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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 donates $1m to recent flood victims in Nigeria

Shell's Country Chair, Okunbor 


By Favour Ajibade


Shell in line with its policy to improve the welfare of people in areas of operation, has supported victims of flood disaster in Nigeria with one million US Dollars recently.

The aim is to compliment efforts of the Federal Government towards providing relief to  people impacted by the current flood disaster in Rivers, Delta, Bayelsa and Imo States.

The company, in a statement, made available to News Mirror, said the donation will be used to procure and distribute food and non-food relief materials, as well as medical supplies, to impacted communities hosting Shell operations in the country.

According to Shell, its staff  in Nigeria are also contributing towards a voluntary fund for the purchase of additional relief materials for impacted people,it said in a statement.

The Country Chairman, Shell Companies in Nigeria, and Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor, said, “We are deeply concerned that the flood waters have further hampered socio-economic activities in the region, exacerbating known vulnerabilities, with women and children most affected. We hope that our assistance, can help them cope with the impact of this tragedy.”

Shell’s support comes as the National Emergency Management Agency (NEMA) announced that the floods continue to have wide-spread impact across the country, affecting 29 states of the federation, including the Federal Capital Territory.

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