felix Ofolue, describes the  plans that the energy distribution outfit, is planning blackout in Lagos, as a figment of imagination.
He said the story, which emanted in section of the media recently was s figment of imagination, stressing that the company, rather is replacing obsolete equipment in its jurisdiction, in order to improve supply of electricity.
According to him, Ikeja Electric has just completed projects  maintenance in Alimosho among other communities under its jurisdiction.
Ofolue asked: " How can we be replacing obsolete equipment and at the same time, putting millions of customers in darkness. Is that not contradictory? 
What we have done is to improve power supply in Igando and the firm has implemented similar projects in Alimosho ditto other communities across our network.
 The information is misleading and sensational, as the project was aimed at improving power supply in Lagos. 
According to him, the exercise will last for 10 days and that only Feeders under Igando, Obadore, Akesan and Egan will be impacted, and not Alimosho or Lagos as erroneously reported in the media.
He reiterated Ikeja Electric’s commitment to improving the quality and availability of power supply across its network through replacement of obsolete equipment and revamping of infrastructure.
“It is noteworthy to mention that improvement in power supply has been evident in other locations where planned replacement of panels by Ikeja Electric have already taken place.  Moreso, the proactive move by the company to replace the equipment is aimed at avoiding sudden breakdown.
“At Ikeja Electric we are committed to improving services in a bid to deliver better customer experience. The successes recorded so far, especially in areas where the similar projects were implemented have been generating commendation from our customers,” he said.
Ofulue appealed for understanding of customers in Igando during the planned outage which will take place between Sept 6th and 15th, 2022, as they will enjoy improved power supply.

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