Wale TINUBU

CEO

OANDO

We believe the private sector is best positioned to fill the huge gaps that remain in gas infrastructure investments.
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Oando

Promise in the private sector

Established as a petroleum product marketing company, Oando’s transformation into a fully integrated energy player took form in 2014 with its USD 1.5-billion acquisition of ConocoPhillips’ upstream assets in Nigeria. It holds interests in 14 licences. At present, the company operates through three main divisions: Oando Energy Resources, OVH Energy Marketing and Oando Trading.

  • AKK pipeline: Oando and Oilserv agreed in April 2018 to build a roughly 300-kilometre portion of the line that spans from Ajaokuta to Kaduna. A flag-off ceremony for construction on the AKK project took place in mid-2020.
  • NLNG deals: In December 2019, Oando secured two gas supply agreements with Nigeria LNG. The first agreement is for the renewal of gas supply for NLNG Trains 1 to 3 for a term of 10 years and the second is for gas supply for the upcoming Train 7 for a term of 20 years.

Today, the company’s total resource potential stands in excess of 500 million boe – with 479.8 million boe of 2P reserves and 146.9 million boe of 2C resources – and is spread over four assets situated in two geographical areas: OMLs 131 and 145 are in the Gulf of Guinea and blocks 5 and 12 are in the Exclusive Economic Zone.

Oando in figures

2018 average net production:40,023 boepd

Reserves as of 2018:More than 500 million boe

Oando features

Gabriel OGBECHIE Group Managing Director RAINOIL LIMITED
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Nigeria - June 25, 2021

Gabriel Ogbechie, group managing director of Rainoil Limited, talks to The Energy Year about the obstacles facing Nigeria’s…

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OVH launches Lagos Midstream Jetty
NEWS
Nigeria - November 09, 2017

OVH Energy has launched the USD 150-million Lagos Midstream Jetty, local media reported Wednesday. 

Located in the Lagos Apapa Harbour, the facility is expected to…

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Oando wins order to lift trade freeze
NEWS
Nigeria - October 25, 2017

Nigerian independent Oando has won a court order lifting the Security and Exchange Commission’s (SEC) suspension on share trading and stopping its planned forensic…

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SEC clears Oando for AGM
NEWS
Nigeria - September 07, 2017

Nigeria’s Securities & Exchange Commission (SEC) refused a request to postpone Oando’s AGM over an ongoing investigation into corporate governance following…

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Oando in refinery refurbishment talks
NEWS
Nigeria - May 15, 2017

On Monday, Nigeria’s <a href='https://theenergyyear.com/companies-institutions/oando/’>Oando said it was in talks with Agip on the rehabilitation of the…

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Nigeria power generation problems
NEWS
Nigeria - July 22, 2016

Nigeria National Petroleum Corporation (NNPC) is working to restore the country’s power generation capacity to 5 GW by the end of 2016, company executive Adeyemi…

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Oando to build $350-mln gas plant
NEWS
Nigeria - November 27, 2015

Nigerian company Oando plans to build a gas processing plant with an investment of between $300 million and $350 million, the company’s head of gas and power said on…

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