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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-Stakeholders : We Are Not Leaving Nigeria


James Shindi; Ambassador of Spain to Nigeria, Juan Sell; Ambassador of Germany to Nigeria, Annett Gunther; Permanent Secretary, Ministry of Petroleum, Federal Republic of Nigeria, Ambassador Gabriel Aduda; General Manager, Commercial, Shell Nigeria, Hans Nijkamp; Manager, Business Value and Regulation, Olufunto Annam; Chairman, Brevity Anderson, Olatunde Akoni… at the 6th Nigeria International Economic Summit (NIES) during the Ministers and Head of Delegation dinner sponsored by Shell Nigeria.


By Favour & Akinola Ajibade


 Shell has re-emphasised the need to continue its operations in Nigeria, by developing many of its exciting projects in the country.

The company stated this at the 6th Nigeria International Economic Summit (NIES) in Abuja.

While speaking as the sponsor of the Minsters and Head of Delegation Dinner, that kicked off the event, Shell Nigeria’s General Manager, Commercial, Hans Nijkamp noted that the firm has invested and developed key and economically viable  projects in the country, hence it is not ready to abandon them for anything.

According to  Nijkamp, Shell is developing several gas and pipeline projects in Nigeria, in order to help the utilise its vast gas resources to meet energy demand for domestic industrial development and to also generate much-needed revenue for the country. 

He  said, “Recent global events continue to highlight the world’s urgent and long term energy demands and these present opportunities for Nigeria to quickly utilise its vast gas resources. Also, Nigeria’s own growing population needs accessible and affordable energy for industrialization, electricity and sundry others developments and Shell has projects to help meet these opportunities.”

He reiterated, “Shell is not advancing actions on the onshore portfolio review in compliance with the Supreme Court’s order to maintain the status quo. Shell’s relationship with Nigeria remains strong and we continue to focus investment in Nigeria’s deep-water exploration and production, in our renewable energy space with All On. Our Shell Energy Nigeria business line is also working to expand the gas distribution solutions being championed by Shell Nigeria Gas Limited.

 

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