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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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NNPCL's Ex GMD Is Dead


Late Dr John 


By Favour Ifeoluwa & Akinola Ajibade


The Nigerian National Petroleum Company Limited (NNPC Limited) has announced the death of a former Group Managing Director (GMD) and Acting Alternate Chairman of the Board of the defunct Nigerian National Petroleum Corporation (NNPC), Dr Thomas Maurice Asuquo John, at the age of 84.

The Company 's Chief Corporate Communications  Mr Olufemi O. Soneye, in a statement on Thursday, described the deceased as a quintessential administrator and oil & gas industry professional.

He added that Dr. John who succeeded the late Dr Aret Adams between April 1990 to June 1992 was the 5th GMD of NNPC. 

“He was also a Non-Executive Director, South Atlantic Petroleum (SAPETRO), Executive Chairman, Hydropec Engineering Services Ltd., and former Non-Executive Director, United Bank for Africa (UBA) Plc., among other positions.

“On behalf of the entire NNPC Ltd. Management and Staff, the GCEO, Mr Mele Kyari, extends the Company’s heartfelt condolences to his dear wife, family, friends, and relatives during this very trying period", Soneye said.

“May his soul rest in peace,” Sonoye said.

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