Core Strategy

Identify and Secure Farm-in and Acquisition Opportunities

• Target proven undeveloped fields with 2P reserves between 10mmboe – 20mmboe and regular concessions with 2P reserves between 40mmboe – 50mmboe
• Complete opportunistic acquisitions during asset sales and buy expired IOC concessions
• Focus on Nigeria but evaluate other opportunities in Gulf of Guinea

Participation in Future Bid Rounds

• Participate in future bid rounds in Nigeria and other countries in the Gulf of Guinea
• Given the preferential treatment of indigenous companies, Oando is well placed to acquire the prime assets

Partnerships with IOC’s

• Secure non-exclusive partnership with 1 – 2 international partners for a more comprehensive cooperation
• Focus on operatorship in land, swamp and shallow water terrain

Implementation Strategy