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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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2023 Conference: NAEC Will Brainstorm on Industry's Growth, Opportunities


By Favour & Akinola Ajibade


Friday, October 5th, 2023 will witness a convergence of industry leaders, experts and speakers at the Eko Hotels & Suite, where they  would provide insights into the multi-faceted problems facing the nation's energy ector and further unravel opportunities, required by Nigerians in order to accelerate the much needed economic growth.

In a release signed by the Public Relations officer of the Association of Energy Correspondents of Nigeria (NAEC), Opeoluwani Akintayo, the event as usual, will enable captains of industry, regulators, lawmakers, and other stakeholders to meet and deliberate on issues affecting the smooth operations of the industry vis-a-vis its growth, prospects and opportunities.

Themed: Nigeria’s Energy Transition: Enhancing Investment Opportunities & addressing challenges in Oil the and Gas Sector, the 2023 edition of NAEC conference will attract participants in  the country and beyond.

The Association's Chairman, Mr Olu Phillips  explained that this year’s conference promises a unique touch of expertise contributions how Nigeria can bring to bare its energy transition plan set for 2060.

“Nigeria has pledged to reach net zero by 2060, ten years behind that of the United Nations. However, as the clock keeps ticking, not much is being done towards achieving this transition in terms of investments. This is the time stakeholders should begin to talk seriously, make plans, policies and execute them,” he said.

Billed to deliver the keynote address is the Group Chief Executive Officer, the Nigerian National Petroleum Company Limited, Mele Kyari.

Managing Director and Chief Executive Officer, Falcon Corporation, Audrey Ezeigbo will be the conference chairman for the second time.

Other expected stakeholder at the conference include Ministry of Petroleum, NNPCL, Nigeria Upstream Regulatory Commission (NUPRC), Nigeria Midstream and Downstream Regulatory Authority (NMDPRA), Nigeria Content Development & Monitoring Board (NCDMB), Independent Petroleum Producers Group (IPPG), Nigerian Gas Association (NGA), Nigerian LPG Association (NLPGA) and the Major Oil Marketers Association of Nigeria (MOMAN)

Also expected  are CEO’s of Chevron, ExxonMobil, TotalEnergies , Shell, Seplat Energy, Axxela, Oando, Ikeja Electric, EKO Electric, TCN, NIMASA,NERC, NEITI, ANED, AA Holdings, Pengassan , NALPGM, NLC

Topics for panel sessions include: Energy Transition, PIA, Petroleum pricing and the way forward for the downstream sector and the Power Sector: X-raying Issues, Challenges, Opportunities And finding Solutions.

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