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...
Representative of the GCEO NNPC Ltd and Head of the Company’s Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa exchange pleasantries with Engr. Charles Osezua, author of “The Rise of Gas: From Gaslink to the Decade of Gas” during the public presentation of the book in Lagos, yesterday.
By Favour Ifeoluwa & Akinola Ajibade
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has re-emphasised rthe crucial role of natural gas in the development of Nigeria.
Kyari, who was spoke at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles A. Osezua, said gas is a crucial energy source, whichs in sustaining economic growth and drives industrial activities.
Represented by NNPC Ltd’s Head of Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa, the GCEO said the role emphasized the roles played by gas in the nation's economic growth cannot be under-emphasised.
He underscored the significance of prioritizing natural gas production and supply, particularly in the context of geopolitical dynamics and energy security in the global economy.
With Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet (Tcf) and a potential to reach 600 Tcf, the GCEO said it is pertinent Nigeria leverages the gas resource for sustainable development, energy security, and job creation.
He noted that the book aligns with the Federal Government’s “Decade of Gas” initiative, aimed at optimizing Nigeria’s abundant gas reserves for both domestic consumption and international export.
Kyari added that as a key stakeholder, the NNPC Ltd has played a leading role in advancing the “Decade of Gas” agenda through strategic investments in critical gas infrastructure such as pipelines and processing facilities.
In his remarks, the author, Engr. Charles Osezua, who described the unveiling of “The Rise of Gas” as his significant contribution to Nigeria’s energy literature, expressed gratitude to the NNPC Ltd for its support towards the book launch.
Osezua said NNPC Ltd’s participation at the occasion underscores the Company’s commitment to fostering knowledge sharing and innovation within the gas industry.
Also speaking, Chairman of the Impact Investors Foundation and former Group Executive Director of NNPC, Engr. Afolabi Oladele, lauded the book for its comprehensive insights into the gas value chain, adding that it will be relevant to policymakers amid the global energy transition.
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