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...
By Favour Ifeoluwa & Akinola Ajibade
The Shell Petroleum Development Company Nigeria Limited, has supplied 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited ( PHRC).
The firm supplied the crude through its Bonny Oil & Gas Terminal (BOGT),in a manner which signalled resumption of activities to the refinery, which for the past five years underwent rehabilitation and integrity activities on its supply pipeline from BOGT.
In a statement issued yesterday ( Monday) to the News Mirror, Shell quoted its Country Chair and Managing Director, Dr. Osagie Okunbor, as saying that “Teams from BOGT and PHRC worked through intensive preparations, collaboration, and dedication to make the project successful. This is indeed a significant step in the nation’s renewed efforts to utilise key infrastructures to assure the steady supply of products from the refining company to the Nigerian market.”
Okunbor said, “Future supplies from BOGT would be guided by the demand for the product.”
Bonny Terminal Installation Manager, Osita Nnajiofor, said, “Before implementing the supplies of the product to the refining company, the project teams first assured the integrity of pipelines relevant to NNPC Limited subsidiaries and integrity and maintenance activities on the BOGT refinery export pumps (which had been shut down for an extended period).”
He said, “These actions resulted in the successful and safe completion of the refinery supply with no harm to people, environment, or equipment.”
“The recommencement of crude oil supply from the Bonny Oil and Gas Terminal to the Port Harcourt Refining Company Limited is a significant achievement and a game-changer for the industry and the country and will support federal government’s aspiration of steady supply of petroleum products to the downstream market and other associated benefits to the economy of the nation,” he added.
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