Oando Exploration & Production
Oando holds interests in 13 licenses for the exploration, development and production of oil and gas assets located onshore, swamp, and offshore, our primary task is to harness optimally the potentials of our existing portfolio:
Oando has prolific 2P reserves and 2C resources from a portfolio of Producing, Near term and Exploration assets within NigerDelta, Nigeria/Sao-Tome JDZ and DRSTP EEZ It has a 15% and 45% Working interest in OML 125 and OML 56 respectively which are currently producing assets.
The company is also a Nigerian Content Partner with AGIP Oil on OPL 282 and has a 45% interest in a marginal field, OML 56. These fields are in different stages of development and will significantly increase Nigeria’s oil
and gas reserves.
Our mission is to deliver sustainable value to stakeholders by continually growing reserves through the exploration, development and acquisition of Oil and Gas resources. Our growth has continued unabated throughout the global financial crisis due to the successful management and production of oil and gas reserves.
Positioned as an owner and operator of an oil and gas asset portfolio the company will continue to pursue further investments in selected African Oil and gas producing basins that meet its strategic and financial criteria and position it for growth criteria.
