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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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Nigeria Will Experience Upsurge In Fossil Fuels Activities



Kyari


By Favour & Akinola Ajibade


Nigeria will experience  fosssil fuel dominance in the foreseeable future, the Nigerian National Petroleum Company  Limited NNPCL's  Group Managing Director, Mr Mele Kolo Kyari, has said. 
He said the country is not transiting from hydrocarbon to zero carbon fuels, adding that Nigeria will rely on  gas as it transition fuel.
This is coming against the backdrop that Nigeria has set its own energy transition timetable in line with United Nations Programme. 
He spoke during this year Society of Petroleum Engineers International Conference( NAICE 2023 in Lagos.
The conference had the theme: Balancing Energy Açcessbility, Affordability and Sustainability: Strategic Options For Africa.
According to him, Nigeria has huge reserves of 209.5 Trillion Cubit Feet( TCF) and potential   upsurge of 600CBT, stressing that the country's gas reserves are enormous to drive its cleaner and affordable energy visions. 
He said African countries, including Nigeria grapple with strategies of balancing energy availability, with meeting United Nations Sustainable Development Goals
Energy Açcessbility, Kyari said, in the localities or regions of the people, is a problem in Africa and Nigeria.
He further said that NNPCL aims at sustainable aggressive gas development plans, adding that building a energy future, which would benefit  upcoming generation is the goal of the national oil company.




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