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...
NNPCL's GMD, Kyari The Group Chief Executive Officer, Nigerian National Petroleum Company Limited ( NNPC) Mallam Mele Kolo Kyari says the national oil company will commence the drilling of crude in Nasarawa State as from March 21 this year, if all go as planned. He said when he visited the Governor of the state, Abdullahi Sule, in Lafia, the state capital. Kyari stated that significant amount of oil was found, following the detection of iniitial exploratory activities in the state. He said, based on this, NNPC is ready to do the necessary work to find the hydrocarbon. He said: “This work must be done very fast as the world is walking away from the fossil fuels due to the energy transition. The earlier you go to market, the better for you. Otherwise, 10 years from now, no one will agree to put money in the petroleum business unless it comes from your cash flow.” NNPCL, Kyari stated, began work in the state in 2010 and has technically found ...