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...
L-R: Senior Adviser Stakeholder Relations, NNPC Upstream Investment Management Services (NUIMS), Joy Eguahon; Manager, Host Communities Development, Nigerian Upstream Petroleum Regulatory Commission ( NUPRC), Omolade Awah; Chairman, Kolo-Creek Host Community Trust, Joseph Otobo; Commissioner, Mineral Resources, Bayelsa State, Ibieri Jones, and SPDC Director and Head Corporate Relations, Shell Companies in Nigeria, Igo Weli, at the inauguration of Host Community Development Trusts in Yenagoa …on Tuesday. By Favour & Akinola Ajibade 3 The Shell Petroleum Development Company, operator of the SPDC joint venture, yesterday, unveiled eight Host Community Development Trusts in Bayelsa State, South-South Region of the country. The initiative is a major step towards unlocking t he $56million earmarked for development in line with the provisions of the Petroleum Industry Act (PIA) 2021. The firm, in a statement, signe...