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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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NUPRC-Nigerians: We Are Aware Of Seplat Rig Mishap

NUPRC's CEO, Gbenga Komolafe

By Favour & Akinola Ajibade



The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says that its aware of an  incident involving a drilling rig during its operation at a swamp location in Delta State.

The Commission, in a statement made available to the media in Abuja said that out of the 96 personnel on board as the time of incident, 92 have been rescued, one confirmed dead and three are yet to be accounted for.

“The Depthwize Majestic Rig was contracted by Seplat Energy Plc to drill Ovhor-21 well at a swamp location in Delta State. The rig completed the drilling of Gbetiokun-11 for NEPL and demobilized on Wednesday, 9th August 2023.

“Thereafter, the rig commenced Rig-Move from Gbetiokun-11 well location to the planned Ovhor – 21 well location. Unfortunately, the rig capsized while on transit and was partially submerged at about 5.00am on Tuesday 15th August, 2023.

“Information from our Warri Regional Office confirmed that Search and rescue operations of Personnel on Board (POB) the rig has commenced and it’s on-going. Seplat Energy has also submitted Incident Notification Form 41 to the Commission as statutorily required and commenced preliminary and detailed investigation on the incident.

“Of the ninety-six (96) personnel on board as the time of incident, ninety-two (92) have been rescued, one (1) confirmed dead and three (3) yet to be accounted for.

“However, Divers have been mobilized to the incident location for search and rescue operations, while the rescued personnel are currently receiving medical attention at the company’s hospital.

“The Commission will continue to update the public on the detailed outcome of the investigations as more information becomes available” reads the statement in parts.

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