Oando PLC

Business Description

Oando PLC is an energy solutions provider. The principal activity of the Company locally and internationally is to have strategic investments in energy companies in addition to supply of oil and gas products to customers. Its Exploration and production segment is involved in the exploration for and production of oil and gas through the acquisition of rights in oil blocks on the Nigerian continental shelf and deep offshore and Sao Tome and Principe STP. Its Supply and Trading segment is involved in trading of crude, refined and unrefined petroleum products. Its Mining & infrastructure development segment is involved in exploration and mining of solid minerals. Its robust portfolio of oil and gas fields comprises interests in onshore and offshore producing assets, across the Niger Delta basin and on the continental shelf. It also operates onshore mining leases for the JV (OML 60, OML 61, OML 62 and OML 63), and two onshore exploratory leases (OPL 282 and OPL 135).

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Financial Summary

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