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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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Chevron Appoints Swartz as Managing Director

Swartz 


 By Favour Ifeoluwa & Akinola Ajibade 


Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, has appointed Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit.

The firm, in a statement made available to the media, said the  appointment takes effect on April 1, 2024,according to a statement on Wednesday.

Until his appointment, Swartz was Vice President, Capital Projects based in Houston, USA.

CNL’s General Manager, Policy, Government and Public Affairs, Esimaje Brikinn, in a statement  on Wednesday, January 10, said Swartz brings a wealth of experience in the upstream business and a proven ability to build effective partnerships with stakeholders.

A graduate of the University of Nebraska-Lincoln where he received a Bachelor of Science in Geology, Swartz also obtained a Master of Science in Geology from the University of Oklahoma.

He joined Chevron in 1990 as a Geologist in Louisiana and has since held positions of increasing responsibility in Angola and the United States.

He replaces Richard (Rick) Kennedy who has elected to retire after almost 40 years of service to the company.

Brikinn said as Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, Rick’s thoughtful and collaborative leadership led to improved business outcomes. He made significant contributions to the Nigerian oil and gas industry as Chairman of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI), during which he led industry engagements on the Petroleum Industry Act (PIA) and other industry initiatives.

 

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