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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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Aiteo Ready To Resume Production in Nembe Oil Field


By Favour Ifeoluwa & Akinola Ajibade

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29 will reopen it's facilities for production, while continuing other statutory spill  management protocols currently, the company has said. 
This follows the completion of the joint investigative visit to the spill site by all stakeholders, as required by regulations of Nigeria's oil and gas industry.  
In a statement made available to the media yesterday and signed by its media team, 
 AEEPCO’s Group Managing Director, Victor Okoronkwo, said that the company is happy to announce the resumption of production activities in the Niger Delta Oil region..
He said: " After a comprehensive evaluation of our operations and infrastructure at the Nembe Swamp Field, we are delighted to confirm the resumption of production activities. Our dedicated team has worked diligently to address the issues caused by the recent incident and implemented enhanced safety protocols to prevent future occurrences. We have engaged with regulatory bodies, local communities, and stakeholders to ensure transparency and accountability throughout this process."


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