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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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NDIC Executive Management delegation led by MD/CE, Mr. Bello Hassan (4th left); including Executive Director (Operations), Mr. Mustapha Ibrahim (2nd left) and Executive Director (Corporate Services), Mrs Emily Osuji (3rd left) gives some words of comfort to Elder Shyngle and Mama Stella Wigwe, parents of late Access Bank MD/CEO, Dr. Herbert Wigwe during a condolence.


Good Afternoon Sirs/Mas,



Please find attached picture and caption for publication. Thanks for your usual co-operation always.



Regards,





CAPTION:

NDIC Executive Management delegation led by MD/CE, Mr. Bello Hassan (4th left); including Executive Director (Operations), Mr. Mustapha Ibrahim (2nd left) and Executive Director (Corporate Services), Mrs Emily Osuji (3rd left) gives some words of comfort to Elder Shyngle and Mama Stella Wigwe, parents of late Access Bank MD/CEO, Dr. Herbert Wigwe during a condolence.



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