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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 relies on JIT to unravel cause of Diebu's spill

Oil spill in Ijaw, Delta State


By Favour Ajibade


Shell Petroleum Development of Nigeria Limited (SPDC) is waiting for the Joint Investigative Team( JIT) to unravel the actual cause of the spill from its Diebu Creek flow station in the Southern Ijaw Local Government Area, its spokesman, Michael Adande has said. The spill occurred on the Shell assets on August 24, this year.
He said this, in a statement made available to the media recently, that the outcome of the JIT would enable Shell to know the real cause of the spill,  volume of crude oil spilled and the impacts on the environment. 
The International Oil Company set up the team, in order to investigate all environmental degradations, brought about by oil spills in the Niger Delta region and to further convince the 
inhabitants, mostly farmers and fishermen respectively they were not neglected in any way.
Through the spill, Akande said, a large volume of crude oil was discharged into the ecosystem of
Peremabiri community, a development,which made the inhabitants to lament that the issue has destroyed flora and fauna in the area. 
This aside the fact that they are accusing Shell of not responding timely to the issue, which according to them is having a wider impact on their area.
Commenting on the issue, the Chairman,  Peremabiri Community Development Committee (CDC), Mr Return Koma, said that officials of the SPDC had convened a Joint Investigative Visit (JIV) to the flow station and impacted site.
 “They (SPDC) called to say that they are coming for a JIV on Tuesday and shortly they shifted it to today being Monday, so we are waiting,” Koma  added.


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