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 & Akinola Ajibade
The Nigerian National Petroleum Company Limited has intercepted a crude loaded vessel heading to Cameroun, a West African country and Nigeria's neighbour.
The Corporation, in a statement signed by its Chief Corporate Communications Officer, Garba Deen Muhammed and made available to the News Mirror, said that the vessel, which boasts of 800,000 litres of stolen crude, was heading for Cameroun, when it was arrested.
According to him, the vessel was intercepted by Tantita Security Contractor engaged by NNPC Limited following intelligence report, which its received on July 7th, this year.
The ship named MT TURA II (IMO number: 6620462), Muhammed, said was owned by a Nigerian Registered Company, HOLAB MARITIME SERVICES LIMITED with Registration Number RC813311, was heading to Cameroun with the Cargo on board when it was apprehended at an offshore location (Latitude: 5.8197194477543235°, Longitude: 4.789002723991871°), with the Captain and Crew members on board.
Preliminary investigations, he said, revealed that the Crude Oil Cargo onboard was illegally sourced from a well jacket offshore Ondo State, Nigeria. There was no valid documentation for the Vessel or the Crude Oil Cargo onboard at the time of the arrest.
Further investigation into the activities of the vessel at the NNPC Ltd. Command and Control Centre also revealed that the Vessel has been operating in stealth mode for the last twelve (12) years. The last reported location of the Vessel was Tin Can Port in July 2011.
Details of this arrest and the outcomes of the investigations were escalated to the appropriate Government authorities, upon which it was concluded to destroy the Vessel to serve as a strong warning and deterrent to all those participating in such illegal activities to cease and desist.
Destroying vessels involved in transporting stolen crude oil is of paramount importance as a strong deterrent. The illegal trade of stolen crude oil not only inflicts significant economic losses on Nigeria and legitimate stakeholders in the oil industry, but also perpetuates a cycle of corruption, environmental devastation, and social instability.
NNPC Ltd. assures Nigerians that we will sustain the momentum in the war against crude oil theft until it is brought to a halt.
NNPC Limited engaged Tantita Security Services Limited as well as other third-party security firms in 2022, to help in the fight against crude oil theft in the country.
It is important to note that Tantita Security Services is owned by former Niger Delta militant, Tompolo
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