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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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Navy Destroys 17 Illegal Refineries In Niger Delta

One of the Local Refinery Sites 


By Favour Ifeoluwa & Akinola Ajibade 


The Nigerian Navy says it has destroyed seventeen illegal refining sites in order to fight crude oil theft in the Niger Delta region of the country. 

The Navy, in a statement signed by its Director of Information,A Adams-Aliu said the destruction of illegal sites happened in thirty days in July/ August this year.

The body in a statement dated August 9,2024 said  it witnessed the destruction of one Illegal refinery site, five metal drums and several pipes at Dumbe camp and Atuo general areas in Bayelsa State, adding that Navy destroyed one illegal refinery site in Ataba Communityarea of  Andoni Local Government Council of Rivers state.

Navy further said that it destroyed three Illegal refinery aites, five refiningg sites, three wooden boats and recovered large quantities of illegally refined Automotive Gas Oil in Brass, Bassambari and Nembe axis of the Creeks in Bayelsa on August 14.

The statement also said that naval officers on August 17th destroyed 4 wooden boats and one speed boat being used to smuggle stolen products along Odioma/ Botokiri Creek, Bayelsa State.

On the same day,they also destroyed one Illegal Refinery Site, 2 cooking pots, several storage tanks, dug out pits and seizure of large quantities of refined products along Ekwoke, Sobiekiri and Ataba area of Bonny channel, Rivers State.

Besides,the day also witnessed destruction of a massive illegal refinery Site with a 2 million litres per day capacity along Ogoloma – Bakana water-ways in Rivers State.

Adding that:" naval officers  destroyed one Illegal Refinery Site with storage tanks, a pumping machine and a wooden boat laden with stolen crude oil in Awoye Riverine community on August 19th in  Illaje Local Government Area, Ondo State.

The statement also said d that Navy witnessed witnessed destruction of one Illegal refinery site, two woodenboats, five dug-out pits and numerous drums containing stolen crude oil in Otumara Creek, Warri, Delta State.

"The Trans Niger and Trans ESCRAVOS Pipelines have continued to sustain the recorded 100 per cent terminal factor. Consequently, according to Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as at 14 August 2024, national crude oil production recorded was 1.658 million barrels per day.

“This underscores the effectiveness of Operation DELTA SANITY. Nevertheless, the Nigerian Navy will continue to sustain current efforts to rid Nigeria’s maritime environment of the menace and enhance crude oil in line with the President and Commander–in–Chief’s directive to eradicate crude oil theft” the statement added.














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