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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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SPNECO Bonga FPSO completes turnaround maintenance

SNEPCO's FPSO



By Akinola Ajibade


Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the its Turnaround  Maintainance(ATM) of the Bonga Foating Production Storage and Offloading vessel (FPSO) 

The firm, in a statement made available to the Newsmirror, said that the turnaround maintain of the 225kbopd capacity FPSO closed on October 18, 2022. The development, the firm, said would enable it carry out statutory inspections, recertifications and other critical asset integrity restoration activities.

The 2022 TAM which was originally planned for 30 days was completed in 22 days on November 9, 2022 due to excellent front-end planning and flawless execution.

A statement from the company said commissioning and start-up activities are in progress and will culminate in ramp up of oil and gas production in the coming days.

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