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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 wins best local content operator award


L-R: Chief Upstream Investment Officer, Nigerian Upstream Investment Management Services, Bala Wunti; Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Osagie Okunbor; Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote; Executive Vice President, Gas and Power of Nigerian National Petroleum Company Limited, Abdulkadre Ahmed; and Managing Director, Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, at the Shell stand during the opening session of the 11th Practical Nigerian Content Forum held in Uyo


By Akinola Ajibade

Shell Companies in Nigeria have emerged winner of the best local content operators award at the 2022 annual industry dinner and awards ceremonies in Port Harcourt, Rivers State Capital.

The Petroleum Technology Association of Nigeria (PETAN) organised the awards. 

At the event, the Managing Director of Shell’s deep-water business, Shell Nigeria Exploration and Production Company, Mrs. Elohor Aiboni, was also named the sole recipient of the PETAN Chairman Outstanding Achievement Award, while her successor, Mr. Bayo Ojulari, clinched the PETAN Distinguished Achievement Award.

“Shell companies have always stood by local service companies, and they have been part of our local content journey right from the beginning, and have been consistent,” PETAN Chairman, Mr. Nicolas Odinuwe, said while handing the award to Shell’s representatives.

He described Shell companies as a major pillar to the growth of local content in Nigeria by driving the pre-legislation initiatives and providing funding intervention to give opportunity for even start ups in the service sector to play in the oil and gas supply chain.

Receiving the award, Director,The Shell Petroleum Development Company of Nigeria Limited and Head, Corporate Relations, Mr. Igo Weli, said, “We are pleased with the country’s success in the Nigerian content story and we are very proud that important stakeholders in the industry continue to recognise Shell’s pioneering and continuous role to indigenise industry know-how so that Nigerians are acquiring necessary skills and Nigerian businesses are participating more in the oil and gas industry.”

Weli, who was accompanied by the Manager, Nigerian Content Development for Shell, Mr. Olanrewaju Olawuyi, said, “Last year alone, Shell companies in Nigeria spent $800 million on contracts to Nigerian-registered companies which is the same level as the 2020 spend. Our relationship with Nigeria remains strong and we are focusing our ambitions on our Nigerian deep-water production and gas distribution businesses.”

Meanwhile,the Nigerian Content Development and Monitoring Board (NCDMB) has highlighted Shell’s important role in indigenizing Nigerian content.

Speaking at the 11th Practical Nigerian Content Forum held in Uyo, Akwa Ibom State last week, the NCDMB Executive Secretary, Simbi Wabote, chronicled the history of Nigerian content and paid glowing tribute to Shell for being the first international oil company in Nigeria to demonstrate belief in the capabilities of Nigerian companies and give them the inroad to participate fully in the oil and gas industry

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