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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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'Centre For Skills Development May Be Ready December'

NCDMB's Executive Secretary, Wabote 



By Favour & Akinola Ajibade



Barring any unforeseen circumstances, the proposed Centre for Skills Development and Training (CSDT) will be ready for commission by  December end. 

Initiated by the Petroleum Technology Development Fund( PTDF) to promote acquisition of skills relevant to the operation of oil and gas industry, the construction of the project which started in 2011, was heavily boosted by the Nigerian Content and Development Monitoring Board(NCDMB).

Located at Omagwa in Ikpere Local Government Area of Rivers State, the project, according to the State's MINISTER for Petroleum Resources (Oil), Senator Heineken Lokpobiri is 85 per cent completion.

Speaking during a visit to the project' site this Wednesday,  the minister ( Lokpobiri) said the project will be completed in the next six weeks,  a statement, which implies that the project will be ready by December this year.

He further said that the centre has received a massive boost with the entry of  NCDMB  as co-financier after due negotiations with the PTDF.

" At 85 per cent completion,  the scope and quality of work done were impressive. Though the construction of the project was stopped briefly due to wrangling over variations between PTDF the Contractors, the project ( center) is almost completed" he said.

Accompanied on the tour by the Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, and the Executive Secretary of PTDF, Alhaji Aminu Ahmed Galadima, the Minister said that the project was of great significance and does not have to remain uncompleted any longer.

“We have to move forward,” he stated, adding that “further intervention by the Board is necessary to reap the full benefits of the investments already made, he added.

Still on the project, Lokpobiri said that it  will be completed soon.

On the involvement of NCDMB on the project, its Executive Secretary, Engr. Wabote said it was the determination of the Board to check the proliferation of vocational centres, which were as many as 250 in the three states of Rivers, Bayelsa and Akwa Ibom. Most of them, he noted, were non-functional even though they had been completed and equipped.

Equipment in all had been stolen or vandalised, so it became necessary to establish standardized and federal government-backed vocational centres at strategic locations.

Recall that PTDF provided automobile works, basic electrical works, basic requirements in Health Safety and Environment (HSE), catering, electronics repairs, masonry, seismic survey technology, welding, and fabrication.






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