Skip to main content

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...
Post a Comment

Shell Scores Local Coys High In Contracts Execution

By Favour Ifeoluwa & Akinola Ajibade 


Shell Nigeria has played crucial roles in the execution of  oil and gas contracts in the last few years, the company has said. 

In a statement issued by Shell Petroleum Development Company ( SPDC) and made available to the News Mirror at the weekend, the firm said the contracts were executed on land and deep waters.

It noted that indigenous contractors has deployed a  technology for automated tank cleaning at bonny terminal of the company, ading that locally manufactured stud bolts, nuts and flanges as well as sand screens were used its well operations.

The statement, quoted the General Manager, Nigerian Content Development, Lanre Olawuyi, as saying that Shell Nigeria Exploration and Production Company Limited (SNEPCo) deployed a team of 33 companies out of which 87 percent of the firm's are not only  owned by Nigeria, but were given the mandates to successfully deliver the Bonga Turn Around Maintenance in eight days ahead of schedule saving on downtime on Bonga.

 “Nigerian content is a business enabler for Shell, so, it is in our interest to help build the capacity of Nigerian contractors, with a view to enable them to  handle key contracts,” it added.

Represented at the just-concluded 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos by theCompany's Manager, NCD Capacity and Supplier Development, Kenechukwu Akubue.Olawuyi said that participation of local companies in the energy operation is significant to the growth of the industry.“

Shell is grateful for the support of stakeholders, including the NCDMB, our partners and contractors in efforts to promote Nigerian content and we hope to continue the collaboration to further grow this aspect of our business.” he added.

According to him, Shell has taken steps to support the target of increasing overall Nigerian content in the oil and gas industry from 20 percent in 2010 to 70 percent by 2070, through contract awards. 

He noted Shell companies in Nigeria in 2020  warded contracts worth over $1.9bln to Nigeria registered companies, of which 61% of were indigenous companies with 51% or more Nigerian ownership.

 

 







 

 


 

Comments

Post a Comment

Popular posts from this blog

NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further s...
Post a Comment
Read more

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    
Post a Comment
Read more

IGP to Nigerians: Deface new notes and face prosecution

IGP Baba New naira notes  By Akinola Ajibade Nigerians, who are selling and defacing new naira notes of N200,500 and N1000 are facing arrest and prosecution soon unless they change from their criminal activities,  the Inspector-General of Police, IGP Usman Alkali Baba has said   Baba yesterday ordered the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department and the Assistant Inspector-General of Police in charge of the Force Intelligence Bureau, to commence arrest and prosecution of individuals, who was found selling and abusing the  naira notes issued by the Central Bank of Nigeria.  The order, which was conveyed in a statement signed by the Force Spokesperson, CSP Olumuyiwa Adejobi, quoted the police boss as imploring them to place officers and men of the Department and the Bureau across the nation on high alert. He further charged all supervisory Assistant Inspectors-General of Police and Co...
5 comments
Read more