WHAT WE DO

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Oando Energy Services

Oando Energy Services Ltd. was incorporated on January 19th, 2005 as a joint venture (JV) between Ocean & Oil Holdings and Oando Plc.

Oando Energy Services is an indigenous Energy services company principally engaged in four product service lines (PSL's) namely:

1. Total Fluids Management (Drilling & Completion Fluids)
2. Drill bits, Down-hole tools & Coring services
3. Oil - well Cementing (Zonal Isolation)

Oando Energy Services is strategically positioned as an integrated Oilfield services company and consolidates all activities in the product supply value (PSV) chain thereby delivering well-packaged & better priced "product service bundles".

The company is dedicated to offering "cost saving & viable alternatives" to its customers with all the flexibility and responsiveness of a single source point (SSP) for all its product service lines; this is evidenced by the quality of its services, which provides for control, responsibility & seamless process flow in inventory management.

In achieving its objectives as a world class energy services provider, the company is strategically aligned with Halliburton Energy Services thereby guaranteeing superior R&D and industry standard HSE controls.

Oando Exploration and Production Limited (OEPL):

Oando Exploration and Production Limited (OEPL) is the Lagos-based exploration and production subsidiary of Oando Plc, which is building a portfolio of oil and gas assets in selected African basins. Since its inception, OEPL has been actively trying to increase its reserve base.

In the 2005 Nigerian Bid Round, OEPL via Oando was awarded OPL-278 where it has a 60% stake and is Operator. It was also awarded part of OML-282 (4%) where it is the Local Content Vehicle (LVC) with Arc Oil and Gas under the Umbrella of Alliance Oil Producing Company. Agip is the Operator on OPL-282 with a 90% stake.

In 2003, a sister company, Oando Production and Development Company (OPDC), was awarded a marginal field (Obodeti-Obodugwa OML 56). OPDC has a 45% non-operating interest in the field.