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...
By Favour Ajibade The Lagos state government will start and complete the $2.5 billion Fourt Mainland Bridge within four years, the Special Adviser on Works to the State Governor, Babajide Sanwo-Olu, Aramide Adeboye, has said. He said the project will start In the first quarter of 2023 and end in 2027. Adeyeoye,who spoke at a joint press briefing organised by the Ministry of Works and Infrastructure and the Office of the Public-Private Partnership (OPPP) to announce the preferred bidder for the project,said that CCECC-CRCCIG Consortium won the bid for the project while MOTA-ENGIL emerged as the reserved bidder. According to her, a total of 52 bidders initially indicated interest in the project out of which 32 were responsive. Fifteen of the 32 bidders, he said, indicated further interest out of which six met the criteria and were later rediuced to three before the winner was eventually picked. Aramide said that 800 structures would be affected by the construction ...