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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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NPA: NIMASA Hands Over Site To Technical Partners

Director General, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh, OFR, middle flanked by the Managing Director, Melsmore, Mr. Danny Fuchs (left) and the Chief Engineer of Melsmore, Mr. Givol Yaron during the handing over of the leased site at the Continental Shipyard Limited (CSL) of the Nigerian Ports Authority to the technical partners, Melsmore. The event was held at the headquarters of the Agency in Lagos


By Favour & Akinola Ajibade

The Nigerian Maritime Administration and Safety Agency, (NIMASA) has handed over the leased site at the Continental Shipyard Limited (CSL) of the Nigerian Ports Authority to the technical partners, Melsmore. 

In line with the agreement between the duo, the partners are expected to liaise with the management of the Nigerian Ports Authority (NPA) in order to finalize site management, which include risk assessment in preparation to move the Modular floating Dock to the Continental Shipyard for the commencement of full operations.

Also, NIMASA and the partners have agreed to invite manufacturers of the Floating Dock, Damen Shipyard to join in recommissioning the Dockyard, while site preparations are ongoing. The aim is to ensure the deployment of Floating Dock in the shortest possible time.

Speaking at the event, the NIMASA's Director General, Dr. Bashir Jamoh, emphasised the need  to review the action plan in the light of realities on ground with detailed deliverables, and key performance indicators with clearly stated timelines.

Recall that Nigerians have been waiting for the deployment of the Modular Floating Dock, a national asset, which has potentials to boost maritime trade, create jobs, develop skills of workers, while at the same time, attract foreign investment and further prevent capital flight in the country.

In his remarks, the Managing Director, Melsmore, Mr. Danny Fuchs thanked the agency for the opportunity to work on the project, while giving assurance that the firm is prepared to handle the movement of the floating dock from the naval dockyard to the Continental Shipyard Limited (CSL).


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