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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 Partners Akwa Ibom State For Development



Seplat Strengthens Partnership With Akwa Ibom State Government 

Seplat Energy Plc has expressed its commitment to partner with the Akwa Ibom State Government for suainable development.

The company remains Nigeria leading oil and gas firm with listing in Nigeria and South Africa Exchanges. respectfully.

Coupled with this is the fact that Seplat sells gas to the domestic market, a development, which enables it contribute substantially to the indigenous gas market.

The Company said this during  a visit to the State Governor , His Excellency Pastor Umo Eno. The visit was led by the company's Chairman , Senator Udo Udo

The Seplat delegation used the occasion to formally brief the Governor on the recent completion of the acquisition of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited, clarifying that the entity will now be known as Seplat Energy Producing Nigeria Unlimited (SEPNU), retaining all assets and liabilities of the previous company.

The Chairman further outlined the company’s objective of  contributing to meeting Nigeria’s strategic oil and gas aspirations while supporting the socio-economic development of Akwa Ibom State. Emphasizing its commitment to sustainable operations, Senator Udoma highlighted key areas where SEPNU aims to collaborate closely with the state government and

communities to ensure long-term mutual benefits to all parties.

“We are honored to have the opportunity to engage with the Akwa Ibom State Government and present our vision for a collaborative future,” said Sen. Udoma. “Our commitment is not only to the growth of our operations but also to the well-being and prosperity of the communities where we operate. We are confident that through strong partnerships and shared goals, we can bring significant economic and social benefits to the country, state and our communities.”

Governor Umo Eno welcomed the Seplat team which also included the Group Chief Executive Officer, Roger Brown and the Managing Director of Seplat Energy Producing Nigeria Unlimited, Mr. Oladotun Isiaka. He assured the team of the state government’s unwavering support and continued commitment to creating an enabling environment for the company’s operations. 

He expressed hope that the collaboration between the state government and SEPNU will yield tangible benefits for the people, boost the local economy and promote sustainable development.

 

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