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 Ifeoluwa Favour & Akinola Ajibade
The Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo says Nigeria will lay emphasis on licences for distribution gas to end users iacross the country.
This is coming on the heels of recent gas explosion at Ita Oshin in Abeokuta, Ogun State,where a truck conveying Compressed Natural Gas(CNG) had brake failure, crashed into the road barricade and went up in flames.
The accident resulted in loss of lives and properties.
The Minister, who was on visit to the site of the event recently, said that a shift from trucking to gas to the end users to issuance of distribution licences would help guarantee safety of the product.
Ekpo said going forward, rather than trucking to the end users, the regulators will emphasize issuance of distribution licences that will ensure that licensed distributors invest in the installation of pipelines to deliver gas directly to end users.
He said the shift from trucking to pipeline transportation would not only enhance safety, but improve efficiency and reliability in delivering gas to consumers.
“As the Honourable Minister of State Petroleum Resources (Gas), I am committed to growing the gas space, but however I can assure you that every effort is being made to prevent such accidents from occurring in the future,” he said.
On the Minister’s entourage were the Authority Chief Executive (ACE) of NMDPRA, Farouk Ahmed, members of the Minister’s technical team and officials of the NMDPRA.
The Minister was received by Ogun State Governor, Prince Dapo Abiodun, who thanked him for the visit, stressing the importance of a thorough investigation to unravel the root cause of the accident and implementation of recommendations made to forestall future re-occurances.
Deputy Governor of the State, Mrs. Noimot Salako-Oyedele, and other officials of the state government had conducted Ekpo and his team on tour of the accident site.
The Minister commiserated with families affected by the tragedy and Gasco Marine Ltd,, owners of the gas truck.
He also commended the swift response of fire service personnel, and first responders, in the aftermath of the gas explosion even as he reiterated his commitment to grow the gas space.
, where there was a loss of life and destruction of property, as a truck conveying CNG, which experienced brake failure, crashed into the road barricade and the truck head went up in flames.
On the Minister’s entourage were the Authority Chief Executive (ACE) of NMDPRA, Farouk Ahmed, members of the Minister’s technical team and officials of the NMDPRA.
The Minister was received by Ogun State Governor, Prince Dapo Abiodun, who thanked him for the visit, stressing the importance of a thorough investigation to unravel the root cause of the accident and implementation of recommendations made to forestall future re-occurances.
Deputy Governor of the State, Mrs. Noimot Salako-Oyedele, and other officials of the state government had conducted Ekpo and his team on tour of the accident site.
The Minister commiserated with families affected by the tragedy and Gasco Marine Ltd,, owners of the gas truck.
He also commended the swift response of fire service personnel, and first responders, in the aftermath of the gas explosion even as he reiterated his commitment to grow the gas space.
Ekpo said going forward, rather than trucking to the end users, the regulators will emphasize issuance of distribution licences that will ensure that licensed distributors invest in the installation of pipelines to deliver gas directly to end users.
He said the shift from trucking to pipeline transportation would not only enhance safety, but improve efficiency and reliability in delivering gas to consumers.
“As the Honourable Minister of State Petroleum Resources (Gas), I am committed to growing the gas space, but however I can assure you that every effort is being made to prevent such accidents from occurring in the future,” he said.
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