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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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Discrimination against local employees, others are false, says Seplat

Seplat Energy Plc has described the allegations qthat its Chief Executive officer, Mr Roger Brown is discriminsting against Nigerian employees as baseless. 

Seplat was accused of favouring foreign workers as well as possessing  possessing a Combined Expatriate Residence Permit and Aliens Card (CERPAC) contrary to valid expatriate quota.

Also, its CEO was also alleged to have failed to honour invitations by the ministry’s panel, which investigated the matter.

Seplat's CEO, Brown

The company, in a statement made available to the News Mirror today ( Thursday) punctured the allegations.

The statement said: “Seplat Energy wishes to refute the false allegations against Mr. Brown, which have been presented to the Ministry of Interior and the public by certain petitioners and which have not been brought to the attention of Mr. Roger Brown or Seplat Energy for a reaction”. 

According to the company, the media reports was orchestrated in order to tarnish its image, adding that that the energy firm will engage the ministry to reject the impressions created by the reports.

“The Board believes that these allegations are a spurious and vindictive reaction to the enforcement of corporate governance standards in the company by the Board of Seplat Energy. Over the past decade, Brown has earned an unblemished record of service and leadership in the company.

“On 8th March 2023, the Board of Seplat Energy unanimously passed a vote of confidence in Brown, who continues to discharge his duties and responsibilities as CEO from the Seplat UK office”, the statement added.

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