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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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'Seplat Wins Oil & Gas Award Of The Year'

 

By Favour Ifeoluwa & Akinola Ajibade


Seplat Energy Plc has emerged as the Oil & Gas Company of the Year during the recently concluded  Annual Conference and Awards organised by the Newspaper in Abuja.

According to the media, Seplat was recognised for striving to end routine flares in its operations by committing $11.5m towards projects that will end flaring and another $10.8m towards installing gas compression facilities at the flow stations in Amukpe, Oben and Sapele.

The  Newspaper said:  “Seplat Energy is a leading supplier of processed natural gas to the expanding Nigerian domestic market with working interest gas volumes averaged 112.3 million metric standard cubic feet per day (MMscfd), 30 percent of processed gas used for electricity in Nigeria.

“In 2023, the firm with listing in both the Nigerian and London Stock Exchanges,  committed $11.5m towards projects that will end routine flares in its operations, including $10.8m towards installing gas compression facilities at the flow stations in Amukpe, Oben and Sapele, and $0.7m towards incineration at the Amukpe flow station.

“With a significantly high indigenous workforce of 98 per cent, Seplat Energy seeks to ensure there is a positive multiplier effect on the local economy through significant local content spend, enhancing the Company’s local supply chain and contributing to a thriving and competitive local market”.

Seeking to use local business partners has also simultaneously reduced Seplat Energy’s operating costs and project risks by developing a mutually beneficial relationship with the Company’s local partners, the Leadership Newspaper said.

The media group also commended Seplat Energy award of the ISO 55001 Asset Management certification, which now subjects the company to annual surveillance audits in 2023 and 2024 and a recertification audit in April 2025 in line with ISO 55001 3-yearly certification renewal cycle.

The Chairman, Leadership Group, Mrs. Zainab Nda-Isaiah, earlier in her remarks, said the conference and awards provided an exceptional platform in setting the agenda and offering solutions to many of the country’s problems and to reward excellence in business and politics.

The keynote address of the event was delivered by the former deputy governor of the Central Bank of Nigeria (CBN) and renowned political economist, Prof. Kingsley Moghalu.

Commenting on the awards, the Director, External Affairs & Social performance, Chioma Afe, thanked the Leadership Group for the honour and recognition. She said: “Seplat Energy has a sustained ability to deliver growth across board and will continue to create the needed value for all its stakeholders. Today, we are challenged by this award to continue to do and give more as a Company.”

Seplat Energy was represented at the event by its Strategic & Corporate Intelligence Manager, Ibrahim Muhammed; and the Senior Government Relations Adviser, Sagagi Auwalu.

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