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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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'No Protester Is Missing In Our Facility' Says Chevron


By Favour Ifeoluwa & Akinola Ajibade


Chevron  Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL – (NNPCL/CNL JV), says its commitment to partnership with various stakeholders including communities in its areas of operations for sustainable development remains uncompromised. 

The company noted that no protester is missing in its facility, contrary to media reports that some protesters have disappeared, with their destinations still unknown till today.

It added that stakeholders are working assiduously in order to ensure that protesters leave the facility peacefully. 

 CNL affirms that it is engaging with relevant stakeholders including the protesters at its Terminal and Escravos Gas—To-Liquid (EGTL) jetties, community leaders, traditional rulers, the Board of Trustees (BoTs) of the Warri Onshore Host Community Development Trust (HCDT), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Delta State Government among others, with a view to ensure that protesters, who blocked access to the Terminal and EGTL jetties since November 21, 2023 vacate the facility peacefully.


Speaking on the issue, the CNL’s General Manager, Policy, Government and Public Affairs, Esimaje Brikinn said that the firm has strict  compliance with applicable laws and regulations.

“As a law-abiding corporate citizen, CNL is committed and continues to make progress in the operationalization of the respective HCDTs in compliance with the Petroleum Industry Act, 2021. We continue to collaborate with the relevant stakeholders, including community leaders and traditional rulers towards the operationalization of the HCDTs. Also, CNL is committed to ensuring the participation of community workers in the EGTL TAM in line with the manpower mobilization plan”, he said.

Esimaje stated that contrary to untrue media reports about some protesters that are allegedly missing, verifiable reports on ground indicate that none of the protesters are missing.

He reiterated CNL’s priority on the safety of the people, the environment, and assets in all its operations and noted that CNL will continue to engage the relevant stakeholders to resolve the issues amicably.

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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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